Floating investment properties offer people a new way to think about vacationing and living. And while expensive, they do offer something special that your other investment properties may not be able to give them. Use that to your advantage and watch your returns roll in.
Since houseboats are a cheaper alternative to cruise liner condos, these floating investment properties can be a reality for you. Additionally, since houseboats tend to be on a lake or other smaller water property, you can count on greater interest in renting your property—that means a quicker return on your investment. And if you live in a warmer climate, or at least keep your investment property in one, you’ll be able to rent your investment properties for a longer period each year. Remember, your houseboat may not go to the Amazon, but the cost differential may make it the perfect way to start out.
When it comes right down to it, $3.7 million dollars may be a bit much to spend on a floating investment property, especially if you intend to use it yourself part of the time and can’t make the money back. If you’re looking for a cheaper way to buy into floating investment properties, consider floating houseboat communities. These condos still have all of the creature comforts of home—new appliances, balconies, closets, nice bedrooms, a storage location for your boat—but don’t feature the prohibitive cost of cruise liner condos.
Purchasing floating investment properties is no small matter. These types of condos can cost as little as $3.7 million and as much as $40 million—it’s not a decision you’ll want to make overnight or on impulse. However, the cost comes with all the amenities, including a place to house your sailboat and jet skis and a helipad, in case your friends and family are coming for a visit. Additionally, floating investment properties offer the opportunity to wake up in a different country nearly every day of the week. Your current investment properties can’t offer that kind of appeal. If you had the money, wouldn’t you want to wake up in places like the Bahamas and Thailand?
It’s no secret that cruise ships are one of the hottest ways to travel today. But what you may not know is that they’re popular for something other than regular travel—several cruise liners have been remodeled into floating condo communities. These floating investment properties are one of the hottest ways to live and see the world at the same time. Cruise liners, like the SS Celebrity Solstice rent out condos for time periods from six weeks to as much as a year long! Floating condos are excellent investment properties because they have all of the basic necessities of living at home—full kitchen, full bathrooms, balconies—and the added thrill of living on a cruise liner and going all around the world.