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Top 3 Cities in Florida to Buy Real Estate in 2019

Looking forward into 2019 and beyond, Florida is a friendly and welcoming place to invest

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If you are like most people, then for summer vacations or to retire has crossed your mind. There is so much to enjoy for the whole family, either indoors or outside, having fun in the sun. Florida is one of those states that has it all because the weather is ideal year-round, the beaches are pristine, and there’s always a new way to take it all in.

When you think about buying in Florida, you probably think of a few places first, like Miami, and you would be right to do that. But, there are several other cities that will give you a high-quality lifestyle, while providing you with a solid financial real estate investment, as well.

Let’s take a detailed look at the top 3 cities in Florida to buy real estate, and why.

Florida
Buying a home in Florida In 2019, Pixabay

Miami, Florida

When you think about Miami, many things come to mind, but if you haven’t visited in person, it’s hard to get the full picture. Miami is a vibrant mix of old-world character and new modern lifestyle, all wrapped up in one. You can find neighborhoods in Miami, such as Belle Meade, that have homes built in the 1930’s that stimulate your senses and imagination. You can literally imagine yourself living in a new beach-side, pioneer town, just discovered by people. But, amidst the old-world feel, are touches of modern amenities, giving you the perfect balance of history, character, and contemporary creature comforts.

Another well-known fact about Miami is that it’s home to the best nightlife in the world, literally epic, and people flock to Miami’s South Beach to be a part of it all. There are famous night clubs like Liv in the Fountain Bleu hotel, where celebrities can be seen any day of the week, partying and having fun. Of course, there are luxurious condos on South Beach in buildings built by world renowned architects and designers. They can be small, yet well-appointed studios, to large, over- the-top penthouse condos.

Miami
Another well-known fact about Miami is that it’s home to the best nightlife in the world, literally epic, and people flock to Miami’s South Beach to be a part of it all. Pixabay

Another way to invest in Miami’s real estate market is buying a luxury mansion on Star Island, Coral Gables, or any number of prestigious addresses in Miami. These properties are ultra-exclusive and can have 10 bedrooms or more. They can be adorned with stylish furnishings, and have amenities like saltwater swimming pools, arcades, Italian marble, and more.

Before you run out and see the homes for sale in Miami, you might want to contact a respected Realtor, because investing in Miami real estate comes with a hefty price tag. It’s not uncommon to spend a million dollars or more on a property that still may need renovations.

Orlando, Florida

The one place everyone with kids is already familiar with is Orlando, FL. Home to Mickey Mouse and the entire Disney World family, Orlando represents some of the most innocent times and memories we have as children. It also has one of the hottest real estate markets in the nation, with a median home value of $250,000. It is much different than Miami, since most of the homes in Orlando are newer and full of cutting-edge technologies and building materials.

Orlando real estate investing makes sense, and with so many attractions (Universal Studios, Epcot, Sea World) bringing millions of tourists per year, it will stay that way. Orlando’s home values have increased steadily through the years and investors can expect to see that trend continue in the future.

Treasure Coast of Florida

If you enjoy a more laid-back lifestyle, and you appreciate the outdoors, beaches, and waterfront activities, then the Treasure Coast may be the place for you to invest in 2019. It is comprised of several small cities, such as Port St Lucie, Stuart, Palm City and Hutchinson Island. The reason that it makes sense to invest here is because there’s any and every type of real estate available at affordable prices. But, just because it’s more budget friendly, doesn’t mean there aren’t new and breathtaking waterfront mansions that can cost millions.

But, for the most part, you can buy a property for considerably less, depending on what type of real estate you want. The Treasure Coast is truly special, and one of the untouched coastal gems in Florida. The waterways are pristine and wind through all the cities, respectively. People love all the golfing communities, which are built around championship courses and amazing golfing centers.

According to top Treasure Coast Realtors, there are numerous single-family homes for sale in Port St Lucie situated on oversized, waterfront lots. Owners have deep-water ocean access, plus room for large yachts and other water toys.  

For those looking to retire beach-side, there are oceanfront condos available on Hutchinson Island in full-service buildings. Who wouldn’t want to wake up to a salty breeze from the Atlantic Ocean from your bedroom window? These buildings offer full fitness centers, concierge services and endless outdoor activities at your doorsteps.

Also Read: How Real Estate Regulatory Bill can help ailing Real Estate sector

Conclusion

Looking forward into 2019 and beyond, Florida is a friendly and welcoming place to invest your money that will not only pay dividends, but give you the quality lifestyle you want to enjoy. No matter if you want to live on the beach, near Florida attractions, or near the electric nightlife in Miami, Florida delivers. Just remember that hiring a local Realtor will save you both time and money, because they know the areas better than anyone else. Make sure you research the agents before you hire them to ensure they are the authority in the cities you want to live and invest your money.

