Tampa Real Estate and Why Buy in Tampa

Tampa, a city in the southeastern part of Florida, is part of the urban municipality commonly called the ‘Tampa Bay Area’.

Tampa Real Estate

Tampa is ranked as the largest seaport in the US and consists of four counties namely Pasco, Pinellas, Hillsborough and Hernando County. All types of housing units can be found in Tampa. Homes cost anywhere from $100,000 to $2 million, depending on the type of home. Research indicates that the cost of living and property in Tampa was relatively low, but has risen in the recent past. Property outside of the city is also generally thought to be less expensive, especially the areas between Tampa and Sarasota. Subsequent research shows that approximately 10,000 homes were sold in 2003. This number increased by the second quarter of 2005 to approximately 20,000 homes. The upward trend stopped in 2006 and has been steadily declining. In the first quarter of 2008, sales are approximately 4,000 to date.

Why You Should Buy Tampa Real Estate

The many real estate agents found in Tampa make it easy for a buyer or renter to find the perfect property or home they need. There are many property management plans that are available and are affordable as well. Agents will even appraise the property for free to their clients; either purchase or sale, permanent or lease. Tampa is a seaport and as such many tourists are expected to visit this fabulous city. For the person who invests in rental properties, tenants will always be generous. Investments include the sale of residential properties, vacant land, commercial properties, or income properties. Being a seaport, there is a wide variety of housing types to choose from. One can choose an oceanfront property, a townhouse, or a condo. The climate in Tampa is humid and subtropical. The highest records are from 65 oF to 95 oF throughout the year. In winters that occur once a year, the lowest temperatures on record have been 18°F. The temperature makes it worth investing in real estate. With a 4.8% growth rate for jobs, it’s easy to get seasonal or permanent income. In fact, the city ranks 12th on the list of the best areas to work and live in America.

By purchasing property in Tampa, Florida, one would be purchasing historical folklore and cultural diversity. It goes without saying that in a few years, the investment will have doubled in value and the investment will pay off.