Tampa and Orlando Among Best Cities for Investing in Real Estate
Buying a home is a major decision. Whether you plan to live in this home for many years to come, or are purchasing it as an investment to rent out or re-sell, you might wonder if you’re making a sound financial investment.
BiggerPockets, the largest online forum for real estate investors in the world, recently analyzed the 50 largest housing markets in the United States to determine those which are the best and worst cities in which to invest in real estate. To do this, analysts measured home price appreciate gains over one year along with gross rents in each city, and calculated a total return on investment.
If you’ve been thinking of investing in a new home in Florida, there’s good news; three of the top 10 cities in the United States where you’ll find the biggest return on real estate investment are right here in Florida. Even better, we build new homes in two of those cities, Tampa and Orlando.
Tampa, which ranked No. 6 on the list, saw a 16.4 percent return on real estate investment from 2014 to 2015. Add in the affordable cost of living, the area’s favorable job market, and a variety of shopping and entertainment destinations and there are many exciting reasons to call Tampa your new home.
Rounding out the top 10 best real estate markets to invest in is Orlando, where investors saw a 14.9 percent return on investment. In this city, you can own a new home for an affordable price while benefiting from the area’s thriving economy, low unemployment rate and some of the best entertainment destinations in the world (Disney World, anyone?).
We’ve recently written about how buying is cheaper than renting in Tampa and Orlando, which are some of the top housing markets in the country. This investment study further confirms that Tampa and Orlando truly are two of the best cities in the United States to own a home.
Highland Homes builds quality new homes in communities throughout Florida, including metropolitan Tampa and Orlando. Whether you are seeking an easy-maintenance townhome or luxurious estate home on acreage, Highland Homes builds homes designed for your life and priced from the mid $100,000’s to the $300,000’s. And, with the opportunity to personalize your new home with hundreds of unique design options, you can rest assured that your new home is not only a sound investment, but somewhere you will love living for many years to come.
Visit the Highland Homes website for more information on our new homes in Tampa, Orlando and throughout Central Florida, and contact us at 863-797-4999 for a personalized consultation with a New Home Specialist who can assist you in finding the perfect home to suit your needs.