Rents are Skyrocketing! Set Your Sights on a New Home in Tampa.

Posted: March 18, 2020 | Categories: Communities | News | General Info | Communities>Tuscany Bay | Communities>Serena Ridge
By Highland Homes

rent costs spike in FloridaIn Florida and across the country, rent costs are climbing. If you rent in Tampa and are wondering how to cut your monthly bills, you may be pleasantly surprised to learn the cost to own a new home in Tampa can be more affordable than renting! 

According to the 2020 Rent Report from Apartment Guide, the cost of renting a 2-bedroom apartment in Tampa has increased a whopping 12% in the past year with the average monthly rent for a two-bedroom unit costing $1,899.69 in 2019 – Ouch! Studio and one-bedroom apartments in the city also saw huge price increases.

In contrast, you can own a three-bedroom townhome at Tuscany Bay in Gibsonton for just $1,246 per month! This is a total mortgage payment based on a new townhome priced at $188,260 with FHA financing with a minimal 3.5% down payment, and includes your mortgage principal and interest, property taxes, homeowners insurance, and FHA-required mortgage insurance.

Chardonnay great roomLocated just 15 miles from Downtown Tampa, this gated community offers luxurious new townhomes in Tampa Bay with three bedrooms, a modern open layout, gourmet kitchen, and private master suite, along with a 1-car garage, front porch, and private covered lanai or patio (per plan). Luxurious finishing touches include granite countertops, ceramic floor tile, and Samsung stainless steel appliances, along with convenient move-in ready features such as window blinds and a Samsung washer and dryer.

Enjoy a gated community entrance, amenities including a pool and cabana, walking distance to local shops and dining, and a low-maintenance lifestyle with your exterior and lawn maintenance, basic cable, and water, sewer, and garbage utilities all included in the HOA! You will save more than $600 per month when compared with the cost of renting a two-bedroom apartment, have more space, and best of all it’s ALL yours - What more could you ask for?!

Chelsea floor planIf you prefer a single-family home, the Chelsea at Serena Ridge can be yours for as low as $1,573 per month! Similar to above, this is a total monthly payment including your full cost of homeownership and saves you over $300 per month when compared to the average two-bedroom apartment rent in Tampa. 

The popular Chelsea home plan offers 1,535 square feet of open-concept living space with 3 bedrooms, 2 bathrooms including a private en-suite owner’s bath, and a 2-car garage. When you build your new home at Serena Ridge, you get to personalize your home to your style and needs through the selection of a wide array of home design options. And, when you call Serena Ridge home, you’re merely minutes away from dining and shopping at the Westfield Brandon Mall or the Winthrop Town Center, and 13 miles from Downtown Tampa. 

Ready to beat the increasing rent prices in Tampa and own a home of your own? As a new home builder in Tampa Bay, we would be honored to assist you in finding the new home of your dreams and helping you save money when compared to the rising cost of renting! For more information and to connect with our Tampa New Home Specialists, call or text us at 863-797-4999 or email us today!


Tags: Tampa Bay Tampa Serena Ridge Tuscany Bay Single-Family Homes Amenities Open Space Gated Community Swimming Pool Ponds I-4 I-75 Relocating to Florida