In addition to rental income, your property appreciation is what will determine if your beach home is a good investment. Beach vacations have long been an American pastime, and vacation rentals have become ideal hosts. The COVID pandemic has increased the appeal of beaches and open spaces, making beach holidays more in demand than ever. If you're looking for the best place to buy a condo or beach house primarily for your own use, you'll want to look for a place you love and a home that works best for you and your family from a practical standpoint.
Of course, it's smart to stock your vacation rental with beach-friendly amenities that will help make your accommodation stand out to travelers who book. Kissimmee, Orlando and Miami Beach are also on Mashvisor's list for the best beach rental investments. You won't need to rent a hotel room the next time you go on vacation, as long as you go to the same place where your beach house is located, because, you know, you can't take your beach house everywhere. At number one on this year's list of profitable beach markets is the popular vacation destination Gulf Shores, Alabama.
For example, if you're thinking of buying a beach home in Key West, Florida, one of the best beach towns in the state, Mashvisor will help you break down some of the best areas there, such as The Meadows, Midtown, and Old Town. The secret to the popularity of Galveston vacation rentals has already been discovered, but near Surfside Beach there is a smaller, quieter strip of sand and surf in the Lone Star State that is rightly drawing attention as an alternative Gulf Coast vacation destination. Beach vacations will never go out of style, so if you want to start a vacation rental business, the idea of buying a beach house and owning your own stretch of sand may have crossed your mind. Buying a beach home can bring an excellent return on investment, a reliable income stream, and access to a charming vacation spot.
The average purchase price of a beach house can be considerably higher than that of a similar house in an inland location, particularly in some of the most popular beach towns. Homeowners insurance for a beach home is likely to be several times more expensive than coverage for a main home. A specialist will be able to advise you on the type of property potential guests are often looking for and the best beach towns to buy a vacation home that guests will love. The lesser-known area of Surfside Beach in Texas is a good place to consider vacation rental investments because of its relatively affordable property prices and quieter beaches.