The word is out! People are flocking to the sugar white sand beach and vibrant emerald hued gulf water of Destin, Florida. Once a sleepy fishing village, this intimate coastal town has exploded in popularity as a top tourist destination. Unlike many beach destinations in the United States, accommodations here in Destin are unique, big box run-of-the-mill hotel rooms are scarce. In fact, there’s not even one hotel on the beach in Destin’s city limits. Serious investors are drawn to buying vacation homes and condos in Destin for this very reason. In addition to professional real estate investors, many visitors are getting in on the action – acquiring a dream home along our shores. Are you considering buying a vacation rental home in Destin? If so, consider the following helpful tips:
The Perfect Vacation Rental Home Location
One of the most over-used sayings in real estate is “Location, Location, Location.” Why? Because it’s true! Although Destin is just 16 miles long, there is a wealth of communities, resorts, and condominiums nestled along the Gulf. Income derived from a vacation rental is directly tied to the property’s proximity to the beach. The closer to the beach the high the revenue. Although you’re purchasing to maximize your investment, you’ll maximize your enjoyment by choosing the development that most aligns with your lifestyle.
Vacation Rental Amenities
You’ve narrowed the location of your vacation rental – now it’s time to consider the amenities your home or condo will offer to guests. Location and proximity to the beach are indeed the most vital factors, but amenities offered are a close second. For condos most amenities are included. These may be a fitness center, community pool, hot tub or a playground. Vacation homes may require a little bit more creativity. Subtle tweaks and additions can optimize your rental income. Sure adding a new pool or fitness center to your community may not be an option, but adopting the amenities offered by luxury resorts can go a long way. Vacationers are seeking to enhance their enjoyment, anything you can do to help translates to greater revenue.
Managing Your Vacation Rental
We are here to help you from start to finish with your vacation rental investment. In addition to being a full service Destin Real Estate Company we are also affiliated with the authority for vacation home rentals in Northwest Florida, Ocean Reef Resorts. This means our agents have access to over three decades of vital vacation rental statistics. With our wealth of knowledge we are able to accurately predict potential revenue and assist on pairing your emotional desires with your financial goals.
If you are considering purchasing a vacation rental in Destin, South Walton, or any of the surrounding areas we would love the opportunity to discuss your options and help you hand-select the perfect property. We are ready to build a lasting relationship with you and your family. Call 877.392.6085 to get started today!