LOWER KEY REAL ESTATE ARTICLES

 

Lower FL Keys Spring Time Activities For The Whole Family

 

Spring is a wonderful time to visit the Florida Keys, and the Lower Keys in particular have plenty of activities for the whole family to enjoy. From outdoor adventures to cultural experiences, there is something for everyone to enjoy in this beautiful and unique region.

1. Snorkeling and Diving

The Florida Keys are known for their crystal-clear waters and teeming marine life, making it a perfect destination for snorkeling and diving. The Lower Keys are home to many popular snorkeling and diving spots, including Looe Key, Bahia Honda State Park, and the Key West National Wildlife Refuge. These areas offer some of the best opportunities to see colorful tropical fish, coral reefs, and other underwater creatures.

2. Outdoor Adventures

The Lower Keys are a paradise for outdoor enthusiasts, with a variety of activities to choose from. Visitors can kayak through mangrove forests, go fishing in the flats, or explore the backcountry on a guided tour. For a more relaxed experience, families can rent a boat and spend the day cruising around the calm waters of the Keys.

3. Wildlife Encounters

The Florida Keys are home to a wide variety of unique and fascinating wildlife. Families can visit the National Key Deer Refuge on Big Pine Key to see the adorable and endangered Key deer, or head to the Blue Hole in Key West to catch a glimpse of alligators and other local wildlife. Don't forget to bring your camera!

4. Beach Days

The Florida Keys are home to some of the most beautiful beaches in the country, and the Lower Keys are no exception. Families can spend a day sunbathing, swimming, and playing on the sandy shores of Bahia Honda State Park, Sombrero Beach, or Smathers Beach in Key West.

5. History and Culture

The Lower Keys are rich in history and culture, with many opportunities for families to learn and explore. Visit the Key West Shipwreck Museum to learn about the area's maritime history, or tour the Ernest Hemingway Home and Museum to see where the famous author lived and wrote. Families can also take a tour of the historic Key West Cemetery or visit the USCGC Ingham Maritime Museum, a decommissioned Coast Guard cutter.

6. Festivals and Events

Spring is festival season in the Florida Keys, and the Lower Keys have plenty of fun events for families to enjoy. The Marathon Seafood Festival features live music, delicious seafood, and a fun kids' zone. The Key West Paddle Classic is a great event for families who love water sports, and the Key West Conch Republic Independence Celebration is a unique and entertaining event that celebrates the laid-back culture of the Keys.

7. Local Cuisine

No trip to the Florida Keys is complete without indulging in some of the local cuisine. Families can enjoy fresh seafood, Key lime pie, and other delicious Caribbean-inspired dishes at the many local restaurants in the Lower Keys. Make sure to try some conch fritters and seafood chowder for a true taste of the Keys.

With so many fun and family-friendly activities to choose from, the Lower Keys are the perfect destination for a springtime getaway. Whether you prefer outdoor adventures or cultural experiences, there is something for everyone to enjoy in this beautiful and charming region of the Florida Keys.

 

Cost of Living Forecast For Cudjoe Key Florida

 

Based on current trends, it is expected that the cost of living in Cudjoe Key, Florida will continue to rise in the foreseeable future. This is due to several factors, including increasing housing prices, inflation, and the overall growth of the local economy.

Housing prices on Cudjoe Key have been steadily increasing in recent years, driven by high demand and limited supply. Additionally, the cost of utilities and property taxes is also expected to rise, adding to the overall cost of living.

Inflation is another factor that will impact the cost of living in Cudjoe Key. As prices for goods and services rise, residents can expect to pay more for everyday necessities. This can include groceries, gas, and other essential items.

The growth of the local economy is also likely to contribute to the rising cost of living in Cudjoe Key. As the area becomes more popular and attracts more visitors and businesses, the demand for goods and services will increase.

Overall, it is expected that the cost of living in Cudjoe Key will continue to increase in the coming years. Residents know higher housing costs, inflation, and a generally higher cost of living compared to other areas in Florida, is the price to pay for living in paradise.

2024 Cudjoe Key Florida Real Estate Forecast

 

The real estate market in Cudjoe Key, Florida is expected to see continued growth and stability in the coming years. Here are some key factors that will likely impact the market and contribute to a positive forecast for 2024:

1. Strong Demand for Waterfront Properties: Cudjoe Key is known for its beautiful waterfront properties, which are in high demand among both locals and out-of-state buyers. With limited inventory, these properties are likely to see continued appreciation in value, making them a solid investment for the future.

2. Growing Population in Florida: The state of Florida continues to see a steady increase in population, fueled by factors such as warm weather, affordable living, and a robust job market. This population growth is likely to drive demand for real estate in Cudjoe Key and other popular Florida destinations.

3. Strong Tourism Industry: Cudjoe Key is situated in the heart of the Florida Keys, which is a popular tourist destination. With its stunning beaches, clear blue waters, and a range of recreational activities, Cudjoe Key draws in a large number of tourists each year. This influx of visitors contributes to the local economy and supports the real estate market.

4. Ongoing Development Projects: There are several ongoing development projects in Cudjoe Key, including the construction of new residential and commercial properties. These projects are expected to further boost the local economy and create new job opportunities, which bodes well for the real estate market.

Overall, these factors indicate that the real estate market in Cudjoe Key is likely to continue its positive trend in the coming years. With strong demand for waterfront properties, a growing population, low mortgage rates, a thriving tourism industry, and ongoing development projects, Cudjoe Key is poised for a stable and prosperous real estate market in 2024.

Jan Fritz For All Your Cudjoe Key Florida Real Estate Needs

If you are looking for exceptional real estate services in Cudjoe Key, Florida, look no further than Jan Fritz. With years of experience and a deep understanding of the local market, Jan is the go-to real estate agent for all your needs.

From buying to selling, Jan is dedicated to providing her clients with exceptional service and making their real estate dreams a reality. She will work closely with you to understand your needs and help you find the perfect property or buyer.

With an extensive network and knowledge of the area, Jan has access to a wide range of properties in Cudjoe Key and can help you find the one that best suits your needs and budget. She will also guide you through the entire buying or selling process, making sure it is smooth and stress-free.

But Jan's services go far beyond just buying and selling. She is also a great resource for information about the local community, from schools and amenities to the best restaurants and activities in the area.

No matter your real estate needs in Cudjoe Key, Jan Fritz has got you covered. Contact her today to get started on your real estate journey and experience exceptional service that sets her apart from the rest

In conclusion, using Jan Fritz for your Cudjoe Key real estate needs means having an experienced, knowledgeable, and dedicated agent on your side. She will work tirelessly to help you find your dream home and negotiate the best deal possible. Contact Jan today to get started on your Cudjoe Key real estate journey.

Benefits Of Jan Fritz For Cudjoe Key Real Estate

1. In-depth knowledge of the area: Jan Fritz is a longtime resident of Cudjoe Key and has a deep understanding of the local real estate market. She is familiar with the different neighborhoods, schools, and amenities, making her the ideal agent to help you find the perfect property.

2. Strong negotiation skills: Jan Fritz is a skilled negotiator who will work tirelessly to get you the best deal possible. She will use her experience and knowledge to negotiate on your behalf and ensure that you get a fair price for your Cudjoe Key property.

3. Extensive network: Jan Fritz has a wide network of contacts in the real estate industry, giving her access to a large database of potential buyers and sellers. This network allows her to tap into a pool of qualified buyers and increase the chances of a fast and successful sale.

4. Personalized service: Jan Fritz is committed to providing personalized service to her clients. She believes in understanding each client's unique needs and preferences and tailoring her approach accordingly. This ensures that you receive a customized and attentive experience throughout the entire buying or selling process.

5. Marketing expertise: Jan Fritz has a strong marketing background and knows how to market properties effectively. She will use a combination of traditional and digital marketing strategies to attract potential buyers to your property and maximize its exposure.

6. Extensive resources: As a member of the Coldwell Banker Schmitt Real Estate Co., Jan Fritz has access to a wide range of resources to help buy or sell your Cudjoe Key property. This includes cutting-edge technology, market data, and industry insights, giving her a competitive edge in the real estate market.

7. Comprehensive services: Jan Fritz offers a wide range of services to her clients, including property evaluation, market analysis, contract negotiation, and closing assistance. She will guide you through every step of the process and ensure that your real estate transaction runs smoothly.

8. Excellent track record: Jan Fritz has a proven track record of success in the Cudjoe Key real estate market. She has assisted numerous clients with buying and selling properties, earning her a reputation as a trusted and reliable agent.

9. Excellent communication: Jan Fritz is known for her excellent communication skills and has a strong commitment to keeping her clients informed throughout the buying or selling process. She will promptly respond to your inquiries and keep you updated on any developments.

10. Client satisfaction: Ultimately, Jan Fritz's top priority is her clients' satisfaction. She is dedicated to helping them achieve their real estate goals and will go above and beyond to ensure a positive and stress-free experience.

The Advantages Of Working With A Top Producing Real Estate Agent

Working with a top-producing real estate agent Jan Fritz, your Cudjoe Key Real Estate agent, specializing in all Lower Florida Keys Homes, offers several advantages to both buyers and sellers. Here are some key benefits:

1. Expertise and Knowledge: Top-producing agents have vast experience and extensive knowledge of the real estate market. They stay updated with current trends, pricing, local neighborhoods, and desirable amenities, allowing them to provide valuable insights to clients. Their expertise can save you time and help you make well-informed decisions.

2. Strong Negotiation Skills: Top-producing agents are skilled negotiators who can advocate for your best interests. Whether you're buying or selling, they have the knowledge and experience required to negotiate the best deal on your behalf. Their expertise in handling negotiations can potentially lead to favorable terms, saving you money or maximizing your profit.

3. Wide Network and Resources: A top-producing agent often has an extensive network of contacts, including professionals like home inspectors, contractors, lenders, and real estate attorneys. They can connect you with reliable service providers when needed, making the buying or selling process smoother and more efficient.

4. Access to Off-market Properties: Top-producing agents often have access to off-market or pocket listings, which are properties that are not publicly listed for sale. These exclusive opportunities give you a competitive advantage, as you may have access to properties that are not yet available to the general public.

5. Efficient and Smooth Transactions: Top-producing agents have systems and processes in place to ensure a smooth transaction. They understand the paperwork, legal requirements, and potential pitfalls involved in real estate transactions. By guiding you through the process and handling the necessary paperwork, they can help minimize delays and keep the transaction on track.

6. Expert Marketing Strategies: When selling a property, top-producing agents have advanced marketing strategies to showcase your home effectively. From professional photography and staging to online advertising and open houses, they know how to highlight your property's best features and attract qualified buyers.

7. Market Insights and Pricing Accuracy: Top-producing agents have access to comprehensive market data and analysis. They can provide you with accurate information about comparable sales, market trends, and pricing strategies. With their help, you can set the right price for your property or identify fair market value when purchasing.

Things To Do During The Fall In The Lower Florida Keys

 

The Lower Florida Keys offer a variety of activities to enjoy during the fall season. Here are some suggestions:

 

1. Explore Bahia Honda State Park: Located in the Lower Florida Keys, this park offers beautiful beaches, nature trails, and opportunities for swimming, snorkeling, and fishing.

2. Take a scenic drive on the Overseas Highway: Enjoy the breathtaking views as you drive along the iconic highway connecting the keys. The fall season can offer less traffic, making it an ideal time for a leisurely drive.

3. Visit the Key West Historic Seaport: Spend a day at the Key West Historic Seaport, where you can indulge in waterfront dining, shop for local crafts, and even go on a boating or fishing excursion.

4. Experience the Key West Fantasy Fest: If you're visiting in late October, don't miss the Key West Fantasy Fest. This unique event features lively parades, costume contests, street parties, and art exhibitions.

5. Discover the Florida Keys Eco-Discovery Center: Located in Key West, this interactive nature center offers exhibits that showcase the region's unique ecosystem, marine life, and conservation efforts.

6. Go snorkeling or diving in the Lower Keys: The clear waters surrounding the Lower Keys are perfect for snorkeling or scuba diving. Explore vibrant coral reefs, encounter tropical fish, and maybe even see some shipwrecks.

7. Enjoy Key West's nightlife: Fall brings cooler temperatures, making it an excellent time to explore Key West's vibrant nightlife scene. From live music venues and bars to comedy clubs and theaters, there's something for everyone.

8. Take a kayak or paddleboard tour: Embrace the tranquil beauty of the Lower Keys by embarking on a kayak or paddleboard tour. You can paddle through mangrove forests, uncover hidden coves, and spot various wildlife species.

