What you need to know when investing in a real estate property in Marco Island

mm Paul Verbiton November 5, 2019
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luxurious house with pool

Marco Island in Florida is the perfect destination for individuals who long for a fantastic time in a tropical paradise with top-notch facilities and shopping places. With its six miles of pristine white sandy beaches and incredible scenery, the island is one of the best places to visit, particularly during wintertime. If you are planning to purchase a vacation home, you should consider investing in Marco island real estate.

Why Marco Island?

One of the most important factors to consider when purchasing a vacation home is the location. Here are the reasons why Marco Island is the ideal getaway spot:

Sunshine and beautiful weather

Investing in Marco Island real estate means you have access to perfect beach weather at any time of the year. Instead of flying out to other tropical countries, you can fly to Southwest Florida and enjoy a tropical Christmas break with your family and friends.

The fusion of nature and city attractions

Sometimes it is difficult to choose between relaxing in nature and the buzz and comforts of city life. In Marco Island, you don’t have to choose since the city offers the serenity of nature and the attractions of urban life.

You are free to select the activities that you want, no matter how contrasting they are. For instance, you can drink and party one moment and then go for a peaceful walk on the beach after.

Robust property market

Unlike other tropical destinations wherein your choice of property is minimal, Marco Island offers different types of vacation houses that suit your preference. From modest family homes and beachfront properties to high-end condo units and luxurious villas, the island has it all.

Moreover, the property market is conducive to both buying and selling. You can readily sell your Marco Island property should you decide to do so in the future.

Income potential

Your vacation home in this island can become an investment property instead of a mere expense. You can rent it out to tourists and your friends when you are not using it. This venture is lucrative, considering that Marco Island is one of the go-to destinations for families looking for a warm break in the winter.

Records show that the population of the island practically doubles during this season. Many of them are looking for affordable rental homes because hotel prices in this area are pretty steep.

Why Should You Consider Renting Out Your Vacation Home?

Depending on the size of the property, the rental cost of new homes can amount to $3,000 to $7,000 per week. Rental houses that are more than 5,000 square feet can be rented out for at least $10,000 a week.

Given the figures above, you can readily see the earning potential of Marco Island vacation home rental. By adding extra features and carefully screening potential occupants, your property can provide a substantial return on your investment.

Are There Vacation Home Rental Rules in Marco Island That You Should Know?

Vacation property rental rules on the island vary depending on the type of home. For instance, there would probably be more restrictions if you own a condo unit than a house. Note, however, that association guidelines can apply to some houses. You should be aware of these things when you are looking for properties to purchase.

Ultimately, the key to investing in a valuable real estate property in Marco Island is finding and working with reputable professional realtors. Having experts on your side will ensure that you have somebody with knowledge and experience about the island’s property market, safeguarding your best interest.

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Category: Blog, Home & Garden
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Paul Verbiton

I enjoy spotting opportunities and doing my best to grab them if I can. I am eager to see the world, I love taking photos and writing, coming up with topics that are pleasant to read, funny, and interesting at the same time.

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