Let's face it, houses near the beach are expensive and are not meant for just anyone out there who's dreaming of acquiring a house just like it. But take heart! You can still have a feel of the wind by the ocean and smell the saline sea by renting a beachfront house. For those who have the hard cash, Huntington Beach homes for sale and many others can be considered gorgeous possessions but can be a source of income as well.
According to the National Realtors Association (NRA), there is an increase in home sales of 7.9%. On the other hand, about 6%-10% of homes in the US are considered as second homes. Home owners could fetch $3,000-$5,000 a month from rentals. Prices for elegant beachfront houses could range from $1M-$4M, while others not-so far by the beach could just be half the price or even lower. Beach houses, like the ones at Huntington Beach real estate, are ideal rental properties and purchasing an investment like this could be one of your life's best decisions.
As rental property, you could receive a respectable income every year from tourists, local visitors and maybe even referrals from family and friends. There are loads of information online on how you could do this effectively. There's this 14-day living rule which you could use and refer to. Some owners at the Huntington Beach real estate live at their homes for just 14 days or less a year. The government declares the said property a business if you spend 14 days or shorter, but if you use it for more than 14 days, then it'll be considered a personal residence already. In the end, you'll be paying twice the mortgage interest and property taxes (as you'll be including your primary home).
Having your property for rent could also mean that you will be inviting in mostly strange people into your own house and having made available to their content all the other amenities in the house. Having said that, some furnishings need to be replaced rather more often. Other rental expenses like mortgage interest, utilities, insurance and property manager's fees should be considered and must be paid as well. This could be hard on you if rent is your only means to pay for the said beach house.
Just as there are many Huntington Beach homes for sale and in many other cities in California, there are also several financing options you could avail of according to your preferences and capability to pay. You could talk to your real estate agent or lenders to be properly advised on this matter. The Federal Housing Administration (FHA) has low downpayment schemes of five percent or even less.
Rental property or just a sheer vacation getaway at the Huntington Beach real estate, it need not be explained that the view is breathtaking and the environment relaxing. It's time to bring out a bench, lie down and relax. And have a toast for your deserved vacation!
According to the National Realtors Association (NRA), there is an increase in home sales of 7.9%. On the other hand, about 6%-10% of homes in the US are considered as second homes. Home owners could fetch $3,000-$5,000 a month from rentals. Prices for elegant beachfront houses could range from $1M-$4M, while others not-so far by the beach could just be half the price or even lower. Beach houses, like the ones at Huntington Beach real estate, are ideal rental properties and purchasing an investment like this could be one of your life's best decisions.
As rental property, you could receive a respectable income every year from tourists, local visitors and maybe even referrals from family and friends. There are loads of information online on how you could do this effectively. There's this 14-day living rule which you could use and refer to. Some owners at the Huntington Beach real estate live at their homes for just 14 days or less a year. The government declares the said property a business if you spend 14 days or shorter, but if you use it for more than 14 days, then it'll be considered a personal residence already. In the end, you'll be paying twice the mortgage interest and property taxes (as you'll be including your primary home).
Having your property for rent could also mean that you will be inviting in mostly strange people into your own house and having made available to their content all the other amenities in the house. Having said that, some furnishings need to be replaced rather more often. Other rental expenses like mortgage interest, utilities, insurance and property manager's fees should be considered and must be paid as well. This could be hard on you if rent is your only means to pay for the said beach house.
Just as there are many Huntington Beach homes for sale and in many other cities in California, there are also several financing options you could avail of according to your preferences and capability to pay. You could talk to your real estate agent or lenders to be properly advised on this matter. The Federal Housing Administration (FHA) has low downpayment schemes of five percent or even less.
Rental property or just a sheer vacation getaway at the Huntington Beach real estate, it need not be explained that the view is breathtaking and the environment relaxing. It's time to bring out a bench, lie down and relax. And have a toast for your deserved vacation!
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