9. Attend the Key West International Film Festival: In November, film enthusiasts can enjoy the Key West International Film Festival. This event showcases a diverse selection of independent films, panel discussions, and filmmaker Q&A sessions.

10. Relax on the beaches: The Lower Florida Keys boast stunning beaches where you can simply relax and soak up the sun. Some popular options include Sombrero Beach, Smathers Beach, and Higgs Beach.

Remember to check local event calendars and weather conditions for the most up-to-date information and plan your activities accordingly.

Lower Florida Keys Lifestyle

 

The Lower Florida Keys offer a unique lifestyle that is distinct from other areas. Here are some highlights of the lifestyle you can experience in the Lower Florida Keys:

1. Relaxed and Laid-Back Atmosphere: The Lower Florida Keys embody a laid-back and easy-going atmosphere. Life moves at a slower pace, allowing residents to enjoy a more relaxed lifestyle. The stress and pressures of urban living are replaced with a tranquil and serene environment.

2. Close Connection to Nature: The Lower Keys are renowned for their natural beauty and abundant wildlife. Living in this area allows you to immerse yourself in nature and enjoy a close connection to the surrounding environment. From enchanting mangroves to picturesque beaches, residents have ample opportunities to explore and appreciate the diverse ecosystems.

3. Outdoor Recreation and Water Activities: The Lower Florida Keys provide a playground for outdoor enthusiasts. The warm and inviting waters of the Gulf of Mexico and the Atlantic Ocean offer opportunities for various water activities such as swimming, snorkeling, diving, boating, kayaking, and paddleboarding. The area is also known for exceptional fishing, attracting anglers from around the world.

4. Sense of Community: Despite being a collection of islands, the Lower Florida Keys boast a strong sense of community. The local residents often come together for events, festivals, and volunteer initiatives, fostering a tight-knit and friendly community spirit. It's common to develop lasting friendships with your neighbors and feel a sense of belonging.

5. Artistic and Creative Culture: The Lower Keys have a vibrant artistic and creative culture. You will find local galleries, boutique shops, and artistic communities that celebrate and showcase the talents of local artists. The area also hosts various art festivals and events, providing opportunities for residents to appreciate and immerse themselves in the arts.

6. Abundance of Wildlife: The Lower Florida Keys are home to an array of wildlife species. From colorful tropical birds to majestic marine creatures, residents have the chance to witness and interact with a diverse range of animals. The abundance of wildlife adds to the overall charm and beauty of the area.

7. Island Hospitality and Charm: Living in the Lower Florida Keys means experiencing the warm and welcoming hospitality of the island community. Residents are known for their friendliness, open-mindedness, and willingness to help one another. The small-town charm and island vibe create a welcoming and inclusive environment.

8. Spectacular Sunsets: The Lower Keys are renowned for their breathtaking sunsets. The sky comes alive with vibrant hues of orange, pink, and purple as the sun sets over the horizon. Residents can witness these stunning displays of nature on a regular basis, creating a serene and magical atmosphere.

9. Proximity to Key West: While the Lower Florida Keys offer their own distinct lifestyle, they are still in close proximity to the vibrant city of Key West. A short drive will take you to the lively streets of Key West, where you can enjoy diverse dining options, live music, cultural events, and lively nightlife.

10. Unparalleled Beauty and Serenity: Ultimately, the lifestyle in the Lower Florida Keys is defined by the unparalleled beauty and serenity that surrounds you. Living here allows you to escape the hustle and noise of city life and immerse yourself in a tranquil and picturesque environment.

The Lower Florida Keys lifestyle combines the best of nature, community, outdoor activities, and a relaxed pace of living. It offers a unique experience that attracts those seeking a closer connection to nature, a welcoming community, and an escape from the demands of everyday life.

Lower Florida Keys Art and Culture Scene

The Lower Florida Keys are not only known for their stunning natural beauty and serene island lifestyle but also for their vibrant art and culture scene. From local galleries and eclectic shops to lively festivals and captivating performances, the Lower Florida Keys offer a rich tapestry of artistic expression.

With this in mind, we’ll take the time to delve into the diverse art and culture found in the Lower Florida Keys, highlighting the most popular destinations and experiences that immerse visitors in the region's creative spirit.

Key West: The Cultural Epicenter

Key West, the largest city in the Lower Florida Keys, serves as the cultural epicenter of the region. This vibrant city has long been a haven for artists, writers, and musicians, attracting creative minds from around the world. Key West's eclectic atmosphere is reflected in its numerous art galleries, museums, and performance venues. Duval Street is a must-visit, offering a bustling arts and entertainment district with live music, street performances, and diverse dining options.

Historic Hemingway Home and Museum

The Ernest Hemingway Home and Museum, located in Key West, is a treasured cultural landmark. The former residence of the famous writer Ernest Hemingway is now a museum that offers a glimpse into his life and work. Visitors can explore the house, with its charming Spanish colonial architecture, and view Hemingway's personal belongings and writing studio. The museum hosts literary events and lectures, further enriching the cultural experience.

Key West Art & Historical Society

The Key West Art & Historical Society manages several historic sites and museums that celebrate the region's heritage. The Customs House, a grand Victorian-era building, houses the society's headquarters and features rotating art exhibits and historical displays. Other notable sites include the Fort East Martello Museum, which showcases local art and hosts events, and the Lighthouse & Keeper's Quarters Museum, providing insights into Key West's maritime history.

Mel Fisher Maritime Museum

For those intrigued by maritime history and sunken treasures, the Mel Fisher Maritime Museum in Key West is a must-visit. The museum exhibits artifacts recovered from shipwrecks, including those from the Spanish galleon Nuestra Señora de Atocha. The exhibits offer a fascinating look into maritime archaeology and the region's seafaring past.

Bahama Village: A Cultural Gem

Located in Key West, Bahama Village is a historic neighborhood known for its vibrant cultural heritage. This multicultural community has a rich Bahamian influence and is home to numerous art galleries, boutiques, and eateries. Visitors can explore the vibrant streets, attend local festivals, and immerse themselves in the lively music scene, including traditional Bahamian Junkanoo parades and performances.

Additionally, the Lower Florida Keys are home to a vibrant calendar of festivals and events celebrating art, music, and culture. The Key West Literary Seminar attracts renowned writers and literary enthusiasts, while the Key West Songwriters Festival showcases talented songwriters from around the world. The Fantasy Fest, an annual extravaganza, brings together art, costume, and revelry in a colorful parade and street festival.

Benefits of Investing in the Lower Florida Keys Real Estate

The Lower Florida Keys are a popular tourist destination, known for their beautiful beaches, crystal-clear waters, and warm weather. This makes them an ideal place to invest in real estate.

There are many benefits to investing in real estate in the Lower Florida Keys. Some of these benefits include:

  1. High demand for vacation rentals: The Lower Florida Keys are a popular destination for both domestic and international tourists. This high demand for vacation rentals creates an opportunity for investors to generate a steady stream of income.
  2. Appreciation potential: Real estate prices in the Lower Florida Keys have been rising steadily in recent years. This appreciation potential gives investors the opportunity to earn a significant return on their investment.
  3.  Tax benefits: There are a number of tax benefits available to real estate investors in the Lower Florida Keys. These benefits can help to offset the cost of owning a rental property.
  4. Diversification of investment portfolio: Investing in real estate in the Lower Florida Keys can help to diversify your investment portfolio. Real estate is a relatively safe investment, and it can provide a hedge against inflation.

But, these aren’t the only reasons to invest in Lower Keys real estate. Here are some additional details about the benefits of investing in Lower Florida Keys real estate:

High demand for vacation rentals: The Lower Florida Keys are a popular destination for both domestic and international tourists. This high demand for vacation rentals creates an opportunity for investors to generate a steady stream of income. In fact, the average occupancy rate for vacation rentals in the Lower Florida Keys is over 80%. This means that investors can expect to rent out their property for most of the year, generating a significant income stream.

Appreciation potential: Real estate prices in the Lower Florida Keys have been rising steadily in recent years. This appreciation potential gives investors the opportunity to earn a significant return on their investment. In fact, the average appreciation rate for real estate in the Lower Florida Keys is over 5% per year. This means that investors can expect to see their investment grow in value over time.

Tax benefits: There are a number of tax benefits available to real estate investors in the Lower Florida Keys. These benefits can help to offset the cost of owning a rental property.

If you are looking for a sound investment, investing in real estate in the Lower Florida Keys is a great option. With its high demand, appreciation potential, tax benefits, and diversification benefits, investing in real estate in the Lower Florida Keys can provide you with a sound financial future.

Tranquility Bay Beach Resort in Marathon Investment Advantages

Tranquility Bay Beach Resort is a beautiful resort located in Marathon, Florida. It is a great place to relax and enjoy the beautiful beaches and crystal-clear waters of the Florida Keys. The resort also offers a variety of amenities and activities, making it a great place to stay for families, couples, and groups of friends.

In addition to being a great place to stay, Tranquility Bay Beach Resort is also a great investment. The resort is located in a prime location in the Florida Keys, which is a popular tourist destination. The resort is also well-maintained and offers a variety of amenities, which makes it a desirable property for investors.

If you are looking for a great investment opportunity, Tranquility Bay Beach Resort is a great option. The resort is located in a prime location, is well-maintained, and offers a variety of amenities. This makes it a desirable property for investors and is likely to appreciate in value over time. Here are some of the investment advantages of Tranquility Bay Beach Resort:

  • Location: Tranquility Bay Beach Resort is located in Marathon, Florida, which is a popular tourist destination. The Florida Keys are a chain of islands that stretch from Key Largo to Key West. They are known for their beautiful beaches, clear waters, and relaxed lifestyle. This makes it a great place to invest in real estate, as it is centrally located and accessible to both tourists and locals.
  •  Amenities: Tranquility Bay Beach Resort offers a variety of amenities, including a private beach, swimming pools, a fitness center, a spa, and a variety of restaurants. These amenities make the resort a desirable property for investors and are likely to increase the value of the property over time.
  • Maintenance: Tranquility Bay Beach Resort is well-maintained and is managed by a professional management company. This ensures that the property is kept in good condition and that the owners are able to enjoy their investment without having to worry about the day-to-day management of the property.
  •  Appreciation potential: The value of real estate in the Florida Keys has been appreciating nicely over the past few years. This means that your investment is likely to increase in value over time. The appreciation potential on the islands is high because they are a desirable place to live and vacation. The resort is located in a prime location, is well-maintained, and offers a variety of amenities. This has led to an increase in the value of the property.

If you are looking for a great investment opportunity, Tranquility Bay Beach Resort is a great option. The resort is located in a prime location, is well-maintained, and offers a variety of amenities. This makes it a desirable property for investors and is likely to appreciate in value over time.

Investment Advantages of Cudjoe Key Florida Real Estate

Cudjoe Key is a beautiful island located in the Lower Florida Keys. It is known for its stunning beaches, crystal clear waters, and laid-back lifestyle. Cudjoe Key is a popular tourist destination, and it is also an excellent place to invest in real estate.

Why consider Cudjoe Key for wealth investment and diversification? Well, there are several compelling reasons, like the following benefits:

Lifestyle

Cudjoe Key is a beautiful island with a laid-back lifestyle. Investing in real estate in Cudjoe Key can provide an opportunity for investors to enjoy the island's lifestyle. Investors can use the property for personal use and enjoy the island's beaches, boating, and other attractions. Owning a property in Cudjoe Key can also provide an opportunity for investors to retire on the island and enjoy the island's laid-back lifestyle.

Vacation Rental Income

Speaking of lifestyle, since this is such a popular tourist destination, that means there’s a high demand for vacation rentals on the island. Investing in a rental property in Cudjoe Key can provide a steady stream of rental income. The rental income can be used to offset the costs of owning the property and can also provide a source of passive income.

Property Appreciation

Cudjoe Key is experiencing steady growth, and real estate prices have been increasing over the years. Investing in real estate in Cudjoe Key can provide significant appreciation potential. As the demand for real estate on the island increases, property values are expected to continue to rise, providing investors with a significant return on investment.

Tax Benefits

Investing in real estate in Cudjoe Key can provide significant tax benefits. Real estate investors can deduct mortgage interest, property taxes, and other expenses associated with owning a rental property. Additionally, real estate investors can take advantage of depreciation deductions, which can help reduce taxable income and ultimately, reduce tax liability.

Diversification

Investing in real estate in Cudjoe Key can provide diversification to an investor's portfolio. Real estate investments are typically less volatile than other asset classes, such as stocks and bonds. By diversifying an investment portfolio with real estate, an investor can potentially reduce risk and improve overall investment performance.

