Why Central Florida Real Estate Is A Great Long-Term Investment

Why Central Florida Real Estate Is A Great Long-Term Investment

Home Buyers And InvestorsCan’t Get Enough Of Central Florida RealEstate

A piece of Central Florida real estate is always an attractiveprospect for many people. This is due to key factors such aslocation, economic growth, tax benefits, and a boomingpopulation.

  • Location. Central Florida is renowned for its holiday hotspots. Its mostpopular destination is Orlando which is the ‘theme parkcapital of the world.’ For homeowners, this means ayear-round opportunity to take advantage of the high demand foraccommodation. For instance, lakeside properties are a greatinvestment. They have strong potential for long-term revenue. Theexperience can be marketed as a luxury home holiday that will caterto a more affluent market.
  • Economic growth. In 2019, a national economistforecasted Florida’s average economic growthrate at 3.1% per year through 2022. Tax cuts and faster wageincrease were key drivers for this development. But with thepandemic devastating communities around the country, the sameeconomist noted that the Sunshine State will likely go back topre-pandemic levels by the third quarter of 2021.
  • Tax benefits. Residential property owners canget tax benefits like the homestead exemption. This is for ownerswho make their Florida home their permanent residence. There isalso no personal income tax here.
  • Booming population.  Orlando, alone, hasseen a double-digit population increase since 2010. This is one ofthe reasons why Central Florida has robust job growth and afast-growing real estate market. The influx of professional,families, and retirees drive demand for suitable home options.

Where To Live In Central Florida?

Aside from Orlando, many people are flocking to small, moderntowns like Harmony, St. Cloud, Lake Nona, Mount Dora, andKissimmee. These communities offer the perks of living close to thebig cities minus the traffic and the crowds.

Harmony is a walkable community with different types of homesand a wide range of amenities. St. Cloud is an Orlando suburb thatis conveniently located so you can still enjoy the perks of bigcity living.

Lake Nona is ideal for avid golfers. It has a professional-levelgolf course. The community is also home to a Medical City where theNemours Children’s Hospital and the Orlando Veterans AffairsMedical Center are.

Kissimmee is another option for those who enjoy nature trippingand other outdoor activities. Mount Dora is known as the‘Cape Cod of Florida.’ It is a charming community withbeautiful lakes, hilly streets, and artsy boutiques.

Ready To Look At Central Florida Real Estate ForSale?

Corcoran Connect is renowned for our honest, timely, andadaptable service. More than a real estate agency, we are localswho are invested in the growth of our communities. We offer ourclients a unique perspective of the local real estate market fromthe ground. And we understand what it means to own a home here, soyou can rest assured that we have your best interests in mind.

Regardless of your budget or personal preferences, we can helpyou find your dream home. Give us a call now.

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