Top 5 Reasons Northerners are Moving to Myrtle Beach
Top 5 Reasons Northerners Are Moving to Myrtle Beach
Discover Your Myrtle Beach Dreamlife
Americans express their preferences with their feet. Northerners are moving to Myrtle Beach, South Carolina. They have found the area and the lifestyle they want. Americans are resourceful; we are planners, dreamers, and positive thinkers. Despite the unsettling events of 2020, we choose to rise above it by focusing on our priorities. Northerners delight in the affordability, climate, variety, activities, and low taxes.
"Your Dream, Your Way"
Where can we find all five of these priorities? How can we make it happen? How can we achieve a positive outcome for our present and our future? We all want the Dreamlife. We all seek financial and emotional security. Northerners have found the combination of all five in Myrtle Beach.
Real estate has always been a solid investment. The goal is to find a high value which is sustainable over a long period of time. Myrtle Beach is an area where the properties hold their value year after year despite fluctuating prices in other parts of the country. Myrtle Beach has not only held its value but steadily increased year after year. According to https://www.noradarealestate.com/blog/myrtle-beach-real-estate-market, the market has not only increased significantly in the last decade but just last year the average sales price rose 9.6%.
“The median list price per square foot in Myrtle Beach is $175, which is higher than the Myrtle Beach-Conway-North Myrtle Beach Metro average of $137. The median price of current listings in Myrtle Beach is $189,900 and the median price of homes that have been sold is $144,600.”
Value retention is excellent and finding value which steadily increases is even more desirable.
Can you afford to purchase in Myrtle Beach? This gets better and better because the average prices are well within the affordability range. The low real estate tax rate makes the purchase option even sweeter.
Just imagine yourself owning a Myrtle Beach property…a property which retains and increases in value and one which is affordable for you right now. The historically low interest rates coupled with affordable purchase prices creates an opportunity with perfect timing.
While prices are on the rise, the housing options are much more affordable and Northerners find that they can buy much more home for the money than they can in their home states.
2. Low Property Taxes
Imagine saying goodbye to high taxes and hello to a solid affordable investment. South Carolina property taxes are the 7th lowest in the United States at .057%. Nearby states have a statewide average property tax rate of 1.68%, 1.27%, 1.35% and 2.07%. “From 1999 to 2011, the total property tax bill in NH doubled.” Northerners are delighted with the overall lower taxes in South Carolina.
Affordability and lower taxes are significant draws for northerners, but so is the climate. Sunshine is warm and wonderful in May through August; this is the peak travel season. It cools down in September through December with a temperature range from a high of 83 degrees in September to a comfortable 60 degrees in December. Feel the warm sand on your bare feet in the summer and enjoy a cozy fire pit or hot tub in the Fall months. Myrtle Beach boasts about its great weather. The variety of temperatures, variety of activities and wardrobe varieties can only be obtained with four distinct seasons.
4. Variety of Properties
Myrtle Beach has an extensive variety of properties from which to choose. What are you waiting for?
Do you prefer a single-family home in a gated community or golf course community, a beach front cottage, or a condominium? Do you want to step out of your door and feel the warm sand on your toes or live closer to the hub of shopping and nightly entertainment? Myrtle Beach offers such a wide variety of properties that your most difficult decision may be which one to choose.
Take a moment to examine your options and your goals. What are your short term and long-term goals? Do you want to move in immediately as a full time resident or do you prefer to use your new home-away-from-home as a vacation get-away and rent it when you are not enjoying it personally?
Myrtle Beach properties typically have a low ownership and management cost. If your immediate priority is to enjoy your new home on an occasional basis and rent it to tourists during your absence, consider a location which is close to basic amenities, shopping, restaurants, and activities. Proximity to these amenities will increase your rental rate and rental frequency.
Do you want to focus your attention on beach front locations, high activity locations or more private sections?
Keep in mind that renting can be an excellent way to offset some of your purchase price and monthly maintenance expenses; vacation rentals are both an income source and a tax advantage.
Financial security is easily achieved with Myrtle Beach’s affordability, consistent and escalating property value, and low tax rates. The wide variety of properties dovetail with the value to select the perfect new home opportunity.
Your new Myrtle Beach home is the beginning of creating a true legacy. With the soft ocean breezes, warm sand and flowing water, there is something to appeal to every member of your family and your expanding circle of friends. Myrtle Beach has a desirable climate and the added lure of all 4 seasons.
Once again there is a view, a season, and an ideal location for everyone. But there is more. Myrtle Beach offers a wide range of activities to appeal to everyone’s interests. The expansive range of activities extends the appeal of Myrtle Beach. If beach activities are your heart’s desire, consider strolling or running on the beach followed by a relaxing beverage either under an umbrella or while warming your skin with the sunshine. Swimming, sailing, or splashing in the waves are also options. As the sun slowly sinks below the horizon, consider evening entertainment, fine dining, shows, shopping or quiet family gatherings. After all, part of your legacy is time with your family and friends.
Once you own your special property in Myrtle Beach, you will look forward to gathering with new friends and neighbors, inviting your family and friends to join you for a memorable vacation or a new tradition of your special “go to” place for holidays.
Friends and family will love visiting your new Myrtle Beach home. Who knows? They may come with you, rent at other times, and eventually buy a place of their own in Myrtle Beach.