Want
a Beach Home This Summer? Better Get Started Now
It happens every year:
Right around the time we finally throw out the desiccated Christmas
tree, put away the broken toys, and get back into the swing of work, we look up
to find ourselves deep in the dark, dank, bone-chilling portion of winter that
never seems to end. So it’s the perfect time to start the search for
sandier and sunnier pastures!
It may seem
counter intuitive as you’re snow blowing your front walk or drying out your
socks, but now is a great time to begin thinking about buying a beachfront
home that you can use throughout the summer—or rent out to pay the mortgage and
then some.
“Buyers have more
choice and more leverage in negotiations in the off-season,” says our chief
economist, Jonathan Smoke. “So even though total inventory is lower, there are far fewer
buyers for what is on the market, and that gives buyers an upper hand.”
And the off-season is
a much better time to engage local contractors to take care of any repairs or
upgrades—especially critical if you’re thinking of leasing the place out, Smoke
points out. Taking action before the peak season will ensure it can capture as
much of the peak rental revenue as possible.
To find the nation’s
hottest (figuratively speaking) beach towns, our sand- and surf-deprived data
team looked up cities and towns within 2 miles from a coast, using
data from NOAA’s National Ocean Service,
and filtered out the ones that are on inlets or without direct access to a
beach. We excluded cities with over 100,000 population to focus on the
ones that have a “small town” vibe, which left us with more than 1,000 beach
towns. Then we cherry-picked from these to fit the criteria below.
Whew, we could use a
beach vacation right now!
No comments:
Post a Comment