If you are considering investing in real estate, you should consider several factors.
Roger Pettingell Real Estate Agent says for starters, Sarasota’s population is growing year-round, which means that the housing prices are higher than most other cities in Florida. The median home value in Sarasota is $313,000, which is 11.3% higher than last year and 13.4% higher than the national average. This is great news for those looking to move from high-priced areas to an area with low housing prices.
As an investor, you should consider investing in rental real estate in Sarasota. The city has a strong economy, low crime rates, and a large, diverse tenant pool. In addition, the city’s schools are top-rated, making it an excellent place to invest in rental properties. The median price of homes in North-Sarasota is $111,000, which makes it a great option for those looking to invest in rental property. Regardless of your investment goals, Sarasota is a great place to retire or build a portfolio.
For those interested in vacation rentals, Sarasota is an excellent location. With 6 barrier islands, the city is home to some of the best beaches in Florida. Whether you’re looking to invest in vacation rentals or in rental homes, these destinations are perfect for both types of investors. Aside from being near the beach, the city also has great schools and attracts a large number of college students and families from surrounding areas. As a result, the local job market continues to grow, which is a boon for vacation rental property investment.
According to Roger Pettingell Real Estate Agent, The cost of living is relatively high in Sarasota, but some areas are more affordable than others. While there are still higher-end properties, they are still affordable for many. There are even cheaper homes in the nearby suburbs. The best way to buy a vacation rental in Sarasota is to do your research and find out which type suits your needs and budget.
Aside from the waterfront lifestyle, Sarasota is a beautiful and culturally rich city. Those who wish to invest in real estate should consider Siesta Key. Its beaches are made of quartz and Siesta Key beach is among the best in the United States. There are more than 30 golf courses near downtown. It’s an affluent city with a great climate.
Roger Pettingell: As for the cost of living, Sarasota is a bit cheaper than Tampa. Compared to the other big cities, the housing costs in Tampa are 4% higher and the cost of living is 21.6 percent higher in Tampa. The average income of residents in both cities is $950 a month. However, a single-family can spend nearly half that amount on monthly expenses. The cost of housing in Tampa is only $17,000 lower than the national average.