Wrapping it all up, investing in real estate in Cudjoe Key, Florida, can provide significant advantages, including vacation rental income, property appreciation, tax benefits, diversification, and lifestyle. If you’re interested in learning more, consult with a local real estate professional who can answer all your questions and provide you with more information.

Lower Keys Schools and Education

The Lower Florida Keys is a beautiful area that is known for its tropical climate, stunning beaches, and laid-back lifestyle. For families considering moving to the area, one of the most important factors to consider is the quality of the schools. So, let’s explore the schools in the Lower Florida Keys and what families should know about them.

Elementary Schools

The Lower Florida Keys has several elementary schools that serve students from pre-K through fifth grade. These schools provide a strong foundation for students and focus on developing their reading, writing, and math skills. The schools also offer a variety of extracurricular activities, including music, art, and physical education. Some of the most popular elementary schools in the area include:

Located in Sugarloaf Key, Sugarloaf School is known for its high academic standards and strong community involvement. The school offers a variety of programs and resources for students, including a gifted program and a reading intervention program.

Located in Marathon, Stanley Switlik Elementary School is a highly-rated public school that offers a challenging academic program and a variety of extracurricular activities. The school is committed to providing a safe and nurturing learning environment for all students.

Middle Schools in the Lower Keys

The Lower Florida Keys has several middle schools that serve students in grades six through eight. These schools focus on providing a well-rounded education that prepares students for high school and beyond. Some of the most popular middle schools in the area include:

Located in Marathon, Marathon Middle High School serves students in grades six through 12. The school offers a variety of academic programs, including Advanced Placement courses and dual enrollment with Florida Keys Community College.

Located in Key West, Horace O'Bryant School is a highly-rated public school that serves students in grades six through eight. The school offers a challenging academic program and a variety of extracurricular activities, including sports teams, music, and drama.

Lower Florida Keys High Schools

The Lower Florida Keys has several high schools that serve students in grades nine through 12. These schools focus on providing a comprehensive education that prepares students for college and careers. Some of the most popular high schools in the area include:

As previously mentioned, Marathon Middle High School serves students in grades six through 12. The high school portion of the school offers a variety of academic programs, including Advanced Placement courses and dual enrollment with Florida Keys Community College.

Located in Key West, Key West High School is a highly-rated public school that offers a challenging academic program and a variety of extracurricular activities. The school is committed to preparing students for college and careers and offers a variety of programs, including Advanced Placement courses and dual enrollment with Florida Keys Community College.

Lower Keys Cost Of Living 2023

The Lower Keys are a collection of small islands located at the southernmost point of the Florida Keys, known for its tropical climate, clear waters, and colorful architecture. In 2023, the cost of living in the Lower Keys is expected to be higher than the state of Florida and the national averages in several categories.

In order to put all the data into context, we’ll break down the cost of living in the Lower Florida Keys, to provide a worthwhile overview:

  1. Food: According to the Bureau of Labor Statistics, the average monthly spending on food for a single person in the United States is around $350. In the Lower Keys, the cost of food is expected to be higher, with an estimated monthly spending of around $450.
  2. Utilities: The average monthly spending on utilities for a single person in the United States is around $150. In the Lower Keys, the cost of utilities is expected to be similar, with an estimated monthly spending of around $160. This includes the cost of electricity, water, and internet.
  3. Transportation: The average monthly spending on transportation for a single person in the United States is around $150. In the Lower Keys, the cost of transportation is expected to be higher, with an estimated monthly spending of around $200.
  4.  Health Care: The average monthly spending on health care for a single person in the United States is around $100. In the Lower Keys, the cost of healthcare is expected to be similar, with an estimated monthly spending of around $120.
  5.  Miscellaneous: The average monthly spending on miscellaneous expenses for a single person in the United States is around $200. In the Lower Keys, the cost of miscellaneous expenses is expected to be higher, with an estimated monthly spending of around $250. This includes expenses such as entertainment, personal care, and clothing.
  6.  Housing: The average monthly spending on housing for a single person in the United States is around $800. In the Lower Keys, the cost of housing is expected to be significantly higher, with an estimated monthly spending of around $1,500.

Summing it all up, the cost of living in the Lower Keys in 2023 is expected to be higher than the state of Florida and the national averages in several categories, particularly in the areas of food, transportation, and housing. However, the cost of utilities and healthcare is expected to be similar to the national average.

Lower Keys Real Estate Market Forecast for 2023

The Lower Keys Real Estate forecast for 2023 will most likely bring a proverbial bag of mixed results. This is due to several factors, including rising interest rates, inflationary pressure, housing availability, and demographic changes. So, let's take a look at the current environment with a few statistics and factor in some dynamics that will most likely come into play to assess the real estate market in the Lower Keys for next year.

The residential real estate market outlook in the Lower Keys for 2023 will probably not see wide-sweeping changes. It's quite probable that the trends in place now will persist through the first few months but might see significant change when the buying and selling season resumes in full force.

At this time, there are quite a few listings in the area, with more than 260 homes for sale in Key West alone. Home prices in the area range from an incredibly low amount, under $100,000, up to $10 million. The median list price in the Lower Keys market stands at $1.2 million, with a median list price per square foot of $916 and a median selling price of $838,000. Figures equal out to a robust 26% increase in a year-over-year comparison, meaning home values are on a steep rise.

At this time, the sale-to-list price is very high, coming in at 97.12%, translating into a sales price that is near asking, just 2.83% under the listing amount. Additionally, homes in the area are selling rather quickly, with the median days on the market being just 56 days, or just shy of 2 months. However, the market remains more favorable to buyers than sellers and is marginally considered to be a buyer's market at this time.

These trends will likely continue through the rest of the year and early into next as mortgage applications fall, and new housing starts remain markedly slow. Coupled with rising interest rates and high inflation, buyers will not be as quick to jump into the market to make purchases.

However, this can also present an opportunity for sellers who are both patient and strategic. With materials and supplies becoming more readily available and back to normal, now is a good time for getting home improvement projects done that add value and make the home ready for sale when the buying and selling season arrives next year.

Lower Keys Recreation

Lower Keys recreation offers something for everyone, young and old, single or married, and families of all sizes. Better still, most of these recreational opportunities are available most of the year or all year round, due to the tropical climate and the gorgeous weather. So, read on to learn more about the best recreational activities in the Lower Florida Keys and what you need to know.

Lower Keys recreation spans eight different islands. The Lower Florida Keys consist of Summerland Key, Big Pine Key, Cudjoe Key, Big Torch Key, Big Coppitt Key, Little Torch Key, Sugarloaf Key, as well as Stock Island. Keep in mind, these islands aren't necessarily massive in size, but what they lack in square mileage they more than make up for a whole lot of fun, exploration, and relaxation. Here are some of the top recreational opportunities you can enjoy in the Lower Florida Keys:

1. Bahia Honda State Park. This 524-acre wildlife Adventure is one of the most scenes in the entire chain of islands. Here, visitors will encounter nature up close and personal, including birds, fish, reptiles, and possibly a few deer. This is one of the best spots to spend an entire day, exploring the natural terrain.

2.  National Key Deer Wildlife Refuge. Sprawling over an impressive 8,542 acres, this is perhaps the single best location to encounter wildlife just going about their daily routines. There are over 800 animals here, along with more than 20 threatened and endangered species of plants and animals as well.

3. Rent or charter a boat. Being on an island archipelago means that you'll be surrounded by water at all times. And, this is one of the favorite pastimes for locals and guests alike. Charter or rent a boat and get out on the water to enjoy the sunny skies and gentle breeze cruising the waves, snorkeling, scuba diving, or angling for a big catch. Paddle on the water in a kayak.

4. Spend an afternoon at Blue Hole. This former limestone quarry is where you'll discover freshwater layered right over salt water, so there is no fishing, swimming, or disturbing it. But, it's one of the most tranquil and mesmerizing places you can visit in the Lower Florida Keys.

As you can plainly see, there are plenty of great things to do in and around the lower keys, so be sure to make the most of your time here.

Health Benefits Of Living In The Lower Keys

The health benefits of living in the Lower Keys probably aren’t apparent. (They’re not even the main reasons people relocate to this location.) But, there are some very compelling reasons to live in the Lower Florida Keys, and improving your health is just one of many aspects. Because it’s a totally different experience with much to offer, residents tend to lead better lives. So, read on to learn more about the top health advantage of living in the Lower Keys and what you need to know.

The health benefits of living in the Lower Keys really center around three main components: the weather, location, and lifestyle. These three factors play integral roles in people leading more healthy and happier lives in this tropical island archipelago paradise. So, let's look at the biggest health advantages of living in the Lower Florida Keys.

  1.  Less stress. Perhaps the most underappreciated and least apparent aspect that provides real-world health benefits of living here is the laid-back lifestyle. Unlike the big metropolitan cities and other Urban environments, life moves considerably slower down here and the absence of big-city stress is a huge health benefit. People don't have to worry about dealing with the hustle and bustle that comes with living in a big city and that means there's a lot less stress in their lives.
  2. Year-round recreation. The location also has quite a lot to do with the health benefits of living in the Lower Keys. Because there's such an abundance of sunshine and the weather is warm during the summer and spring, while exceptionally mild during the fall and winter months, there's ample opportunity for recreation almost every day of the year. It's much easier to stay active and therefore healthy in this type of environment.
  3. No suffering from the winter blues. As previously mentioned, the weather also offers health benefits. Chiefly, there are no harsh winners here and even during those months, it's typically sunny and relatively warm. That means people don't suffer from the winter blues or seasonal affective disorder.
  4. Copious sunshine and warm weather. All of that warm air and sunshine offer yet another benefit that helps to lift your mood. Not only does it provide for almost total year-round recreation, but bright and sunny days also bolster the spirit.

As you can see, there are some very nice health benefits to living in the Lower Florida Keys and they're available all year round.

Things To Do In the Lower Keys this Fall

Things to do in the Lower Keys this fall include some of the best things to do throughout this tropical island archipelago. And, because the weather is simply spectacular during these months, there's much to do outdoors to enjoy the blue skies and gentle breezes. When it comes to fall in the Florida Keys, there are plenty of natural attractions and since the weather is so wonderful, it's one of the best times to get outside and explore. So, read on to learn about some of the most popular things to do during fall in the Lower Florida Keys.

Things to do in the Lower Keys this fall include a bunch of outdoor excursions that are both relaxing and fascinating. Down here in this tropical island setting, you'll find a whole lot to see and do. Here are some of the best things to experience when the fall months come to the Lower Florida Keys:

  1.  Take a stroll down Duval Street. Even though this is just slightly over a mile from the ocean, this is a fabulous place to spend a day, visiting museums, souvenir shops, art galleries, and cafes.
  2. Meander along the beach at Bahia Honda State Park. There are two separate beaches in this park, one that looks across to the old railroad bridge and the other that faces the Atlantic ocean. Regardless of which one you choose first, you'll definitely love the stunning scenery.
  3.  Ride the ferry over to Dry Tortugas National Park. This is a must-visit location in the Gulf of Mexico and can only be accessed by boat or by seaplane. It's a great place for snorkeling and exploring shipwrecks. And, since it's still warm enough outside, the water will be a delight.
  4.  Enjoy some entertainment at Mallory Square. Head over here just before the sun goes down and watch the various entertainers gather to create one of the most festive atmospheres you'll find anywhere. Plus, there are several vendors here selling all kinds of things.
  5.  Visit the Key West Butterfly and Nature Conservatory. This place is home to almost 60 species of butterflies and over 20 species of exotic birds, making it one of the most breathtaking and beautiful places to visit.
  6.  Explore National Key Deer Refuge. For a close-up encounter with some of the cutest wildlife you'll ever see, this is a definite must if you're in the Lower Florida Keys.

Also, discover something new at Dagny Johnson Key Largo Hammock Botanical State Park. It stands 84 acres and is a place where you'll encounter all kinds of flora and fauna.

Cudjoe Key Real Estate

The Cudjoe Key residential real estate forecast is expected to Fair pretty well, despite some of the emerging challenges coming from a variety of sources. Currently, the residential real estate market in Cudjoe Key is quite active, but definitely not overheated, and most definitely, not flat. However, there are some factors that may cause the market to retract in Cudjoe Key, so read on to learn more about what to possibly expect.

The Cudjoe Key residential real estate forecast is a bit difficult to gameplan, although there are some key indicators that people can look at. First of all, this area is within a relatively small percentage when it comes to residential real estate, particularly when compared to other markets around the state of Florida. This is due to the fact that Cudjoe Key is experiencing parity between buyers and sellers, meaning it's in a balanced market. Whereas a much larger percentage of markets around the state are either in a solid seller's market or a solid buyer's market.

