Why Should You Consider Buying An Airbnb in Sulphur?

As the Getaway to the impressive Chickasaw National Recreation Area, Sulphur offers plenty of outdoor activities such as camping, hiking and swimming while also allowing residents and visitors to enjoy its mineral water springs. Here are some of the major reasons why you should consider buying a property for Airbnb in Sulphur:

1. You will love the real estate market

Usually, one of the first things that investors consider when looking for a city to invest in is real estate market affordability and is reasonable that Sulphur has caught your attention. The median property price here is $225k which is below the national average. In addition to this, Murray County has an average effective property tax of 0.42% of assessed value, which is also one of the lowest in the State.

2. Enjoy the low cost of living 

If Sulphur’s real estate market already caught your attention, then let me add another positive side of this city: the low cost of living. Yes! The city not only has an attractive housing market, but also an affordable living cost that is 15% lower than the national average.

3. Take a break in this safe city

Aside from looking for an affordable city, it’s also important to consider whether the city is safe or not. Luckily, Sulphur will give you a bit of peace of mind as the crime rate is 26% lower than in other cities in the state. 

What are the cons of buying an Airbnb property in Sulphur?

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

• There’s a long way from the nearest airport

Sulphur features many positive aspects and it’s quite understandable why an investor would get interested in investing here. However, the biggest downside of this city is its proximity to the airport as it’s 114.2 kilometers away from the nearest airport (Will Rogers World Airport).

Why Invest in a Property in Tampa?

Tampa is the heart of Florida’s Gulf coast, which offers a variety of options for vacationers and business travelers. Here you will find fascinating wildlife, modern boutiques, historic museums and great restaurants. Moreover, the nightlife in Tampa is exciting! But what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Tampa:

1. Tampa is fairly affordable!

Tampa’s cost of living as well as housing market prices are quite reasonable considering you’re located in one of the famous tourist destinations of Florida! Currently, the cost of living is 3% less expensive than the national average, meanwhile, the median house value is $416K. Moreover, there are many property types that you can choose from, whether you’re looking for condos or multi-family homes, you will find it all!

2. Enjoy the world-class attractions

The tourism sector is thriving in Tampa and more and more visitors arrive in this city to experience its vibrant festivals, beautiful beaches and outdoor activities. If you’re interested in tourist accommodations, then you will find the tourist market of Tampa attractive since over 14M visitors arrive in the city annually.  

3. The job market opportunities

Tampa’s economy is steadily growing and this opens the door to an attractive job market that offers a variety of opportunities. The economic activities here are mostly based on tourist & accommodations, healthcare, finance and tech sectors. Moreover, the unemployment rate is 2.2% which is below the national average of 6.0%

Expectations When Buying A Property in Tampa

Aside from the pros of investing in a property in Tampa, 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. The tropical climate and its disadvantages 

Living in Florida allows you to enjoy sunny and warm weather most of the year, but it also means that you will have to go through the best part of the tropical weather. You will not only have to stand the humidity but also severe storms and hurricanes. Thus, it’s recommended to always be prepared for these natural disasters and create an emergency plan.

2. Good luck with the bugs and alligators

If you’re not a big fan of insects, then you may need to think twice about investing in Tampa because you will be dealing with these creatures a lot. Fire ants, palmetto bugs, roaches and mosquitoes are pretty common here. In addition to the bugs, Tampa is also home to a great population of alligators, though you won’t be seeing them that much, they will still appear around the city from time to time. While alligators are not known to be aggressive to humans, it’s always good to be aware of them.

Top reasons for buying an Airbnb Property in Portland

Also known as the City of Roses, Portland offers striking natural surroundings, a creative cultural scene and an exquisite gastronomy that will make your mouth water. 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 Portland:

1. Portland is an international tourist destination

It’s a given fact that Portland became a renowned touristy city that welcomes a great number of international and national travelers alike. This is one of the greenest cities in the US and offers around 300 parks for people to enjoy. In fact, Portland welcomes around 11M visitors annually.

2. Housing market: Relatively affordable 

The housing market in Portland offers a wide variety of property types as well as prices! While Portland’s real estate market went through a sudden increment in prices, it remains among the cheapest major West Coast cities to buy a house according to Norada Real Estate. Currently, the median housing value is $525K with a 1-year change value 0f 3.1%.

