Are you a person who dreams about the ocean, sun, sand, and surf? Does the thought of an ocean breeze put your mind at ease? Do these dreams increase your desire to invest in an oceanfront beach house?
What is it about an oceanfront property that lures investors? Besides the value proposition of such property, evolutionary theorists and psychologists have analyzed our love for the seashore. They theorize that since our ancestors emerged from the sea, eons ago, the lure of the beach may be in our DNA. The ocean fascinates and inspires us.
Purchasing oceanfront property has many advantages: Tax benefits, property appreciation, Ideal retirement location, investment property, and quality of life.
Oceanfront property in the Myrtle Beach area is a perfect location for retirement. Our area is ideal for those who look for a peaceful way of life. Nothing can be more tranquil than the sound of the ocean and the blue of the sea. The temperate climate in South Carolina and the lower cost of living are key factors when choosing an oceanfront location.
If you are looking for a positive income source, investing in oceanfront property offers an excellent return and can be a stable source of income. According to Statista, vacation rentals for 2022 are expected to exceed 17 million dollars and the prime rentals can be found on oceanfront sites.
Motley Fool has issued a rare “All in” Buy alert for vacation rental investors in 2022 and the supply/demand balance suggests investors will continue to have opportunities for strong, stable income.
Many beach rental owners find that income received during peak seasons earns enough to carry them over the slower periods.
Another advantage of a vacation rental property is the owner can select the times to personally use the property for family and friends enhancing your quality of life.
If you are considering an oceanfront property, contact your local mortgage company they will guide you on a variety of insights including oceanfront insurance, taxes, and down payment options.
So, is purchasing oceanfront property a good investment? If you prepare well, analyze the property, the area, and your dreams; then buying a beach house could be the best investment you have ever made. Just remember to include sunscreen in your plans!