Tampa is full of real estate opportunities you should invest in. It is a city that is evolving. There’s plenty of job opportunities and a lot of young people are planning to move to Tampa this year. And if you are someone who wants to invest in real estate in Tampa, we definitely think you should do it. It isn’t going to be a decision you regret making. There are plenty of opportunities and types of real estate to invest in and we are here to tell you all the information you might want to know about real estate opportunities in Tampa.
About the real estate market in Tampa, FL
Before we tell you when you should invest in, we need to tell you a little bit more about the real estate market in Tampa itself. This real estate market is booming. The prices of the homes in Tampa are pretty reasonable. The median home value now in Tampa is $242,000. Tampa home values have gone up 3.9% over the past year and they are only going to continue growing.
That is when we are talking about homes. But what if you want to invest in commercial real estate? Commercial real estate prices are much different. The average price for a commercial real estate property is 1.3% higher and it sits at $163 per sq ft. But it is definitely worth the money.
What is worth investing in?
What people want to know the most is what is worth investing in and we are here to give you some information that might help you decide how to spend your money. As a lot of people are moving to Tampa and finding the right mover for the job already, it is definitely worth investing in houses and apartments. Because we’re talking about young people, not a lot of them have the money to purchase a home. This is why they turn to renting homes. And the median rent price in Tampa is around $2,000. This means that you will be able to get your money back over the course of a few years. But you have to have in mind that you are also going to have some investments to make in order to rent out the home you purchase. Staging your house is just one of them.
Is it a better idea to invest in commercial real estate?
People struggle with deciding whether to invest in houses and apartments or to invest in commercial real estate properties. Commercial real estate properties cost a lot more but the rent costs a lot more too. You will also be more likely to always have a business renting out your commercial property than a family renting out a house. So, when you are considering real estate opportunities in Tampa and where you should invest, we say that commercial real estate is definitely a choice to make.