To Rent or Not to Rent- Hilton Head Island Vacation Property
Not surprisingly, many who vacation on Hilton Head Island eventually decide to buy a home or villa on Hilton Head Island, as a second home to enjoy with family and friends or as a future retirement home. Real estate industry studies show that less than half of those who own beach houses or oceanfront condos purchased their properties with an intent to rent to vacationers. Yet more than 50% of these who do rent their homes are covering at least half their mortgage by renting, according to a 2009 study. If you think you might rent out your Hilton Head Island home, location is very important. Beach houses and condos in Sea Pines (especially those close to Harbourtown), Palmetto Dunes, North and South Forest Beach and Shipyard are very attractive to vacationers. Families who vacation on Hilton Head want to rent homes and condos that are close to the beach, have a pool and are tip top condition. If you're thinking about purchasing property on Hilton Head Island, I can help you assess its potential as a Hilton Head Island vacation rental. Email or call Randy Smith 843-785-9500 (Toll Free 866-785-9501).
