With how strong and steady the real estate market has remained through the craziness of 2020, many new investors are looking to join in on the fun with a big investment of their own. It makes sense; investing in real estate is perhaps the safest way to invest money because there will always be value in property, and historically, that value always goes up.
But determining where to invest can be difficult, especially for first-time real estate investors. We're here to explain why Clearwater, Florida and the surrounding area is one of the best places in the country to invest in the real estate market.
1. Clearwater Has a Strong Local Economy
Clearwater has a lot going for it, but perhaps at the top of the list is its strong economy. Even through the pandemic, the local economy has remained strong, showing the city has a lot more going for it than just tourism.
Clearwater, located just thirty minutes from Tampa, is a great spot for families and young professionals to settle down. Whether you're working in Clearwater or Pinellas County, or you're commuting to Tampa, the steadily increasing population has created a strong economy that can thrive even without the massive tourism crowds. And as businesses have begun to open up and people feel more comfortable traveling, Clearwater is sure to see a boom from people dying to get a slice of paradise.
2. Perfect Balance Between Paradise and City Life
Why is Clearwater such a popular destination for people of all ages and backgrounds? It's simple; this city provides people with their own pocket of paradise while appealing to those who enjoy city life.
Clearwater alone has plenty to offer in terms of beaches, restaurants, and unique places to go out. And with a short 20-minute drive south to St. Petersburg, you get even more hot spots. You're also just a bridge away from Tampa, one of the country's fastest-growing cities which is full of some of the best restaurants, bars, and venues in Florida.
So, what does this have to do with investing? Well, because Clearwater has so much to offer and appeals to such a wide range of renters and buyers, demand for real estate will always remain steady and high. You'll also see the value of your Clearwater property increase at a faster-than-average rate as more and more people move to the area.
3. Clearwater Properties Provide Investors With a Lot of Flexibility
When you invest in property in Clearwater, FL, you'll have a flexible investment. What does this mean, exactly? Well, you can choose to do a lot of different things with your property. For example, you could choose to rent it year-round to steady tenants. Or, you can make it an AirBnB to profit off of the tourism crowds.
If you want to enjoy the property for yourself occasionally, you can make it a short-term rental and block off the weeks that you want to visit. Additionally, Clearwater is an amazing option for investors who want to eventually retire and move into their investment property. What better place to retire than Clearwater, which is just a stone's throw from the top beaches in the country?
Property In Clearwater, FL: It's Time to Start Investing
Clearwater properties provide investors with the perfect opportunity to get a fantastic return on their investment long-term. The time to start investing is now; the longer you wait, the more prices will increase. Take the leap and give Professional Real Estate Management a call today to start your real estate investment journey.