I’ve mentioned in past articles that investing in Florida residential real estate has historically increased at a higher rate than other personal investments. I thought for this article I would quantify that statement based upon the historic charts of Florida real estate increases over the decades. Being a Baby Boomer myself, I thought I would start with what Florida home prices were in the 1950’s. I’m not advocating complicated commercial real estate, just a residential home to enjoy and watch increase in value over the years.
I’m back on this topic as my wife Linda and I begin planning our estate for the kids and grandkids. Now that we are blessed with a grandson (3 year old Cooper, the smartest 3 year old ever!) and a granddaughter (9 month old Ellery, now trying to take her first step), we began contemplating what we feel is the best way to invest our retirement funds for maximum return for both ourselves and future generations. Even though Cooper has a larger savings account now than the average preschooler (Nene takes him to the bank monthly to deposit money and get a lollipop), it still makes sense for Linda and I to leave behind good capital in hopes that with the proper nurturing and example, they will be able to get off to a good start with their education and careers.
Here’s the actual facts about Florida real estate from historic charts. In our Baby Boom decade of the 1950’s, the median Florida home cost $6,612. Wow, hard to believe! In 2014, the median cost of a home was $176,900. Quite a difference. GHD Construction Services has single family homes on your lot for as low as $279,900, and we are now developing beautiful townhouse within walking distance to the beach, land and home, in the mid-$400’s. A great opportunity for investment.
By the way, Cooper likes our furnished model in Madeira Beach, and in my deep discussion with him, he firmly believes that everybody should buy a new home from Papa Tom. Easy for a 3 year old to believe. I’m certain that Ellery believes the same, but she just doesn’t articulate that yet. On a funny aside, Cooper picked up this magazine and saw my picture in a past issue, and he now believes I own the publishing company! Therefore, I felt compelled to attach their picture here to see what his reaction will be with this issue when he sees his and his sister picture in this magazine. Of course, I’m just showing off my Grand-Kids.
However, considering Florida real estate as a great way to invest for your estate makes a great deal of sense. The 1950’s homes that cost less than $7,000 just do not have the selling power to appreciate for maximum gain for your estate. And, you get to enjoy a home raised to FEMA standards, hurricane resistant, and energy efficient, with all of todays “bells & whistles”. Worth considering.
GHD Construction Services, Inc. has constructed 6,500 homes since 1971, and has the new 2018 “Key West” Model Home at 239 144th Ave. N, Madeira Beach. If you have any questions pertaining to new home construction, feel free to come by the GHD model, call at (727) 954-8345, or email to: tweisser@ghdcsi.com. Meanwhile, look us up on our web site at www.GHDCoastalHomes.com.