What's your 5 year plan?


Through the years we have all dreamed of the time that we can relax and enjoy the fruits of our labor, we may have saved and planned for the retirement of OUR dreams.   The active retiree dreams consist of coming to Florida while we are able to enjoy the beaches, boating, fishing, walking, bike riding, golfing in the sunshine or perhaps simply sitting in an Adirondack chair watching the beautiful sunset sipping on a cocktail.  Florida has it all!  According to Lauri Ringer, Dancing with Destiny "By all means, make plans and pursue your dreams, but always remember that Destiny is the lead partner and you are the follower.  So long as you are willing to surrender the lead, there is a possibility that Destiny will take you to wonderful places you never could have imagined".­­

Our story begins with John & Mary Baby-Boomer who are living up north, the morning temps are now in the 30's & 40's when going out to get the paper.  Future retirement conversations have been more and more common What's your 5 year plan?around the kitchen table and tropical breezes are calling them to SW Florida.  They start to formulate their 5 year plan.  They know that prices are just right to buy now and lease it during high season to offset taxes and insurance.  Annual rentals will allow year round income to allow them to buy now, cover costs and work towards retirement.   Seasonal rental opportunities still allow Owners to be able to utilize the property during non-high season time frames.  This concept utilizes the best of both worlds.   Buy now at lower prices, rent either seasonally or annually to offset expenses, while you build equity and plan for your style of retirement. 

Lately every time the phone rings it's someone from a cold Northern state wanting to make arrangements for an extended Seasonal stay or someone looking for a high demand year round annual rental.  The rental market in SW Florida is on fire!  Do you remember the phrase "if you build it they will come", it was made famous by Kevin Costner in the movie Field of Dreams.  I say "if you buy it and furnish it they will come", last year they were standing in line in the lobby pleading for additional accommodations.  This past winter was so long and bitterly cold everyone is looking to our Sunshine State for a much needed reprieve.

According to MFR (MY FLORIDA REGIONAL MLS) the median sold price in Charlotte County as of September 30 2015 is $155,000.   In the same period the Coldwell Banker Sunstar Realty Property Management division quotes the average year round annual rental was $1007.33 and the average Seasonal rental (3 month minimum) price was $2385.42.  We live in very exciting times when you can buy an investment in Charlotte & Sarasota counties before values have reached the top of the market, costs can be off-set with rental income and the investment can be utilized for several fun filled years.  While approaching the 5 year plan time frame John & Mary can implement one of several options.  They could re-adjust their personal retirement plan, simply enjoy the property or sell the investment while enjoying the traditional positive equity factor.

 John & Mary made arrangements to come down to SW Florida's "palm tree paradise" for some fun in the sun and to look around for a little piece of paradise of their own.  They quickly realized that this decision was just meant to be.   Currently my Husband and I now find ourselves smiling sitting back and simply enjoying our "Florida Lifestyle".  We are so happy with our decision to live in a climate that suits our family.   The lifestyle theme is even evident in our housing choices, featuring bright open concept designs ­with lots of windows.

We look forward to seeing you at the Tiki Bar, on the beautiful Golf Courses in Charlotte and Sarasota Counties, and of course the white sandy beaches of the Gulf of Mexico.  To quote Lucille Ball "I'd rather regret the things I've done than regret the things I haven't done."  It's like jumping into the cool blue pool, sometimes you have to just do it!      

What is your five-year plan?

Contact me and let me help you find you a friendly Florida agent to help you find your Florida home. 


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Terry Reeves

Terry Reeves

Real Estate Professional
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