Tampa, Florida, has long been a popular destination for those who want to relax, explore, and just bask in the sunshine. Some people come from other cities in the state of Florida and others come from around the world to vacation here, but there are plenty of reasons to consider buying a vacation home in Tampa.
When you fall in love with Tampa, you fall in love with the local community. You could be drawn to the stunning beaches and the exciting nightlife or you could be drawn to the family friendly activities. If you’re attracted enough by Tampa to want to put down some roots here, then buying a vacation home is the perfect option.
There is a high potential for lucrative rental income here, due to the area’s thriving tourism scene. So, investing in a property here can be both enjoyable and financially rewarding. Here are some of the reasons why buying a vacation home in Tampa is a smart move for your wallet.
The income potential.
The potential for passive income with a vacation home in Tampa is huge. The city is a top tourist destination, which means that there is a steady demand for short term rentals and AirBnB. If you’re not interested in managing the property on your own, you can easily partner with short term rental managers in Tampa.
These are the professionals that handle everything from booking your guests and handling inquiries, to ensuring that your house stays in good shape. You then get to enjoy all the benefits of owning your vacation home without all of the stress of the daily management. Given the growth in the tourism sector that is expected in Tampa, you could be confident that your property would remain booked year round.
The weather.
We can talk about how sunny Florida is, and how prone to hurricanes it is, but the tropical weather in Florida and Tampa specifically gives the perfect opportunity for year round vacationing. While the rest of the country may be dealing with cold winters or snow, Tampa stays sunny and warm no matter what.
The city has a tropical climate, and that’s appealing during those colder months. If you want to be able to work remotely, for example, you could live in your usual home state where you might get a harsh winter. During those winter months you could take yourself to your vacation home and work from there. People flock to Tampa to escape harsh weather, which makes it a reliable location for attracting renters in all seasons, including yourself when you want to use your vacation home for you!
The great outdoors.
Some of florida’s most beautiful beaches are found in Tampa. From Clearwater Beach to St. Pete beach, the area offers a huge variety of options for water lovers. You could spend your days lounging on the soft sand, or taking part in thrilling water sports.
Tampa is also home to numerous outdoor attractions such as Busch Gardens, hiking trails, parks, and boating opportunities. Owning a vacation home here means that you have access to all of these activities whenever you want them.
The culture.
It may be known for sunshine and beaches, but that’s not all tamper is known for. It’s a cultural hub that is known for its vibrancy, with a city that offers museums, theatres, and art gallery’s for those who enjoy them.
Tampa is also home to a huge lively music scene, with concerts and festivals taking part year round. Those who love art, who enjoy history, or love to immerse themselves in music will benefit from owning a vacation home in this city.
The growth potential.
Tampa itself is on the rise. The city has seen huge growth in Recent years, with new businesses and developments moving in. There are brand new fusion restaurants popping up regularly, which means that there are more opportunities for rental income as more people move to the area.
This growing economy also supports a thriving real estate market, which makes it the ideal time to invest in property. Whether you want to buy a modern condo or cozy beach house, the growth potential here ensures that there will always be demand.
There is no state income tax.
Did you know that Florida doesn’t have a state income tax? The benefits of buying a home in Tampa is that you don’t have to worry about the state income tax which means that you can keep more of your rental income rather than paying a chunk of it to the government.
This makes owning a vacation home in Tampa even more attractive, so whether you’re planning to rent the property out full time or enjoy during the offseason, the tax friendly environment makes the purchase more appealing.
The hospitality sector.
Are you in the mood for seafood? Do you want an upscale meal at a downtown eatery? Would you prefer a casual bite from a food truck? Tampa has got something for everybody, so the shopping scene and the hospitality sector of the city can make a big difference to your plans for buying a vacation home.
There’s a huge range of restaurants and shopping options and they all cater to a range of tastes and preferences.
The ease of accessibility.
Tampa is accessible by air with the airport serving as a major hub. It’s also easily accessible via road. For owners and guests travelling to him from the city, Tampa is the perfect environment for you to be able to access your vacation rental, or even to advertise it to others.
You can fly in for the weekend or you can welcome people from out of state, and the proximity to the city with the airport means that you don’t have to worry about long commutes.
Tampa is ideal for families.
Families that look for a vacation destination with everything included will often look for a good vacation rental to stay in. With the world famous amusement parks and the aquariums and the children’s museums, Tampa offers so much for families which means that you could offer your rental home to those who are looking for somewhere to sleep.
Owning a vacation home in Tampa also benefits you because you and your family will get to visit all of these places during the year too.
There is a strong rental demand here.
As one of Florida’s most visited cities, Tampa has a healthy demand for vacation rentals as we’ve already mentioned. The sunny weather, the attractions, and the outdoor activities mean that tourists flock here throughout the year.
There are so many short term rental platforms that have made it easier than ever to rent out a vacation property, and with short term rental managers, you can ensure that your property remains in high demand. This offers your steady flow of visitors, which means that you can generate substantial rental income from this. This gives you the return on your investment that you need.
If you’re looking to buy a vacation home in Tampa, you now know all of the benefits. Whether you’re interested in joining it for personal use or you want to offer it out for a rental part of the year or both, Tampa can give you the blender vacation friendly amenities and financial opportunities that you’ve been looking for.