Investing in real estate is one of the best ways to increase your wealth without doing too much hands-on work. You can invest almost anywhere and you'll probably get a decent return on your investment, simply due to inflation and growth of the economy.
But for smart investors, the goal isn't to simply get a return on investment. The goal is to find a location that has a high probability of giving you a massive payout down the line.
We're here to tell you that Clearwater, FL is the perfect location for investing in real estate. Not only will your Clearwater properties earn you money now, but you'll see a ton of growth in property value in the future.
Here are a few reasons why you should be excited about investing in Clearwater real estate.
1. Greater Home Appreciation
While there is money to be made by renting out single-family homes to tenants, the purpose of your investment should be for the appreciation of the property over time.
Appreciation is the increase in a home's value over time. The higher rate of appreciation a property has, the more money you'll make off of it in the future.
The average rate of home appreciation is 3.8 percent. So, if you invest in a property that appreciates at the national average, you can expect a 3.8 percent growth in your investment each year. That's a decent amount of growth, but investors should seek out options that provide higher rates of appreciation value.
That's where Clearwater properties come in. In the past year, there has been a 14.5 percent increase in Clearwater home values, putting the area well ahead of the national average.
2. Geographic Location
So, why are Clearwater properties appreciating at higher rates than other properties? Well, it's in part due to the perfect geographic location.
Clearwater is home to one of the most popular beaches in the country, making it a top tourist destination year-round. Clearwater boasts perfect beach weather every month of the year, giving people an escape from harsh winters up north.
The area also offers a ton of top-rated restaurants, clubs, museums, and venues.
Not only is Clearwater a great city in its own right, but it's also just a short drive to the eclectic city of St. Petersburg and bustling city of Tampa. Residents of Clearwater are in the perfect location which is why it's such a popular place to live.
3. Supply and Demand
Not only is Clearwater home to long-time Florida residents of all ages, but it's also a hot spot of Northern retirees. This combination creates a high demand for clearwater properties, and that demand is only going to grow.
As the demand for properties in Clearwater grows and the supply stays stagnant, the value will increase at a much higher rate.
While other cities might be showing an increase in housing demand, no one can guarantee that demand continues to grow. But in Clearwater, due to its pristine location, there will always be high demand for properties. This not only makes Clearwater a high-value investment, but a low-risk one as well.
4. Wide Variety of Properties
Are you looking to invest in a luxurious beach condo or apartment building? Or are you interested in a single-family home in a top Clearwater neighborhood? Either way, you'll have those options and more when you invest in Clearwater, FL.
If you have a general idea of what type of property you want to invest in, be sure to get in touch with a local real estate investment company. They will help you find exactly what you're looking for and will get you the best deals.
5. Strong Economy
One of the biggest fears people have when investing in real estate is that the housing market and/or the economy will crash and you'll end up losing on your investment. And while that is always a possibility, you can rest assured that Clearwater has a strong economy and will always be a valuable location.
As of 2019, Clearwater has an unemployment rate below the national average, and a job market increase above the national average. In fact, future job growth is expected to exceed the national average by almost 8 percent. This means that not only is the economy in Clearwater strong now, but it shows no signs of slowing down over the next ten years.
Invest In Clearwater Properties Today!
Clearwater is, without a doubt, one of the best locations to invest in real estate. Not only will your Clearwater properties appreciate at a higher rate, but you'll be able to find exactly what you're looking for with the help of a real estate investment and management company.
That's where we come in. Not only can we help you find the perfect property to invest in, but we will manage the property so you won't have to worry about the nitty-gritty property management details.
Contact us today so we can help you find the best investment for your future.