How to maximize your return on investment with a limited budget
Ocean waves, a warm breeze, and a beautiful sunset. This is where I found myself this week as I fearlessly remodeled a beachfront condo in the heart of Florida’s gulf coast prior to my clients’ Thanksgiving family vacation. This was no normal design remodel, or as I like to call it a reno-do. This was unique.
From the white sands of Hawaii to the idyllic New England seaside, Americans flock to the beach for rest and relaxation. Median home prices in these towns are too expensive for most. But there are some equally charming US locales that boast being affordable beach towns.
SmartAsset, a financial information source, compiled a list of 25 budget-friendly beach cities. Granted, not all of these median prices are on the water. But if you don’t have to book a hotel or drive more than 20 miles to the water, you’re doing ok. Here are the top 10:
Real estate prices are rising across the country. Finding that home to turn into a rental property may have you looking outside your city. RentRange®, a single-family rental market data company, released a study identifying the top 25 cities in America to invest in rental homes.
The study analyzed the average rental rate increase and average gross yield (income return from an investment prior to operating costs) for single-family homes for the first quarter of 2016 (compared to Q1 of 2015). Data was collected on approximately 250,000 homes; sources include multiple listing services, property managers, landlords and listing web sites.
As you would expect in the Spring, home prices across the country are on the rise. These 14 states topped the latest charts. The hottest housing markets are based on increased median home prices coupled with growing sales, according to the latest CoreLogic Home Price Index (HPI™) and HPI Forecast™.
9. TEXAS (tie)
6.9 percent, highest sales in Dallas and Austin