Not All Beaches are Equal When Buying Vacation Investments
When it comes to investing in a vacation rental property, there are many things to consider, but one thing is for certain: beachfront properties, or those near the ocean, never go out of style! Coastal Living featured Panama City Beach as the best Florida beach town to buy a vacation home in 2019. (Click to Read Article)
According to a new report from Rented.com, Florida holds more profitable vacation rental markets than any other state in the country, with 19 Floridian cities poised to earn homeowners more bang for their buck in 2019. The report recommends that buyers looking for maximum return on Florida beach house investments should look no further than the Panhandle town of Panama City Beach! Panama City Beach beat out all other coastal towns for its affordability and popularity as a year-round vacation destination.
Rented.com looked at factors including real estate prices, property taxes, and average maintenance costs, as well as rental and occupancy rates, rental property demand, and any legal regulations that might make renting short-term on platforms like Airbnb difficult. Because of the latter, many urban markets fell off the hot list this year, paving the way for affordable, traditional vacation markets to step in.
With hundreds of miles of beautiful white sandy beaches, it is no wonder the demand for vacation rentals are high in this heavily visited area of Northwest Florida. Whether it be a condo or beach home, Panama City Beach, does not disappoint with plenty of dining, entertainment, shopping, and beach activities to keep buyers and vacation renters happy!