Owning Luxury Properties for Vacation Rentals
Julie Jones from Mayfair International Realty members, Premier Estate Properties in Fort Lauderdale says:
"I’m excited to share that I am seeing an increase in demand from buyers seeking properties that are suitable for use as vacation rentals. As luxury real estate becomes perceived as ‘a safety deposit box’ in these times of economic uncertainty, buying a property that provides an income stream from vacation and seasonal rentals is becoming an increasingly popular choice both for U.S. and foreign investors alike.
Fort Lauderdale offers some great opportunities for luxury vacation rentals. Amazing homes line the waterways that have earned the city the reputation as The Venice of America. Prices range from $1 million upwards with vacation rentals subject to the time of stay and season. Most popular times to rent are from September to May during the winter when the sun still shines while other states and countries are experiencing colder temperatures.
Fort Lauderdale and Lauderdale-By-The-Sea also offer great opportunities for vacation rentals as the beaches are beautiful, clean and mostly un-crowded.
Exciting Fort Lauderdale Beach is changing constantly and offers luxury hotels such as the Ritz Carlton and the W. Since the Spring Break stigma has left the city, our sugar white beaches are now enjoyed by locals and visitors alike.
Vacation rentals can be managed by local companies or even at a distance through websites such as Vacation Rentals By Owner for those owners who wish to be involved in the process.
Purchasing a property for use as a vacation rental is a great option for bridging the years between acquisition and retirement. It is also a popular option for part time residents to at least cover property taxes and other ownership costs.
In selecting a property most desirable for vacation rentals, consider a location on the waterfront or close to the beach. Also, choosing a property with as many bedrooms as possible accommodates larger parties.
Fort Lauderdale is becoming an increasingly popular resort destination due to the easy access to local and international airports. An approximate drive time of 30 minutes from Miami also factors in making the tropical, cosmopolitan city of Fort Lauderdale the perfect vacation spot.
For more information call Julie Jones-Bernard at 954-328-3665.