While many property investors and holiday home owners choose to let out their homes in Florida for part or the whole year, others are simply buying with a view to reselling them in the short term, according to one Florida property agent.
Penny Boling, a property agent at Century 21 Boling and Associates in Myrtle Beach, claims that more people are buying property in Florida, particularly low-cost foreclosed homes in Florida, with a view to giving them a minor makeover and reselling them on at a profit.
Boling told the press that small repairs, such as repainting, replacing appliances and improving the landscape, can all help improve the value of a home in Florida, attract fresh buyers and generate a moderate profit in the process.
Boling believes that the growing number of investors buying bargain priced homes in Florida will help the local market improve and absorb the existing glut of properties on the market,
“They [Florida property investors] are part of the cleanup committee of this marketplace,” said Boling.
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