Page 20 - Women Pushing Dirt June 2021
P. 20

Look before you leap!


              When buying a beach property for investment purposes, for example, to generate an income
              from short-term rentals, it is important to put together a realistic business plan. Work with a
              local realtor to understand what type of rental income you can expect and work with a local
              property management company to understand what it takes to maintain and operate the
              property. Be sure that you’ll be able to cover all costs of ownership, including any mortgage
              payments, and still be able to make a positive income.

              Choosing your location



              No coastal location is the same. There is a wide range, from coastal megacities to tiny, isolated
              hamlets. You need to think about your lifestyle and what you idealize about the beach. Are
              you looking for a lifestyle that revolves around Sangrias at sunset in your hammock, or are you
              looking for the excitement of your favorite watersports and outdoor activities? Do you idealize
              the tranquility and the scenery or the bustling activity of a tourist hotspot?

              Have a look around! There is a beach made in heaven just for you!













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