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If you’re considering moving to Tampa, you probably have a lot of things on your mind. You’re probably thinking about what crime rates are like, or what things there are to do in the city. These are all things you’ll probably be considering, and they’re valid questions to ask, but there’s another thing you’ll want to decide on: are you going to rent, or are you going to buy?

 

With home prices higher than ever, there is a good chance that you’ll be considering renting. However, there are a fair few downsides to renting that have to be considered before you commit to a rental agreement. On the other hand, there are quite a few negatives that you’ll need to take into account if you’re considering buying instead of renting. To get you in the know, we’ve put together this list of quick tips on renting vs. buying in Tampa. Let’s get into it!

Renting in Tampa

 

First, let’s look at renting in Tampa. Those whose minds are set on renting in Tampa will be happy to know that monthly rent prices are surprisingly low! While the average price of rent is around $1,300, twenty-four percent of all rentals in Tampa are between $700 and $1,000, making it fairly affordable for low-income households.

 

However, there are a number of other factors to consider before you whip out your pen and put your signature on the lease. Before you go rushing into anything, consider a couple of these pros and cons we layout here. Let’s get started.

Pros of renting in Tampa 

 

Before we get into the negatives of renting in Tampa, let’s take a quick look at the positives. There are quite a few! First up is the freedom that renting affords you. When you rent, you gain the ability to move at any time, provided your lease is up. If you aren’t sure if Tampa is going to be right for you in the long run, renting is probably the right option.

 

Another advantage of renting is the accessibility. If you are considering buying, even if you take out a mortgage, you’re still going to be paying out a significantly larger monthly price on average, and if you decide to move, you will miss out on a lot of value. In the short term, renting offers lower monthly prices and eliminates the financial hit that you’d take if you defaulted on your mortgage.

 

One more advantage of renting in Tampa is the peace of mind that comes with living in a managed apartment or condominium complex. As most landlords take care of maintenance, you won’t have to worry about fixing broken water lines, damaged appliances or unmaintained interior furnishings. When compared to a residential, privately-owned home, this leaves you with far fewer hassles related to upkeep to deal with.

Cons of renting in Tampa

 

Now, let’s get into the negatives of renting in Tampa; while this is a great city for renters, much like any other city, there are certain drawbacks to renting in Tampa. For starters, renting is not a good investment. When you rent, you’re essentially throwing money away every month. It may win you a place to lay your head, in the long run you’ll have nothing to show for your rent money.

 

Another disadvantage of renting in Tampa is the restrictions most landlords and apartment complexes put on their tenants. If you have pets most landlords will instantly write you off, and the same thing goes for smokers and musicians. Essentially, if your lifestyle has the potential to disturb others, chances are you’ll be better off buying instead of renting.

Buying a home in Tampa

 

Buying a home in Tampa is your second option when considering a move to the area. With home prices far lower than the national average and a housing market that is hotter than hot, buying a home in Tampa Florida is sure to be a good investment. However, just like renting, purchasing a house in Tampa isn't all sunshine and roses. There are plenty of downsides that accompany the benefits.

 

If you decide to buy a home in the area instead of renting, the best way to do that is by contacting one of the top realtors in Tampa FL. These skilled real estate professionals will help you find a listing that suits you and meets all your needs, at the lowest cost possible. That being said, let’s look at some of the pros and cons of buying a home in Tampa. 

Pros of living in Tampa

 

There are quite a few advantages to buying a home in Tampa; the first and most obvious, of course, is the investment potential. With a low average home price and high turnover rate, buying a home upfront or even buying utilizing a mortgage can have a huge potential as an investment for sale in a couple of years.

 

Another great advantage of buying instead of renting is the control you have over your property. Whether you mortgage the home or buy it outright, unless there is a specific clause in your contract or the deed restrictions, you are free to modify the property to your heart’s content. Whether that means building a couple of outbuildings, an addition to the home or simply remodeling or updating the interior, this freedom can be invaluable to those who enjoy home improvement or DIY projects.

Cons of buying a home in Tampa

 

The first and most obvious disadvantage is the commitment. If you have a family and have firmly chosen Tampa as your new home, this might not be all that big of a downside, but this commitment might be a deal-breaker for others. When you commit to buy a home, you are tied to that property until the mortgage is paid off or until you find someone to buy it from you. If you encounter financial difficulties you stand to lose a great deal of capital.

 

Another obvious con is upkeep. When you own your home, you will be responsible for the upkeep, and this can eat up a serious chunk of your time. One week it might be repairing a faulty water heater, the next week it might be the refrigerator. While some may enjoy the challenge of performing these maintenance tasks, most will likely be nonplussed by these responsibilities.

Conclusion

Whether you are renting or buying, the fact remains that Tampa is a highly desirable city in which to live, and there’s no danger of you regretting your decision to move there. If you enjoyed our article, or if we missed anything, let us know what you think in the comments below. Enjoy Tampa!

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Picture this: it’s a sunny afternoon in southern Florida. Light is beaming through the trees, drenching the beautiful green lawns in golden rays of sunshine. The clean white houses lining the streets give the quiet community a warm, relaxed feeling. From a park on the corner, the sounds of laughing children emanate throughout the neighborhood, as the smell of freshly-made Sunday dinner waft through the air.

