Best Places to Buy Vacation Rental Property
Throughout the United States, that are a variety of excellent locations with a plethora of wonderful properties in each location. Purchasing a good property in one of those locations can be quite inexpensive, and from that investment, you now have a lovely vacation home! But, more importantly, you can then rent out that property to families who want to vacation in that location, allowing you to receive an excellent return on your invest
Considering the best places to buy vacation rental property can take a lot of time. We’ve helped by summarizing some of the most sought after or up-and-coming destinations.
What Are The Best Places To Buy Vacation Rental Property?
1. Grand Park, Colorado
Grand Park is located in the heart of the Rocky Mountains, right on the edge of Winter Park. It’s a town that is surrounded by an extraordinary amount of natural beauty, and gives you easy access to a variety of fun and exciting outdoor activities. Plus, it’s only one-hour outside of Denver, so that makes commuting to and from the rental property very easy.
Much of what makes Grand Park such a great place, is the fact that it offers so many fun and enjoyable activities that you’d be hard-pressed to find elsewhere. For one thing, it’s right by Winter Park, which is one of Colorado’s most famous ski resorts, but along with that, it gives you easy access to the natural landscapes of the Rocky Mountains and a myriad of wonderful outdoor activities.
Right by Grand Park, there’s Winter Park, which gives you easy access to world-class skiing. But, if you don’t want to go skiing, you have easy access to activities such as hiking, mountain biking, fishing, white water rafting, horseback riding, and golfing.
Part of what makes Grand Park such an excellent place for purchasing a vacation rental property, is the fact that, in comparison to Colorado’s other ski towns, purchasing a rental property is incredibly affordable. Grand Park offers some beautiful properties that are equipped with all of the amenities you – and your renters – will need, and all for a very affordable price! It is definitely one of the best places to buy vacation rental property.
2. Shenandoah Valley Area, Virginia
One of the best places to buy vacation rental property is this area of Virginia. The Shenandoah Valley Area is situated all across the Blue Ridge Mountains, and the Allegheny Mountains. Due to the size of the area, it encompasses two counties in the state of West Virginia, and eight counties in the state of Virginia. As such, it offers the amazing outdoor activities that Virginia is known for, as well as a number of very pleasant and laidback small towns that are great for vacations.
What makes the Shenandoah Valley Area a great vacation spot, is the fact that it gives you easy access to a variety of fun and enjoyable outdoor activities. These are activities such as hiking through the Shenandoah National Park, visiting the Shenandoah Caverns, and even walking through a portion of the Appalachian Trail!
As a result of the sheer size of the Shenandoah Valley Area – it’s 150-miles long, and 25-miles wide – there are plenty of towns and counties that you are able to purchase a rental property in. But, if you would like to attract the big spenders, it’s best to purchase a property that is close to Shenandoah National Park, or the Massanutten Resort. Within those areas, the median home price is around $227,500.
3. Big Sky, Montana
Big Sky, Montana, is a small town that’s located in the southern part of Montana. What’s notable about it, is the fact that it’s located within the Rocky Mountains, and that it’s only fifteen-miles from Yellowstone National Park
Due to Big Sky’s position on the Rocky Mountains, it’s one of the best places in Montana to go skiing. But, skiing isn’t the only fun activity that you can find in Big Sky. There’s also ice skating, sledding, snowmobiling, and winter fly fishing. Plus, during the summer, there are plenty of opportunities for camping, hiking, mountain biking, horseback riding, and zip lining.
In comparison to the other locations on this list, Big Sky is fairly expensive, with a median home price of $393,100. But, due to the popularity of the Rocky Mountains and Yellowstone National Park, as vacation destinations, many people are visiting Big Sky, so renting out your vacation property shouldn’t be a challenge.
4. Surfside Beach, Texas
Surfside Beach, Texas, is unlike most of the beach towns that you’ll find in the South. It isn’t particularly touristy, and there aren’t that many boardwalk shops or restaurants that cater to tourists. Instead, it’s a town that is low-key and laidback, which allows visitors to simply sit back and enjoy the beach.
While in Surfside Beach, visitors can visit the titular beach, as well as Jetty Park and Stahlman Park, two parks that are right by the ocean. But, other than those places, there aren’t very many attractions in Surfside, which is part of what makes it a great place for a nice, simple vacation.
Finding inexpensive property in Surfside is easy, and finding a solid vacation rental property that’s located on the beach is also very easy, due to the way that the town has been designed and structured. The median home price is $166,000, which will get you a nice property that’s right along the beach.
5. Kissimmee, Florida
Kissimmee is located in the heart of the Orlando Metropolitan Area. It’s home to around 74,000 residents, and while certainly not the largest or most extravagant city in Florida, it’s home to a variety of fun and enjoyable activities, and it’s surrounded by some of the best amusement parks in the United States!
Right by Kissimmee, there’s Disney World, LegoLand, SeaWorld, and the Universal Orlando Resort. Plus, due to Kissimmee’s position in relation to the rest of Orlando, you have easy access to activities such as fishing, boating, golf, and horseback riding.
The median home price in Kissimmee is $220,100. With that price, you’re able to get a nice vacation rental property that is right in the middle of Kissimmee, giving you – and the people vacationing at your rental property – easy access to all of the fun and enjoyable activities that Orlando has to offer!