Buying Palm Beach County Real Estate
Whether you want to live on the beach or flip houses for profit, Palm Beach County real estate has a lot to offer. The Palm Beach County area has grown in the last several years, which makes now the perfect time to buy. Here are nine reasons why you should consider buying, and living, in Palm Beach County.
#1 – The Weather
The weather in Palm Beach County is one of the reasons it’s also the top tourist destination in America. With an annual average temperature of 78 degrees and over 230 days of sunshine, it’s easy to see why so many people love it. The area also has some of the cleanest air in America. According to the American Lung Association, Palm Beach County averages one day per year of smog.
#2 – Tourism
Many people may not consider an influx of tourists a bonus when considering where to buy their vacation or retirement home, but tourism is a good thing. It’s a major reason to consider buying Palm Beach County real estate, as well. The area draws in six million people a year, That keeps over 60,000 residents employed and contributes $6.8 billion toward the economy. Those are high numbers that mean your investment properties will turn a profit.
#3 – Good Place to Launch a Career
According to Forbes, Palm Beach County ranked 54th in the United States for the best place to start a career. Healthcare, agriculture, tourism, and biotech fields have exploded. The demand for knowledgeable people is also at an all-time high. As the job sector continues to grow, so will the Palm Beach County real estate industry. That translates to profits for you when you invest in real estate.
#4 – The Golf Capital of Florida
Palm Beach County has over 160 public and private golf courses. There are also golf resorts, pro-designed executive and championship courses, and the area regularly hosts leading PGA-sanctioned tournaments. These events generate a lot income for the community. Whether you live or invest in Palm Beach County real estate, your values increase as money floods the economy.
#5 – Entertainment
Palm Beach County hosts a variety of entertainment options for visitors and residents alike. Aside from golf, there are world-class shopping venues, restaurants opened by celebrity chefs, boating and other water activities, sports such as polo and baseball, art and culture with museums and performing arts theaters, and biking trails. There is something for everyone, and the adventures and memories make it a perfect place to call home.
#6 – Picturesque Beaches
One of the major advantages of buying Palm Beach County real estate is that the area has 47 miles of Atlantic coastline. Beachfront property is a hot commodity. If you live there, you can wake up to the sounds of the ocean and be yards away from a day of sun, surf, and sand. If you invest in the area, you can rent out your property to tourists who want to vacation on the beach. Either way, the value of your property is at a premium because it becomes a hot commodity. Aside from property values, the beaches are pristine and inviting. Whether you want to swim, snorkel, or fish, there is plenty to experience in Palm Beach County.
#7 – The Port of Palm Beach
The port is the fourth busiest container ports in Florida, and one of the busiest in the United States as a whole. It is primarily an export port with about 80% of the cargo shipped out to various places around the world. Given its ideal location to beachside properties, the port attracts wealthy business men and women to the area. The port also contributes $185 million annually to Palm Beach County business revenue.
#8 – High Average Income
Thanks to the beautiful beaches, booming career opportunities, and thriving port, the average income in Palm Beach County is higher than most of the United States. Places such as Billionaire’s Row get their name from the people they attract. Booming industries such as tech, healthcare, and exports draw in high-net-worth individuals. That means whether you invest in residential properties or commercial properties, you can make good money.
#9 – Schools
It’s not surprising that when a family considers a move, one of their top priorities is a good education system. Palm Beach County has the 11th largest school district in the nation with 185 schools. They also have the 8th highest graduation rate in the nation according to Education Week. Aside from primary schools, Palm Beach County also has seven community colleges and two major universities, plus it’s a four-hour drive away from two top-50 universities: The University of Florida in Gainesville and The University of Miami in Coral Gables.
These are just a few of the reasons why investing in Palm Beach County real estate is a good idea. The area is a great place to live thanks to the booming economy and oceanfront properties available, but if living on the coast isn’t your cup of tea, then investing in properties – both commercial and residential – is the next best thing. There are plenty of opportunities for investors to make it big as the growing economy drives the values of real estate in the area.