3. No shortage of job opportunities

Portland is home to many big businesses that have set up their HQs here, to name a few, we have Nike, Columbia, IBM and Intel! In addition to this, there are many startups and tech-based companies. We also must highlight that the tourism and hospitality sectors play an important role in the city’s economy. Thus, Portland attracts many people that are interested in its booming job market as well as entrepreneurs and self-starters.

Expectations When Buying A Property in Portland

Aside from the pros of investing in a property in Portland, 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. It’s not a cheap city

In Portland, the cost of living is 27% higher than the national average and 8% more expensive than in other cities in the State. But the positive aspect here is that in Portland there’s no sales tax.

2. Crime rate: Higher than the average

Not everything can be rosy and one of the biggest downsides in Portland is its significantly high crime rate. This aspect taints the great atmosphere of Portland a bit because is higher than the national average as there’s a crime rate of 66 per 1,000 residents. When it comes to property crime, the chance of becoming a victim is 1 in 17 based on NeighborhoodScout report.

3. Be mentally prepared for the traffic

We can deny that getting stuck in traffic is a headache and you can expect to get many with Portland’s congestion, things like this can become quite overwhelming. Drivers lose around 72hrs in congestion per year here and the bad news is that it gets worse as time passes.

Pros of buying an Airbnb Property in Washington City, Utah

Located in the southern central part of Utah, Washington City boasts amazing natural surroundings that open the doors to unique experiences. However, there’s more to learn about 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 Washington City:

1. The property tax rate is low

Property taxes can give headaches to homeowners from time to time, but don’t worry too much about paying high rates in Utah! Overall, Utah has an average effective property tax rate of 0.52%, which positions the State as the sixth-lowest in the country. Moreover, in Washington County, the rate is 0.61% assessed value.

2. How safe is this city?

While one should always be aware of their surroundings, Washington will let you take a breath away from violent crime issues. The crime rate here is 35% lower than the national average. In addition to this, the property crime rate is 28% lower than in other cities in the state.

3. Don’t worry about natural disasters!

It’s safe to say that property investors will always worry about natural disasters as they can greatly damage their properties. On top of that, insurance can be too expensive with certain damages. But the great news is that you won’t need to worry too much about these problems. According to Dwellics, in Washington, the city is not prone to natural disasters such as tornadoes, hurricanes and wildfires. 

What to Expect When Purchasing a Property in Washington City?

Now that we know the pros of investing in Washington City, 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!

• Real estate in Washington City: Is it affordable?

Washington is, without a doubt, an attractive city to invest in, however, investors with a limited budget will have a difficult time finding affordable houses here as the prices are above other cities in the US. The average housing price in Washington City is $650K with a 1-year change value of 12.6% according to Realtor.

Pros of buying an Airbnb Property in San Diego

It’s a fact that San Diego is a captivating city with almost perfect weather and picturesque beaches. From a variety of shopping options to renowned theme parks, San Diego certainly has something to offer to everyone and you will never get bored 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 San Diego:

1. Popular tourism destination

It’s undeniable that San Diego is one of the major tourist hotspots in Southern California and the tourism sector plays an essential role in San Diego’s economy as it brings a lot of tax revenue! Around 35M travelers visit this city annually to experience its fun recreational activities and lively atmosphere. This certainly is interesting info for investors who want to cater to tourist accommodations.

2. Booming job market 

San Diego is home to many large businesses and startups that allow it to enjoy a strong economy with a booming job market that is mainly based around sectors like healthcare, tourism & accommodations and manufacturing. In fact, the city has an unemployment rate of 2.7% which is lower than the national average of 6.0%.

3. Low crime rate

Safety is always a concern for homeowners and is always best to be aware of everything because we know that crime is something that can happen when you least expect it. Yet, San Diego is a quite safe city as its crime rate is 23 per one thousand residents and the chance to become a victim of property crime is 1 in 52.

Cons of purchasing a property in San Diego

Now that we know the pros of investing in San Diego, 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!

• Cost of living & real estate in San Diego

San Diego is a captivating city and while it has positive aspects, we also need to analyze its downsides, for example, the housing market and cost of living. The median property price is near $900K with a 1-year value change of 7%.  On the other side, the living cost is 50% more expensive than the US average.