Affordable

Lee County has been and remains one of the fastest growing counties in the United States. Pristine beaches, gorgeous winter weather and the relaxed lifestyle associated with this area are all factors motivating baby boomers to flock to the area – a trend that is expected to continue for years to come. It is no secret that these factors have resulted in one of the greatest run-ups of real estate values ever seen. Builders and developers have raced to meet the insatiable demand for high-end homes and condos, and have been generally disinterested in building affordable housing.  

Meanwhile, this phenomenal growth requires a comparable expansion of the work force. Employers (teachers, health-care workers, civil servants and all fields of employment) are struggling to keep pace with the ever-increasing number of workers needed to support the community. Unemployment in Lee County is practically non-existent. These facts, coupled with the contracting economies of the mid-west, are bringing young people and blue-collar workers to Lee County in numbers rivaling the baby boomers. This trend is also expected to continue for years to come.  

As a result, there has been a steadily increasing disparity between demand and availability of affordable housing. The inability of the work force to find affordable housing has now reached what many people (State and Local government official, employers) consider to be a crisis level, threatening the well-being and unabated growth of the communities in Lee County. To address this problem, a wide range of innovative programs ranging from subsidized interest mortgages to down payment assistance (in some cases up to $50,000) have been created. Many people who can qualify for these programs on newly constructed units (thousands of units are needed) cannot qualify for a construction loan. This presents our investors with a wonderful opportunity to provide newly-constructed starter homes to this huge pool of potential buyers. Our floorplans, pricing and locations are tailored to meet the specific needs of these end-users. Current sales data strongly suggest that, unlike the baby boomer market, which has cooled considerably, this segment of the market will continue to perform very strongly. Affordable housing is selling at a torrid pace, often for full list price or more! 

I would like to help you take advantage of this wonderful opportunity to be a part of the  affordable housing solution. Using my expertise, you can spec an affordable home, including land, house, closing costs and interest charges during construction for less than 90% of the homes current market value. If homes in this price range appreciate by just 10% over the next year (a very reasonable projection), the net return on your money-after real estate commissions and back-end closing costs, will be in the neighborhood of 800 to 1,000%. I have all the necessary relationships with lenders, land wholesalers, builders and end users to make your investment experience simple and profitable. Please feel free to call me for details and additional information-don’t get left behind!

 

 

Brand New In the Cape
A beautiful soon to be completed Enchanted Home, Spellbound IV model. This home has it all ! A two story delight from the sunken Family room and lofted Master Suite to the other features including 42" solid wood cabinets, smooth top range and solid surface countertops in the kitchen.
A condo unlike anything else around!
Gorgeous and fully furnished condo with lake views in a gated unique and charming sought after development.




 Keller Williams World Class Realtors
9400 Gladiolus Dr, Suite 100
Ft Myers, Fl 33908
Office: 239-425-4900  Fax: 239-425-4901
jrmartin@kw.com