Before you begin your search for a beachfront rental, you should consider a few things. Obviously, location is important. But what about taxes, insurance, and neighbors? You should consider all of these factors as well. Then you can start to narrow down the choices.
Location
Many of us don’t pay much attention to location when looking for beachfront rentals North Carolina area. It’s easy to see the ocean, but what about the rental property itself? Often, beach house rentals are described by how close they are to the water, but that doesn’t tell us anything about their location. A beach house that is 900 feet away from the water may be beautiful and spacious, but if there’s no easy way to get there. Regardless of location, make sure to find the exact address of the property to avoid any disappointments. If possible, use Google Maps to view the property from the street.
Choosing a beachfront rental property is important for many reasons. First and foremost, it will help you enjoy your stay even more. Second, beachfront properties are generally cheaper than comparable houses. Third, beachfront rentals are easier to maintain and are more affordable to purchase than comparable houses. In addition, many beachfront condos are equipped with swimming pools, so there’s no need to worry about keeping them in top condition.
Taxes
Whether you are looking for a vacation rental for yourself or for your family, you will need to be aware of your local taxes. You must pay an accommodations tax, also known as “A-tax,” if you plan to rent your home out to tourists. This is a three-percent tax, two percent of which goes to beach preservation and one percent to public safety services. If you are delinquent in paying your tax, you’ll need to pay your taxes from the past year as well as a 5-percent penalty per month on the taxed amount. Those that rent their primary homes out for vacations and vacation rentals also have to pay the bed tax. Fortunately, many rental companies handle this tax payment for their owners.
Insurance
When buying a beachfront property, you must consider the risks associated with beach rentals. While some oceanfront properties are successful rentals, many others don’t. Miami has seen a recession and many of the foreclosed homes are being sold for rental purposes. You can avoid the risks associated with renting a beachfront property by doing your research on home values and rental trends in the area. You should also ensure that you can afford the extra insurance costs incurred.
First and foremost, you must obtain the necessary insurance. You may need home insurance, renters’ insurance, or both. Using your normal insurance policy won’t cover you if something happens to your rental property. Those are just some of the risks. But if your beachfront property is not in the prone zone of a hurricane, you can still purchase renters’ insurance to protect your investment. In addition, insurance policies for rental properties are often more comprehensive than homeowner policies, which means they cover more potential risks.
Kid-friendly features
When looking for beachfront rentals, it is important to know what your children will enjoy. Do they need extra rooms? What if you plan on having a pool? What about an entertainment room? What’s the best way to keep your kids occupied and entertained? What amenities do they need? These are all questions that should be answered before deciding to rent a vacation home.
One of the most important things to consider is whether the rental has rules for kids. Many rental properties specify their child-friendly policies; others prefer adult-only guests. The tone of a property can tell a lot, so pay close attention to the tone of the rental property’s description. Some are laid-back and relaxed, while others are more particular. A good place to start looking for kid-friendly beachfront rentals is a great way to get started on your search.