Top Recommended Neighborhoods For Young Professionals

  TAMPA & ST. PETERSBURG, FL The suitability of a neighborhood for young professionals can depend on personal preferences, career opportunities, and individual circumstances. It's always recommended to research the specific neighborhood thoroughly and visit in person to get a sense of its atmosphere and amenities before making a decision. Tampa and St. Petersburg, located in Florida, offer a vibrant and diverse range of neighborhoods that are particularly attractive for young professionals. Here is a brief introduction to some of the top recommended neighborhoods in both cities: Seminole Heights (Tampa): Seminole Heights is a trendy neighborhood in Tampa known for its historic bungalows, local breweries, and eclectic dining options. It has a vibrant arts scene, with galleries and live music venues, making it an attractive choice for young professionals seeking a unique and creative atmosphere. South Westshore (Fair Oaks, Manhattan Manor, Guernsey Estates, Anita Subdivision) (Tampa): South Westshore is a desirable neighborhood in Tampa known for its convenient location near Tampa International Airport and major employment centers. It offers a mix of single-family homes and apartments, with easy access to shopping, dining, and entertainment options. Crescent Heights (St. Petersburg): Crescent Heights is a charming neighborhood in St. Petersburg known for its well-maintained historic homes and tree-lined streets. It offers a quiet and family-friendly atmosphere, with easy access to downtown St. Petersburg and nearby parks, making it an attractive choice for young professionals seeking a peaceful and close-knit community. Historic Kenwood Neighborhood (St. Petersburg): Historic Kenwood is a vibrant and artistic neighborhood in St. Petersburg. It features bungalow-style homes, tree-lined streets, and a strong sense of community. It has an active art scene, with regular art events and festivals, making it an ideal choice for young professionals seeking a creative and close community. Shore Acres (St. Petersburg): Shore Acres is a waterfront neighborhood in St. Petersburg, offering stunning views of Tampa Bay. It is known for its upscale homes, waterfront parks, and recreational opportunities. With its proximity to downtown St. Petersburg and the beach, Shore Acres provides a tranquil and coastal lifestyle for young professionals. These neighborhoods in Tampa and St. Petersburg offer a range of amenities, attractions, and lifestyles suitable for young professionals. Each neighborhood has its own unique character, allowing individuals to find a place that suits their preferences and interests. Remember that affordability can vary over time and depending on individual circumstances, so it's always a good idea to research current market conditions and consult with local real estate experts when considering a specific neighborhood. SEMINOLE HEIGHTS, TAMPA STARTING WITH MY SIDE OF THE BRIDGE (Tampa Bay) #1. SEMINOLE HEIGHTS AVERAGE SALE PRICE: $475,000 AVERAGE SQ FT: 1,540 Seminole Heights is a historic neighborhood located in Tampa, Florida. It is situated just northeast of downtown Tampa, and it has a vibrant and diverse community. Seminole Heights is known for its unique charm, tree-lined streets, and a mix of architectural styles, including bungalows, craftsman homes, and Mediterranean Revival houses. One of the defining features of Seminole Heights is its thriving food and drink scene. The neighborhood is home to numerous independent restaurants, cafes, and bars, offering a wide range of cuisines and dining experiences. From trendy gastropubs to classic diners, Seminole Heights has options for every taste. Seminole Heights is also known for its active community engagement and local events. The neighborhood hosts regular events such as the Seminole Heights Sunday Morning Market, which features local vendors selling fresh produce, arts and crafts, and food. Additionally, there are art walks, music festivals, and other cultural events that showcase the talents and creativity of the neighborhood. For outdoor enthusiasts, Seminole Heights offers several parks and green spaces to enjoy. Rivercrest Park and Epps Park are popular choices for recreational activities such as picnicking, walking, and jogging. The Hillsborough River runs along the western border of the neighborhood, providing opportunities for boating and fishing. Overall, Seminole Heights is a dynamic and lively neighborhood that combines historic charm with a modern and eclectic atmosphere. Its sense of community, diverse culinary scene, and active engagement make it a desirable place to live and visit in Tampa. SOUTH WESTSHORE (FAIR OAKS MANHATTAN MANOR, GUERNSEY ESTATES, ANITA SUBDIVISION) #2 ON TAMPA SIDE: SOUTH WESTSHORE (FAIR OAKS MANHATTAN MANOR, GUERNSEY ESTATES, ANITA SUBDIVISION) AVERAGE SALE PRICE: $485,043 AVERAGE SQ FT: 1,528 