Why Invest in a Property in Sarasota?

Sarasota is one of the best beach destinations in the US, but this city is not popular solely for that reason because it also has a fascinating cultural scene with plenty of museums, art galleries, boutiques and restaurants. But what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Sarasota:

1. Convenient location

One of the main advantages of investing in Sarasota is its prime location since it’s situated in the heart of Southwest Florida. It’s close to major cities like Tampa, St. Petersburgo, Fort Myers and Cape Coral, so traveling between these cities doesn’t end up being a hassle.

In addition to this, the downtown of Sarasota is just 15 minutes drive from the Sarasota Bradenton International Airport.

2. Plenty of outdoor activities

The tourism sector is thriving in Sarasota, which means that a great number of overnight visitors arrive in this city to experience its beautiful beaches and cultural scene each year. Sarasota County welcomes more than 3M visitors per year, making this destination perfect for short-term rentals.

Expectations When Buying A Property in Sarasota, Florida

Aside from the pros of investing in a property in Sarasota, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Real estate prices are rising

Living in a destination with the best beaches has its benefits, but sadly, the housing market prices are not one of them. Currently, the average property price in Sarasota is $570K, with a 1-year value change that is trending up 20% per year. You should keep in mind that the closer your dream property is to the beach, the higher the price will be. Yet, the housing market value is still cheaper if we compared it to other beach destinations in Florida.

2. Tropical climate and its disadvantages 

While living in Sarasota will let you enjoy sunny and warm weather most of the year, it also has its downsides as tropical weather. For example, you will need to bear the humidity but also occasional hurricanes and tropical storms. 

Perks of buying an Airbnb Property in Steamboat Springs

It’s a given fact that Steamboat Springs offers striking natural surroundings and is also a place where visitors can experience exciting adventures. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in  Steamboat Springs:

1. Top-tier destination for outdoor enthusiasts

Steamboat is a renowned ski destination during the winter season, but it’s also a great place to visit during summer days because there’s no shortage of outdoor activities. For this reason, it’s understandable that many travelers tend to come back to the city each year. So if you’re looking to cater to tourist accommodations you can expect a great number of overnight visitors in Steamboat Springs.

2. Steamboat Springs is quite safe 

Aside from looking for a profitable city, it’s also important to consider whether the location you are targeting is safe or not. If you’re looking to invest in Steamboat Springs, then you will be glad to know that the crime rate in this city is 48% lower than in other cities in the state. 

3. Low property tax

Another great aspect of investing in an Airbnb listing in Steamboat Springs is that the property taxes are low. Located in Routt County, Steamboat Springs’ average property tax rate is 0.34%, which is fairly lower than the national average of 0.99%.

What should you expect when buying a property in Steamboat Springs?

Aside from the pros of investing in a property in Steamboat Springs, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

• It’s not a cheap city

Steamboat is undeniably a captivating city and while it has many positive aspects, we also need to analyze its downsides, for example, the housing market and cost of living. The median property price is currently $1,057,076 with a 1-year value change of 10.7% as confirmed by Zillow House Index.  In addition to this, the living cost is 36% more expensive than the US average and 23% higher than other cities in Colorado. 

Pros of Buying An Airbnb in South Lake Tahoe

Leaving behind the fact that South Lake Tahoe is a charming place surrounded by breathtaking natural beauty, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in South Lake Tahoe:

1. Low tax rates

One of the advantages that you will enjoy when investing in South Lake Tahoe is the low tax rate! Moreover, there are no income state taxes in California and the average effective property tax rate in El Dorado County is just 0.87%, which is lower than the national average of 0.99%.

2. Plenty of outdoor activities and good touristic demand

South Lake Tahoe offers a variety of exciting outdoor activities for visitors and locals alike. In fact, if you’re the adventurous type, you will love this city because there are plenty of options to do in its natural surroundings. Thanks to this, the Lake Tahoe area became a popular tourist destination that attracts around 15M visitors per year.

Cons of Buying An Airbnb in South Lake Tahoe 

Now that we know the pros of investing in South Lake Tahoe, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High Cost of Living

While South Lake Tahoe’s cost of living is cheaper compared to other cities in the state when it comes to comparing it with the national average, it’s 18% more expensive and housing prices are 84% higher. Currently, the average housing price in South Lake Tahoe is at $643K based on Zillow Index.

2. Be prepared for the snow season

During the winter season, South Lake Tahoe experiences heavy snow which can lead to leads to difficult road conditions, making it hard to travel around. Yet, the good side is that the city does a great job of plowing the roads!

Pros of buying an Airbnb Property in Seattle

The Emerald City, Seattle, offers stunning landscapes as the gateway to Alaska! The city is filled with great restaurants, bars and eclectic neighborhoods, so there’s always something new to discover here. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Seattle:

1. Booming economy

Seattle is one of the fastest-growing regional economies in the US, expanding at an annual rate of 4.9%! The job market is booming as professionals can find plenty of opportunities here, especially in the technology field since Seattle is home to major tech industries and is also a hub for start-ups. 

2. Bustling tourist destination

Seattle can easily catch people’s attention with its fascinating atmosphere that is surrounded by mountains and lakes! In fact, a great number of travelers arrive in the city each year to enjoy the outdoor and cultural activities in the city. According to Visit Seattle portal, around 21M tourists visited the city before the pandemic and now, Seattle’s tourism industry is trending up again year-over-year.

3. Great location

Let’s be honest, location plays an important role if we are talking about real estate investments. Seattle enjoys a great location in Washington as it’s situated between Lake Washington and Puget Sound of the Pacific Northwest. Here, we can find one of the most important and busiest ports, the Port of Seattle. The main airport is located just 13 miles away from Downtown Seattle. In addition to this, we can’t forget to mention the city’s proximity to major cities like Tacoma & Portland as well as Victoria & Vancouver, Canada.

What to Expect When Purchasing a Property in Seattle?

Now that we know the pros of investing in Boston, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High cost of living

While Seattle’s housing market is one of the hottest in the country, it’s also considered one of the most expensive cities. The average housing value here is $831K as confirmed by Zillow Index, which is 80% higher compared to other cities in the state. In addition to this, the overall cost of living is 57% higher than the national average.

2. Terrible traffic!

It’s a given fact that Seattle is a bustling city, so you can already guess that the traffic here can end up being a nightmare. It’s guaranteed that the terrible traffic, especially during rush hours, will be part of your daily life. In fact, drivers lose around 46 hrs in congestion per year.