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Buying A Home That Can Make You A Profit In Florida

by The Posen Londos Group 12/24/2018

If you’re in the market to buy a Florida home, you know what an investment it is. As house prices climb, you want to know that you’ll get a good return on the purchase that you do make. If you ever decide to sell the property, it would be a nice bonus to make a profit. Read on to discover the things you should look for in a Florida home to help you make it profitable.  

 

Location, Location, Location

 

Where a property sits is one of the most significant contributing factors to its value. If a home in poor condition is located in a desirable neighborhood, it surely has potential to increase in value. Some properties may be in already desirable neighborhoods. Other homes may be located in what’s deemed as an “up-and-coming” area. Think of the following when it comes to the location of a house:

 

The schools nearby 

The number of homes for sale in the area

The size of the homes in the area

 

The school system is one of the essential aspects of the value of the property, so a good school system is a good sign.

 

On the flip side, if you see a lot of properties for sale in the area, it could mean that people are desperately trying to get out of the neighborhood. For sale, signs could be a red flag. 

 

A Property Has Potential

 

Maybe you have found a Florida home that isn’t perfect but has a lot of charm. If you have a vision for the property, it’s possible that you can add value rather quickly once you buy it. If you fall in love with an area that you can’t afford, you could look for a fixer-upper. Remember that the smallest house in the most beautiful neighborhood is often better than the biggest home in a less desirable area.    

 

The Exterior And Interior Can Be Changed

 

It’s often hard to overlook the cosmetics of a home. If you’re looking for a way to add value and make a profit on a Florida home, you need an open mind. Curb appeal and the appearance of a home’s interior are simple to change. The best part is that these improvements add immense value to a property. Many enhancements are small yet make a big difference including:

 

  • Paint
  • Planting
  • Tile
  • Cleaning
  • Trimming

 

All of these activities are easy yet will make a home look like a different property.   

About the Author
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The Posen Londos Group

Hi, we're the Posen Londos Group and we'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having real estate professionals by your side. We'd be honored to put our real estate experience to work for you.