South Westshore encompasses several neighborhoods in Tampa, Florida, including Fair Oaks, Manhattan Manor, Guernsey Estates, and Anita Subdivision. This area is located in the southwestern part of the city, near the popular Westshore district and Tampa International Airport. Fair Oaks is a residential neighborhood known for its tree-lined streets and a mix of housing options. It primarily consists of single-family homes, ranging from cozy bungalows to larger, more modern residences. Fair Oaks offers a suburban feel with a convenient location close to shopping centers, schools, and recreational facilities. Manhattan Manor is another residential neighborhood within South Westshore. It features a diverse range of homes, including mid-century ranch-style houses and newer construction. Manhattan Manor offers a mix of owner-occupied residences and rental properties, making it an attractive option for families and individuals. Guernsey Estates is a small community known for its larger homes and spacious lots. It offers a more secluded and private atmosphere, providing residents with a sense of tranquility. Guernsey Estates is known for its well-maintained properties and a peaceful suburban lifestyle. Anita Subdivision is a smaller residential neighborhood within South Westshore. It features a mix of single-family homes, townhouses, and apartments. This neighborhood offers a more affordable housing option while still providing access to the amenities and conveniences of the surrounding area. In terms of amenities and attractions, South Westshore benefits from its proximity to the Westshore district. The Westshore Plaza Mall is a popular shopping destination with a wide range of retail stores, restaurants, and entertainment options. There are also several parks and green spaces in the vicinity, including Cypress Point Park, where visitors can enjoy outdoor activities and scenic views. South Westshore's location near Tampa International Airport makes it convenient for frequent travelers. The neighborhood's accessibility to major roadways, such as the Veterans Expressway and the Leroy Selmon Expressway, also provides easy access to other parts of Tampa Bay. Overall, South Westshore, including Fair Oaks, Manhattan Manor, Guernsey Estates, and Anita Subdivision, offers a variety of housing options, a suburban atmosphere, and convenient access to amenities, making it an appealing place to live in Tampa. CRESCENT HEIGHTS, ST. PETERSBURG Crossing the bridge over to St. Pete #1 STARTING OFF MY TOP RECOMMENDED AREA WOULD BE: CRESCENT HEIGHTS AVERAGE SALE PRICE:  $706,746 AVERAGE SQ FT: 1,890 Crescent Heights is a neighborhood located in St. Petersburg, Florida. It is situated just north of downtown St. Petersburg, bordering the Historic Uptown neighborhood to the south. Crescent Heights is known for its mix of residential properties, including single-family homes, apartments, and townhouses. The neighborhood gets its name from Crescent Lake, a beautiful and serene lake located within its boundaries. Crescent Lake Park is a prominent feature of the area, offering residents and visitors a peaceful retreat with walking paths, picnic areas, and playgrounds. The park is popular for outdoor activities such as jogging, dog walking, and enjoying nature. Crescent Heights is characterized by tree-lined streets and a variety of architectural styles. You can find a range of housing options, including historic bungalows, Mediterranean Revival homes, and modern residences. The neighborhood has seen revitalization efforts in recent years, attracting young professionals, families, and individuals seeking a vibrant urban lifestyle. The location of Crescent Heights provides convenient access to the amenities of downtown St. Petersburg. The downtown area offers an array of dining options, shopping boutiques, art galleries, and entertainment venues. The Salvador Dalí Museum, Mahaffey Theater, and St. Petersburg Museum of Fine Arts are just a few attractions located nearby. Additionally, Crescent Heights is close to the bustling 4th Street corridor, which is known for its shopping centers, restaurants, and commercial establishments. This proximity ensures that residents have easy access to everyday necessities and recreational opportunities. Overall, Crescent Heights offers a desirable residential experience with its attractive housing options, proximity to downtown St. Petersburg, and the natural beauty of Crescent Lake Park. It combines the charm of a historic neighborhood with the convenience and amenities of a thriving urban area. HISTORIC KENWOOD NEIGHBORHOOD, ST PETERSBURG #2 HISTORIC KENWOOD NEIGHBORHOOD AVERAGE SALE PRICE: $543,796 AVERAGE SQ FT: 1,383 Historic Kenwood is a charming and historic neighborhood located in St. Petersburg, Florida. It is known for its beautifully preserved bungalow-style homes and a strong sense of community. The neighborhood's history dates