Finding property to buy in Florida
Real estate in Florida is very popular with investors. The state is one of the world's top tourist destinations and a huge number of people are drawn by its attractions, high-class golf courses and great rental returns.
When trying to find property in America for sale a local agent is a good place to start as they know the area and will be able to provide advice specific to the area. A lot of property to buy in Florida can be found on-line, as well as in local newspapers.
However, in order for an investor to find exactly what they are looking for they need to consider what property to buy in Florida and in what part of the state.
Location
An important question for any investor is where in Florida they want to buy. Property investment in Orlando is the most popular and has been hit particularly hard by the credit crunch. Cheap property can also be found in Canary Island Circle, located very close to Disney World. Property in Kissimmee, on the other hand, is a little more expensive, but the area is very attractive.
Although most people are attracted to the state's hot spots, Florida covers a huge area and has a wide array of diverse locations to consider when looking for a property. The location is an important factor, but it all depends on the type of property required.
Gated communities
One of the more popular options is the gated community. They offer a private and secure environment, as well as a range of communal facilities. In urban areas, condominiums or condos are very common. However, there is a wide selection of real estate in Florida, ranging from standard family holiday homes to multi-million dollar mansions. The additional security of a gated complex can be appealing to some buyers.
Fractional ownership scheme
Another increasingly popular option is the fractional ownership scheme. This is designed for investors who have a tight budget to contend with. The buyer only has to pay for part of the property's full price and in return can use the accommodation for a certain time in the year, as they share it with other people involved in the scheme.
Holiday homes
Anyone looking to purchase a holiday home needs to consider the location very carefully, whether it is for personal use or to rent out to others. For example, is it in close proximity to a tourist resort, beach or golf course? The only obvious negative factor is that the prices for these locations will not be as low as in others. However, for those looking to rent out their home this could be a property investment worth making.
Golf development property
Another option is golf development property. For prospective buyers looking for rental returns and long-term growth this type of property is particularly attractive. These developments tend to be located close to Florida's top attractions and feature a wealth of on-site facilities, as well as an array of other amenities nearby.
