The modern economy is unfortunately a wild ride. Stock markets fluctuate wildly, crashing to potential depressions at the end of one decade only to rebound to historic highs just a few years later. Bond yields, once a safe harbor for investment money, are suppressed by low interest rates and government instability and fiscal irresponsibility.
Many investors are turning to real estate more and more for their long-term financial planning, income needs, and retirement saving. The populations of both the world and nation continue to grow, but the amount of land available does not, boding well for real estate values to rise. This is directly exploitable in places where the population grows locally, like Florida, and more so where retirees flock. Keep reading to learn 4 ways to invest in Moorings Naples Florida homes.
1) Buy a home there, and flip it. Depending on the age and condition of the house, there might be an obvious list of repairs, upgrades, and home improvement projects that can seriously boost the property value for you to resell. If you live there while you do the work yourself, it might take longer, but you can save dramatic amounts of money. Otherwise, just have contractors do the work at a furious pace to get it back on market as soon as you can.
2) Buy a home there, move in, but sublet part of the property. If you do not need the entire home to yourself, consider partitioning out part of the home to rent to someone else. A popular option is to turn part of the home into a separate apartment. Basements, spaces above garages, and mother-in-law suites are all sometimes converted into apartments you can either rent out, or you can live in it yourself while renting out the majority of the home.
3) Buy a home and divvy it up. Along the same lines of subletting part of a home, consider buying one but not moving in. If you can turn it into a home and apartment, or possibly even a pair of condos/townhomes, you can have two rental income streams from one property, which typically generates a profit. Just keep in mind that this is not always possible depending on property deeds and covenants, as well as homeowner’s association restrictions and local ordinances.
4) Take advantage of REITs. Real estate income trusts have a number of advantages. First, you do not have to put up enough money to buy an entire property by yourself, as you are part of a collective pool of investors. Second, you are exposed to a number of properties, so there is built-in risk management. It is highly unlikely you would find an REIT focusing just on homes in the Moorings community of Naples Florida, but you can probably find specific funds that focus on retirement properties in and around Naples, or at least across the state.
Now that you know 4 ways to invest in Moorings Naples Florida homes, you can take advantage of the real estate boom in a state popular with retirees and tourists. You could also refer to this site for more insights on Moorings real estate: naplesluxurygolfrealestate.com/moorings/