Having an oceanfront real estate property can be a profitable investment. If you’re planning on getting a second home, preparing for your retirement accommodation, or becoming a real estate investor, now is the best time to look into beachside properties.
Oceanfront condos command high rental income because of the unique view they offer. Be careful not to mistake oceanfront properties for ocean view properties as these two are quite different from each other. Though both provide views of the ocean, oceanfront condos are built close to the shore, therefore there are no obstructions between the building and the ocean.
If you’re going to use your oceanfront property only during vacation, then you should consider renting it short-term for added benefits. Allowing short-term rentals will get you much higher profit than if you rented it as a long-term residential home. Since there is a great demand for accommodations in the area, you’re almost guaranteed 100% return on investment in a short period of time.