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Renting Forecast in 2024. Finding Your Ideal Annual or Seasonal Rental

It’s no secret housing prices have soared in recent years throughout South Florida, especially in the more affluent and highly popular cities of Boca Raton, Delray Beach and Palm Beach.  This shift has made many opt for renting over home ownership to preserve a higher standard of living. 

Here are a few considerations to help you find the ultimate home or apartment for every budget or interest: 

Traffic: Whether you work hybrid or at an office, location is essential to minimize your commute and avoid congested traffic areas. Florida’s highways and major roads can bring heavy traffic in the morning and afternoon commute hours, particularly in season, (October through May).  Whether you choose to be near work or the best schools or areas of interest, location is key.

Schools: For families, proximity to the best public (or private) schools is a priority.  Florida proudly boasts many nationally ranking schools in both sectors and has consistently ranked in the top 10 by US News & World Report year after year. For a complete list of schools and their ratings, visit https://www.greatschools.org/florida/

Rent:  South Florida is aligned with boutique cities and suburbs between the major cities of Fort Lauderdale, Miami, and West Palm Beach. The variance in housing costs can be significant.  This is due not only to local city taxes but also a reflection of the cities’ amenities and general score for the quality of living.  Boca Raton, Delray Beach, Wellington, and Parkland present a higher general cost of living. In contrast, neighboring cities like Deerfield Beach, West Boca Raton, Boynton Beach, and Pompano Beach may present more affordable options for your budget.  Ask an Investments Limited housing expert to advise you on the many options for your lifestyle and budget preferences.

Living Space Needs: Many residents in the area are seasonal, while others reside throughout the year. This can impact the size and type of rental they’re looking for whether influenced by budget or utility.  With a multitude of options including apartment communities, condominiums, single-family homes, and townhomes, Investments Limited owns and manages over 4,000 rental properties spanning from luxurious estate homes overlooking the Intracoastal or golf; to studio efficiencies near the beach or downtown. To consider a few of the current rentals that are move-in ready, visit https://investmentslimited.com/florida-residential-search/.

Hobbies & Interests: Unlike nearly every state in the United States, Florida is a vacationer’s paradise and residents’ playground. Why? Because there’s literally something to do for everyone, every day of the week. Set time aside to experience the world-renowned beaches to the collection of art galleries and museums. For the action lover, grab your tickets to live sporting events, concerts, and festivals, or step inside a nearby casino for some indoor fun.  Don’t miss out on the ever-evolving international array of restaurants and shopping, or stroll popular social districts including Royal Palm Place and Mizner Park in Boca Raton; to Atlantic Avenue in Delray Beach.  For the “islander experience”, consider a short flight to the Bahamas or a short drive to the Florida Keys, Marco Island or Sanibel. And for the “fun adventurists”, you’re just a few hours away from Orlando or Tampa Bay where you’ll find endless fun at Disney World, Universal Studios, Busch Gardens, Animal Kingdom, Epcot Center and so much more. It’s nearly impossible to be bored, especially with sunny skies and unparalleled weather throughout the year.

HOAs?:  Nothing to worry about here. Rentals are “HOA” fee free. 

Explore Seasonal Rentals: Many people opt to live part-time during the winter months in South Florida. Why? The weather from October through May is more than ideal, it’s unsurpassed within the continental United States. From the clear-air breezes off the Atlantic Ocean to the consistent sunny skies with temperatures ranging in the 70’s — rain, snow and cloudy skies are literally off our radar making every day feel like the ideal vacation. It’s the perfect area for fun in the sun or to escape for a tranquil day of relaxation.

So do your homework. Speak to an area expert to explore your options. Consider an extended-stay vacation rental before signing a long-term lease to learn the area and find what’s right for you.  To speak to a friendly regional specialist, call 561-391-5000 or email us at info@investmentslimited.com to discover move-in ready furnished and unfurnished rentals for every size, interest and budget.

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