If you are like many people thinking of buying a home in Tampa or anyplace in Florida, you may have friends and relatives questioning your sanity. If you are wondering whether buying a home in Tampa, Florida makes good financial sense, there are a few thoughts to ponder. Are you wondering why you are buying a home, in the first place?
It's true that those who bought property a few years ago have suffered a financial loss of equity, if they are trying to liquidate at a profit. For those that held onto their home, the loss won't occur, unless they sell before prices go up. It's expected that prices will remain lower through 2012, but by 2015, an appreciation of 10% is expected and that's still better than putting your money in a savings account, nowadays.
The main reasons it makes sense to buy a home in Tampa, Florida or anyplace else are fairly basic. You are probably looking for a place to raise your family, looking for good schools and a stable neighborhood or looking for a larger home, with more space. Other reasons may involve non-financial reasons, such as being able to own a pet if you want or being able to paint walls and remodel, which is difficult to do when renting.
When faced with naysayers, think about the age-old saying that states you should “buy low and sell high”. Nobody is claiming this is a good time to sell a home and make a huge profit, but it is a great time to purchase a home and see some appreciation, down the road. Buying a home in Tampa, Florida makes financial sense and you are likely to see appreciation in a few, short years.
If you have any questions about Tampa real estate please contact us.