Generate Income Investing In Lakewood Ranch Real Estate

Generate Income Investing In Lakewood Ranch Real Estate

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Along the west coast of Florida, situated in both Sarasota and Manatee County, the town of Lakewood Ranch is bucking the national downward trend in real estate. Even though the rest of the country appears to be suffering, Lakewood Ranch, an 8,500 acre master-planned community, has already sold greater than 170 houses this year. As Brian Kennelly, President of Lakewood Ranch Commerical Realty appropriately stated, "Lakewood Ranch is without a doubt the growth corridor in the region and the state right now."

Additionally, the overall Sarasota market is also improving. Total sales are up just over 4% on the year and the Sarasota Association of Realtors reports that they just had their second best number of sales in the past six years.

However, the thing to remember concerning all these stats which have been emerging lately regarding the Lakewood Ranch and Sarasota real estate markets is that they are specifically talking about the quantity of sales or transactions, NOT the price of the homes. While there is certainly evidence to indicate that Lakewood Ranch home prices are on the rise again they nonetheless remain very low.

There are a couple of reasons why prices continue to be low. One, there is still a good amount of concern about the real estate market nationwide and the national economy seems to have stalled yet again. And two, it still remains more difficult to acquire a loan in the present day than it was prior to the housing bubble burst. As a result, despite the fact that homes are more affordable now than they have been in many years, people are still often unwilling to buy a home and those who want to purchase a home may not have an easy time obtaining a loan. This, in turn, has held prices low even in a region that generally seems to growing.

Luckily, this creates a market that is perfect for those interested in investing in real estate. First of all, the fact that the nation's economy is still stagnant is actually keeping interest rates extremely low thereby making buying a home a lot more cost-effective. And, here's the key piecethe fact that home mortgages are tough to acquire combined with the hesitancy of people to purchase a home has created a red hot market for rentals in Lakewood Ranch.

Lakewood Ranch rentals usually have numerous offers the same day they come on the market. With rents in Lakewood Ranch averaging $1/sq. ft. you'll have a positive income right away. Not only that, but rent prices have actually increased in the last couple of years. The truth is, there's no question that the landlords are 100% sitting in the driver's seat in Lakewood Ranch.

About the Author:
Here's the kicker...you will save even more money when investing in Lakewood Ranch real estate simply by using a company that pays you back. For additional info on how uKeepCommission Real Estate can save you money speak to Tanya Waxler, Florida Licensed Broker, at 941-465-9207 or online at http://www.uKeepCommission.com



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