At this time, the current median list price is $1.4 million with a median list price per square foot of $896 and a median selling price of $1.2 million. This puts the sale-to-list price ratio at 98.31%, meaning houses are selling for just 1.69% below they're asking prices. These figures represent a substantial increase, 53.4%, in a year-over-year comparison to 2021.

Presently, the median days on the market stand at 72 days or nearly two and a half months. However, this is relatively short compared to just 2 years ago when the median days on the market stretched almost 200 days or approximately 6 to 7 months. As mentioned above, the real estate market in the area stands in a balanced state, so there is enough inventory for buyer demand. However, this will likely change over the coming months.

Even though people continue to relocate to Florida at a record rate, inflationary pressure, and rising interest rates are dampening even the hottest real estate markets across the peninsula and into the Keys. Mortgage applications are expected to fall through the rest of the year and that trend may continue into 2023, at least for the first quarter. But, this will benefit homeowners who hold on to their assets long-term, as well as long-term property investors. Plus, the buying and selling season will be here in short order, which may also help the market to thrive.

Lower Keys Luxury Real Estate Forecast

The Lower Keys luxury real estate forecast is on track to being one of the best on record. Although the market is slowing, it’s definitely not headed for big trouble. This is due to the fact that some emerging elements are tampering with the buying and selling dynamic, causing it to avoid overheating. So, let’s take a detailed look at the luxury real estate forecast for the Lower Keys and what we might expect to see unfold.

The Lower Keys luxury real estate forecast is a positive one. This is because people continue to move into the state at one of the highest levels in the peninsula’s history. The Lower Florida Keys are mostly tracked by activity in Key West, the most popular and best-known community in the island chain.

Right now, the median listing price stands at $1.2 million, which is quite similar to Key Largo, the furthest northern isle. Also, the median list price per square foot is currently running at $926, with a median selling price of $950,000. These figures represent an increase of 34.3% in a year or year comparison. Additionally, the sale-to-list price ratio is very high, presently at 99.02%, meaning homes are selling for just 0.98% under the asking price. Moreover, the median days on the market are now just 50 days, or a little over a month and a half.

While these are certainly great numbers, there are challenges that lie ahead and obstacles that already exist, which will likely push the market back into balance. (Right now, the Lower Keys, Key West, in particular, is in a hot seller’s market.) The factors which are of most concern are rising interest rates, shortage of building materials and labor, rising inflation, and the possible reintroduction of distressed properties - including foreclosures and short sales.

As interest rates continue to rise, buyers will surely pull back and the market will begin to cool. Additionally, more pressure will be placed on resales as new construction continues to appear slowly, due to the shortage of building materials and labor. Rising inflation will also dampen sales in the Lower Keys luxury real estate market.

Then, there’s the matter of distressed properties. Because of the shutdowns, the courts are still slowly processing foreclosures and short sales. If these properties trickle onto the market, they won’t present a problem. But, if they flood the market, this will probably hurt the market.

Lower Keys Real Estate

The Lower Keys residential real estate market is mostly hot at this time, particularly in Key West. Here in the island archipelago, there are different opportunities and trends that vary from one area to another. Because of the warm weather, the beautiful landscape, and the abundance of recreational activities, the Lower Keys are very attractive to potential buyers. So, let’s take a look at the residential real estate market in the Lower Keys to learn more about it and what buyers and sellers should know before purchasing or listing.

The Lower Keys residential real estate market is experiencing one of its most active seasons. Right now, the median list price in the area stands at 1.1 million, with a median list price per square foot of $923, and a median selling price of nearly $872,000. This pushes the sale-to-list price ratio very high, 98.66%, meaning that properties are currently selling for just 1.34% below they are asking prices. The median days on the market are also quite short, under 2 months in length, being just 55 days.

Additionally, home prices have seen a steady rise since June 2019, when the median list price stood at just above 750,000. The same holds true for a year-over-year comparison, only markedly more, with home values trending up 33.3% since June of 2021. All of this constitutes a seller's market, with a higher percentage of buyers looking for properties than available inventory in the area. Although, this trend certainly won't continue, as the season for buying and selling comes to a close through the summer and into the winter.

What's more, higher interest rates are driving down new mortgage applications and refinances, so sales of residential real estate will slow as a result. This should prompt homeowners to put their houses on the market quickly in order to gain the highest return on their investments. Meanwhile, buyers will have an opportunity once the season is over to acquire real estate at a more affordable price.

Another factor that could have a large impact on the real estate market in the Lower Keys is the reintroduction of distressed properties, or foreclosures and short sales, which have largely been absent over the past two years. If these properties flood onto the market, that will have a negative impact. But, if they're reintroduced slowly, they should have very little effect.

Benefits Of Investing In Lower Keys Real Estate

There are many reasons to invest in Lower Keys real estate. The main advantages of owning property here include the fact that values continue to increase, there are good tax benefits, it's in a highly desirable location, the job market is strong - so there are plenty of renters - and owning investment property in Lower Florida Keys can be used as leverage to acquire more real estate assets. In this article, we will explore each of these advantages in more detail.

As anyone who has been paying attention to the real estate market in recent years can attest, values have been on the rise. This is especially true in desirable locations like the Lower Keys. Not only are values increasing - they are doing so at a faster rate than in other parts of the country. This makes investing in Lower Keys real estate a smart move for those looking to build long-term wealth.

In addition to being a wise investment, owning property in Lower Keys also comes with some great tax benefits. For starters, there is no state income tax in Florida. This means that any rental income you earn will be yours to keep. Additionally, you may be eligible for certain deductions and credits when you file your taxes. Consult with a tax professional to learn more about the specific benefits you may be entitled to.

When it comes to location, it doesn't get much better than the Lower Keys. This is a highly sought-after area - especially by those looking to escape the cold winters up north. As a result, property investors can charge premium rents. And because the demand for rental units here is so high, you shouldn't have any trouble finding tenants.

The job market in Lower Keys is also quite strong. In fact, it has been steadily improving in recent years. This is good news for landlords as it means there are plenty of potential renters out there looking for a place to call home.

Last but not least, owning investment property in Lower Florida Keys can be used as leverage to acquire more real estate assets. This is because banks are typically more willing to lend money to those who already have a property in their portfolio. So, if you're looking to buy additional rental units or even a vacation home, owning property in Lower Keys can give you a leg up.

As you can see, there are many benefits to investing in Lower Keys real estate. If you're thinking about adding a rental property to your portfolio, this is definitely an area worth considering.

When To Use A Real Estate Attorney For A Closing

There are many reasons why you might need a real estate attorney during the closing process. In some cases, it's unavoidable due to legal issues. In other cases, it's simply a good idea to have an experienced professional on your side. If you're not sure whether or not you should hire an attorney for your upcoming closing, read on for more information about when you might need one.

One situation when you'll definitely need a real estate attorney is if there are problems with the title to the property. If there are any liens or encumbrances on the property, for example, an attorney can help you resolve them before closing. If you're buying property from an estate, an attorney can also help handle all of the necessary paperwork.

If you're buying or selling luxury real estate, it's also a good idea to have an attorney on your team. Transactions involving high-end properties are often more complicated than typical home sales, so it's important to have someone experienced in dealing with these types of deals.

Finally, there are a few other legal issues that can come up during the closing process. If you're buying a property with someone else, for example, you'll need to sign a co-ownership agreement. An attorney can help draft this agreement and make sure that it's legally binding. If you're selling a property that's part of a divorce settlement, an attorney can also help ensure that the sale goes smoothly.

Importance Of Getting Pre-Approved For A Home Loan

There are a lot of important steps to take when buying a home, but one of the most crucial is getting pre-approved for a mortgage. This means that you have gone through the process of being approved for a loan before you even start looking at houses. Some people might think that they don't need to do this since they aren't quite ready to buy a house yet. However, there are several reasons why getting pre-approved is essential if you want to buy a home in today's market.

The first reason is that it will give you a realistic idea of your budget. Once you are pre-approved for a loan, you will know exactly how much money you have to work with when searching for a home. This can help you avoid looking at houses that are out of your price range and also prevent you from making an offer on a house that is too expensive.

Another reason to get pre-approved is that it can give you an advantage when bidding on a home. If you are competing against other buyers who have not been pre-approved, the seller may be more likely to accept your offer since they know that you have already been approved for a loan. This can be a crucial factor in a competitive housing market.

Lastly, getting pre-approved can help you avoid any last-minute surprises when it comes to your mortgage. If you are not pre-approved and something comes up during the loan process, it could delay your closing date or even cause you to lose the home altogether. By getting pre-approved, you can avoid any stressful surprises down the road.

If you are thinking about buying a home, make sure to get pre-approved for a mortgage before you start your search. It will save you time, money, and stress in the long run.

Lower Keys Rental Forecast 2022

As a property investor or rental property owner, you're always looking for ways to ensure that your investments are secure and provide you with a consistent return on investment. Up-to-date market data is critical in making sound decisions about where to place your resources, so in this blog post, we'll take a look at the latest forecast values for rental housing in the Lower Keys for 2022. Keep reading to learn more.

The most recent data reveals the average rent for a one-bedroom apartment in Key West stands at $3,600, which represents an increase of 100% in a year-over-year comparison. (Right now, the median home cost in the community is $752,400 and rising.)

If you're a property investor or the owner of a rental property in Key West or elsewhere in the Lower Keys, you'll want to pay attention to this forecast. According to estimates from economists at the University of Florida, the average rent for a single-family home will increase substantially by the end of 2022. In fact, the rise in lease rates is expected to climb 10% to 15% from today's prices.

Currently, some of the more populated islands in the Lower Keys are considered to be in a sellers’ market. With median days on the market of just 55 days. (However, this isn’t the case for all of the islands in the Lower Florida Keys.)

As more people move into the Sunshine State, housing values are also expected to rise significantly, likewise pushing up rental rates at the same time through 2022

Lower Keys Cost of Living 2022

If you're looking for an affordable place to live in 2022, the Lower Florida Keys is a great option. According to recent studies, the cost of living in this area is significantly lower than in some other super-popular parts of the country. In fact, it's about 25% cheaper to live here than in Miami. Keep reading to learn more about the cost of living in the Lower Florida Keys.

The Lower Keys' cost of living is indeed affordable, and more so than most people even think it is. In fact, here are some of the most cost-effective areas in the Lower Keys: Big Pine Key. This charming community is one of the most affordable in the Lower Keys. The cost of living here is about 30% lower than in Miami.

Marathon is another great option for budget-minded homeowners. The cost of living here is about 25% lower than in Miami. Islamorada is yet another. If you're looking for a waterfront town with a low cost of living, Islamorada should be at the top of your list.

But how much do everyday expenses cost in the Lower Florida Keys? Well, let’s look at these six categories, based on a countrywide baseline average score of 100. Transportation in the Lower Keys earns a score of 70, and utilities earn a score of 98, making both more affordable. Miscellaneous expenses come in with a score of 107, while food and groceries score 114, making them slightly more expensive. Healthcare and housing are the most costly, earning scores of 162 and 274, respectively.

Lower Keys Real Estate Forecast 2022

The Lower Keys residential real estate market forecast for 2022 will likely continue where it leaves off this year and maintain a healthy sales pace. However, there are certain factors that might contribute to a slowdown or even to a total rearrangement of the present environment.

The Lower Keys housing market is forecast to continue at its present pace in the coming year. But there are certain factors that might contribute to a slight drop-off or even a sharp adjustment, depending on what happens with new construction, resales, and the reintroduction of foreclosure and short-sale properties.

Inventory is down year-over-year, with a current supply of only 0.59 months. This indicates that demand is outpacing the available homes for sale, resulting in increased competition and higher prices. Buyers are urged to act quickly if they find a home they love, as inventory levels are expected to stay much the same.

Currently, the median listing price is $912,500, with a median listing price per square foot of $807, and a median sales price of $720,000. Right now, the sale-to-listing price ratio is at 99.16%, meaning homes are selling at almost the same as their asking price. The Lower Keys are mostly in a sellers’ market, with the median days on the market being just over two months at 61 days. (This figure has gone up since last month, and slightly down since last year.)

But, if a wave of foreclosure and short sale properties are introduced too quickly, this could seriously affect the housing market in the Lower Florida Keys.

