Saturday, July 11, 2015

Renting Before Buying | Real Estate | Venice FL

People seeking refuge from winter weather or retiring have a lot of choices when it comes to Florida real estate.  Does renting for a year to see if you like an area make sense?

Rent before buy Venice FL real estate

I've been posting neighborhood market reports for the past couple of weeks.  Values are increasing dramatically (in Venice and most of the rest of Florida) because of demand.  Take a look at the numbers for an entry level neighborhood, South Venice:

South Venice FL real estate prices

The median sales price for a South Venice single family home increased $26,000 in the first six months of 2015 compared to the same period last year.  If you decided to rent a home in South Venice, rental rates for a single family home on an annual basis are around $1200 per month, equaling $14,400.  

Renting for a year in South Venice could cost you $40,400.  Look at that equity you missed out on.

I like to say that homes are homes and people are people, no matter where you live.  What makes towns and cities different are the amenities that are important to you.

Start building equity in Venice's strong real estate market by contacting me today.

No comments:

Post a Comment