If you've ever had these feelings in the Myrtle Beach area, you are not alone. It's an incredibly popular tourist destination, and it's becoming a more popular living location.
When you get to a certain level of financial means, it's understandable to start thinking about purchasing a vacation home. Myrtle Beach is a second home for many families, which means it could soon enough be yours, too.
Continue reading to learn about all of the things you would need to consider before purchasing a second vacation home in the area of Myrtle Beach, South Carolina.
Importance of Location
It doesn't matter which city throughout the country you choose to live in. The specific local neighborhood will be something for you to consider. Myrtle Beach is no different, and it actually offers a few different areas available for you to purchase a second home.
Questions for you to think about when you do your neighborhood-specific research usually revolve around a few factors.
- What is the education system like for that district?
- How safely do the residents of the area live?
- What does that area offer in terms of music, shopping, arts, sporting events, etc.?
- Is the property particular expensive in that region?
Research whatever neighborhood characteristics about Myrtle Beach you need to in order to feel comfortable when deciding on a specific area.
Once you know the answer to where you want to move, try out our advanced search option to get an idea of what kind and price of properties are available in that area. This search is customizable to suit your queries about property types, price limits, or even a minimum number of bedrooms. It's perfect for helping you narrow down possibilities for your second home.
Condo or House?
Another part of what you'll want to search for is the type of home when it comes to buying a second home in Myrtle Beach.
The main two options for you to consider are condos and proper houses. Myrtle Beach will have a plethora of both options.
If you are wanting to purchase a low-maintenance location, a condo might be best for you. For a more home-sensitive atmosphere where you live more often than a condo, look at the houses for sale in your preferred neighborhood.
You might be surprised at the availability of property for sale. Because of it, even oceanfront properties can be considered affordable. To offset the costs of your second home even more, you'll always have the option to rent out the space to other families throughout the year when you're not occupying it.
Myrtle Beach, though its popularity has been growing over the past few years as a great place in which to purchase a second home, still maintains a bit of a rustic charm. The population is not that extensive.
Reputable cities with a "small-town feel" come with a friendly community and emphasis on local businesses. If these are values important to you, know that Myrtle Beach is a great location where you can balance the bustle of a city with the steadiness of a small town. Your second home at Myrtle Beach will answer to any societal longing you have.
Even when it's the popular tourist season, one great thing about Myrtle Beach is that it never feels like an overcrowded metropolitan hot spot. Since the population continues to stay lower than in other areas, you can be sure that the small-town feel of the city will stick around for a while.
South Carolina Has a Lot to Offer
Myrtle Beach is right on the coast of South Carolina. Conveniently, it has fairly quick access to other popular destination cities along the Atlantic Coast.
Just south of the border in Georgia, Augusta and Savannah are great destinations for your travels after only a few hours of driving. In the north, you have the entire historical New England at your disposal.
Even in the state of South Carolina itself, make sure you do some proper historical tourism of Charleston. A second home here is in such a desirable location for history buffs or outdoorsmen.
There are also plenty of national parks and outdoor activities that you and your family can enjoy when spending time in the coastal area of South Carolina. It boasts of a lot of national history that you can explore through museums and other historical spots.
Additionally, the state has a wide variety of landscapes that you and your family can take your time to explore. South Carolina is home to coastal regions, mountainous areas, and even marshlands.
If you are seriously considering purchasing property in Myrtle Beach, odds are that you are interested in the year-round climate of the city.
If you prefer a warm temperature, you're in luck. In this area of South Carolina, you can expect fairly temperate and humid weather patterns.
In fact, there are only a couple months of the year in which you might experience low temperatures (such as below 40 degrees Fahrenheit). For the most part, the weather in the area stays warms and comfortable all year long.
This is due to the temperate ocean climate constantly affecting the atmosphere. Of course, people who want to live in a coastal location are usually pretty aware of the ocean's effect on the place's environment! That means you may experience the occasional beach storm or wind gust, but overall, you're looking at the ideal weather.
Availability of Employment
Myrtle Beach is also a desirable place when it comes to availability of employment. As you are considering buying property at Myrtle Beach, remember that you will have a solid chance of getting a decent job.
That job availability does depend on the industry, though. According to these statisticsfound after a study by the U.S. Department of Housing and Urban Development, most jobs in the Myrtle Beach area fall under the category of tourism.
That means that the industries of hospitality and retail have the strong influence in the city of your second home at Myrtle Beach. Industries like manufacturing or production are less developed, so keep that data in mind as you search for your next coastal workplace.
Low Cost of Living
Even if you don't plan on trying to build an entire career at Myrtle Beach, the cost of living is still low enough to be affordable in the area. In fact, compared to the rest of the United States, the cost of living in Myrtle Beach is 8% lower than in other cities.
This is great, especially for families new to the area. Give yourself some time to get adjusted after moving to your second home here. You deserve to properly acclimate yourself to the area before stressing over finances.
That low cost of living will cushion you as you learn what it's like to live as a more permanent resident of Myrtle Beach. As you're looking for properties to purchase, you'll be particularly happy to know that the prices of homes in the area are also low compared to other vacation destinations in the country.
If you are determined to move to Myrtle Beach on a budget, consider purchasing foreclosed home. You can use our extensive database to search for foreclosures here.
Who Doesn't Want a Second Home Right on the Beach?
Perhaps one of the most significant reasons to consider Myrtle Beach for your second home is in the name itself -- it has a beach! This is likely a selling point that got you started on the possibility of property in Myrtle Beach in the first place.
After putting down roots in the area, it will be up to you and your family to truly immerse yourself in the culture and lifestyle that Myrtle Beach has to offer.
Even after reading this article, it's probable that you still have several questions.
We know how important it is to learn everything you can about an area before purchasing a second home for your vacation time. We encourage you to read through some other informative articles on our website. Also, please feel free to reach out to us at any time with questions.
You can learn more about our company here.