The rental market is hot in Naples, especially with seasonal renters who flee to Florida during the cooler months of the year. That’s often how investors are able to pay off their annual home expenses. From the beaches to the shops, restaurants and entertainment possibilities, it’s easy to see why so many people are interested in Naples. If you’re thinking about a Naples investment property, there’s certainly plenty to consider. But how do you choose the best investment property?
To begin with, you need to think about where you want to invest and the potential financial benefits. A property close to the beach tends to be more expensive. That’s why finding a property that’s within walking distance of the beach may be a better investment. In particular, Regatta at Vanderbilt Beach is a luxury condo property that’s a short walk from the beach, plus some of its units offer spectacular bay and Gulf views.
You’ll also want to consider what kind of amenities are worth an investment. Seasonal renters are sometimes looking for bundled golf, and owners can transfer that when they’re not using their own property. It’s all about the lifestyle, so large swimming pools can also boost your rental possibilities. One amenity-rich property is The Dunes. Its club offers access to a resort-style swimming pool, tennis courts, private beach club memberships and a fitness center. Pelican Bay is also a place with private beaches.
Of course, before you buy any investment property you need to find out if a community has rental restrictions. Many homeowner associations do restrict the length of rentals and how many rentals owners are permitted to have each year. Longer-term leases often translate to a greater financial commitment to keeping your property in tip-top shape. Communities like Naples Park do not restrict the number of leases an owner can have, nor do they restrict the length.