Myrtle Beach is located in South Carolina and is well known for its sub-tropical beaches and natural beauty. It is a perfect vacation spot with many world-class golf courses, restaurants, amusement parks, several souvenir stands, arcades, and lots of other attractions and activities that keep both the residents and tourists busy and entertained.
However, this place is not only a place to go for vacations; it is also a great place to call home. The real estate market has a lot of opportunities for investment and it is no surprise that more people are relocating to the Myrtle Beach area.
Therefore, if you’re looking for beach property to buy, see more, here is why Myrtle Beach should be at the top of your considerations.
1. The Homes and Condos Are Affordable
Condos and homes in the Myrtle Beach area are much cheaper when compared to beach houses in other states.
If you want a condo, you can choose from a variety of mid-range one-bedroom condos to luxurious six-bedroom condos. Here, you can get an oceanfront condo for around $200,000 or lower. There are numerous Sands Beach Club Condos for sale that you should consider.
2. Lower Taxes and HOA Fees
One of the first things that you should consider as a potential homeowner is the taxes you’ll pay and the Homeowners’ Association (HOA) fees. The HOA is the fee paid to the real estate management who takes care of the property. You will also not have to pay for an annual cost of the inspection.
The taxes you will pay for high-risk properties like oceanfront homes and condos might be a little higher but are still cheaper as compared to other states.
3. Lower Cost of Living
Like the rest of South Carolina, the cost of living in Myrtle Beach is quite fair. Regardless of all the activities, history, amenities, and attractions that this location has to offer, it is a very affordable place to live in.
The housing cost in this area is 30% lower than the national average. Costs of transportation, including gas and bus fare, grocery supplies, and more that you’ll need for a decent living are 8% lower than the U.S average.
4. Excellent Community Services
While in Myrtle Beach, you’ll be guaranteed to find something that will keep you occupied when you’re not working or during your downtime. If you love golfing or are interested to learn, you will enjoy the several miniature golf courses available in Myrtle Beach that are bigger per square mile than any other location in the whole world.
It has beautiful championship golf courses along a 60-mile shoreline that will offer any golfer a relaxing and unforgettable experience.
Whether you are planning to buy your holiday home, move, or retire here, there seems to be something for everyone in Myrtle Beach, including students, religious groups, professionals, and cultural groups. The communities in Myrtle Beach are also known for their hospitality and valuable support system.
5. High Rental Rates
If you are planning to invest in this area, you can be sure to make some good money from rental fees. Being a popular vacation spot, the countless number of vacationers is a huge plus for property owners.
Several tourists are willing to stay in luxurious houses or villas to enjoy the comforts of a home during their vacation; therefore, they will prefer to rent out a condo or home. Landlords make a killing, especially during the summer holidays. Since the employment rate is also high in this area because of the tourism sector, you are guaranteed to get local renters too.
6. Excellent Health Services
Myrtle Beach has won several awards for being one of the places that provide the best healthcare services. You can rest assured that this area has enough hospitals, drugstores, doctor’s diagnostic centers, and other health care providers should you need to access such facilities.
All your healthcare needs can be well taken care of in this area and you will not have to drive to another state or city to get proper health services. You can also get concierge or quality health services at the comfort of your home.
7. Busy Summer and Relaxing Winter
One of the best things about Myrtle Beach is that you will get to enjoy all the seasons and holidays with moderate weather conditions.
Every year, Myrtle Beach receives around 14 million tourists. The warm summertime in this area is busy with numerous fun activities, concerts, live performances, shows, and more, to ensure that the tourism industry is alive and buzzing. As such, the bustling summertime offers great opportunities for property owners to boost their income.
After summer, both residents and tourists get to experience a somewhat long but warm and peaceful winter and fall. You might get only 45 to 60 days of winter with temperatures going below 50.
If you think that winter is a boring time in Myrtle Beach, think again. This is the perfect time to enjoy the offseason discounts on utilities and services. You will also find restaurants, malls, souvenir shops, and other amenities less busy and a lot more peaceful since there are very few tourists in the area during that time.
Unlike other states like Florida, you will not have to worry about hurricanes in this area because the location rarely experiences such conditions.
Invest in Beachside Property in Myrtle Beach
The laid back approach to life in Myrtle Beach allows for people to be very friendly and hospitable. The residential areas are also located close to amenities like the superstores, hospitals, and schools. This means that you will not have to drive far or fly out of the region to access your essentials.
Several people move to South Carolina each year with the hope of finding a great property in the area to buy and settle in or rent out. With property appreciating in value ever so often, you’ll be glad you bought a property in the area a few years down the line.