Does the idea of a getaway apartment appeal to you? If yes, you should know that it’s best to have this property in a conducive location. Well, Naples to the rescue!
Naples beachfront condos are prized assets in the Florida real estate market. Do you know why? The white-sand beaches, aqua blue oceans, and dazzling sunsets of this seashore city make it ideal for a vacation.
With these attributes, tourists are sure to flock to Naples during the holidays. And when they do so, your apartment rental in Naples, FL, will be in high demand. That’s another benefit of owning oceanfront condos.
However, there are some downsides to owning beachfront condos in Naples. In the following paragraphs, we highlight the reasons and reasons not to become a condo owner in one of the most acceptable metropolitan cities.
Reasons to Buy a Beachfront Condo in Naples, FL
1. Beachfront Condos Are a Fantastic Investment
Coastline condos are costly to acquire, but they also offer more value than traditional real estate investments. Unlike other properties that may go out of style, your condo will be in fashion for ages. As such, you can generate significant income from your oceanfront condo for a very long while.
Suppose you decide to sell at any time. Your beachfront condo will be worth more than a bigger condo not built on the beach. And this growth isn’t the typical appreciation associated with real estate properties.
Tidal condos consistently outperform expectations! After all, there’s a limited number of choice condos out there, and everyone wants one.
2. It May Provide Passive Income
Should you decide to, your beachfront resort can be a consistent source of passive income for eternity.
Tourists and vacationers always prefer a place where they can fully unwind, and nothing beats a luxurious suite before one of Naples’ magnificent beaches.
You must optimize this advantage of condos in Naples. Why? The coastal city has always made its primary revenue from tourism, so expect that you’ll get many lease requests every year.
Apart from the beaches, Naples is close to the Ten Thousand Islands and Everglades. Therefore, it’s famous among ecotourists too. Wherever your condo is located in this glorious city, there’s a high possibility that rents will cover expenses and leave you with extra gains.
3. Your Lifetime Ticket to Vacations
Naples, like any other places, has the off-peak months when tourist flow starts trickling. So, if you find solitary vacations detoxifying, your beachfront condo offers you a readily available ticket to getaways. You can go with the whole family too; the choice is yours.
If you’ve had to plan a family vacation for weeks without much success, you’ll appreciate a scenario where you don’t have to bother with accommodation fees or booking. Do you know what’s better?
You can always father the maintenance fees for your Naples beachfront condos through rents from trippers.
4. You May Make the Condo Your Home
Mostly, beachfront condos are for holidays, but they are vastly versatile. Therefore, you may choose to make yours a full-time residence for you and yours.
However, we advise settling for the best beachfront condos in Naples for optimum versatility. Some condos can be too technical to make a family home.
Reasons Not to Buy a Beachfront Condo in Naples, FL
1. Oceanfront Properties Are Prone to Natural Disasters
Coastal plains are synonymous with cyclones and destructive downpours. And should your property find itself in the path of a hurricane, the storm will cause significant damage.
While it’s true that the HOA handles outdoor damages like roofing and landscaping, and all you have to do is repair the interior cracks, we must mention that they may be costly too.
However, it’s worth noting that beachfront condos in Naples are relatively less vulnerable to such damages.
2. Mold and Mildew
Humidity and salty ocean air are two factors that facilitate mold growth. Therefore, mold spreads quickly in oceanfront condos, unlike how it does in inland properties. Initially, this problem may seem minor, but you’ll soon realize its severity.
If you choose to ignore mold growth in your condo, it’ll only take a few weeks to find the fungus on every surface in your apartment. Yet, you must keep in mind that condos are mostly for vacations. Keeping a close eye on the situation is challenging.
On the other hand, if you’re keen on suppressing mold and mildew, it’ll take a fortune to keep the property completely free. It’s a difficult situation to find yourself.
3. Renters Can Cause Some Damage
Unlike a regular rental property that’s in the control of a particular renter, various persons will be in charge of your coastline condo from time to time — should you choose to let it out. As such, the latter is more vulnerable to damage. You may know why.
For a start, it’s impossible to conduct a thorough background check on everyone who approaches you for a lease. Therefore, the possibility of handing the property over to the wrong person is considerably high. You may choose to use a property management company, but that costs extra cash.
We must also mention that the interior décor will deface due to constant change of hands. Additionally, condo renters are often partying. A drunk person can only do so much before causing damage.
Loud parties in your condo may also cause a problem with other condo owners.
4. HOA Fees and Rules
The regulation of Naples beachfront condos mainly lies with the homeowners association. HOA controls the outdoor landscape, all common spaces, and parking areas, while you only handle the interior.
Therefore, you’ll have to pay specific fees periodically and keep existing protocols. HOA fees and regulations vary according to the neighborhood. As such, it’s essential to peruse the HOA terms before putting your pen to paper.
Conclusion
Finding beachfront condos for sale in Florida is a piece of cake, thanks to the various realtors available on the market. However, you must make some considerations to ensure you’re making the right decision. Weigh both the pros and cons of owning an oceanfront condo in Naples and decide accordingly.
