So, after years of 80-hour work weeks, I finally have enough money in my savings account to put down a deposit on a family home. I have my eye set on some properties in Seffner, but I’m beginning to wonder if now really is the right time to invest in real estate in that CDP. Don’t get me wrong, I can’t wait to stop wasting money on rent, but I want to make sure that I invest in the right assets. One figure that is concerning to me in regards to the Seffner real estate market is the fact that homes have been depreciating in value for the past 10 years. Of course, that stat could mean that in the current year, it’s a buyer’s market, as properties are being undervalued. Analyzing the real estate market sure is stressful.
So, let’s talk about some of the reasons why I’m attracted to the Seffner area. Well, perhaps my main reason for being drawn to the district is that I work in downtown Tampa and it’s only a short 21 km commute away. Also, the landscape in the area is particularly visually appealing. I mean, who doesn’t like oak trees, lakes and strawberry farms? I’m thinking I could cash in big at next year’s Florida Strawberry Festival by picking up a few tricks of the trade from the locals.
Another reason I want to live in Seffner, or Florida more generally, is because of the mild winters. Also, it’s not called the “Sunshine State” for no reason. I understand that the high humidity and regular thunderstorms aren’t for everyone, but I love long, hot summers.
As far as I can tell, the house prices in Seffner seem very reasonable, as does the cost of living. I don’t have a large family, so don’t really need a multi-bedroomed property. However, I’m thinking that a 4-bedroomed home in the area could be good for investment purposes. What’s more, if I ever find myself falling on hard times, I could let out some of the unused rooms to help cover the monthly mortgage repayments. As rental possibilities are on my mind, it would be great if I could find a property that also has multiple bathrooms. After all, everyone likes some privacy and properties with extra bathrooms are more likely to hold their value during economic recessions.