When you live in a big city, it isn’t always easy to find a quiet, comfortable home, which is why gulf front condos are so highly sought after. Unfortunately, the recent recession halted the construction of several luxury properties, limiting the market and forcing realtors to show older fixer-uppers.

Here are a few pros and cons to renovating a gulf front condo, and why you shouldn’t ignore a property just because it needs a little work:

Pro: Customize Your Space

One of the best things about investing in an older condo is the fact that it gives you the chance to customize the space according to your needs. Carpets can be replaced with sleek wooden floors; laminate counters can be ripped out to make room for gorgeous quartz; high-tech additions, like home automation systems, can make your space more functional.

Con: Renovations Take Time & Money

Although renovations can be expensive for new homeowners and take months to complete, the return on investment is significant—especially in a market where gulf front condos are hard to come by. In fact, returns are often so worthwhile that many investors work with realtors to purchase this property just to fix it up and resell the home.

Pro: Views Factor Into the Home Value 

By renovating a gulf front condo, you are investing in prime real estate, as those priceless views factor into the resell value of your home. Even if you’re not currently selling your home, the investment is a great way to diversify your financial portfolio.

Are you ready to start searching for your perfect gulf front condo? Speak with a realtor at Vicki Matthews - Coldwell Banker Real Estate in Destin, FL, who is familiar with the luxury market and whose team ranks on the state’s top-performers list. They live and work in the community, so they’re familiar with the area and offer excellent advice and expertise. To explore local listings or learn more about Vicki and her team, visit the website. Call (850) 502-9571 to speak with a representative today.