It is always a good idea to buy a home in a touristy area, as it will give you the peace of mind of knowing that you won’t be vacating it during your vacation. This is an important investment, as it will keep you from feeling stressed out and lonely.
Choosing the best place to spend summer break or even buying a beach house for an extra source of income can be a puzzling decision. However, in this article, we will point out the best places to buy a beach house for either personal use or mortgage. Gulf Shores, Port St.Joe, Lahaina Hawaii, and Galveston Texas are some of them. ..
The Best Places To Buy A Beach House in 2022
Port St.Joe, Florida, USA:
Port St.Joe is a small town with a big heart. The town is home to over 3500 residents according to the 2020 national census. Asides from its unique popularity for being a golf coast, the town offers beautiful scenery, especially for vacation such as its beaches, marina, parks, and first-class restaurants. This town is upheld as one of the best places to own a beach house according to research. According to median home sale cost estimation of $370,000 and an average annual gross rental revenue of $40,000
Lahaina, Hawaii, USA:
Hawaii is a popular tourist destination, and as a result, the cost of medium-sized beach house sales has increased over the years. In recent years, however, the market has become more competitive and there are more opportunities to find properties for sale in Hawaii at a fraction of the price. If you’re looking to buy a beach house in Hawaii, this might be your best bet.
Galveston, Texas, USA:
Galveston is an island located on the Texas Gulf Coast. The island boasts over 32 miles of Gulf coast beaches But asides from its unique water body, Galveston offers visitors a tour around its museums, moody gardens, and historic spots. A median beach home in Galveston cost $340,959 and has an annual rental revenue of $44,000.
Murrells Inlet, South Carolina, USA:
The Murrells Inlet is a popular tourist spot in the United States that offers activities such as kayaking, oyster harvest, deep-sea fishing, and music festivals. It is also close to one of the hot spot beach grounds, Myrtle Beach. A medium-sized beach house in Murrells Inlet cost $285,763 and has an annual rental revenue of $95,000. This spot is one of the best places to purchase a beach house if you’re looking to do so.
Gulf Shores, Alabama, USA:
The Alabama beach destination is a popular spot for tourists and long-aged tradition of bringing distant family members together for vacation. One of the peculiarities of the Alabama beach is its proximity to the orange beach which boasts of a 32 miles shoreline. A medium waterfront property at the Gulf shore of Alabama cost $346,822 and annual rental revenue of $73,043 — bringing it to one of the peak sites to purchase a beach house.
Conclusion
When you purchase a vacation home for personal use, it is a wise decision to lease it to tourists when you are away. This will allow you to continue traveling and enjoy your investment while also making money. ..
You can choose from one of the most popular destinations mentioned above or invest in a potential vacation region. Whatever your decision may be, it is refreshing to wake up to the sound of the waves, cool breeze, and large body of water right in front of your house. No better way to spend your long work breaks. ..
A: The average annual revenue for a beach house is around $250,000. ..
You can make a lot of money from your beach house if you’re willing to do some extra work. In popularly visited regions, you can earn up to $90,000 a year from your home.
A: The most visited beach in the world is located in Thailand.
Miami Beach is the most popular beach in the world. ..