Next Story

Property Investment Tips in Hyderabad and How Should you Choose your Ideal Property

Many people look for a house for sale in Secunderabad,Narsingi, Kukatpally, Kondapur and other pockets

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Property sale
Real estate in Hyderabad has remained a hot spot for property investors at all times, irrespective of the downtrends in the rest of the country. Pixabay

The real estate market in most parts of the country has remained sluggish over the past few years owing to demonetization and other reforms by the Government. But real estate in Hyderabad has remained a hot spot for property investors at all times, irrespective of the downtrends in the rest of the country. The positive outlook of the Government of Telangana in terms of elevated IT corridors, aggressive infrastructure development, strategic road networks, metro rail, etc., has helped the city to keep up with its sustained growth rate.

The Pearl City of India ranks high at the livability chart with its world-class amenities and ample employment opportunities. Hyderabad is also one of the fastest IT and the ITES hubs in the country that houses the top fortune 500 companies. This has, in turn, fueled the real estate growth in and around the city. The city is one of the hottest spots for real estate investment in the country and faces high demands among home buyers and investors to buy a property in Hyderabad.

Property investment
Buying an investment property is one of our country’s most favorite ways to invest. Pixabay

Current property trends in Hyderabad:

Many people look for a house for sale in Secunderabad,Narsingi, Kukatpally, Kondapur and other pockets that attract the maximum buyer inquiries during the recent few years. These suburbs in Hyderabad are the hot housing spots with more than 56.5% inquiries made regarding the availability of houses.  It has also been found that the 3BHK apartments are in high demand in Hyderabad compared with 2 BHK and 4BHK categories. Also, there is an excellent demand for upper mid-level projects in the city. Properties that are in the price range of Rs. 71-80 lakhs are browsed up to 20 times higher than projects that are in the price value of 30-40 lakhs.    

The best destinations for property investments in Hyderabad:

Buying an investment property is one of our country’s most favorite ways to invest. An investment property not only increased one’s wealth but also helps in securing one’s financial future. Some of the top destinations to look for properties in Hyderabad are as follows,

1. Secunderabad:

Secunderabad is one of the hottest destinations in Hyderabad that is filled with luxurious villas, houses, and apartments. It is the prime location in the city and houses a major railwayjunction and bus stand. Thousands of commuters travel across Secunderabad to reach their place of work and study. Buying a property here is not easy and could be highly expensive. People look for a house for sale in Secunderabad as their long term investment or to enjoy a high return on investment through rents. Investors show tremendous interest in booking commercial properties in Secunderabad more than residential plots.

2. Rajendra Nagar:

This is at a prime locality in Hyderabad and features a significant uptrend in the demand for residential spaces in the past few years. This place has many advantages such as, advancements in transportation, connectivity, superior infrastructure and security facilities which attract investors to invest in its diverse properties. It is very close to the Secunderabad railway station and the Rajiv Gandhi International Airport. Rajendra Nagar is connected with some of the business districts in Hyderabad such as Banjara Hills, Begumpet, Hitech city, etc

3. Nacharam:

Investors looking for villas in Hyderabad choose Nacharam as their destination. This is considered a high investment zone in the city and is known for its excellent infrastructure, reputed schools and hospitals and other amenities such as shopping malls, hotels, banks, etc. This place is urbanizing at a rapid pace and properties here are priced lower as it is about 60 km from Hyderabad. But this is the hot investment destination for real estate investors owing to a range of low- priced investment options

4. Kompally:

This place is also referred to as the real estate gem of Hyderabad. Though it is on the outskirts of the city, it is transforming from a suburban district to a thriving destination at a fast rate. It is the new educational, industrial and residential center in the city and is known pretty well among the NRI investors of the country. Though this place lies in the affordable investment segment at present, it has excellent potential for world-class housing. Its social and connectivity infrastructure is also developing at a fast rate.

5. Shankarpalli:

This place, also known as the green belt of the city is the best destination to book villas in Hyderabad. IT is just 11 km from the HITEC city and is the land for world-class educational institutions, health care centers, recreational zones, and resorts. As this place is close to Cyderabad and is easily accessible to other districts of Hyderabad, many NRIs consider this is a risk-free venue for residential investments.

Property Sale
Hyderabad is one of the hottest spots for real estate investment in the country and faces high demands among home buyers and investors to buy a property in the city. (Representational Image)

Some investment tips for prospective investors:

Investing in residential or commercial property has grown to be India’s preferred and favorite ways to invest. A property should always focus on increasing one’s wealth and in securing one’s financial future. But this is possible only when one manages their investment effectively by the following ways and channelize the same in the right way to achieve their financial goals.

  • It is important to choose the right property at the right price
  • It is important to keep a watch on one’s cash flow
  • It is mandatory to choose a property from an efficient property manager
  • Investors should understand the market thoroughly and buy houses, apartments or villas in Hyderabad from trusted parties
  • It is good to check the age and the condition of the property thoroughly before making an investment.
  • Before investing in a property it is mandatory to foresee its long term view and manage the risks accordingly.

Also Read- $20M Saudi Cup Attracts 143 Potential Entrants

Final words:

There are abundant and ample residential units available in Hyderabad and Secunderabad to meet the housing needs of its existent and immigrant population. But finding the right property at the right place is the challenge in choosing the ideal investment. This is where housing.com helps investors in choosing the best property at different locations of Hyderabad. It is possible to pick Hyderabad properties at housing.com according to one’s budget and investment portfolio.