Tampa, a city in the southeastern part of Florida, is part of the urban municipal commonly called the ‘Tampa Bay Area’.
Real Estate in Tampa
Tampa is ranked as the largest seaport in the U.S.A. and consists of four counties namely Pasco, Pinellas, Hillsborough and Hernando County. All types of housing units can be found in Tampa. The cost of homes ranges from $100,000 to $2million depending on the type of home. Research indicates that the cost of living and of property in Tampa was relatively low but increased in the recent past. It is also generally felt that properties outside of the city are less costly, especially areas between Tampa and Sarasota. Further research shows that in 2003, approximately 10,000 houses were sold. This number increased toward the 2nd quarter of 2005 to roughly 20,000 homes. The upward trend ceased in 2006 and has been dropping steadily. In the early quarter of 2008, sales are approximately 4,000 to date.
Why You Should Buy Real Estate in Tampa
The many real estate agents found in Tampa make it easy for a buyer or tenant to find the perfect property or house that they need. There are many property management plans that are available and are also affordable. The agents will even appraise property for free to their clients; whether buying or selling, permanent or leasing. Tampa is a seaport and as such, many holidaymakers are expected to visit this fabulous city. For the person investing in rental property, tenants will always be bountiful. Investments include sale of residential property, vacant land property, commercial property or income property. Being a seaport, there is a wide variety of home-types to choose from. One can choose a waterfront property, a town house or condominium. The weather in Tampa is humid and subtropical. Highest records are 65oF to 95oF all year round. In the once-in-a-year winters, the lowest temperatures to be recorded have been 18oF. The temperature makes it worth investing in real estate. With a growth rate of 4.8% for jobs, seasonal or permanent income is easy to come by. The city is actually ranked the 12th on the list of best areas to work and live in America.
When purchasing property in Tampa, Florida, one would be buying into historic folklore and cultural diversity. Needless to say in a few years, the investment will have doubled in value and the investment would be well worth it.