With beautiful beaches and plenty of sunshine, it’s no surprise that Gulf Shores is one of the most sought-after destinations. Many who visit our serene shores dream of one day owning an investment property here. The real estate market is hot right now, and there are many benefits to owning a rental property in Gulf Shores. However, before you commit, there are some important things to keep in mind. Here are 10 questions to ask yourself before purchasing a Gulf Shores investment property.
If you’re trying to decide if a Gulf Shores investment property is right for you, contact Harris Realty Group. Our expert team of agents would love to help answer any questions you may have about the real estate process. We are happy to share our local knowledge about area neighborhoods, communities, and current market conditions. Call us today at 251-948-3018. We look forward to assisting you with your home search!
“Location, location, location!” We’ve all heard the phrase before, but it truly is the most significant thing to keep in mind when purchasing any home. Gulf Shores is huge and there are many different areas to consider. Are you looking for a beachfront condo, a single-family home in a quiet neighborhood, or a property near all the main attractions? Have you weighed the pros and cons of Gulf Shores vs. a condo investment Orange Beach or Fort Morgan?
Different opportunities present themselves in each location. If you’re unsure of the best place to buy in Gulf Shores, start by familiarizing yourself with the different neighborhoods and communities. Narrow it down until you’ve found the location that aligns with your personal goals. And if you have questions about a specific area, feel free to ask us!
If you plan to rent your property to future vacationers, you should also consider what amenities might be important to them. For example, guests visiting Gulf Shores may be interested in amenities such as beach access, Gulf views, pools, hot tubs, a fitness room, or pet-friendly accommodations. Write down which, if any, amenities are must-haves and keep this in mind during your search.
Make sure to ask your Realtor if your property requires Association Fees. Sometimes neighborhoods and condominiums charge these fees, which typically include maintenance and use of common areas, amenities, lawn care, and more.
It’s important to identify your exact goals with this investment. Are you planning to make income by renting the property? You’ll need to choose whether to rent it long-term or short-term. Perhaps your goal is to flip a home and resell it in the future. Determine what will earn the biggest return on your investment.
You should have a realistic timeline in mind. Whether you’re ready to invest now, in 3 months, or a year from now, knowing when you want to buy is crucial to the planning process. If we know your timeline, our team at Harris Realty Group can help you plan your future investment.
Whether you’re a first-time homebuyer or a seasoned pro, you must do your research. Search the web for current housing prices, taxes, school districts, and other statistics. If you’re not local, it’s a good idea to visit Gulf Shores and personally get a feel for the different neighborhoods. You can easily book a Gulf Shores vacation rental and stay as long as you need to scope out the area.
Everyone has a different budget when it comes to buying an investment property. Determine the minimum and maximum amount you are willing to spend. Then, decide if the rewards outweigh the risks. Be realistic about your financial goals. After all, you are in this to make a profit!
Consulting a lendor helps you narrow your search to homes that accurately fit your budget. It’s also important to obtain lender pre-approval because it shows sellers that you are a serious, qualified buyer. Sometimes sellers will not even allow showings to buyers who are not pre-approved. Do you need recommendations about experienced, reputable lenders? We can help!
As mentioned earlier, you must determine your financial goals. Gulf Shores is a huge vacation destination that attracts millions of visitors each year. If you want to capitalize on our booming tourism market, find out the rental history of each property you are considering. This will give you an idea of the average rental income in Gulf Shores, AL.
Your most valuable tool in your Gulf Shores investment property search is hiring a licensed Realtor. It’s important to find a qualified agent who is knowledgeable about the local area and will listen to your needs. At the end of the day, it will save you plenty of time, money, and frustration!
At Harris Realty Group, it is our goal to help you find the property that best meets your unique needs. From the beginning of your home search to the closing table and beyond, we will work with you every step of the way. We’re here to help you make the best short and long-term financial decisions.
Now that you know the right questions to ask, it’s time to begin your home search! Harris Realty Group is ready to help you turn your investment dreams into a reality. Our expert team of agents knows the area better than anyone, and we can assist you with finding the perfect property for your needs and your budget. Feel free to browse homes for sale in Gulf Shores. Our detailed Property Search tool allows you to find homes by the criteria that matters most to you, like price, area, subdivision, or school district. When you’re ready to speak with an agent, give us a call at 251-948-3018. We’d love to help you find your place in the sand!
With beautiful beaches, friendly people, and great weather year-round, there are so many reasons to love living in Gulf Shores, AL. Consistently recognized as one of the nation’s best beach towns, it’s an excellent choice for families, couples, and retirees alike. Are you thinking about relocating to Gulf Shores? Here’s how you can make a hassle-free transition with Harris Vacation Rentals.
If you’re on the fence about relocating to Gulf Shores, why not book a longer stay in one of our vacation rentals? That way, you can get a feel for the local area without jumping into a long-term commitment right away. It’s a great way to decide whether Gulf Shores is a good place to live.
Imagine waking up and heading to the beach for a glorious sunrise over the Gulf. As you stroll along the shoreline, you’re greeted with warm smiles and friendly waves from locals and visitors alike. Imagine raising your kids by the beach, with summers spent building sandcastles, flying kites, and bonding with family. Finally, imagine growing old together in one of the most beautiful places on Earth. This is just the beginning of what it’s like to live in Gulf Shores.
This coastal community is unlike any other, and it’s a great choice for couples, families, retirees, servicemen and young professionals. Here, you’ll find fabulous restaurants and shops, great schools and neighborhoods, pristine beaches, and endless attractions. The mild climate makes it possible to enjoy your favorite outdoor activities year-round here. Not to mention, the taxes and cost of living are lower here than many other areas of the country!
Too often, guests visiting Harris Vacation Rentals tell us that they wish they could stay here forever. Well, the good news is – you can! While you’re searching for places to live in Gulf Shores, AL, enjoy a long, relaxing stay in one of our vacation rentals. Take your time exploring the different Gulf Coast communities and decide which one is right for you. Do you prefer the Gulf Shores area? Maybe you’d prefer moving to Orange Beach, Alabama or Fort Morgan? These are important questions that only you can answer!
If you’re considering relocating to Gulf Shores, we invite you to book a stay with Harris Vacation Rentals. We offer a wide array of properties in Gulf Shores, Orange Beach, and Fort Morgan. Whether you’re searching for a pet-friendly rental, a beachfront home, a trip for the summer holidays, or a luxury home with a private pool, we are sure to have the ideal lodging option for your stay. Unlike generic hotels and condos, you’ll feel right at home from the moment you walk inside. We also offer a variety of deals and discounts on several of our accommodations, so make sure to take advantage of these. Are you ready to start searching for your forever home in Gulf Shores? Contact us today to learn more about staying in one of our long-term vacation rentals. We can’t wait to welcome you!