As you may know, I was born and raised in Fort Lauderdale and have a real passion for this city. From a real estate standpoint, it is my favorite city to work in because it’s such a great place to invest, I know my clients will do well purchasing here. Here are five reasons that now’s a great time to buy in Fort Lauderdale.
Continued Growth and Investment
Cranes are all over downtown Fort Lauderdale and the beach area, as well as other cities throughout the county. You see All Aboard Florida building its Brightline train station in Flagler Village. The FLL Airport was recently expanded with a new runway and the Port has recently had new features added and is on track for an expansion, as well. If EVERYONE else is investing including public and private entities, why wouldn’t you? And why not do it now before all of these features are in place and values go up even further?
Buying is Still a Better Deal than Renting
With rental prices being relatively high in Fort Lauderdale, it’s better now to buy then rent, you will lock in a better monthly housing payment for yourself while building equity. If you aren’t in a position to buy right now, start saving ASAP and taking care of any issues that might impede you from buying, such as your credit report or if you have a high debt load.
Prices Have Been Going Up
Home prices have been steadily increasing since the market bottomed out a few years ago. It’s a good investment to buy now and sell later when the home has more value. Also, buying now versus later will allow you to make a profit.
Food! and Fun
Fort Lauderdale has a reputation as being a great place for foodies, with so many amazing restaurants and bars. New places are being added all of the time so whether you want authentic barbeque, sushi, Asian fusion, comfort food, Italian, Vietnamese, Peruvian, Colombian and the list goes on and on and on. We are all about the food around here.
Jobs, Jobs, Jobs
When you buy a home, it’s an investment in a community. It doesn’t mean you can never leave, but you want to be somewhere that you know you can find a job if something happens with your current employment. Fort Lauderdale has been leading South Florida and much of the state and nation in job growth. It’s also a very entrepreneur-friendly area and has been listed as the second best place in the nation to start a business. Buying a home in an area with a strong economy is a no-brainer.
Thinking of buying? Well, now is the time. Please let me know if my team can help in your search.