Top 3 Things to Look for in Cape Coral, Florida Investment Property - Part 1

Posted by David Sporleder on Monday, February 7th, 2011 at 3:04pm.

Let's face facts. Today's retirement options are worlds apart from what they used to be. Years ago, if you worked for a large company, you could expect a nice retirement pension as well as social security income. Today, many of us have to take a more proactive approach to our retirement finances. Although there are many different wealth building options, investing in real estate is still a solid strategy. If you are just getting started in your investment research, here are the top 3 things to look for when considering Cape Coral property investment.

1.    Define Your Investment Goals - Since every situation is unique, the first thing you'll need to do is define your financial goals. This figure is based on your age, when you'd like to retire, and the amount of money you will need to live comfortably. When making these projections, be sure to include cost of living increases.

If your goals are long term, you are in a position to purchase Cape Coral property while prices are low, rent it out, build equity, and sell the property as the property values increase. For short term goals, it is an excellent time to purchase Cape Coral waterfront property at lower than average prices in order to resell in a couple of years. Foreclosures and short sales are still available, many in excellent condition and above average locations.

2.    Consider Community Growth Projections - One factor that is often overlooked by first time investors are the community growth projections. Just because a property seems attractive because it is on a nice piece of property or the home is relatively new, doesn't mean the property value will necessarily increase. Real estate property prices often rise according to the principle of supply and demand. Projected community growth, along with other factors we will look at, are a vital part of property increase projections.

Cape Coral property is a sound investment, especially Cape Coral waterfront property, because the area growth projections are outstanding. Here are some hot facts about Cape Coral growth that you may not have known:
According to the United States Department of Veterans Affairs, the new, state of the art VA health care center will open its doors in November 2011. This center will provide primary and specialty care to thousands of area veterans. The fact that this center will bring new residents to the area, along with providing thousands of job opportunities is a huge plus for Cape Coral.

Florida ranks as one of the top 10 states for taxes, according to the EconPost.
According to economist, Sean Snaith, the bottom has been touched in South Florida's economy, and is now seeing the numbers of a growing economy. Florida's exports have grown, international tourism is on the rise, and the economic downturn is now behind us.

3.    Weather Plus Waterfront is a Winning Combination - If you are going to invest in Cape Coral property, choosing a home on a canal should be seriously considered. With over 400 miles of canals and boating communities all around, it's pretty safe to say that the majority of our residents love to be on the water. Whether it's boating, kayaking, fishing, or just enjoying the view, being on the water will greatly increase the value of your investment.

There are three different types of Cape Coral waterfront properties available, so you'll need a qualified and experienced real estate agent to help you find the one that's right for you. Canal homes can have gulf access with a bridge or a lock to get through, some have direct gulf access without a bridge, while other homes are located on fresh water canals. Each one, of course, is valued differently.

If you have enjoyed learning about Cape Coral, Florida's unique investment opportunities, check our next Cape Coral Property article where we will take a look at 3 more smart investment considerations. In the mean time, we'd love to hear from you. Call our offices today and we will help start you on a solid real estate investment path.

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