There are many benefits to having property on the coast, and now is as good time as any to invest. People like to invest in coastal property for a multitude of reasons, including rent it out for economic gain, to have a nice place to spend summers, or even to find a permanent residence. Whatever the case may be, there is an ideal property out there for everyone.
One popular trend that has emerged in recent years is buying property in Central America. Coastal property there is still dirt cheap insurance quotes compared to the U.S., and it has become an increasingly popular vacation destination for tourists and surfers alike. Costa Rica is a beautiful, peaceful country that has become a tourist mecca, with many folks labeling it as, “The New Hawaii.” Plenty of prime, ocean-front land can be had for relatively cheap, but the country’s ever increasing notoriety means that property costs are constantly increasing. Panama and Nicaragua are two cheaper alternatives that are just as beautiful. Both these countries have seen tourism boom in recent years, but they aren’t nearly as popular as Costa Rica. The biggest downside to purchasing property in Central America is the fact that the terrain is rugged and progress can be slow. For those looking to invest in thousands of acres, it can take many years to install roads, plumbing, and electricity, and it’s difficult to manage the construction process from afar.
In terms of the best places to buy coastal properties to use as summer homes, the best spots are in the U.S. California in particular is home to plenty of quaint beach towns that are perfect for summer renters. San Clemente, Pismo Beach, and Santa Cruz are three examples of classic California beach towns that offer a timeless combination of great beach environment with breathtaking scenery. For those that prefer more remote and rugged terrain, Oregon might be the place to invest. Towns like Newport and Pacific City offer jaw-dropping views, and have a small town charm that many find irresistible. However, Oregon’s beaches are less than ideal for people looking to chase the sun. The east coast also offers more than its fair share of great summer towns with Wilmington, North Carolina, Myrtle Beach, South Carolina, and Coco Beach, Florida heading the top of the list.
For people looking for a coastal property to permanently settle down at, good options abound everywhere. For many people it is important to be close to a large metropolitan area, and there are plenty of beach towns that fit this bill. The South Bay area of Los Angeles sits just fifteen minutes from downtown, and yet the majority of the towns in this district still have a small town feel to them. These beaches are renowned for being some of the best in the country, offering ideal weather and great waves. If you have any property, it might be time to start thinking about your mortgage rate and possibly refinancing it. The biggest downside of this area is that the homes are out of most people’s price ranges, but luckily Los Angeles isn’t the only large city that has beautiful ocean-front suburbs. On Highway 1 just south of San Francisco there are plenty of sleepy beach towns that are a stone’s throw from the big city, most notably Pescadero and Half Moon Bay. No matter the location or purpose, it’s great to own coastal property.