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Housing Market | Beach Road Realty Blog

Saturday, April 13, 2024   /   by Richard Eimers

INCREASE CASH FLOW WITH A SECOND HOME

By Richard Eimers April 13, 2024

Owning a second home can be a significant financial investment and a substantial source of income if managed correctly. Whether it’s a vacation getaway or a rental property, increasing the cash flow from your second home not only helps cover its costs but can also provide additional income. Here’s a comprehensive guide to optimizing the revenue potential of your second home.
 
Understanding the Market
Local Market Analysis
Begin by understanding the local real estate market. Research the area’s seasonal trends, average rental rates, and occupancy levels. Knowing whether your property is in a high-demand tourist destination or a quiet, suburban area can influence your marketing strategy and pricing.
 
Target Audience
Identify your target audience based on the location and type of your property. If your second home is near a beach, for instance, your primary market might be vacationing families or couples looking fo. ...

  beach road realty, richard eimers, eimers group, mortgage rates, housing market, property market, real estate market, real estate news, home prices, mortgagerates, real estate trends, housing market trends, real estate

Thursday, April 11, 2024   /   by Richard Eimers

ESSENTIAL CONSIDERATIONS WHEN PURCHASING INVESTMENT PROPERTY

By Richard Eimers, April 11, 2024

Investing in real estate offers the promise of passive income streams, yet navigating this terrain requires careful strategy and understanding. Here's what you need to know before diving into purchasing investment properties.
 
Once upon a time in the popular beachside community of Destin FL, there was a budding real estate enthusiast eager to navigate the vast seas of investment properties. They had heard tales of fortunes made overnight and the passive income streams that flowed like the rivers of Babylon. Yet, they were also acutely aware of the siren songs that led many to crash upon the rocks of financial ruin. Thus, our protagonist set out on a quest for knowledge, seeking the wisdom needed to embark on this venture with eyes wide open.
 
The Journey Begins
Our journey begins with a simple but profound truth: real estate investment is not just about buying property; it's about strategic planning and understanding the market. The. ...

  beach road realty, richard eimers, eimers group, mortgage rates, housing market, property market, real estate market, real estate news, home prices, mortgagerates, real estate trends, housing market trends

Thursday, April 11, 2024   /   by Richard Eimers

7 HOME IMPROVEMENT PROJECTS THAT COULD LOWER YOUR TAX BILL

Richard Eimers April 11, 2024

In today's fast-paced world, the concept of home renovation is gaining immense popularity among homeowners. A significant portion, nearly 25%, are contemplating major renovations this year, driven by the desire to enhance their living spaces or to adapt to changing lifestyle needs. Amidst the financial implications of such undertakings, it's a relief to know that certain home improvements might not just enhance your living experience but could also offer tax deductions, potentially easing the financial burden of these projects.
This comprehensive guide delves into various tax-deductible home improvements, emphasizing the importance of consulting with a tax professional to navigate the complex terrain of tax qualifications. From energy-efficient upgrades to clean energy installations and medically necessary modifications, each section offers a detailed exploration of projects that could qualify for tax deductions or credits, thereby offering a dual bene. ...

  beach road realty, richard eimers, eimers group, mortgage rates, housing market, property market, real estate market, real estate news, home prices, mortgagerates, real estate trends, homeownership, housing market trends, real estate, housingmarket, real estate insights

Wednesday, April 10, 2024   /   by Richard Eimers

A GLIMPSE OF HOPE IN THE SUNSHINE STATE

By Richard Eimers, April 10, 2024

A Glimpse of Hope in the Sunshine State
Amidst the backdrop of soaring insurance rates that have consistently outpaced inflation, the close of 2023 brought with it a surprising and much-needed reprieve for Florida homeowners. After a relentless 18-month period where the cost to insure a single-family home surged by an astonishing 23.9%, the final quarter of the year marked the slowest rate of increase, a mere 2.6% compared to the preceding quarter. This deceleration in premium hikes, albeit small, sparked a wave of cautious optimism among industry professionals and homeowners alike.
The root of this optimism can be traced back to the meticulous analysis of public data released by the Florida Office of Insurance Regulation, scrutinized by the South Florida Sun Sentinel. This data, encompassing the statewide average premiums for both single-family houses and condo units, revealed a trend that many hope signals the beginning of the end for the home i ...

  beach road realty, richard eimers, eimers group, mortgage rates, housing market, property market, real estate market, real estate news, home prices, home sales, mortgagerates, real estate trends, homeownership, housing market trends, real estate, housingmarket, real estate insights

Wednesday, April 10, 2024   /   by Richard Eimers

MARKET TRENDS AND INVESTOR ACTIVITY

Richard Eimers, April 10, 2024
Trends such as short-term rental popularity, investment buying, and speculative activity can also drive prices up or down, depending on the area, here are the annual appreciation rates for each area:

Area                        Appreciation Rate (%)
30A East                           4.69%
30A West                         12.88%
Destin                         -3.60%
Freeport                         -4.37%
Miramar Beach                 -2.66%
North Santa Rosa Beach   6.15%
Point Washington         18.61%

The variability in appreciation rates among these areas can be a ...

  beach road realty, richard eimers, eimers group, mortgage rates, housing market, property market, real estate market, real estate news, home prices, home sales, mortgagerates, real estate trends, homeownership, housing market trends, real estate, housingmarket, real estate insights

Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798

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