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Investment Property
Buying a Hilton Head Island resort condo in SeaPines, Palmetto Dunes, Forest Beach and Shipyard Plantation may be a good investment in 2011. given the current buyers-market! There are several very compelling and profitable reasons to buy a resort condo or second home. Historically low interest rates and great choices for selection make now the time to act. Investing in a home or condo in the resort communities of Hilton Head Island will provide your family with generations of lovely coastal memories.
The challenge with real estate, and partiularly investment real estate, is that the due diligence required is significant (in fact in recent years the same is true of stock market investments). I would like to be your trusted real estate professional that you allow to do that homework for you. Call 843-338-9543 or email larry@LarryMeyersHHI.com.
The vacation property market continues to improve as home and condo prices stabilize. Buying vacation property generally adds fun, excitement, enjoyment, and status to owners lives. Some buyers purchase a beachfront or golf condominium vacation property as an eventual retirement home and others buy as a bottom line investment seeking appreciation.
How is this accomplished? The truth is that on average, condo rental programs rarely deliver much more than twelve to fifteen weeks of rental annually.
There are numerous buying motives, but if you own a business, you may have additional incentives. A vacation property can be a great business booster.
As a Hilton Head Island/Bluffton professional in the resort real estate industry, one area of discussion that we have to deal with time and time again is the false expectation created by many that an investment unit is going to cash flow positively. The challenge for the buyer often is a pre-conceived notion that they are going to buy a unit and never have to put any cash into it.
Why Hilton Head Island real estate? The Hilton Head Island resort market of oceanfront, beach and golf condos townhouses and homes you are contemplating buying in are some of the most exclusive luxury real estate markets you can find, and historically remain that way for the next ten to fifteen years. Hilton Head and Bluffton, SC are lifestyle destination areas. After all, beach, golf, watersports and a relaxed lifestyle continue in high demand.
As a resort island investor buyer of luxury homes, you may experience price increases that developers often work into their programs and population shifts.
The rental revenue from golf and beach condominiums can contribute greatly to offset your costs of ownership and financing. That means you can build your investment property asset base faster.
Here are a few other "business booster" ideas used by present owners:
. Besides personal benefits for your family, you can use your vacation property to promote your business, increase sales, motivate and reward employees, and develop rapport and relationships with key customers.
· As an incentive, reward key employees by giving them the use of your vacation property (could be a weekend, a week, or longer).
· Use your property for your "Employee of the Month" program. For example, the monthly winner gets a free weekend at your luxury condo at the beach.
· Hold staff meetings at your golf or seaside property. Get out of the office and into a more relaxed and private environment. Employees will welcome a business trip that breaks the routine. After your meeting, get everyone to participate in a walk down the beach, tennis or golf in Palmetto Dunes, Sae Pines or Shipyard Plantation.
By leveraging your purchase you could stand to make substantial short term ROIs - for instance, if a buyer purchased a $400,000 property and put down $80,000 or less as a deposit, financing the rest using ARM’s or interest only loans, the increase in new price and the market dynamics could perhaps allow that investor to sell the unit in twelve months time for $500,000.
The bottom line is that while the opportunity to profit is great, the place you need to look for profit is based on your risk comfort level .
A final thought -- many vacation property owners appreciate the rental income from their property because it helps pay property expenses.
To learn more Contact Larry Today. |
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Midpoint: Midpoint
With a strong focus on a natural setting within the community, Midpoint at New Riverside offers a variety of home styles. Homeowners will enjoy many community provided services including trash removal, lawn care, irrigation and community lighting. Ho... More On This Community
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Larry Meyers | ReMax Island Realty | 99 Main Street | Hilton Head Island,
SC | 29926
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