Staging Your Home For A Quick Sale

Staging your home for a quick sale is quite a bit easier than you might think. Although it is recommended you hire a professional to stage your property before listing it, you can do most or all of this preparation on your own. If you simply follow a few proven strategies, you can effectively stage your house to make it look its best. Read on to learn how to stage your home to make it sell fast.

Staging your property for quick sale means preparing it to highlight its best features. One of the most effective methods for doing this is to allow for the most optimal traffic flow and bright airy conditions. In other words, arranging furniture for the easiest traffic flow and loving the sunshine inside. Additionally, there are three principles that make staging work its best:

  1. Declutter. Put simply, anything and everything that isn't necessary can be packed up. Although little knick-knacks and decor might contribute to the overall theme, they unnecessarily take up space. And, space is what helps to sell any house.
  2. Depersonalize. Buyers aren't interested in purchasing your life, they want to have a life of their own in a new chapter. So, get rid of all personal items in common areas and be sure to put these away, out of sight in bedrooms and bathrooms.
  3.  Disinfect. It's not enough just to dust and pick up around the house. Every surface and every corner should be clean. Go through every room, one-on-one, and give it a deep clean, disinfecting as you go.

What To Expect With A Home Inspection

What should home buyers and home sellers expect with a home inspection? This is one of the most pivotal and critical points in any residential real estate sale. It can literally put the transaction on pause or outright kill it, depending on the circumstances. So, read on to learn more about what to expect in a home inspection.

The fundamental reason for a home inspection is to identify what is known as "material defects." As far as the home inspection industry is concerned, material defects are any issues that have a negative impact on the value and/or safety of a property. For example, a leaky roof will most definitely have an impact on the value of a property, driving its market worth down. But, an electrical issue is a safety concern that likewise devalues the property.

A home inspector will assess the overall condition of the property. This includes its basic structural integrity, including the foundation, walls, and condition at Large. The inspector will also examine the roof, as well as Windows and doors. The home inspector will test all major appliances, including major ones such as the central air conditioner or HVAC system, and more. Plus, the inspector will test all lights and electrical outlets, as well as the plumbing including sinks, drains, toilets, and water heater.

A home inspector will compile a detailed report of all existing problems as well as potential issues that might arise in the short-term, to long-term future. The report will be made available to both the buyer and seller so the parties can negotiate if necessary about any needed repairs.

Property Upgrades That Payoff

The property upgrades that actually pay off will probably surprise the average person. When people think about upgrading a residential home, they usually think about lavish amenities, such as a giant master bedroom suite, a swimming pool, or a fully appointed outdoor kitchen. While all of these improvements will indeed add value to a home, they do not result in the best return on investment, in fact, there are much less expensive improvements that offer a much higher ROI. So, read on to learn which property upgrades pay off the most.

The residential home upgrades that pay the most back are fairly unexciting. For instance, a new steel front entry door fetches the highest return on investment at around the exact price it cost to purchase and install. Remarkably, the same goes for a new garage door, as well as the very mundane insulation replacement. Additionally, other energy-saving improvements offer a high payoff, like new windows.

Of course, not everything is about security and energy efficiency. For instance, a minor kitchen remodel will return more money than a complete kitchen God and overhaul. The same holds true for bathrooms. Just minor upgrades in the bathroom will bring a larger return on investment than a total redo.

Similarly, a fresh coat of pain and modernization of appliances will also bring a sizable return on investment. Moreover, small refreshments around the common living areas, such as the dining room, then, and living room will also help to improve a property's attractiveness and therefore bolster its value.

Cudjoe Key Cost of Living in 2021

The Cudjoe Key cost of living in 2021 is more affordable than one would expect. In fact, it’s among the least expensive options of living in the tropical island archipelago. However, its overall cost of living is still higher than the cost of living in the average community across most of the nation. Still, when one considers the lifestyle, the weather, recreational activities, arts, and culture, it remains one of the best places to live in the country.

The Cudjoe Key cost of living in 2021 isn’t too different from the same expenses last year. Using a baseline of 100 as an average score, here is how the cost of living in Cudjoe Key,  breaks down into six main categories:

  1. Transportation. Getting around the island and to the mainland isn’t very expensive, with a score of 97.5, compared to a statewide average of 112.5, which is of course, higher.
  2. Utilities. The cost of water, electricity, and other utilities scores 99.2 in Cudjoe Key, which is also less than the state average of 101.3, just a tad more.
  3. Miscellaneous. For odds and ends, residents should expect to spend a bit more, with an earned score of 106.2, a bit higher than the state average of 96.9.
  4. Groceries. The cost of food in Cudjoe Key is unsurprisingly more expensive, earning a score of 114, which is higher than the state average of 102.8.
  5. Healthcare. The cost of healthcare earns a score of 145.4 in the area, which is more expensive than the state average of 98.

Lastly, housing is the most expensive cost, earning a score of 232.3, with a median home cost of $537,000, compared to the state average of $237,100, and the national average of $231,200.

How To Properly Hire A Home Improvement Contractor

Sometimes when people hire a contractor they do not pay attention to anything but the price. This is something you are going to want to learn about so you know who to hire and what kind of a price you should pay. Take a look at the advice offered here to learn more.

Find people that can recommend services to you that various contractors offer. This way, you will be able to talk to the person to see whether or not they were happy with the work they received from the contractor of their choice. You do not want to hire a contractor that is not highly recommended by quite a few people because you know their services are not all that great. Research is always one of the best ways to find out whether or not a contractor is good because it allows you to know how they have operated in the past.

Get some quotes on the work that you need to be done so that you are aware of what the cost will be when you work with a particular contractor. Do not allow a contractor to charge you for any type of inspection or quote. If that happens, you are going to feel obligated to work with them since you have already given them money. Most of the time, you will find that you can get a quote for free and if you do not like the price, you can negotiate or just move on. Either way, it is smart to know what your costs will be to see if their services are worth it.

Verify that the contractor has a license to do the work they need to in the area where you reside. If they are not licensed and do work that is poor, there is probably little that you can do about it. Also, you need to make sure that they are bonded and have insurance of some kind just in case they were to get hurt or make a mistake. A contractor that does not meet these qualifications should not be in business and should be reported to the proper licensing authorities as soon as possible.

By using the tips listed here, you will certainly find a contractor that will provide excellent service when you need it the most. Most of the time, home improvements are difficult tasks to complete but when they are done right by a reputable contractor, you can be sure the quality of the work will hold up for years to come.

Investment Property Financing Options

Investment property financing options aren’t usually readily known among new investors, since they do not have any real experience with acquiring, remodeling, selling, or renting. This is a huge financial and time-consuming venture. But, it can certainly be very lucrative, if done correctly. Read on to learn more about the most common investment property financing options and what you need to know.

Investment property financing options come in many different forms. In fact, there are several more which aren’t listed. However, these are the most popular and most accessible. These have different requirements, including down payment, interest rate, term length, repayment options, creditworthiness, and more factors. Here are some of the most common types of financing for investment properties:

  1. Conventional loans. A conventional loan is one that is not backed by the government and is typically sold to Fannie Mae or Freddie Mac at some point. These require a credit score of 620 to 640 and down payments range from 5% to 20% and in between. These can be 15 to 30 years in length.
  2. Hard money loans. A hard money loan is a loan that is made through a group of private investors and is a short-term debt instrument, which makes them work to fix and flip property situations. The interest rates on hard money loans are generally higher for the convenience they offer.
  3.  Portfolio loans. These loans are made through a portfolio lender invested in real estate mortgages. Because of the source, these are usually more costly in interest rates but provide a more accessible path to investment property financing.

Importance Of Pricing Your Home Correctly To Sell

The importance of pricing your home correctly to sell simply cannot be overstated. If you do not price your property correctly from the outset, there are several risks that come into play. These can be very costly, to the point of the house lingering longer than necessary on the market or having to accept less than the fair market value. So, read on to learn more about the importance of pricing your house right to sell.

The importance of pricing your residential property right from the beginning will mean the difference between getting what it's actually worth (or perhaps a bit more) and having to settle for something less than the listing price.

Pricing a home correctly means looking at the right comparables in order to determine its true market value. That means other properties with the same square footage, number of beds, and bathrooms, as well as similar amenities. If you price the property too high, it will linger on the market because experienced brokers won't show their clients overpriced homes, simply because they know the owner is being unrealistic about its worth. Conversely, if you price your home a bit more aggressively and under its market value, then people will wonder what's wrong with it (even if there are no defects) and pass on seeing it because they believe you're trying to offload it and conceal something undesirable.

Unfortunately, these are two very common mistakes many home sellers make and this is why it is extremely important to price your home right from the beginning in order to sell it as quickly and for as much money as possible

Things To Do In The Lower Keys

Things to do in the Lower Keys are so numerous, that it’s nearly impossible to list and detail every single one of them. In fact, one could go on for pages and pages, listing and detailing all of the recreational, cultural, and other things that are available in the Lower Keys. This is not only due to its tropical climate and wonderful weather, but because there is such a diverse variety of cultures throughout the island archipelago. Read on to learn more about the best things to do in the Lower Florida Keys.

There's a wide variety of things to experience and enjoy in the Lower Keys. Since this is a chain of islands, the water obviously plays a huge role, as does the surf and sand. So, it's little wonder that many people visit here, and even relocate, to enjoy many aquatic-based activities. These include but are not limited to kayaking, fishing, sailboating, power boating, snorkeling, paddle boarding, scuba diving, and just spending days or evenings strolling through the surf.

Although, that's certainly not where the fun ends. There is also quite a bit for land lovers to enjoy, as well. So, bike up and down the streets and sightsee, as you pedal around the villages. Or, hike through the many nature trails and preserves that are located in the area. If you like to get out into nature, there are also several places to camp. Or, spend an afternoon playing a sport, like a volleyball, tennis, golf, and more.

Last but certainly not least, there's plenty of live entertainment, arts, and cultures, such as museums and galleries, and shopping and dining to enjoy in the Lower Keys.

Summerland Key Cost Of Living 2021

The Summerland Key cost of living in 2021 is more affordable than one might think. In fact, given this is a highly desirable destination in the Sunshine State, people would definitely imagine it to be more costly to live here. However, there's plenty of good news for people who are considering relocating. Read on to learn more about the Summerland Key cost of living in 2021.

The Summerland Key cost of living for 2021 isn't as outrageously expensive as you would believe it is. Although some things are definitely more costly here, others fall right in line with the national and/or statewide averages, or are just slightly above them, making it more affordable than you would probably imagine. Using a baseline national average score of 100, anything above is more expensive, while anything ranked under is less expensive. Here's how it breaks down:

  1. Transportation. Getting around Summerland key is not very expensive whatsoever, coming in at a score of 96 points.
  2. Utilities. For heating and cooling your home, and running water and sewer, the cost of utilities here comes in at a score of just 99.
  3.  Groceries. Here on the island, food isn't as expensive as it is on the mainland, earning a score of 114 points.
  4. Health care. The cost of healthcare in the area is just a bit above the national average, with a score of 145.
  5.  Housing. Of course, given its location, climate, and weather, housing is the single most costly category, being roughly 2.5 times the national average.

Summerland Key Luxury Home Forecast 2021

The Summerland Key residential luxury home forecast for 2021 is one that looks bright. However, given the global pandemic and subsequent shutdowns, there’s a significant amount of uncertainty about what the market will bring over the course of the next twelve months. This notwithstanding, home values have consistently risen in Summerland Key and that trend at large is expected to continue through 2021.

Right now, the residential luxury real estate market in Summerland Key is very healthy. For instance, at this time, the median list price in the area stands at approximately $549,000. Presently, the median listing price per square foot is $491, with the median selling price being $550,000, currently. During the year 2020, home values have increased in Summerland Key by about 3.9%. Both economists and industry analysts believe that the upward trajectory will continue throughout 2021.

At this time, the real estate market in Summerland Key is considered to be in favor of sellers and it’s largely regarded as a true sellers’ market. However, there are some detracting factors. For example, the median DOM or days on the market is 113 days in the current climate. That’s an increase from just last month. But, it’s also slightly less than it was last year.

The one unknown element is the near absence of distressed properties, which consist of foreclosures and short sales, due to moratoriums because of the pandemic. The reintroduction of distressed properties might have a negative impact on the overall health of the Summerland Key real estate market.

Lower Keys Real Estate Forecast 2021

The Lower Keys residential real forecast for 2021 should bring added value to properties that will likely outpace the performance of the twelve months of 2020. Being in a highly desirable location, surrounded by the blue waters of the Atlantic Ocean and the Gulf of Mexico, the Lower Keys are a collection of approximately thirty islands, including Little Dock Key, Big Pine Key, Ramrod Key, Lower Sugarloaf Key, Summerland Key, and of course, Key West. Its economy is mostly supported by tourism, because of its climate, weather, scenery, and location. Because of these factors, residential real estate in the Lower Keys has enjoyed a strong historical run. Read on to learn more about Lower Keys' residential real forecast for 2021.

