Beach home ownership can be a great investment, as properties located near the beach often appreciate faster than traditional properties. The decision to buy a beach house is a big one, and it comes with many benefits. Not only can you enjoy the serene view of the beach, but you can also reduce your stress and gain a sense of peace. However, there are many factors to consider before investing in a beach house, such as additional bedrooms and living space, outdoor living space, weather and storm-related damage, higher property taxes, and beach home insurance costs.
This week's graph from Vacasa shows the 10 most profitable areas for beach rentals, as well as the average home price and average gross income (before expenses) per rental in each. To help you find the best place to buy a beach house and exactly what type of beach house is right for you, consider these common considerations. You should determine if you want the beach right outside your back door or if you prefer a view of the beach from across the street. Additionally, you should research the best areas in your desired location.
For example, if you're thinking of buying a beach home in Key West, Florida, Mashvisor can help you break down some of the best areas there, such as The Meadows, Midtown, and Old Town. It's also important to be prepared for any potential weather-related damage that could occur. Humidity could affect your home depending on its location and the weather in which you shop. To protect yourself from any potential damage, make sure to select a safe place for your beach house.
Finally, remember that real estate prices tend to rise over time, so owning a condo or beach house is a good investment. If you're ready to let go and live your best life on the water and sand, check out the PODS blog for help with moving tips, ideas for decorating your beach house, and more. With the right research and preparation, owning a beach house can be an incredibly rewarding experience.
