Thinking of investing in real estate? Sarasota is an amazing option!
Provided you invest in the right property market, you can be assured of both consistent rental income and an appreciation in value. Your real estate can also serve as a hedge against inflation and other economic shocks.
With several property markets to choose from, why should you invest in Sarasota, Florida? The experienced team at Stringer Management has put together this article to advise potential investors on why Sarasota real estate is right for you.
The Climate
Similar to the larger Florida area, Sarasota boasts one of the best climates in the world. Since its nickname is the “Sunshine State”, it means guaranteed sunshine all year round! Residents can attest that Sarasota enjoys close to 300+ days of good weather all year long.
Say goodbye to the harsh winter climate and the seemingly never ending days of bundling yourself with so many clothes you can’t even recognize yourself in the mirror!
Tourism
Thanks to the good weather and numerous beautiful beaches, Sarasota enjoys a vibrant tourism industry. The snowbirds descend upon Sarasota each year, escaping the harsh weather of the north in need of some good old sunshine.
The unorthodox investor can choose to use their property for short-term rentals. With the generous flow of clients, you can be able to make ends meet and also make a sizable return.
You should, however, note that short-term rentals are a niche market and you’ll have to make certain additions to your property to lure them in.
Attractions
The beach is not the only attraction in Sarasota. Some notable attractions and recreational activities in the area include Myakka River State Park, Sarasota Jungle Gardens, the John & Mable Ringing Museum of Art, and Mote Marine Laboratory & Aquarium.
With diverse recreational options, tourists are spoilt for choice in terms of what to do. They can choose to hike, bike, or simply have a good time in the sun.
For those visiting with children, don’t fret. There are a number of children-friendly attractions in Sarasota. Of notable mention is the Marietta Museum of Art & Whimsy. Take your child there and they will make memories that will last them the whole year.
Now you know why there are thousands of tourists who visit the area on an annual basis!
Population Growth
From our experience in the Sarasota property market, we always advise our clients that the best areas to invest in are the ones with a growing population. This should be a key criterion for any investor, other than location, amenities, and price of the property.
The population in the Sarasota area has been growing steadily over the years and is projected to increase steadily over the next decade. This should incite you to make that final push and invest in the area.
With an increase in population, the demand for housing is bound to go higher. As a property owner, you’ll be able to charge more for your rental space.
In addition, you’ll be able to enjoy an appreciation of value. Should you want to exit the market years later, you’ll be smiling all the way to the bank.
Education
Sarasota enjoys good attention from parents and young couples looking to grow roots in the community. This can be attributed to the quality of schools in the area. Sarasota is served by high quality schools offering comprehensive educational programs.
Southside Elementary School, Bay Haven Elementary, Sarasota Middle School, and Pine View High School are some of the must-mention options that rank highly year in year out.
Furthermore, you won’t have to send your child out of state to get a good education. There are several quality colleges in Sarasota. Our top tip when investing in this area is checking out these top schools: Ringing College of Arts & Design, New College of Florida, and the University of South Florida Sarasota.
Affordable Real Estate
The last reason why you should invest in Sarasota is the affordable real estate. While you might find hotter property markets in California and New York, the price associated with real estate is quite restrictive.
In these tough economic times, a rational investor is looking for an affordable real estate option with good rental demand.
Compared to other options in the state and across state borders, Sarasota is quite affordable. Even with a few hundred thousand dollars, you’ll be able to secure a sizable investment.
Conclusion
With its beautiful weather, growth in population, and affordable real estate, investing in Sarasota property should be a no-brainer. Rental real estate gives you an assurance that other forms of investment assets cannot compete with.
However, to make the right investment in Sarasota property, you might need the experience and expertise of a local property firm known for their professionalism, integrity, and accountability.
You can rely on the experienced team at Stringer Management! We’re a property firm with over three decades of experience serving Manatee, Sarasota, and Charlotte Counties.
From our years of practical experience, Stringer Management can advise you accordingly, ensuring that your potential investment matches your investment goals. We can also help you with the next step of property investment, which is property management.
We’ll design and implement a customized package that meets your exact property needs. Get in touch with Stringer Management today and enjoy a comprehensive property solution that will help you achieve your ROI target!
