Investing in Volusia County real estate now rather than later can be a wise financial move, even if you’re not ready to use the property full-time. Not only can you benefit from appreciating values and potentially lower interest rates, but you can also generate income by renting out the property until you’re ready to use it full-time.
If you’re considering buying a second home in Central Florida, the team at Bee Realty Corp will expertly guide you through the process, helping you find a property that aligns with your goals, whether you plan to use it as a summer retreat or future retirement home. Let us show you why investing now can set you up for long-term success!
Why Now Is a Good Time to Invest in Volusia County Real Estate
While there’s never a definitive “best” time to buy real estate, current conditions in Central Florida’s real estate market suggest now could be a favorable moment for many buyers. Rising property values and relatively low interest rates offer excellent opportunities for investing in a summer home in DeLand, Daytona Beach, New Smyrna Beach, or another one of our beautiful communities. Long a draw for those in the market for a second home, the region offers a relaxed lifestyle and easy access to local attractions and major cities.
The good news is that a second home doesn’t have to sit empty until you decide to use it yourself. There are several ways to earn income from a Central Florida property while you wait to retire or join the “snowbird” club.
- Airbnb or vacation rental. The Sunshine State’s beautiful beaches make it a prime spot for an Airbnb investment. Volusia County’s popularity with tourists and short-term seasonal residents translates into a huge demand for rental properties.
- Long-term rental. Central Florida is seeing a surge in rental properties, with the average renter staying about three to four years. Securing reliable, long-term tenants to provide consistent rental income with minimal turnover is a great way to maintain the property and ensure steady cash flow.
- Student housing. DeLand’s Stetson University is near to several Volusia County communities. You can tap into the bustling college market by renting the property to students seeking convenient, comfortable accommodation.
- Seasonal rental. A vacation rental can be a terrific way to generate passive income. As one of the nation’s hottest spots for enjoying a warm winter getaway, savvy investors can respond to demand from tourists seeking more flexible, affordable alternatives to traditional hotel and resort stays. By welcoming snowbirds and seasonal residents looking for a sunny escape during the colder months, you can maximize your rental income during peak seasons.
- Corporate housing. Volusia County is home to several key industries driving growth and providing employment opportunities, including hospitality, healthcare, aerospace, and manufacturing. You can offer fully furnished housing for business travelers and professionals on temporary assignments, providing a home-away-from-home experience.
Volusia County Real Estate & You: Talk With Bee Realty Today
While the region has its inventory challenges, Central Florida’s high occupancy rates make the region a great bet for short and long-term rental investors. By rethinking how people typically use a Florida summer home, you can turn your property into a profitable venture, generating income until you’re ready to use it.
As Volusia County’s top brokerage, Bee Realty Corp understands the ins and outs of the area’s investment real estate market. Talk to us today about how we can help you find a summer home that fits your needs and investment goals perfectly!
