Myrtle Beach Vacation Homes
If you’re a frequent visitor who comes to the beach more than a few times a year, you may want to avoid staying in hotels and consider purchasing or renting a vacation home in Myrtle Beach.
By becoming a part-time resident of the Grand Strand, you can reap the benefits of all the area’s great golf courses, attractions, restaurants and activities, without giving up residency in your home state.
While traditionally many of the condos and beach homes in Myrtle Beach have been purchased as investments, in recent years there are more and more buyers that are purchasing for true second home use, instead of renting or flipping these properties.
However, even if your second home in Myrtle Beach is more of a residence than an investment, that doesn’t mean it has to sit vacant during the time you are not here. You can use it as a refuge for friends and family who also enjoy beach life and you can even make a bit of extra income without making it a “full-time” rental.
As long as you rent your property for no more than two weeks during the year you can keep the revenue tax free — and the mortgage, interest and property taxes you pay are deductible from your gross income, providing a great tax benefit for second homeowners.
All in all, buying a vacation home in Myrtle Beach can be a great opportunity to take advantage of affordable real estate and establish yourself a “home away from home.”
Check out these resources for more info on buying vacation homes in Myrtle Beach: