Owning a Gulf Front Home May be More Affordable Than you Think
Posted by Tim McCrory on Tuesday, August 25th, 2015 at 1:11pm.
Ever dreamed of owning a home on the Gulf of Mexico? I would guess that the answer is probably yes. This desire is universal for many reasons: waking up to the soft, gentle sounds of the waves breaking on the shoreline, feeling the cool breeze through an open window, and watching the sun rise over the horizon. This pictureque scenario is sure to excite anyone. But many feel this dream is impossible because of "Reality". You may be asking yourself, "Is there any way I could possibly afford a beach house?"
The answer may very well be, yes, you can afford it. Vacationers continue to flock to Alabama's pristine white sandy beaches in record numbers. Guests from all over the country discover the Gulf Shores area year after year. The resulting revenues generated from beach home rentals are astounding. Combined with interest rates being at the lowest level in history, the actual cost of ownership provides an incredible opportunity to not only make the dream come true, but also is a practical way to invest in your financial future.
Anyone with viable credit and the ability to put 20% to 30% down on a new mortgage to finance a family vacation beach house may be very surprised at how the numbers justify this investment. Simply put, rental revenues for some beach homes reach upwards to 15% of the Purchase Price annualy. Even after expenses like mortgage, rental managment, insurance, taxes, utilities, and maintenance, the net return to the owner exceeds all costs of ownership.
So the real "Reality" is this: affording a beach house may actually be more sensible than you think. Property prices are already on the rise, so act today before the numbers don't add up. Call or email me now to receive property specific return on investment brochures outlining in detail how owning a beach house is actually more affordable than you would ever believe.
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