What makes Clearwater real estate an excellent investment choice?
Real estate is considered one of the safest options for investors all over the world. Compared to other alternative investments such as stocks and bonds, it offers the surety of better returns in the long run.
Investors have placed their resources into rental properties and reaped benefits. Real estate also appreciates over time. If you decide to sell, you can enjoy the increase in property value.
Whether you’re a first-time investor or a seasoned one, investing in real estate requires knowledge in the local market. Cavalier Estates LLC is a reputable real estate company that is committed to offering exceptional real estate and brokerage services in the Clearwater area.
What Drives Clearwater Real Estate
Located in Pinellas County, Florida, Clearwater has been slowly but consistently drawing investors from Tampa and St. Petersburg. Keep reading to understand why wise investors are looking at Clearwater.
With its white beaches and welcoming waters, it is no wonder Clearwater is a popular tourist destination. Tourism ranks high in the city’s economy, attracting a number of visitors throughout the year. The revenue from tourism spills over to other sectors of the economy such as infrastructure and real estate.
Clearwater hosts many sporting, music, and food-related events. These activities provide another incentive for tourists to visit the city. The city is famous for its Gulf sunsets and festivals to celebrate this beautiful sight, featuring various artists, craft vendors, and magnificent views.
The last Friday of every month in Clearwater is known to feature a host of delightful entertainment and vendors, attracting visitors and buyers from various backgrounds. Another popular event during the fall is the Clearwater Jazz Holiday brings top national and local artists in to entertain locals and domestic tourists.
Investors have to option to either go the traditional leasing route or profit off the large crowds of tourists during the peak season. If you choose the second option, you can use your property as a vacation home through online booking platforms such as Airbnb, Expedia, and Booking.com.
A Strong Local Economy
Over the years, the city has dedicated itself to creating a pro-business climate. More affordable means of doing business has attracted businesses and investors to Clearwater. An increase in support services has also played a role in boosting the local economy.
Another contributor to the local economy is the talented and diverse workforce in Clearwater. The skilled manpower available is able to meet the needs of the new businesses in the area. Nova Southeastern University is an educational institution in the area responsible for Clearwater’s diverse and talented workforce.
Tech Data Corporation is one of the largest wholesale IT distributors and a fortune 500 company whose headquarters are located in Clearwater, Florida. Other companies are also choosing Clearwater as their regional headquarters. The possibility of growth and the talented workforce in Clearwater makes the city a great choice for investment.
Clearwater has a growing population as evidenced by the current consensus reports. An increase in population creates a huge demand for rentals in the area.
The cost of living in Clearwater is lower than the national average. Affordable housing, transport costs, and living expenses have also attracted people to the area. Clearwater is located just 30 minutes from Tampa and is a good spot for families and young professionals to settle down.
Demand for space is driven by an increase in population; and not just any population but one with the means to pay. Real estate investors can enjoy a stable revenue stream with a rental property in Clearwater.
Flexibility of Investment
Clearwater has a variety of real estate investment opportunities. This is an important factor since not all investors have the same investment goals or financial capabilities. You can invest your funds in any of the suburban residential neighborhoods, condominiums, or beach houses.
It’s also important to note that not all real estate options perform equally, even in a vibrant market such as Clearwater. However, the experience of a property management company can guide you to make an informed decision.
Favorable Weather Conditions
The weather in Clearwater is mild and pleasant, blessing the beachside paradise with gentle breezes all year long. In winter, the average highs rest comfortably in the mid-seventies, and summers are sure to please residents and visitors with temperatures in the low to mid-nineties.
Clearwater receives an averagely of 361 days of sunshine every year, making it favorable for family vacations. The suitable climate is also a huge boost to the city’s tourism industry!
Wide Range of Outdoor Activities
To take advantage of the good weather, Clearwater has a wide range of outdoor activities to partake in. Apart from popular beach activities, locals and tourists are known to enjoy hiking, fishing, canoeing, and cycling. Pinellas Trail is one of the most popular outdoor spots.
Real estate is significantly affected by other sectors of the economy. From the demographic statistics and state of the economy, Clearwater is an ideal opportunity for investors. Investing in the area promises strong potential profits due to the area’s probability of growth, strong local economy, and tourism activities.
What’s more, with the expertise of a local, property management company you can trust them to help you make smart investments in the city. Cavalier Estates LLC is the company for you! Our team of experts can help you navigate the dynamics of Clearwater’s real estate market and ensure your investments thrive.