Spring is approaching, it’s getting a little warmer out, and winter is slowly drawing to a close. You may already be picturing those sunny summer days out on the beach. Imagine waking up every morning to a gorgeous oceanfront sunrise, enjoying your morning coffee within sight of the beach, and being able to spend the whole day in paradise…
When you buy a vacation home along the Gulf Coast, every day feels like a trip to paradise. If you can’t stop thinking about the beach, the sand, or the fun, it might be time to start thinking about a vacation home.
In fact, here are four signs it’s time to begin searching for your very own piece of paradise.
Rental Prices Keep Soaring
Ocean tide rolling in. Making now an excellent time to consider buying! Plus, owning a property allows you to build up equity over the years and can do wonders for your credit report.
You can even rent out your vacation home for up to 14 days a year without paying any taxes on your rental income. However, if you want to rent out your home for more than 14 days you should be prepared for additional paperwork with the IRS.
You’re Looking to Diversify Your Portfolio
Investing in real estate is a smart financial decision, so it only makes sense that purchasing a second home is a wise investment move. There are even a number of tax benefits when it comes to owning a second home.
All Your Finances are in Order
Beautiful beach house on stilts.Have you crunched your numbers and done all the math? Are your finances in the perfect place to take on an additional investment? Make sure you sit down with a lender to get pre-approved, and explore all your financing options before committing to a second home.
You’ll also need to take into account the additional insurance and maintenance costs.
You Dream of Waking Up to an Ocean Sunrise
Ocean sunrise. Have you been dreaming of the ocean all through winter? Eager to forgo the costly rental prices and truly make paradise your home? Living on the oceanfront is an experience unlike any other.
If you’ve done your research on local vacation hotspots and have all your ducks in order, go ahead and decide: it’s time to buy a vacation home!
Work With an Agent Who Will Get You There
As a Gulf Coast real estate professional, part of my job is helping my clients make their dreams come true. Allow me to leverage my extensive real estate experience to find you the vacation home of your dreams.
If you have any questions about buying a second home along the Gulf Coast, or just need someone to talk with, please reach out to me. I’m always happy to help.