Buying a Beach House
Posted by Susan Ochsner on
Considering buying a beach house can not only be a delightful vacation place for you and your family, but also afford an income stream and can bring favorable return on investment. Many beach house investors buy houses that are rented out during peak season and personally use when not rented. Some just want the beach house to cover their expenses, allowing them to live in the house for fee during non-peak times. There are things to consider first:
Pricing
Oceanfront or oceanside homes are substantially pricier than inland homes. For example, right now, the average home price of homes for sale in Club Course area of Sea Pines is at $716,557 for 29 homes and ocean oriented average in Sea Pines is $3,347,757 for 54 homes.
Borrowing Costs
The…
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