The Lower Keys residential real forecast for 2021 is predicted to bring more value to the homes in the area, with an approximate increase of 6.1% over the course of 2021. Right now, the typical residential home value in the area stands at $632,585, which represents an increase of 2.8% over the previous year. By the end of this year, the average home value will rise to about $671,172.

However, these estimates are predicated on a stable housing market in the Lower Florida Keys. In other words, these forecasts do not fully account for interruptive events, such as the reintroduction of distressed properties or foreclosures and short sales. Due to the global pandemic, many counties and governments around the country placed a moratorium on rental evictions and residential foreclosures (which also put a stop to any short sales). Since foreclosures and short sales are now almost completely absent from the residential real estate market, they are not having any impact.

The Lower Keys residential real estate market could very well enjoy a robust growth of over six percent throughout 2021. But, this rate of value increase might be tampered with or mitigated if a flood of foreclosures and short sales come onto the market, particularly if in a short period of time. The presence of distressed properties negatively impacts home values, since these residences are offered at substantial discounts.

Although, if foreclosures and short sales do not flood in at once, the Lower Keys residential real estate market could absorb the interruption, making it only minimal in its effects. As it stands now, the Lower Keys real estate market will experience solid growth throughout the new year.

Lower Keys Cost Of Living 2021

The Lower Keys' cost of living for 2021 should equate to the approximate amount of 2019. Given the current set of circumstances, and adjusted slightly for inflation, the cost of living in the Lower Florida Keys will remain relatively expensive but still affordable in some aspects. Read on to learn more about the cost of living in the Lower Florida Keys and what to expect in 2021.

The Lower Keys' cost of living for 2021 probably won’t significantly change from 2019. At this time, the cost of living in the Lower Florida Keys -- particularly on Key West -- is more expensive than living just about anywhere else on the mainland peninsula. Using a baseline score of 100 as the national average, anything above is more expensive, while anything lower is less expensive. Here’s a quick breakdown:

•Transportation is the least expensive cost, with a score of 70.

•Utilities score 99 in the Lower Keys on the scale.

•Miscellaneous costs for odds and ends score 107 in the Lower Keys.

•Groceries come in at a score of 114 in the Lower Keys.

•Healthcare scores 145 in the Lower Keys.

•Housing is the single biggest expense, with a score of 274.

Of course, living on an island is part of the reason, as the cost to transport goods costs more, as does the higher costs of construction. The median home cost in the Lower Keys is approximately $634,000, which is more than the statewide average of $237,000 and the countrywide average of $231,000.

Lower Keys Lifestyle

The Lower Keys lifestyle offers a lot more than one would expect. In fact, the Lower Keys have plenty of surprises in store for visitors and residents alike. Although famous for its party atmosphere, there's a lot more to the islands than one would probably suppose. So, read on to learn more about the lifestyle to expect in the Lower Florida Keys.

The Lower Keys lifestyle is definitely one that needs to be experienced in order to be believed. When you live in the lower Florida Keys, you'll be on island time. Meaning things move slower down here but they're still plenty to see and do.

For example, although water sports is probably what first comes to mind, there are plenty of arts and culture throughout the island archipelago. What's more, there are all kinds of live entertainment to enjoy, of course along with its nightlife. However, if you like things that are, if you will, more low-key, you can find them here in the Lower Florida Keys. So, if you'd rather relax on the beach or take in a museum, or bike along the trail, it's all here.

The weather is simply fantastic, regardless of the season. Summers are definitely balmy but breezy while spring and fall are downright terrific better still, winters are pretty much non-existent which means you can enjoy the outdoors almost every day of the year. Bike, fish, boat, snorkel, run, kayak, paddleboard, or take a live show. Whatever it is you like to do, you'll find it here in the Lower Florida Keys.

Things To Consider When Choosing A Property Manager

The things to consider when tuning a property manager are obviously more up than just the cost. After all, if you find the least expensive service, and it doesn't deliver, particularly when most needed, that's money simply wasted. Conversely, just because a property management team charges a premium rate, doesn't mean they deliver a premium experience. So, it's important to know what's most important when hiring a property management firm.

The most important thing to consider when choosing a property manager is their track record. Professional firms will gladly give you their history because they know it's one of the best ways to land new business. Whether it's an individual running a small team, or a multi-person firm, they will most definitely want you to know they have a history of success.

Of course, a good track record isn't the only quality you should look for. Another is their rate. Generally speaking, property managers charge 10 percent. However, this isn't always the case, and might charge slightly more or less, depending on the circumstances.

Another consideration is the scale. Will this property management service be able to handle more than you're currently bringing to them? Even if it's a smaller size team, their history will reveal if they can handle more properties than what you have now.

Lastly, you'll want a property manager that has plenty of experience, and a well-trained team, that has a proven record of results. they should also have experience with different types of properties, including single-family, multifamily, and maybe even other kinds of properties, such as commercial.

Lower Keys Cost of Living 2020

The Lower Keys' cost of living in 2020 is actually more affordable than people think. In fact, there are a few surprises when it comes to how inexpensive it is, in some key categories. Of course, housing is an exception because of its highly desirable location. So, read on to learn more about the Lower Keys' cost of living in 2020.

The Lower Keys' cost of living in 2020 isn’t nearly as high as one would expect. Sure, there are expenses that are higher than the national average, but these only represent two of the six. Speaking of a national average, we’ll use a baseline of 100 as the national average. Anything below is less expensive, while any score above is more expensive. Here’s how it breaks down:

  1. Transportation. Getting around this tropical island paradise is quite affordable. The Lower Keys earns a score of 77, which is both below the national average and the statewide score.
  2. Utilities. Keeping the house cool (or briefly warm) isn’t as costly as you might think. The Lower Keys score is 99, below the national figure.
  3. Groceries. Since the Lower Keys are a collection of islands, shipping logistics work a bit differently. That means the cost of food is a bit more expensive, but not much, with a score of 102.
  4. Miscellaneous. For odds and ends, the Lower Keys score right around 107, which is only slightly above the national average. It’s merely a tad more.
  5. Healthcare. Coming in with a score of 152, the cost of healthcare in the Lower Keys is more than the national average.

Lastly, housing in the Lower Keys is the most expensive cost of living, with a score of just over 320.

Why Luxury Homes make Better Rentals

Why do luxury homes make better rentals than their traditional counterparts? There's no question a regular, single-family house can generate a nice passive income. However, luxury homes do perform better in this investment avenue, and for several reasons. One is obviously the fact that they are more high-end. Another is that they are typically in highly desirable locations. But these two reasons aren't the only ones as to why luxury homes make better rental properties.

Luxury houses make better rental properties for several reasons. First and foremost are the high-end quality, creature comforts, and superior functionality. In other words, people are willing to pay more -- it's just that simple. This is not to mention the fact that with luxury rentals, it's often not the renter him or herself that is making the lease payments. Instead, it's usually a large corporation, which is another reason luxury homes outperform others in the rental market. Their revenues come from steadily paying, reliable sources.

Then, there's the matter of location. Obviously, luxury residences are usually located in highly desirable communities. This allows the property investor to charge a top rate because the renters are getting the best of the best. renters are in more secure, safe, and friendly neighborhoods than they would be in just a regular single-family house.

Additionally, there's the resale factor. This means when it's time to sell, the property will have gained even more value over time. Therefore, it's often possible to sell for a larger margin, and that doesn't even include the rental income that it's generated in the meantime.

When To Use a Real Estate Attorney for a Closing

When do you use a real estate attorney for a closing? Well, the answers probably won't be obvious right away, that is until you get well into the process. In other words, if the property and question have any legal issues or ramifications, it's best to go with a real estate attorney rather than a title agency for closing. This way, you'll be in the know and be able to resolve any legal issues. Read on to learn more about when to use a real estate attorney for closing.

It's best to use a real estate lawyer for a real estate settlement when there is any hint of legal complication. Here are a few scenarios when it's best to have an experienced real estate attorney handle the closing process:

  1.  When it’s an inherited home being passed to a beneficiary. Probate law might not be the most exciting thing, but several legal issues can easily arise, especially when it involves an inherited home and there is more than one survivor/beneficiary.
  2.  When the property is zoned for mixed-use or multi-purpose. If a property is classified as commercial and residential, you are much better off having a real estate lawyer handle the transaction.
  3.  When the property will be placed into a trust. Setting up a trust and placing property into it will require the expertise of a lawyer that is well-versed in real estate and related law.
  4.  When there are current or previous liens on the property. If there are any liens on the property or there have been previous encumbrances, many different problems can hold up the sale, and even bring it to an abrupt end. An attorney will be the one to best advise you on your best interests.

Tax Advantages of Owning a Vacation Rental

Tax advantages of owning a vacation rental help to make the investment all the more worthwhile. In fact, tax breaks are part of what gets people to acquire vacation rentals, improving their new passive income streams. Read on to learn more about the tax benefits of owning a vacation rental and what you should know about them.

Tax advantages of owning a vacation rental come in a variety of forms. They not only apply to federal income tax but also, at the state and local levels. Plus, owning a vacation rental means adding to your overall income and net worth. Here are three of the biggest advantages when it comes to taxes of owning a vacation rental property:

  1. Carry costs. Insurance, property taxes, routine maintenance, repairs, improvements, and many other expenses can qualify you for tax breaks. Being able to set these costs aside only enhances and increases your net passive income through owning a vacation rental property.
  2. State taxes. Here’s another huge tax benefit of owning a vacation rental home (that is if you live in a state like Florida). If you own and reside in a state without a state income tax, that too increases your net income flow from the rental property.
  3. Depreciation. Of course, it’s possible to apply depreciation to real property, and might too be applicable to your vacation rental property.

Obviously, this isn’t an exhaustive list. Be sure to speak with a reputable and experienced tax professional to learn more about the tax advantages of owning a vacation rental.

Tips on Furnishing a Lower Keys Rental Home

Tips on furnishing a Lower Keys rental home can really prove helpful -- especially when you don’t know where to begin or have run out of ideas. Truth be told, it’s important to furnish a Lower Keys home in a way that not only provides style, but ample function, and fits into the lifestyle and scenery. Read on to learn more about how to furnish a Lower Keys rental home in order to squeeze out the best return on investment.

Tips on furnishing a Lower Keys rental home will help you make the right choices. For instance, it’s critical to get the right look in order to appeal to the largest number of potential renters. Otherwise, competing properties will stand out and that means having to make other arrangements or adjustments, which can cost a lot of time and money.

When you furnish any rental property, you want to make sure that it serves two key purposes: it’s functional and it’s aesthetically pleasing. Of course, that’s easier said than done. But, if you look on the internet, you’ll find a whole host of ideas.

For a rental home in the Lower Keys, you need to incorporate the surrounding scenery and harness the power of natural sunlight. Go with light colors to give it a larger sense of space and to fit in with the natural landscape.

Also, choose multifunctional furniture that can serve more than just one purpose. Additionally, go with a cloth or synthetic rather than leather because the latter will only fade and crack.

Lower Keys Fishing

Lower Keys fishing -- three words that inspire the newest angler to the most experienced fish wrangler. This is due to the fact that the Lower Keys are home to many different species and varieties of fish. It's not only the weather, and the subtropical climate that attracts people to the Florida Keys, but the plethora of outdoor recreational opportunities. Read on to learn more about fishing in the Lower Keys.

Lower Keys fishing offers something for everyone, from the most inexperienced to the most ardent angler. Here, there are so many different choices to choose from, including sportfishing, and casual, relaxing shoreline angling.

located at the southernmost point of the United States, the lower Florida Keys complete the island archipelago that starts just off the coast of Miami and extends down to Key West. Surrounded by the Gulf of Mexico on one side, and the Atlantic Ocean on the other, there is plenty of fish to go after.

Spend the day waiting in shallow Waters, taking your time, enjoying the beautiful weather, wow catching a few fish. Or, sent out on the waves a little ways away from the shoreline and go after some bigger catches. For those who really liked adventure on the water, sportfishing, and deep-water fishing, are also exciting options.

What's more, it's available almost every single day of the year. After all, it's named the Sunshine State for a reason and fishermen of all skill levels come here to take advantage of it all.

