Every person knows that, before moving, it’s important to research the numbers and make sure that owning will, in fact, be better, financially, than renting. That’s why we’re excited to tell you that we’ve found some amazing reasons to purchase your home, and why you should do it right here in sunny Fort Myers, Florida.
From the glorious climate to beaches and even tax breaks, there are many reasons to buy a home- let’s get started.
1. Return on Your Investment
The amazing people and attractions of Fort Myers make earning a massive return on your investment a breeze if you consider turning your home into a rental. With a population of roughly 77,000 people, you are sure to find long-term tenants.Not only that, but the market is ripe for vacation home rentals from all the snowbirds living up North.
If long-term is not your go-to, you can jump on the new trend of an Airbnb, which will give you the freedom to enjoy your home for your own personal vacation while still being able to profit from it while it is vacant. With a tropical savanna climate and rich history of colonial settlements, you will benefit from a high interest in your home as a vacation rental.
2. Great Education Opportunities In Fort Myers
If you’re looking to permanently relocate to Fort Myers, or if you’re wanting to buy and not rent anymore, Fort Myers is a great choice. Fort Myers Senior High School ranks as one of the best schools in the nation – an honor bestowed upon the school by Newsweek. Fort Myers Senior High School is an international baccalaureate school, a highly recognized program for international students of parents involved in diplomacy, international, and national world organizations.
Fort Myers is also home to three universities and three technical colleges. Each college and university will provide your children with a higher education that will give them the tools for a bright future.
When your own a home in Fort Myers, versus renting, you’re going to be able to keep the value of the home up because of the great educational opportunities in the area.
3. Tax Benefits
Homeowners get a lot of tax benefits that, at the end of the year, can really pay off. These include:
- Deducting your Mortgage Insurance
- Property Tax Deduction from Itemizations
- Exclusion of capital gains tax upon selling of a home
- And much more
4. Mortgage Costs Stay the Same
One of the downsides that we all can relate to in renting is that dreaded rent increase that happens every year. When you buy a home, you know what your mortgage will be every month, and every year because it stays the same. This, as many homeowners will attest to, reduces so much stress.
5. Home Equity
As you pay down your loan and make improvements on the home, your home is building equity. While this will always depend on the market, for the most part, you can look at home equity as money you’re making and saving. The longer you live in that home, and the more you pay off, the more equity you will have in the home. Many people will save that equity for the day they sell, while a lot of people will actually take out home equity loans for things like college for their kids, upgrades to the home, or even debt consolidation.
6. Freedom
One of the best things about owning a home is the freedom to decorate, remodel, paint, and essentially do whatever you want with the property. If you don’t like that tree in the front yard, you can remove it. If you want bright yellow walls, by all means, have fun. You no longer have to worry about property management sending you little door notes about breaking rules. Doesn’t freedom feel so good?
7. Shopping and Scenery that Only Fort Myers can Provide
Sure, you can buy a house anywhere, but anywhere isn’t Fort Myers and we’re pretty biased about the area. From white sand beaches to shopping at Bell Tower Shops, there is more than enough to keep one occupied. Come take a stroll through the Edison Mall, which is the largest enclosed mall in southwestern Florida with more than 100 specialty shops where you will find that special gift or decoration for your new home.
There is fun for everyone. From the city life of lights to the outdoor experiences, you can enjoy a new city by golfing at Shell Point Golf Club, or enjoy your days at the Fleamasters Fleamarket. Every place is showered with palms and beautiful natural scenery to lift your spirits and enjoy the day. Experience all the trails and paddling creeks that are full of green vegetation and wildlife.
8. The Arts of Fort Myers
Among many attractions for the avid and amateur artist, one of the greatest is in the downtown historic River District, the Sidney & Berne Davis Art Center. SBDAC is well known in southwest Florida for hosting a variety of art programs and has become quite the little gem of our city.
Fort Myers is also a place that calls to music lovers with the Southwest Florida Symphony. With 55 years of high-quality music, the Southwest Florida Symphony has enthralled its listeners and drawn others to live and immerse themselves in the artistic performances Fort Myers promotes. From music to performing arts, there are over 12 different venues to visit and experience what Fort Myers offers you.
9. Weather
This is kind of a no-brainer, but we want to point it out anyways. The weather here brings throngs of people to Fort Myers, and it’s why you can own many properties and rent them out.
Everyone loves our savannah tropical weather, where inland allergies can’t survive. Florida is well known as a prime location for “snowbirds,” and what better reason than the weather alone. Even on cool weather days, the sun is out and shining down on you. The occasional thunderstorm rains down, but the rain doesn’t dampen the beauty of the area. Can you imagine your new home full of windows that let the Florida sun beam down and ocean breezes drift into your everyday life? Local real estate agents can and would love to show you some of those wonderful homes.
10. Population
Despite the fact that Fort Myers is a tourist town with amazing attributes to offer, the population is relatively small. Even with two airports, we are blessed to boast a small town feel. Everyone is looking for a place to call home and Fort Myers is a fantastic place to live when it comes to attractions versus population- this helps keep that home equity up, and you as a homeowner happy.
If you’re ready to buy a home in Fort Myers and stop renting, Contact me, Rebecca Silva for your real estate needs.
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