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Looking for a Luxury Rental in Naples? 10 Reasons You Should Buy Here Instead

Luxury Rental in Naples - Why You Should Buy Instead

If you’re like many people, you’re looking for a luxury rental home in Naples for your next trip or extended stay – but you may have discovered that luxury rentals are hard to come by. That’s largely because Naples is one of the wealthiest, happiest and healthiest cities in the United States; most people don’t want to leave.

However, as Naples real estate experts, we always monitor changes in the local real estate market – and we can tell you that if you’re looking for a luxury rental property, you may be better off buying your own instead.

Looking for a Luxury Rental in Naples? 10 Reasons You Should Buy Here Instead

Many people come to Naples looking for luxury rental properties and end up buying vacation homes – and that may be the right choice for you, as well. Here are ten reasons it makes more sense to purchase a luxury home in Naples:

  1. Your mortgage payments will most likely be less than what you’d pay for a month in a rental.
  2. You can rent your property when you’re not in residence and make a profit.
  3. You’ll have unlimited access to the sun, sea and sand when you own a vacation home in Naples.
  4. You can modify and decorate your property to reflect your personal style.
  5. You’ll build equity over time, potentially generating a large profit should you later decide to sell your vacation home in Naples.
  6. You may be able to take advantage of tax benefits.
  7. You can invest in energy efficiency, which will increase the price you can ask for rent – or, later, the sales price.
  8. You’ll be able to enjoy the prestige associated with owning a beach home in Naples.
  9. Your mortgage payments won’t change, whereas rental prices fluctuate.
  10. Interest rates are near record lows right now, and by investing in a beach house in Naples, you may be able to lock in an exceptional deal.

Here’s a closer look at all the reasons you should buy – rather than rent – a beach house in Naples.

1. Your mortgage payments will most likely be less than what you’d pay for a month in a rental.

Mortgage payments are fixed and rental prices, particularly on luxury homes in Naples, are skyrocketing. Even if you have money to burn, it makes sense to save – and that may mean it’s a better idea for you to mortgage a beach home that you can use any time you’d like. You’ll never have to wait for a rental to open up again.

2. You can rent your property when you’re not in residence and make a profit.

Whether you come to Naples for the winter or you like to escape here for a few weekends each season, you can rent out your own beach house while you’re not in residence and generate a profit. If you’ve seen rental prices for luxury homes in this area, you know that fiscally, it makes sense to earn your mortgage payment (and then some) back each month.

3. You’ll have unlimited access to the sun, sea and sand when you own a vacation home in Naples.

When you own a vacation home in Naples, you don’t have to worry about finding a place to stay, host your friends, or escape from the everyday – it’s already here waiting for you. There’s no reason to spend more on a luxury rental than you would on a monthly mortgage payment, particularly when you can have unlimited access to the sun, sea and sand on your own property.

Why Rent a Luxury Property in Naples When You Can Buy One Instead

4. You can modify and decorate your property to reflect your personal style.

Although there are truly spectacular rental properties available from time to time in Naples, it’s better to have a place you can make your own. You can modify the floor plan, build a cabana, create a complete entertainment space or even simply decorate according to your own tastes when you own a property of your own.

Related: The complete guide to Pelican Marsh in Naples, Florida

5. You’ll build equity over time, potentially generating a large profit should you later decide to sell your vacation home in Naples.

Real estate is a sound investment – particularly when it can generate income for you now. Luxury rental properties are at a premium in Naples, so renting out your beach home while you’re not here can cover your mortgage payments and enable you to build even more equity. Later, should you decide to sell your beach home, you can list it at fair market value; in many cases, that leads to significant profit, which you can then roll over by using a 1031 exchange or keep for yourself.

6. You may be able to take advantage of tax benefits.

There are several tax benefits available to homeowners in Florida, and you may be able to take advantage of them by purchasing a home here rather than renting each time you visit. Your financial adviser can help you determine what benefits are available to you.

Why You Should Buy Instead of Rent a Luxury Home in Naples

7. You can invest in energy efficiency, which will increase the price you can ask for rent – or, later, the sales price.

Energy efficient home on the Florida coast are incredibly sought-after spaces. When you purchase a luxury home here, you’ll be able to build in efficiency in ways that work for you. You may even be able to take advantage of additional tax benefits for converting a traditional home into a “green” home.

8. You’ll be able to enjoy the prestige associated with owning a beach home in Naples.

You’ll have the luxury of being able to say, “I was at my beach house in Naples last weekend,” which is quite a bit different from saying, “We rented a house on the beach last weekend.”

Related: Everything you need to know about Port Royal in Naples

9. Your mortgage payments won’t change, whereas rental prices fluctuate.

Your mortgage payments – with a fixed-rate mortgage, that is – won’t change when the seasons do. You’ll always be able to keep tabs on your costs, and if you rent out your property, you’ll know exactly how much to charge to generate a profit. However, when you rely on rentals for your vacation time in Florida, you’re at the whims of the market; a beach house that currently rents for $150,000 a month during the summer may be $225,000 during the fall or winter.

10. Interest rates are near record lows right now, and by investing in a beach house in Naples, you may be able to lock in an exceptional deal.

Interest rates are hovering near record lows, which means that if you purchase a luxury home here now, you’ll be able to take advantage of them.

Are You Looking for a Vacation Home in Naples?

If you’re looking for a home for sale in Naples, we’re here to help. We specialize in luxury real estate and can show you any listing. In the meantime, please feel free to explore what’s available now:

You can also browse all Naples homes for sale.

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