back to the early 1900s when it was originally developed as a streetcar suburb. Many of the homes in Historic Kenwood were constructed between the 1910s and 1950s, showcasing architectural styles such as Craftsman, Mediterranean Revival, and Colonial Revival. The neighborhood's designation as a historic district has helped preserve its unique character and architectural integrity. Historic Kenwood is highly regarded for its commitment to historic preservation. The neighborhood association actively works to maintain the architectural integrity of the homes and provides resources to residents for restoration and renovation projects. The result is a visually appealing neighborhood with tree-lined streets, well-maintained homes, and a cohesive aesthetic. One of the highlights of Historic Kenwood is its vibrant art scene. The neighborhood is home to numerous artists, galleries, and studios. Every year, the Artists Enclave of Historic Kenwood hosts an annual studio tour, allowing visitors to explore the art studios and meet local artists. The neighborhood also hosts art-related events and workshops throughout the year, fostering a creative and artistic atmosphere. Historic Kenwood residents take pride in their community and actively participate in neighborhood events and organizations. The Historic Kenwood Neighborhood Association organizes social gatherings, neighborhood clean-ups, and advocacy efforts to enhance the quality of life in the area. The strong community spirit and active involvement contribute to the welcoming and friendly atmosphere of the neighborhood. In terms of amenities, Historic Kenwood is located near the vibrant downtown area of St. Petersburg. Residents have convenient access to a wide range of restaurants, shops, entertainment venues, and cultural attractions. The neighborhood is also within close proximity to several parks, including nearby Kenwood Park, which offers green spaces, a playground, and recreational facilities. Overall, Historic Kenwood is a highly regarded and cherished neighborhood in St. Petersburg. Its well-preserved historic homes, active art community, and engaged residents create a unique and appealing living environment. Whether you appreciate architecture, art, or a strong sense of community, Historic Kenwood offers a delightful living experience. SHORE ACRES NEIGHBORHOOD, ST PETERSBURG #3. SHORE ACRES AVERAGE SALE PRICE: $560,109 [NOT INCLUDING THE WATERFRONT HOMES WHICH CAN GO UP TO A COUPLE MILLION DOLLARS] AVERAGE SQ FT: 1,584 Shore Acres is a desirable residential neighborhood located in northeast St. Petersburg, Florida. It is situated on a peninsula surrounded by Tampa Bay and several interconnected canals and waterways, offering residents scenic water views and access to outdoor recreational activities. The neighborhood of Shore Acres is known for its diverse range of homes, including single-family houses, waterfront properties, and upscale estates. Many homes in Shore Acres feature architectural styles such as mid-century modern, ranch, and Mediterranean Revival. The area has experienced development over the years, with a mix of older homes and newer construction. One of the main attractions of Shore Acres is its waterfront location. The neighborhood offers numerous opportunities for boating, fishing, kayaking, and other water-based activities. Residents can take advantage of the nearby boat ramps and marinas for easy access to the bay and Gulf of Mexico. Shore Acres is also home to several community parks, including Shore Acres Mini Park, which features a playground and picnic area. Shore Acres is known for its well-maintained streets and lush landscaping, creating an aesthetically pleasing environment for residents. The neighborhood association actively works to maintain the beauty of the area and organizes events and activities to foster a strong sense of community. The annual "Shore Acres Homeowners' Association Parade of Homes" is a popular event that showcases the neighborhood's diverse architecture and community spirit. In terms of amenities, Shore Acres is conveniently located near shopping centers, restaurants, and other commercial establishments along 4th Street North. Downtown St. Petersburg is just a short drive away, offering a vibrant downtown atmosphere with a wide range of dining, entertainment, and cultural options. Additionally, Shore Acres provides easy access to recreational areas such as Weedon Island Preserve. This nature preserve offers hiking trails, kayaking, and educational programs that allow residents to explore the natural beauty of the region. Overall, Shore Acres is a desirable neighborhood in St. Petersburg, Florida, known for its waterfront location, diverse housing options, and community involvement. Its proximity to outdoor activities, amenities, and downtown St. Petersburg make it an attractive place to live for those seeking a coastal lifestyle.        

