Myrtle Beach Oceanfront Condos For Sale
Myrtle Beach is one of the most popular places to buy a vacation home or condo. Myrtle Beach Oceanfront Condos for Sale are among the most popular real estate investments in the Grand Strand area of South Carolina. Condos are different from hotel rooms. Condos are typically oceanfront rooms in a resort on the beach. The main difference is that a person owns the room personally instead of renting from the front desk. The room is privately owned. Myrtle Beach Condos for sale can be oceanfront or oceanview and can be on any floor or a resort. While a person may own the room in the hotel or resort, the person does not own any of the amenities, however he or she may exercise their right to use the amenities. Typically a homeowner of the condo pays homeowner fees to keep pools, lazy rivers slides and other amenities up and running. However, you do not own these amenities, you cannot create any changes to them, whereas you can create changes and remodel your condo.
When someone owns the condo, you can replace amenities, flooring, light fixtures, furniture, furnishes, etc. You have the right to rip out the carpet and install new carpet, repaint walls, decorate it however you want.
Owners of Myrtle Beach oceanfront condos can choose to generate rental income by renting the condo through the front desk, through a privately owned business that rents out multiple, individually owned condos, or rent it yourself. If you do not want to create any income and would like to keep the condo for yourself, you can do that too.
Myrtle Beach Condos for sale come in the size of 1 bedroom, 2 bedroom, 3 bedroom, 4 bedroom, even 5 bedroom condos! Myrtle Beach Condos can be oceanfront or oceanview and can be in a brand new building or in an older building.
The benefits of renting your property from the front desk are that you do not have to worry about cleaning the condo, providing linens or maintenance to your guest. The front desk will take care of all of this for you. However, the front desk can be expensive and they take a large percentage of your rental income. You may also find that the front desk will rent nightly. When you rent nightly, there are large gaps created in the availability calendar. What if someone wants to rent out a whole week and they cannot because a previous guest has rented out your room for two nights? You lose five nights worth of rental income. Renting the condo yourself can be difficult. It requires a lot of marketing and advertising. This is done through web pages, ads in Myrtle Beach magazines, business cards, etc. It is very time consuming and money consuming. With this technique, you may even find that you will not be able to create any income anyway. You may spend all of this money and not create any prospected guests. However, if everything pays off, you get to keep all of your rental income.
Renting through a vacation rental program is the best option. They have already advertised their name and the names of their properties. They have clawed their way to the top of the search engines rankings and have created repeat customers. Some companies may cheat you for your money though. They may have a large rental pool and your condo may not get many rentals. The company may also not advertise enough. They may only feature one or two photos for your property and no one will know what it looks like. They may also create only one webpage for all of the condos they rent for that particular resort. You may just be thrown into a group with other people with similar condos for sale.
It is all about finding the right company. You need to find a smaller company, so that your oceanfront condo will not be thrown into a large rental pool, this way, you can get more weeks booked. Also, if you are to rent through a company, you need to find a company who will advertise your condo for what it is and rent weekly to create maximum rental income.
Jerry Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. We Guarantee Results! Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call 843-839-9870; Put our team to work for you today.