Fort Myers New Homes, a Great Long Term Investment
Buyers with an eye to the investment value of new homes in Fort Myers wish they had a crystal ball. While no one can predict the future, there are certainly signs that it's a great time to invest in new homes. While Fort Myers prices hit their peak in 2005 and stabilized in 2009, now there's a steady increase. What should you look for in an investment home? Here are some pointers:
How reputable is the developer/builder?
Take a look at the developer's track record in the area. How long have they been building in Southwest Florida, and are they still active in the region? If they are a developer that's been around for a while, check out their other communities. How well maintained are they and what sort of prices do those homes command. Especially if you are considering a long-term investment, the stability and longevity of the developer should be a critical factor in your decision-making process.
Is it really a "bargain"?
In recent years, buyers from around the country flocked to the region looking for foreclosure bargains and short sales. But the reality is that many of the homes, while the prices were rock bottom, were anything but bargains. Buy the time the buyer completes all the renovations and upgrades necessary, it's often not that much less than buying new construction. When you invest in new homes, you know you're getting great construction that's up to the latest stringent hurricane codes (most recently updated in 2004). You're also getting the most energy efficient home available, which translates into huge savings throughout the life of the investment.
Nowhere to go but up
Residential real estate prices are on the rise. While still very affordable, Fort Myers home prices in 2011 are up 14% over last year, and nearly 20% higher compared to 2009. Real estate transactions are picking up the pace, and buyers are realizing that a shrinking inventory means that new construction is a great value right now. Investors are watching closely and recognizing that these favorable conditions may not last long. If you're truly interested in a home purchase, study the market and find out where the best buys are now.
An investment you can enjoy now
A beautiful home in a gated enclave, surrounded by community amenities, is not only a great value; it's also a great way to live. The quality of life you'll enjoy will often include championship golf and tennis, a lively social calendar, gourmet-quality dining and parks and playgrounds for children and grandchildren. In addition, downtown Fort Myers has become revitalized, with wonderful shopping, dining and entertainment choices. There are also other neighborhoods in Fort Myers that are blossoming as well, including the Daniels Parkway Corridor. This vibrant new section of Southwest Florida has emerged as Fort Myers' new "Main Street, and offers easy access to I-75, Southwest Florida International Airport and the Bell Tower Shops
Whether you're looking at new homes in Fort Myers as a principal residence or seasonal getaway, there are plenty of reasons to buy now, enjoy the lifestyle and hold on to your investment until you're ready to sell.
For more information about Fort Myers new homes for sale, see what's available