Sounds like a storybook, right? Well, in Boca Raton it’s little more than an average Sunday afternoon! If this scenario sounds appealing to you, then living in the sunny Florida paradise of Boca Raton will be nothing less than a dream come true! So what does Boca Raton have to offer (besides picturesque city life, of course), and what is it like to live there? Let’s find out!  

 

What does Boca Raton have to offer?

 

Of course, one does not up and move to a new city just because the neighborhoods look pretty. Fortunately there are plenty of things besides this that make Boca Raton a great place to live. Whether it be its beautiful beaches or its quiet, safe neighborhoods, Boca Raton has plenty of things that set it apart from other Florida cities and make it a great place to live. Let’s look at a few now! 

 

Safe Neighborhoods in Boca Raton

 

One of the most attractive things about Boca Raton is its exceptionally low rate of violent crime. The Boca Raton law enforcement community is well trained and well paid, and is incredibly effective at combating violent crime. The occurrence of violent crime in Boca Raton is a meagre 2.19 crimes committed per 1,000 residents, per year, making it one of the safest cities in the state when it comes to criminal violence. 

 

Sunny Beaches

 

Another enticing perk of living in Boca Raton is its close proximity to beautiful sunny beaches. With its prime location on the shores of the Atlantic ocean, Boca Raton has a broad selection of sunny beaches to choose from. During the heat of the summer, there’s not much that can top a refreshing dip in the ocean pretty much all year long. Add to that the fact that most neighborhoods in Boca Raton are within a 20 to 30 minute walk from the beach and you have yourself the perfect summer getaway or year-round home. 

 

Golf 

 

Do you love Golf? If you do, then Boca Raton is perfect for you! With a wide variety of private golf courses and five star luxury resorts, there is no shortage of greens and courses to try out, with enough challenge to keep even the most demanding of connoisseurs. If your idea of a perfect Saturday morning involves golf clubs, a caddy and a tall long Island Iced tea, then there’s no question that Boca Raton is the place to be.

 

Shopping

 

With a community consisting primarily of upper class businesspeople and out-of-state vacationers and retirees, it would make sense that Boca Raton has a wide variety of shopping malls and stores. For those who enjoy shopping as a pastime, Boca Raton has everything you could ever want and more. From swanky Gucci and Armani retailers to down-to-earth thrift stores and bargain bin-type outlets, Boca Raton really is a shopper’s paradise. 

 

Pet friendliness

 

If you have a beloved pet partner, you’ll be happy to know that Boca Raton is one of the most pet-friendly cities in Florida. From the abundance of veterinarian clinics and pet supply stores to the sheer number of people walking their pets or pushing them in specially designed carriages to the welcoming attitude most businesses have towards pets, it’s clear that this city simply loves these loveable companions. If you have a furry friend that is dear to your heart, you’ll find a welcoming environment for the two of you in Boca Raton. 

 

Education 

 

For those with families, we’ve got good news: Boca Raton is a great place to nurture and care for your kids! In addition to the excellently low crime rates, Boca Raton has a great selection of schools, with high standardized testing scores and excellent college acceptance rates. Anyone who has kids knows that education is a crucial factor in a developing child’s life; fortunately, if you move to Boca Raton, this base will be well covered. 

 

As an added bonus, your kids will have access to higher education as soon as they graduate, at the excellent University of Miami. UM is just a stone’s throw away from Boca Raton in the city after which it is named, the metropolitan Miami. 

 

Moving to Boca Raton

 

Now, with all these things going for it, it’s entirely possible that we’ve sold you on moving to Boca Raton. The list of pros is pretty long, after all. But how exactly should you go about buying in and relocating to Boca Raton, and what should you know before you take the plunge? Let’s get into it! 

 

Boca Raton Real Estate Market

 

Before you move to Boca Raton, you should know something: houses are expensive. The average home price in Boca Raton is over $400,000, which might turn away those with less available capital. However, if you’ve got the necessary financial stability, you’ll find that buying a home in Boca Raton is a great investment. Housing prices in Boca Raton are steadily rising, and the constant influx of snowbirds shows no signs of slowing down. In conclusion, if you make respectable wages and want to invest, Boca Raton might be the place for you, if not, you might want to keep looking. 

 

Buying a house in Boca Raton 

 

Now, if you’ve decided to move to Boca Raton, you’ll find that there is a wide variety of real estate available. From upscale gated communities populated by wealthy doctors and lawyers to eco-friendly, space efficient micro-apartments and beach condominiums, there’s a little something for everyone.

But how is one to go about finding a suitable listing? Well, the best way is to contact one of the top realtors in Boca Raton FL. Your new real estate agent will not only help you find the right listing for you, but also help you with all the preliminary closing paperwork and other necessary tasks you’ll have to take care of before you can move into your new home.
Once you’ve set up shop in Boca Raton, you’ll soon find it to be a wonderful town that might just end up becoming the place you call home. If there’s one thing to be said about this city that simply can’t be denied, it’s the simple fact that it is a wonderful place to live!