Real Estate Cycles

  Real Estate Cycles Recovery, Expansion, Hyper Supply, and Recession   The four phases of the real estate cycle are recovery, expansion, hyper supply, and recession. Real estate cycles are influenced by global crises, population disparity, interest rates, and overall economic health. What are the 4 phases of the real estate cycle? The real estate life cycle follows four phases that we’ve cycled through many times throughout history. Remember, while these phases are in a numbered list, they’re a part of a constantly spinning cycle. So, despite its place at the start of the cycle, the recovery phase is considered the bottom. This is because after the recession phase, the market itself is considered to be at its lowest. Let’s take a look at the four cycles of real estate: Recovery Expansion Hyper supply Recession   Recovery: While the recovery phase is often listed as the first phase, the real estate cycle is circular, meaning that the recovery phase occurs after the recession phase. In the recovery phase, the real estate market begins at a low point from the recession phase—occupancy and rental rates are low, and new construction slows—and gradually rises in strength. If there is any rental growth, it occurs below the rate of inflation. For individual homeowners or renters, the recovery phase can be challenging to differentiate from the recession phase because the market will look much the same; experts look at trends like gradual occupancy increases or growing demand to identify when the recovery stage has begun. The recovery phase is a popular time for real estate investment and speculation since prices of properties are low (especially for distressed properties that need renovations), so the potential eventual return on investment from operation or resale is high. Recession: In the recession phase, supply has over-exceeded demand, and demand plummets—causing high vacancy rates and negative rent growth (or rent growth below the rate of inflation). Some opportunistic investors will look for accessible investment opportunities during this phase since properties will be at rock-bottom pricing (especially foreclosures). They then wait until the real estate cycle circles back, and the downturn is over—as the market begins to recover and eventually expand. Hyper supply: In the hyper supply phase (or oversupply phase), the supply will finally catch up and exceed high demand as previously started construction projects continue to wrap up. Vacancies will rise, and rent growth will slow. During this phase, some real estate investors will buy properties from companies that are nervous about the impending recession and eager to sell at a more attractive price. These investors will then wait until the expansion phase to sell (often called the buy and hold approach). Another common investment strategy is to invest in a tenant building that’s at capacity and has long-term leases in place since it will continue to bring in a steady cash flow during the coming recession. Expansion: In the expansion phase, the real estate market is completely recovered from the recession phase and is very strong. When the real estate market expands, vacancy is low, rent rates are high (and rising), property values are high, and new construction is typical to see. The expansion phase is a standard time for real estate investors to buy new rental properties or renovate old buildings since the demand is high and new tenants are usually easy to find.

The Lowdown on Buying a Home in an HOA Community

  The Lowdown on Buying a Home in an HOA Community   What is the primary purpose of a homeowners association? The primary purpose of a homeowners association (HOA) is to govern and manage a residential community or neighborhood. HOAs are typically formed by developers when they create a new community, and they establish a set of rules, regulations, and guidelines that all homeowners within the community must follow. The specific purposes of an HOA can vary, but some of the common objectives include:  Maintenance and Management: HOAs are responsible for the maintenance, upkeep, and management of common areas and amenities within the community. This can include landscaping, roads, parks, pools, fitness centers, and other shared facilities. Preserving Property Values: HOAs aim to maintain and enhance property values within the community by enforcing rules and standards related to property appearance, architectural guidelines, landscaping, and other factors that can impact the overall aesthetic and appeal of the neighborhood. Community Regulations: HOAs establish and enforce rules and regulations to promote a harmonious living environment. These can cover a wide range of areas such as noise restrictions, parking regulations, pet policies, and guidelines for property alterations or additions. Dispute Resolution: HOAs provide a framework for dispute resolution among homeowners, including conflicts between neighbors or violations of community rules. The association typically has a process for handling complaints, enforcing regulations, and resolving disputes. Financial Management: HOAs collect fees, known as assessments, from homeowners to cover the costs of maintaining common areas, providing services, and managing the association. They also create and manage budgets, collect dues, and handle financial matters related to the community. Community Engagement: HOAs often organize community events, social activities, and neighborhood gatherings to foster a sense of community and encourage resident involvement. This can include holiday celebrations, block parties, or special interest groups. It's important to note that the specific purpose and scope of an HOA can vary from one community to another. Before purchasing a property in an HOA community, it's advisable to carefully review the association's governing documents, including the bylaws, covenants, conditions, and restrictions (CC&R), to understand the specific responsibilities and limitations imposed by the HOA. When deciding between buying a property in a homeowners association (HOA) community versus a non-HOA community in Florida, there are several factors to