Are your clients ready to beat Tampa’s rising rent prices? Rent costs are skyrocketing throughout Florida and those looking to cut down on monthly bills may be pleasantly surprised to find that the cost to own a new home in Tampa is actually more affordable than renting!
As a Florida Realtor®, this information most likely doesn’t come as news to you. We invite you to share the below with your first-time homebuyer clients to help them see how they can save by becoming a homeowner!
According to the 2020 Rent Report from Apartment Guide, the cost of renting a two-bedroom apartment in Tampa has increased a whopping 12% in the past year with the average monthly rent of $1,899.69. Studio and one-bedroom apartments in the city also saw huge price increases.
While apartment costs have climbed, the cost of a new home has become increasingly more affordable with current interest rates. For example, at Tuscany Bay in Gibsonton, your clients can own a three-bedroom townhome for just $1,246 per month! This is a total mortgage payment based on a new townhome priced at $188,260 with FHA 30-year fixed financing with a minimal 3.5% down payment and 3.75% qualifying rate, and includes the mortgage principal and interest, property taxes, homeowner’s insurance, and FHA-required mortgage insurance.
Just 15 miles from Downtown Tampa, the gated Tuscany Bay community offers luxurious three-bedroom townhomes with modern open layouts, gourmet kitchens and private master suites. Each home includes a one-car garage, charming front porch, and a private covered lanai or patio. Inside, you will find luxurious touches including ceramic floor tile, granite countertops, and Samsung stainless steel appliances. Move-in ready features such as window blinds and a full-size Samsung washer and dryer are also included for convenience.
Within this gated community, your clients can enjoy amenities including a pool and cabana, and living within walking distance of local shopping and dining. Included in the HOA, your clients receive exterior and lawn maintenance, basic cable and water, and sewer and garbage utilities. And, when compared with the cost of renting a two-bedroom apartment, your homebuyers at Tuscany Bay will save over $600 per month!
For your buyers who prefer a single-family home, the Chelsea at Serena Ridge is priced at an affordable $238,900, which equates to a monthly payment of $1,573 with the same financing assumptions as above. This means homeowners at Serena Ridge can save over $300 per month compared to the average rent of a two-bedroom apartment in Tampa.
Located in Seffner, Serena Ridge is a mere 13 miles from Downtown Tampa and minutes from nearby shopping and dining options at Winthrop Town Center and Westfield Brandon Mall. The Chelsea home plan, one of more than ten home designs your buyers may select from at Serena Ridge, offers 1,535 square feet of desirable open-concept living space with three bedrooms, two bathrooms and a two-car garage. And, building at Serena Ridge means your clients will be able to personalize their new home with a variety of design options to fit their style and needs.
If your buyers are ready to beat the increasing rent prices in Tampa and own a home of their own, we invite you to bring them to visit one of our Tampa Bay-area communities, learn more on our website at www.highlandhomes.org/new-homes/florida/tampa-bay, or call or text our Tampa New Home Specialists at 863-797-4999!
Highland Homes has been building quality new homes in Orlando, Tampa Bay, Lakeland-Winter Haven, and beyond since 1996 and appreciates providing value to Florida REALTORS® and your clients. To discover the benefits of selling with Highland Homes and to pre-register your clients, visit HighlandHomes.org/Realtors.
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