Not sure what I’ll find out with this post, but there's usually at least one nugget of info that turns up… For a long term investment, Ocala or Cape Canaveral for a couple rentals. I understand that the Cocoa area is supposed to see some serious investment coming soon. Not sure if that is still holding true. Ocala is a major artery along 75 with strong distribution/warehouse jobs. Marion county is cheaper but that scares me a bit.
Cocoa Beach is our home away from home but I have a soft spot for Ocala. Why does Ocala being cheaper scare you ?
Sounds like you like both areas. My concern is whether Ocala will continue to grow or not. There’s isn’t much in Ocala, but if I’m holding long term, does it matter that much?
I’d be fine with either. Cocoa Beach is laid back, older crowd but with beach vibe, prices rising accordingly. We almost regret selling our house there in 2017. We’re in Charlotte now. The value of our former Cocoa Beach home has nearly double since. But I’d be almost as happy in Ocala. Love the Old Florida feel. And no, I don’t think it will stop growing. And Cocoa Beachers aren’t keen on growth.
More bang for your buck in Marion County property wise Right now the Space Coast is severely over priced
Not knowledgeable on FL real estate, but I would think insurance now and in the future would factor in to the equation. I offer no insight, just tossing it out there.
Damn Bluke, first a new Jeep and now some new property? You goin' through a mid life crisis? As to the property, it depends on what you're looking for. If it was for me, I would stick to the coast. If it was for rental purposes, probably go with Ocala. That place is going to seriously grow in the next 5-10 years. They are adding about 150 families a month and the development is mostly to the West and SW of the SR 200 exit.
Which is why my wife and I experience a tinge of regret selling our house there. The regret is counterbalanced by the superior employment prospects for me in Charlotte.
Strictly long term rentals, don’t want to worry about ever selling them. Coast is sexier and closer to a major airport. Also, anybody afraid of wood frame construction?
If any area is going to continue to grow, I suspect it will be the Ocala area. It’s a retirement mecca. Our former Charlotte neighbors moved to an over-55 in Ocala and love, love, LOVE it!
I recently looked at a Gainesville house built in the 30’s wood frame and still standing. It was a block from the stadium.
House made of wood from 1930's is WAAAYYYY different than a house made of wood today. Back then, they still used old growth pine and the framing members were like iron. You would have to drill it to put a nail or screw in today. Also, denser wood like that is more termite resistant. Fast forward to wood used today, not nearly as dense (growth rings) since they grow the trees as fast as they can and harvest them as often as they can. Decent bearing and flexural stress but not nearly as durable in the long run and termites love it. There are other reasons but too long to go into here.
I thought you were buying a car yesterday and we needed to hurry because you were at the dealership. lol
