Christopher E. Connors

Does Investing in a Riverfront Condo in Florida Make Sense?

Daytona Beach and Palm Coast Riverfront Real Estate For Sale in Florida

 
Repost This

Daytona Beach, FL -- (SBWIRE) -- 01/22/2014 -- High-end real estate firm Distinguished Homes Realty LLC has announced that the outlook for Florida’s housing market is bright for the near future, especially for the riverfront condo segment. The company has commented that while the state’s economy is still working to return to the pre-recession levels, the improvements are fairly visible. A large part of the credit for this can be attributed to the rebound in the real estate market as well as the upswing in business activity in the state. Therefore, investing in premium riverfront condos now, before the prices rise further, could be a smart investment move.
 
Apartment construction, especially in Central Florida, has been holding steady. According to multi-housing experts, Collier’s International Central Florida, the metro area was slated to see an addition of about 2,500 units by the end of 2013. Collier’s also estimates that the region should be able to absorb at least 2,700 units, partly through new rentals. This is corroborated by the job growth estimates published by the University of Central Florida’s Institute for Economic Competitiveness. Housing prices have been rising through 2013 through this region, a trend that is likely to continue into 2014.
 
The statistics suggest that the time is ripe to invest in Central Florida is now. The reason why riverfront condos are preferred by many investors in this region is that this type of housing brings with it state-of-the-art amenities, innovative style and design, sophistication and, of course, comfort and luxury. Very few other regions in the country boast such beautiful and relaxing vistas without compromising on proximity to schools, hospitals, shopping centers and restaurants. Riverfront housing also means that you can participate in a variety of water sports or simply de-stress while sailing or fishing.
 
A riverfront condominium is also a good option if one is looking for returns on investment or to make some additional money through rental income. According to Bob Bagdon, Broker Associate for Distinguished Homes Realty LLC, “Riverfront property is less likely to be impacted by the vagaries of the real estate market than other types of property. In fact, riverfront condos have been seen to be the first to recover even if there is a trough in housing prices.”
 
Florida has often been touted as a migration magnet, with both job seekers and retirees looking for housing in the state. The climate, miles of waterfront and beaches also draw in tourists by the thousands through the year. Again, Florida is one of the few states where rental occupancy, especially due to vacationers, is high for a large part of the year.
 
Distinguished Homes Realty LLC brings together decades of experience in the construction, sale and maintenance of residential real estate. . The company has wide experience and expertise in dealing in riverfront, oceanfront, gated and golf community real estate, for single and multi family homes, condos and apartments. With a successful track record, Distinguished Homes Realty has carved a niche for itself in the high-end residential market in Florida. The company has also seen success in commercial real estate as DH Commercial Realty. For more information on luxury riverfront condos for sale in Daytona Beach and Palm Coast Florida clients should visit www.DistinguishedHomesRealty.com