Owning a vacation home is a great investment both personally and financially. It allows you to diversify your income if you put it up as a short-term rental, but it also serves as a great space for you and your family to enjoy your vacation time. If you’re thinking about building equity and wealth by acquiring real estate, then you’ll want to start thinking about where you might want to purchase a vacation home in the first place. After all, there are different laws and regulations in each state regarding investment properties, and you’ll want to do some research about real estate within each local market before committing to a purchase. Here’s a list of the top states for vacation homes in the U.S.
Hawaii
Who wouldn’t want to vacation on the beautiful island of Oahu? With warm weather and beautiful oceanfront properties, there are plenty of options for you to invest in local real estate, including high-rise residences, townhomes, and condos along some of the most beautiful beaches in the country. However, owning a vacation home in Hawaii will require some maintenance. So, you’ll want to find the best company for appliance repair in Oahu to ensure that you get repair services when your appliances break down at some point. Whether it’s your washer, dryer, or even your refrigerator, a service like Honolulu Appliance Repair can send over a qualified technician to assist with any issues that may arise.
Florida
Right in line with warm-weather states, Florida is a beautiful year-round destination with plenty of attractions like Disney World, Universal Studios, and Legoland. There is plenty of cultural diversity and fun outdoor activities, and you’ll find that there are plenty of food options to enjoy. If you’re looking into an investment property in the Sunshine State, then you’ll want to make sure that your home is updated to stand out from the competition. Get a bathroom remodel in Clearwater, FL, from CMK Construction to help you achieve your renovation goals. With their design services, you can get the bathroom of your dreams. You can get a replacement bathtub or a new shower to upgrade your property and increase its resale value.
North Carolina
Whittier is a village with lots of outdoor attractions for people who enjoy hiking and water sports. This is because Whittier is located in the Smoky Maintains along the Tuckaseegee River and the Oconaluftee River. It’s a quaint town with a lot of fun activities. Plus, it’s only an hour from the art haven of Asheville. Vacation home in North Carolina is perfect for those who enjoy fly fishing, rafting, and even gem mining.
South Carolina
South Carolina has miles of coast, and Myrtle Beach is the crown jewel of this beautiful state. There are plenty of vacationers who enjoy this part of the country for its Southern charm and stretch of sand. Charleston is a short two-hour drive away, and the Myrtle Beach promenade has a fun 187-foot SkyWheel.
Texas
The Lone Star State has always been known for having large, sprawling neighborhoods. That’s why it’s a no-brainer to invest in this area if you’re looking for someplace to enjoy summer breaks but also take advantage of short-term rental income. Lubbock is a relatively affordable area with a rich, artistic tourist scene. Waco is also a great city for fun museums, attractions, and other outdoor activities. Owning a vacation home in either of these locations or anywhere throughout Texas, would undoubtedly be a good decision.
These are just a handful of the top states for vacation properties. They typically have mild weather so that you can escape to your second home any time of the year.
