City In Michigan Ranks High In Best Places To Buy A Beach House In 2021 – CBS Detroit
PORTLAND, Ore. (AP)– Vacasa, North America’s leading vacation rental management platform, has released its report for 2021, which outlines the best places to buy a beach home as soon as the signs of summer start appearing.
The report, which calculates where potential owners can best maximize the return on their investment, shows that the best places to buy a beach home are not just in popular locations like Hawaii and the Carolinas, but also in less anticipated places like the Endless Washington, Michigan coastline is oceanic lakefront and Alabama’s remote island network. Aside from idyllic landscapes and endless sun-drenched activities, each travel destination was ranked based on the highest cap rate or annual return on investment, as well as median home sales and median gross annual rental income.
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The demand for beach vacations this spring is higher than ever. This comes from Vacasa’s latest Spring Trends report, which found 57 percent of guests planning a trip to the beach and a growing number of U.S. consumers feeling hopeful (53 percent). and grateful (42 percent) when thinking about traveling this year.
“Our report shows that these destinations are not only a good investment numerically, but also reflect the renewed desire of travelers to stay in homes that feel like a real escape from nature, far from the hustle and bustle of your favorite beach towns “Said Shaun Greer, Vice President of Sales and Marketing at Vacasa.” This demand, coupled with a general shortage of vacation rentals this year, offers a unique investment opportunity for vacation home buyers to get the best return on their vacation rentals when we in the busy summer months are coming, especially in these top ten markets. “
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Vacasa’s best places to buy a beach house 2021 ranking:
- Cape Hatteras, NC
- Ocean Shores, Wash.
- Dauphin Island, Ala.
- New Buffalo, Me.
- Corolla, NC
- South Kauai, Hawaii
- Isles of Palms, SC
- Wailea, Hawaii
- South Kohala, Hawaii
- Bolivar Peninsula, Texas
The full report with important information on the most important travel destinations can be found at https://www.vacasa.com/top-markets/2021-best-place-to-buy-a-beach-house.
For more information or help finding the perfect vacation home, visit www.vacasa.com/real-estate.
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