1st floor vs higher floors?
Hi,
we're considering purchasing an str in st augustine fl. Retirees in the winter (jan-apr), families in the summer (jun-aug). It will be mixed use (we'll use it oct-dec).
the onsite realtor is encouraging us to purchase a first-floor unit. She states retirees prefer the first floor (though there is an elevator) as well as families with kids. For our use, we prefer the 2nd floor due to better ocean views. Interestingly, 2nd and 3rd floor units tend to sell for higher prices but perhaps aren't as desirable in the rental market.
Looking over rental histories, jan-mar rentals seem assured but we're not sure about the high-value, summer rentals.
thoughts?