Financing a Vacation Rental

Financing a vacation rental is different from financing a primary residence. This is due to the fact that if borrower experiences financial difficulties or hardships, they are more likely to keep paying their primary home mortgages than those on vacation properties or investment properties. But, there are ways to finance a vacation rental. Read on to learn more about how to finance a vacation rental property and what you need to know.

Financing a vacation rental means you’ll likely face larger commitments upfront. However, this isn’t to say that financing a vacation rental is totally out of reach. It’s not only possible, it’s something a lot of people do but must understand the basics before signing on the dotted line.

In order to finance a vacation rental house, you’ll need to determine exactly what you can afford. You’ll also have to select a highly desirable location to keep it occupied as much as possible.

As for the nuts and bolts of financing a vacation rental home, you’ll need the following:

  1. A down payment. Generally, this will range from 20 to 30 percent but could be a bit more, in some cases.
  2. Good credit. The borrower should have pretty good credit, usually about 670 or above.
  3. Collateral. Depending on the lender, you’ll need to commit collateral to the vacation rental financing deal. (A personal guarantee might also be necessary.)

Of course, you’ll need to be prepared to pay carry costs, like the mortgage, insurance, property taxes, and maintenance during any vacancies. (But, you can write off most of these expenses.)

Lower Keys Recreation

Lower Keys recreation is jam-packed with all kinds of things to see and do. In fact, there’s no shortage of experiences to enjoy in the Lower Florida Keys, regardless of what you like most. And, that’s the great thing about living in the Florida Keys, there is always something to see, do, and experience. Read on to learn more about the recreational opportunities in the Lower Florida Keys.

Lower Keys recreation is (obviously) most centered around the surf and water. But, not everything is on the shoreline or out at sea. This is a misconception that people have about the Lower Keys. It’s actually got plenty more to offer.

The Lower Florida Keys are most famous for Key West, which is, of course, the southernmost point of the country. Situated between the Gulf of Mexico and the Atlantic Ocean, the Lower Keys are actually comprised of dozens of islands. With such spectacular weather, the area is a wonderful place to visit and even better to call home. Here are the top recreational opportunities in the Lower Florida Keys:

  1.  Enjoy the water. Sail, fish, paddleboard, kayak, scuba, snorkel, or just wade along the shore. The water certainly has a lot to offer and it’s here to enjoy, just about every single day of the year.
  2. Take in some entertainment. The Florida Keys are also quite well known for having a party atmosphere. And, the Lower Keys definitely delivers on this front. See live entertainment and enjoy the moments.
  3. Arts and culture. Of course, the Lower Keys also has plenty of arts and culture to enjoy.

Tax Advantages of a Vacation Rental Home

There are several tax advantages to owning a vacation rental home. in fact, the tax benefits of owning a vacation rental property are one of the primary reasons investors choose this type of opportunity. Real estate is obviously one of the best investments available to the public, outside of well-performing, long-established mutual funds. Read on to learn more about the tax advantages of owning a vacation rental home.

The tax advantages of owning a vacation rental property are one of the most compelling reasons to invest in residential real estate.

Of course, real property has a very long track record of producing a strong return on investment. There have been very few times in history when residential real estate experienced a decline in value. Even during those times, it was mostly indicative of a much-needed correction, rather than due to other factors.

Now, let's take a quick look at some of the tax benefits of owning a vacation property:

  1. Operating or carrying costs. Obviously, the cost of routine maintenance expenses, or what's referred to as carrying or operation costs, is tax-deductible.
  2. Depreciation. Vacation property owners can also depreciate their real estate investments over a period of years, thus reducing their tax liabilities.
  3. Miscellaneous. There are also other miscellaneous types of tax benefits to owning a vacation rental that is not directly attributable to the property itself.

As you can plainly see, there are several tax benefits to owning a vacation rental property. Be sure to consult a tax professional when investing in real estate to know all the specifics.

Benefits of Owning a Lower Keys Rental in 2020

The benefits of owning a Lower Keys rental are numerous. In fact, there are so many reasons to own a rental property in the Lower Keys, we'll just stick with three of the most compelling. When it comes to owning a rental property, it's best to maximize you'll return on investment by selecting a highly desirable location. The Lower Keys fit that description and that's why there are some distinct advantages of owning a Lower Keys rental property.

The benefits of owning a Lower Keys rental manifest in different ways. With its terrific weather, many things to see and do, and beautiful scenery, the Lower Keys make for an ideal location in which to own income property. Here are three of the biggest benefits of owning Lower Keys rental property:

  1. Passive Income. Owning a rental house memes the ability to generate a passive income, one that you can enjoy for many years to come. And, because this is a vacation destination, you are able to charge a premium price for rent, which makes it hey huge financial benefit.
  2. Wealth-building. Speaking of being financially beneficial, owning a real property means you're building wealth, as the property gains equity and appreciation. Moreover, appreciation in the Lower Keys is very strong, precisely because of its highly desirable location.
  3. Dedicated Vacation Spot. Owning a rental property in the Lower Florida Keys means having on-demand access to a vacation spot whenever you desire. There's no need to scramble to find accommodations because you have a home away from home.

Things to Do in the Lower Keys

There are a plethora of things to do in the Lower Keys. Unsurprisingly, most have to do with the outdoors and the water. (Okay, also the location and climate.) In fact, there’s something for just about everyone in the Lower Florida Keys. Read on to learn more about the best things to see and do in the Lower Keys.

The most awesome things to do in the Lower Keys include literally scores of activities. Comprised of more than thirty small islands or keys, the Lower Florida Keys including Big Torch Key, No Name Key, Summerland Key, Sugarloaf Key, Knockemdown Key, Cudjoe Key, and of course, Key West -- obviously the most well-known island in all of the Florida Keys.

Located in the southernmost portion of the United States, situated between the Gulf of Mexico and the Atlantic Ocean, the Lower Keys have plenty to offer. Here are some of the top things to do in the Lower Keys:

  1. Fishing. There’s no question some of the best fishing in the country is right here in the Lower Florida Keys. Come and test your angling skills or just enjoy a day of adventure on the water.
  2. Sailing and boating. Of course, sailing and powerboating are two of the most beloved activities in the Lower Keys.
  3. Snorkel and scuba. Since we’ve so far concentrated on the water, let’s take a moment to mention snorkeling and scuba diving.
  4. Live entertainment. The Lower Keys are famous or infamous for being a great place for live entertainment and it lives up to its reputation.

Tips on Decorating a Rental Home in the Keys

Decorating a rental home in the Keys is a bit different than it is practically in any other location. (Even in destination spots on beaches elsewhere.) The fact of the matter is, decorating a rental home in the Keys requires a combination of tips and tricks to do it right. So, read on to learn more about how to go about decorating a rental home in the Florida Keys.

Decorating a rental home in the Keys presents a bit of a challenge because the market includes a lot of competition. With hundreds of thousands to millions of annual visitors, the Florida Keys have many rental properties -- both short-term and long-term. Which means you have to stand out from the crowd. Or, at the very least, not get totally lost in the shuffle. Here are some of the best tips for decorating a rental home in the Keys you can use:

  1. Stage it like a model. Here’s a quick exercise -- think about it like a hotel room or a model home built in new neighborhood development. You need to provide a little beauty and a whole lot of functions. Don’t overdo the eye candy and skimp on the practical stuff.
  2.  Blend it with the landscape. Obviously being in the Keys means ocean and maritime themes. But again, don’t overdo it. Keep it simple, cheerful, and minimal.
  3. Let the light shine in. People come to the Keys to soak up the sun and that’s precisely what you need in the space. Let the sunshine work its magic.

The Importance of Choosing the Best Agent to Manage Your Home Rental

The importance of choosing the best agent to manage your home rental cannot be understated. In other words, to make a rental house truly work to generate a return on investment, having the right person in place is key to success. Without this individual, the challenges of owner-management become a hard reality. Read on to learn more about the importance of choosing the best agent to manage your home rental.

The importance of choosing the best agent to manage your home rental is a key part of earning a passive income. Without this person, you’ll have to take on the responsibility and that means more time and effort. Here’s why it’s so critical to choose the right agent to manage a rental property:

  1. Collecting Rent. Not just collecting the rent, but collecting it on time. These professionals know how to set up their tenant relationship so they pay on time, every month.
  2. It Creates Longer Rental Situations. A professional rental manager understands the need for first-rate tenant customer service and delivers it consistently in order to gain longer rental periods due to tenant satisfaction.
  3. Keeps the Property in Good Condition. Another big advantage of having a good rental home manager is keeping an eye on the property. Not just checking in, but actively keeping it in good condition.


Also, an experienced agent who manages a rental home knows how to screen tenants will conduct regular inspections, and will also deal with evictions, if necessary. For these and more reasons, it’s vital to choose the best agent to manage a rental.

Advantages of Owning a Lower Keys Vacation Rental

The advantages of owning a Lower Keys vacation rental are numerous. In fact, it’s difficult to list all the benefits. So, we’ll take a look at the best of the best and why it’s a great financial and personal well-being investment to own a vacation rental in the Lower Florida Keys.

The advantages of owning a Lower Keys vacation rental are real; and, in more ways than one (or two or three or more). Here are the biggest benefits of owning a vacation rental house in the Lower Florida Keys you should know about:

  1. You own real property. What's great about owning real estate is that it’s tangible and in the Lower Keys, the land is becoming more and more sparse. Meaning, it will only increase in value as time goes on over the years.
  2. There are tax benefits. Of course, there are several write-offs that come with owning real estate and owning it in the Lower Florida Keys makes it all the better.
  3. It earns a passive income. The Lower Keys rely heavily on tourism for the health of the economy. So, you’ll have a passive income streaming in, since it’s such a popular vacation spot.
  4. You have a dedicated vacation spot. Speaking of vacation, you’ll have a dedicated place to stay when you want to get away. No have to make arrangements and hunt down the right deal.

As you can see, there is much to love about owning a vacation rental house in the Lower Florida Keys.

Summerland Key Real Estate Market Conditions

Summerland Key real estate market conditions are currently better for buyers than sellers. But, the balance could well return in the next few to several months. The Summerland Key real estate market is one which has performed quite well over the past several years and experts expect this trend to continue into the future. Let’s take a little more of a look into the Summerland Key real estate market and what to expect.

The Summerland Key real estate market right now does favor buyers over sellers. But, this certainly isn’t to say sellers are completely out of luck. Although the Summerland Key real estate market does give buyers a bit of an advantage, the reality of its location still gives sellers more power.

Right now, the Summerland Key real estate market has a median home value of $613,500. This represents an increase of an astounding 11.5 percent over the course of the last year.

Additionally, real estate industry experts and economists alike forecast the Summerland Key real estate market to increase by nearly 6 percent within the next year.

At this time, the median list price per square foot in the Summerland Key real estate market stands at $516. This is actually less than the Key West Metro area price of $518 per square foot.

Meanwhile, the median list price of homes in the Summerland Key real estate market is at $699,000. However, the median selling price is $624,400.

Currently, 3.8 percent of mortgages are delinquent, which is markedly above the national number of 1.1 percent.

Do You Need To Purchase Income Property? What's Your Strategy?

Smart investors understand the benefits of real estate property investments among the elements of their global strategy. Some of them partner with other investors in larger projects where they allow others to consider critical decisions. Some investors, however, intend to make their particular decisions, hence they choose to purchase smaller projects that don't require such partnerships.

Before acquiring an income property, an investor should carefully consider which is the best tactic to follow regarding income, pricing, and also other similar issues. The first thing to do would be to examine the possibility of property in order to estimate its return on investment. This means you have to look at the purchasing price, and then see what percentage you're planning to receive on a yearly basis when you deduct the ongoing expenses example mortgage repayments, utilities, insurance, taxes, etc). Different investors could have different opinions and beliefs regarding exactly what the optimal percentage needs to be. Nonetheless, I believe that a 6% net is a fairly good figure to focus on. Let's take a good look at the four key elements essential for making this decision.

1. Learn as much as you are able to relate to your market. Pricing isn't a random choice, therefore you should evaluate what will be a realistic range, in line with the competition and out there conditions. You should also be aware of the implications of your respective pricing policy choice. If you prefer pricing in the upper end, you might earn more, but you also expose yourself to ultimately risks. Pricing too low may generate way too little revenue being worthwhile. In certain situations, you might find the middle range is the best way to go, but this isn't always true.

2. The initial option: Pricing at the upper end of your respective market. Setting the greatest price and receiving the most out of your property may be the dream of every investor. Nonetheless, you must know you'll either need more time for you to find clients or you'll never find any clients whatsoever. When you are performing the math, you should consider a 75% correction of your respective total estimated revenue, to help make up for that vacancy period. If you reach 6%, you are able to give this choice a try.

