{"id":3773164,"date":"2021-03-23T15:26:50","date_gmt":"2021-03-23T19:26:50","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3773164"},"modified":"2021-04-30T09:03:24","modified_gmt":"2021-04-30T13:03:24","slug":"paula-hinegardner-benefits-owning-emerald-coast-vacation-home","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/paula-hinegardner-benefits-owning-emerald-coast-vacation-home\/","title":{"rendered":"Paula Hinegardner On The Benefits Of Owning An Emerald Coast Vacation Home"},"content":{"rendered":"

Editor’s Note: Haute Residence member Paula Hinegardner talks about the many benefits of owning a home on the Emerald Coast of Florida.<\/em><\/p>\n

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8112 Inspiration,\u00a0Miramar Beach, FL<\/figcaption><\/figure>\n

Florida\u2019s northwest Gulf Coast ranked #1 on the new\u00a0\u201c100 Best Markets to Buy a Vacation Rental Home in 2020\u201d<\/a>\u00a0report by Rented Research and Weiss Analytics. The new 2020 report determined that Florida\u2019s Panhandle offers the best returns on vacation home investments over every other U.S. market.<\/p>\n

Listed below are reasons to invest your money in a 30A vacation rental home.<\/p>\n

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Potential for higher income<\/strong><\/p>\n

In purchasing a property in 30A, you can enjoy the potential to make income or anything that would otherwise fit your needs. This could include buying and holding; buying, improving, and selling; buying and converting to a vacation rental; buying and converting to a long-term rental; or any combination of these.<\/p>\n

Whenever you purchase real estate, there is usually an opportunity to make some rental income (or at least cover expenses) and then, hopefully, make some money when you decide to sell down the road. Highway 30A (or \u201cSouth Walton\u201d more broadly) typically demands higher rental rates and higher dollar-per-foot sale prices than surrounding and competing areas.<\/p>\n

This means that in areas that charge higher rental rates and have higher home values, there is a larger attraction from buyers and renters with higher disposable incomes. Purchasing a property in 30A will supplement higher vacation rental income and higher long-term rental income.<\/p>\n

High real estate demand<\/strong><\/p>\n

30A is in the prime location for vacation rental homes with beautiful beaches, large state parks, and unique architecture on all sides. Nestled between the busy cities of Destin and Panama City Beach, 30A is the best spot for a laid-back vacation home when you are trying to escape hectic schedules or worries back at home. In real estate, location is everything; 30A has it all.<\/p>\n

The quaint beach towns along highway 30A are where artists and promising architects alike gathered to create a place like no other. On 30A, you won\u2019t find big chain businesses or many tract home developments; instead, you will find a place that has been protected since the \u201980s from any development over 50 feet tall and communities that flow together with the surrounding environment.<\/p>\n

30A has attracted many affluent families of the southern states, with many from the North and the Midwest now flocking to the Emerald Coast to vacation and invest in vacation rental homes.<\/p>\n

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Ownership flexibility<\/strong><\/p>\n

Owning real estate in 30A allows you the flexibility to be as involved or not involved as you would like. Many investors shy away from owning vacation rental homes because of how hands-on owners have to be. Owning a 30A vacation rental income-producing property allows a wide variety of involvement, ranging from full self-management to relatively hands-off ownership (recommended to use a home manager or full service management company) for the least involvement).<\/p>\n

30A is still expanding<\/strong><\/p>\n

Even though a few homes on 30A date back to the 1890\u2019s, anyone watching closely can see that 30A is still developing into one of the most coveted vacation destination spots in the U.S.<\/p>\n

Examples of recent expansions and renovations include: Alys Beach and Kaiya Beach Resort are bringing a level of luxury and construction to 30A that is second to none; the St. Joe Beach Club has just undergone improvements in service and capacity; Seaside, 30A\u2019s first \u201cPlanned Urban Development,\u201d is experiencing a renovation push and more construction than ever before; Gulf front properties all over 30A are being purchased to make way for large, luxury $10 million (and higher) homes.<\/p>\n

Our expert,\u00a0Paula\u00a0Hinegardner, can guide you through the process of purchasing a vacation home from start to finish. Once you decide to invest in a 30A vacation home (or vacation rental home), the\u00a0Paula\u00a0Hinegardner Group will walk you through each step in purchasing your new property, including both\u00a0virtual<\/a>\u00a0and\u00a0in-person<\/a>\u00a0home buying.<\/p>\n

The first few steps in purchasing a new home will include:<\/p>\n