consider. Here are some key points to help you make an informed decision:   HOA Communities in Florida:   Regulations and Rules: HOAs typically have rules and regulations that govern the community, which can include guidelines on property appearance, landscaping, parking, pet restrictions, and more. These rules are designed to maintain a certain aesthetic and preserve property values. Amenities and Services: HOA communities often provide amenities such as swimming pools, fitness centers, parks, and community events. These amenities can enhance your quality of life but come with associated fees. Maintenance and Repairs: In an HOA community, the association is responsible for maintaining common areas, such as landscaping, road repairs, and sometimes even the exterior of buildings. This can relieve individual homeowners of certain maintenance tasks but may also involve additional costs. Fees and Assessments: HOAs charge fees to cover the costs of maintaining the community and providing amenities. These fees can vary widely and are typically paid on a monthly or annual basis. Additionally, special assessments may be levied for unexpected expenses or major repairs. Community Governance: HOA communities have a board of directors or a similar governing body that makes decisions on behalf of the community. This can provide a structured framework for addressing issues, but it also means that homeowners must abide by the decisions made by the board.     Non-HOA Communities in Florida:   Flexibility: Non-HOA communities generally offer more flexibility when it comes to property use and modifications. You may have the freedom to customize your property as desired, subject to local zoning and building regulations. Cost: Typically, non-HOA communities have lower upfront costs since there are no regular HOA fees to pay. However, it's important to consider that the responsibility for maintaining common areas and amenities will fall on the individual homeowners. Independence: Without an HOA, you have more independence and control over your property. You won't have to adhere to specific rules and regulations set by an association.: Shared Responsibilities: In non-HOA communities, homeowners are typically responsible for maintaining their own properties, including landscaping, repairs, and other maintenance tasks. This can be time-consuming and may require additional costs. Ultimately, the decision between an HOA community and a non-HOA community depends on your personal preferences, lifestyle, and financial considerations. It's important to thoroughly review the HOA documents and rules, understand the associated costs, and assess whether the benefits and restrictions of an HOA community align with your needs and preferences.   The Tatum Praise Team is more than happy to help guide you through the home buying process and advise you in the best direction possible. Contact Tatum at 813.528.1121 to start your house hunting journey today!

What makes one real estate agent better than another?

  When it comes to determining what makes one real estate agent better than another, there are several qualities to consider. According to Redfin, the top three qualities of a good real estate agent are experience, knowledge, and relationships. Experience in the current market is important, as the needs of buyers and sellers are constantly changing. In addition, a good agent will have knowledge of their local market and will know what sells in the area, how to highlight a home's best features to get top dollar, and seasonal trends in the market. According to Forbes, emotional intelligence is another critical characteristic of an exceptional real estate agent. A good agent should be able to understand their clients' needs, wants, and motivations, and be able to communicate effectively with them. The more experience they have, the better they are at negotiating prices. Since they're not emotionally tied in the sale, they negotiate objectively and based on the value of a home, which is a huge help when buying or selling properties. Furthermore, top real estate agents have certain personality traits that set them apart from the rest. According to Money Mini Blog, these include being proactive, having good communication skills, being adaptable, being tech-savvy, and having a strong work ethic. What is the difference between a good and great real estate agent? Problem Solver. Problems often occur during the real estate purchasing process. A good agent passes the problem to someone else to solve. A great agent takes action and solves the problem for their clients. In addition, the top real estate agents in the industry typically earn significantly more than the average agent and have a higher level of competency, honesty, integrity, and responsiveness. What makes a real estate agent stand out? Making a unique presence in your community with events, relevant virtual resources, and consistently great photography on your listings can make you really stand out as a real estate agent. Be sure to highlight unique features of your listings to curate experiences for your ideal buyers. Overall, a good real estate agent should have a combination of experience, knowledge, relationships, emotional intelligence, personality traits, and a strong work ethic to provide exceptional service to their clients. What are the best characteristics of a real estate agent? Top Ten Traits of a Real Estate Agent Problem solver mindset. Self-motivated entrepreneur. Honesty and integrity. Hustle and tenacity. Interest in houses and architecture. Engaging personality. Attention to detail. Understand the local housing market. Build a network of connections. Knowledge is power. What is the key to being successful in real estate? Be Available. Set Goals. Have a Marketing Plan in Place. Become an Expert in Your Market. Build Relationships. Ramp Up Your Social Media Efforts. Implement Small Business Systems. Don't Only Focus On Selling. Find a Mentor. Use the right tools and technology. The Tatum Praise Team is more than happy to help guide you through the process and advise you in the best direction possible. Contact Tatum at 813.528.1121 to start your house hunt today!