Welcome to Your (Second) Home in MiamiJanuary 25, 2021
There’s nothing like knowing that when you’re ready for an all-important escape from harsh winter conditions, you don’t need a reservation–you can just pick up and go to your second home.
A haven for healthier living, Miami has spacious and amenity-rich properties with easy access to the beach and a host of other outdoor activities like biking, jogging, boating, and golfing. But as savvy buyers know, a large and long-term investment like a second home should also be a financial asset. As you drill down on prospects, you’ll want to consider the ones that can double as a profitable vacation rental. For this reason, buying in Miami is an excellent choice.
According to a new report from Rented.com, Florida has more profitable vacation rental markets than any other state in the country. In fact, Miami is a top 10 Florida city. The recent report analyzed trends in housing costs and tourism to forecast a destination’s rental success. Miami made the top of the list for our favorable:
- Market real estate prices
- Property taxes
- Average maintenance costs
- Rental and occupancy rates
- Rental property demand
- Regulatory environment
Interested in starting your second home search? I can be your personal guide. We can focus on what benefits you want to enjoy from the property, including how to factor in potential vacation rental income. I look forward to helping you make the move that’s right for you.
Let’s have a conversation about the best neigborhoods in Miami.
Contact me today.