After long hours at work every day, we all want to get a break and take a vacation far away to unwind and relax to compensate ourselves for the long days at work. One of the most often visited regions for vacation is the islands. This is specifically because of the beauty of nature, the large water body, fresh breeze, festivals/parties, foreigners’ network, and best of all, spending the night at a beach house and waking up to the sound of the waves and bird chirps.
Besides visiting, it is even wise to buy a home in a region where tourists often visit and rent a place to shelter themselves throughout their vacation. Having it that you wouldn’t be vacating always, this is a wise investment.
Admittedly, choosing the best place to spend summer break or even buying a beach house for an extra source of income could 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 popularly described as 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, a median home sale cost estimation of $370,000 and an average annual gross rental revenue of $40,000
Lahaina, Hawaii, USA:
Hawaii is rated as one of the most visited islands all over the world by tourists. This island is popular for its pure beach water, tall trees, galleries, shops and restaurants, and an endless number of tourists from all over the world. Due to the number of tourist visits annually, Hawaii was selected as one of the best spots to buy a beach house. Over the years, the cost of medium house sales has increased to $700,000 with an estimated annual rental revenue of $60,496. If you’re looking for a sign to buy a beach house in Hawaii, this might just be your cue.
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 one of the most visited tourist grounds in the USA that offers activities such as kayaking, oyster harvest, deep-sea fishing, and music festivals, and a waterfront restaurant with great foods. Murrells Inlet is also close to one of the hot spot beach grounds, Myrtle Beach — increasing its potential rental estimation. 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 just one of those beaches common for a high number of visitors and a 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 — positioning the destination as one out of the popularly sought-after beach spot. 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
It is a personal decision whether or not to purchase a vacation home for personal use and lease it to tourists when you are away. It is a wise decision if you love traveling and looking to invest in property.
You can choose from one of the highest visited 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 water body right in front of your house. No better way to spend your long work breaks.
Frequently Asked Questions
Q: What’s the Average annual revenue for a beach house?
A: You can earn as low as $20,000 annually from your beach house and as high as $90,000 and even more in popularly visited regions.
Q: Where’s the most visited beach in the world?
A: Miami Beach, USA is the most visited beach in the world.