3. Your second option: Pricing at the cheapest end of your market. In this instance, you'll probably enjoy high occupancy rates. Nonetheless, this pricing policy may attract lower-quality tenants. Furthermore, you'll have less flexibility as a property owner. I like to price my properties from the lower half if it enables me to get premium-quality tenants. It is a gamble, however, it has proven to work nicely in my opinion.

4. Your third option: Pricing at the center. This could be the ideal compromise, but you need to keep watch over the marketplace and then try to screen your tenants eff

Big Pine Key Cost of Living

The Big Pine Key cost of living isn’t as expensive as one would think. Sure, it does cost more to live in this subtropical paradise, but that’s to be expected. However, it should duly be noted, it’s relatively not out of reach. In other words, the cost of living in Big Pine Key is right in line with many other highly desirable areas in the southeast. So, let’s take a quick look at the cost of living in Big Pine Key.

The Big Pine Key cost of living does not make it a pipe dream for those wanting to relocate. In fact, Big Pine Key offers too much. So much, it does offset some of the costs.

Located approximately 100 miles south of Miami and about 30 miles north of Key West, Big Pine Key is a small community, home to about 5,000 residents. Here, residents and visitors alike enjoy many outdoor recreational activities and some of the greatest scenery in the country. Now, here’s a short breakdown of the cost of living in Big Pine Key, using a national average baseline of 100:

  1. Utilities. The cost of utilities on Big Pine Key comes in at just over 99, with the Florida statewide average of 101.
  2.  Transportation. Getting around in Big Pine Key comes in at a cost of just under 102, that’s more affordable than the statewide number of 130.
  3. Groceries. Food scores 113, compared to the state number of 101.5, making it slightly more expensive.

Lastly, the cost of healthcare stands at 152, with housing at 213, compared to Florida’s cost of 119.

Advantages of Owning a Rental Home in the Lower Keys

The advantages of owning a rental home in the Lower Florida Keys are can’t be ignored. In fact, this is one of the best wealth-building strategies because it involves two key ingredients: desirable location and fantastic weather. Yep, that’s right. And, it’s why savvy investors chose to put their money.

There are several benefits of owning a rental home in the Lower Florida Keys. Sure, it’s in a great location. But, there’s more to it than that. While there are certainly financial benefits to owning a rental home in the Lower Florida Keys, there are other advantages, as well:

  1. Real estate is real property. Okay, that might sound redundant but it’s meant to make a point. Commodities and other investments are either intangible or unstable. But, real estate is tangible. And, it boasts a long history of gaining value.
  2. Tax write-offs. Of course, when you own a rental home, you can write off certain expenses, including insurance, maintenance, and more. Depending on how much you rent it out and use it personally will determine just how many tax benefits you receive.
  3. Future purchase leverage. If you own a rental home, you can use it as leverage to collateralize another purchase in the future.
  4. Passive income stream. Another big benefit of owning a rental home is the fact it creates a passive income stream.

Home away from home. Perhaps one of the best things about owning a rental property is the fact you have a dedicated place to stay when vacationing.

Benefits Of Owning A Vacation Rental In The Lower Keys

The benefits of owning a vacation rental in the Lower Florida Keys are inarguable. In other words, there are far more upsides than downsides. While there are some cons, the advantages greatly outway them. So, let’s take a look at the benefits of owning a vacation rental in the Lower Florida Keys.

The advantages of owning a vacation rental property in the Lower Keys make it a terrific investment opportunity. A vacation rental property provides many financial benefits, but there are other supplemental benefits, as well. Here’s a quick look at the benefits of owning a vacation rental property in the Lower Keys:

  1. It’s real property. Meaning, when you own it, the land and its improvements add to your portfolio. Which also means you’re building wealth through appreciation in the form of growth equity. Over time, as you pay off the mortgage, your equity position improves.
  2. Tax and leverage benefits. It’s not just the appreciation that ultimately helps your bottom line. Owning a vacation rental means having access to key tax breaks, too. Plus, you can also use the vacation rental to further expand your real estate portfolio and purchase another property.
  3. Create a passive income. There are literally millions of visitors to the Florida Keys each year. And, that translates directly into a passive income through premium rental rates.
  4. It’s a dedicated vacation spot. Owning a vacation rental also means you can get away when you like and not have to deal with the aggravation of finding accommodations.

Choosing Your Mortgage Loan Carefully

Buying a home is a very important financial decision that needs to be taken with caution. The most important part of buying a home is choosing a suitable mortgage that you find easy to pay back by remaining current on it. There are several mortgage loans that you can choose from. Read on to know about the major kinds of a mortgage in greater detail.

1. Fixed-rate mortgage (FRM) – This is the traditional type of mortgage. In this kind of mortgage loan, the interest that the lender offers you remains the same throughout the lifetime of the loan. Depending upon the term of the loan that you choose which can be 10 years, 15 years, 20 years, 30 years, 40 years, and even 50 years, the interest rate will be decided which will finally calculate the final amount of your mortgage. Whatever loan term you use, the interest rate remains the same throughput thus giving you stability in your finances.

2. An adjustable-rate mortgage (ARM) – In this kind of mortgage loan, the interest rate on your mortgage keeps changing as per the market interest rate. This means that your monthly mortgage payments will rise and fall in accordance with the market mortgage rates. Although you get to make very low-interest payments if the market mortgage rate is very low in a span of several years it is likely to rise thus you have to make more payments then. 

3. FHA mortgage – These are loans that are insured by the government with mortgage insurance and the payment amount of the insurance is funded into the loan. If you are a first-time home buyer then FHA loans are ideal for you since the requirement of a down payment is very less and FICO credit scores are not taken into consideration.

4. VA loans – This is a type of government loan that is available for veterans who have served in the Armed Services of the U.S. and in some cases even the spouse of the deceased veterans. The requirements for this loan vary as per the amount of time service was rendered and how honorable the discharge was. The major benefit that can be got from a VA loan is that it does not require a down payment. The loans are funded by a conventional lender and guaranteed by the Department of Veteran Affairs.

Thus you can see the four main kinds of mortgage loans that can help you in buying a home.

Good Home Security Tips

When it comes to home security, many people simply do not possess the right knowledge to make their home safe. Without this knowledge, homeowners may not be able to properly protect their homes and belongings from intruders. This piece will give you important home security information to help ensure your home is as safe as possible.

If you are a female and living alone, it's understandable that you may feel afraid about home invasions. People are more likely to try to take advantage of women. Try placing a pair of big, muddy boots on your front step to give the appearance of a man staying in the house.

The company you choose to purchase and install your home security system is important. You want to make sure the company has the most reliable system and knows what they are doing when it comes to installation. To find a good company, ask friends and family or look for online reviews

A survey taken by police officials reveals that 85 percent of them believe a home is more protected when equipped with a security system. Also, 60 percent of attempted burglaries are unsuccessful when the targeted home has a security system. For this reason, home insurance companies give a discount if the home has a security system.

Having a dog can deter burglars. Even the little dogs that make a lot of noise can be effective. Most burglars dislike drawing attention to their presence. That said, trained guard dogs aren't usually good pets. Attack training and obedience training are two different things. Any house pets should only have obedience training.

As you can tell by reading this article, there is a lot of important information out there when it comes to securing your home. You need to know what it really takes so that you can prevent intruders from entering your home. Use the above tips as your guide to securing your home.

The Advantages of Solar Energy at Home

As energy prices continue to rise, many people are looking for ways to reduce their energy usage and otherwise save money on their utility bills. One option that can help you reduce the cost of energy is using solar energy at home. If you are interested in learning more about this possibility, the following article will list some of the advantages of solar power.

In many cases, the cost of solar energy is now competitive with that produced from traditional sources such as coal or natural gas. One advantage of using solar energy is that the cost primarily involves the installation and maintenance of the panels. Once they are installed, you do not have to pay for the sunlight. If you can get a grant or credit from the government for installing your panels, your cost will be even lower.

While many people believe that solar panels can only be used on bright, sunny days when the sky is cloudless, this is not the case. Solar panels can continue to operate and produce electricity even when the sky is cloudy and overcast. The energy they produce can also be stored for later use. You can rely on your solar panels to provide you with sufficient electricity throughout the year in most locations.

Unlike coal and other fossil fuels, solar energy is clean and produces no associated pollution or other side effects. Your solar panels do not produce any carbon emissions, so you can feel good that you will no longer be contributing to climate change when you use electricity. You also do not have to worry so much about conserving electricity when you are producing your own energy.

If you produce enough energy from your solar panels, you may even be able to turn a profit by selling your excess energy back to the power companies. In many cases, energy companies will purchase excess electricity from people with solar panels installed on their houses. This can serve to offset much of the cost of installing and maintaining the panels over their lifetime.

If you are tired of getting sticker shock every time that you open your utility bill, it is time to start looking for alternatives to conventional energy sources.  By starting to use solar power in your home, you can save money and gain independence from big energy companies. Once you know how many advantages solar energy has, you will be ready to make the switch right away.

Big Pine Key Real Estate Market

Big Pine Key real estate is a great market to look into, be it for a primary residence or a vacation rental property as a second home. Located in the Lower Florida Keys, nestled around No Name Key and Little Torch Key, Big Pine Key is home to about 5,000+ residents.

And, the Big Pine Key real estate market has quite a bit to offer. Home to National Key Deer Refuge and the Blue Hole (an abandoned rock quarry that serves as a watering hole for wildlife, Big Pine Key has approximately 2,247 households, though it’s just 10 square miles in size.

Big Pine Key Real Estate Market

Big Pine Key is situated in Monroe County, Florida, and it’s not that far away from Key West. It’s one of the more modern islands in the archipelago but still remains largely untouched by development.

Here, residents enjoy a well-stocked grocery store, bait, and tackle shop, a lively bar, pharmacy, hardware store, and more. (There are also specialty shops on Big Pine Key, which offer a variety of boutique and unique products.)

If you are interested in buying a home to live in Big Pine Key or one to rent out for part of the year, you’ll have several options. The median sales price has greatly fluctuated over the past several years.

For instance, the median home price in the middle of June 2013 stood at just a little over $300k. It actually fell over the next few months, with the median price dropping to the low $200s. It’s since rebounded, going back to the low $300s in late 2014 and then climbing to the mid $300s by mid-2016. It spiked in December of that year, reaching over $450,000. But, has since trended downward.

Big Pine Key real estate is a bit more nuanced than other places in the country. Because it’s an island so far away from the mainland, the market dynamics are different.

But, there are some great advantages to living in Big Pine Key in the Lower Keys. For instance, there is no income tax in the state. Plus, since land is scarce, the rate of appreciation is strong. That means building equity at a faster pace, particularly when compared to landlocked properties in less-desirable areas. What’s more, the weather provides the biggest draw. It boasts super mild winters, and gorgeous fall and spring seasons. And, warm, balmy summers. If you’re considering a move to the Florida Keys, Big Pine Key is one serious contender to explore. For help finding Big Pine Key Real Estate, please contact me.

Driving the Lower Florida Keys


Driving the Florida Keys Overseas Highway, Florida’s only official All-American Road is an unforgettable bucket-list adventure. The 127-mile highway features 42 bridges over endless blue water — connecting the Florida Keys together. Get "back to nature" in Big Pine Keys & The Lower Keys.

 

The Florida Keys Art and Culture Scene

as a destination centered around diving and other water sports, the Florida Keys is also a surprising hub of art and cultural expression. Certainly, the history of the Keys dating to the 16th Century is quite colorful, but from the 1930s up to the present, the Keys have been home to countless writers, artists, actors, and naturalists. A, for instance, Ernest Hemingway, lived in Key West during the 30s and wrote of his several books while a resident. Jimmy Buffet, famous for Margaritaville also has called The Florida Keys his home.

Other famous writers such as Tennessee Williams and Robert Frost both lived and frequently

visited Key West. What about Art? The Keys are also home to numerous art festivals, such as the Pigeon Key Art Festival, the Key West Craft Show, and the Old Island Days Art Festival. Formal art galleries of all types abound from Key Largo all the way to Key West. Key West also offers another gem, The Tropic Cinema, South Florida's only independent film multiplex.

If it’s history, then there’s the Audubon House & Tropical Gardens and the Key West Art & History Museum located at the Customs House. If you love the theatre, then there are numerous performing arts venues featuring local thespian talent as well as actors from New York and California enjoying the Keys while performing at various theaters throughout the islands. The string of pearls called the Keys has art and culture in abundance with the best weather in the country. Come to join us!