Buying a vacation rental property is an excellent long-term investment, but what do Americans look for in a vacation home? They are all looking for admirable locations – some desire mountainous landscapes while others look for beaches with sunshine. But choosing the best place for your vacation home is not as easy as it may appear because it requires a lot more consideration than just a good setting.
Those who seek to maximize their investment need to have an in-depth review of the current market, the regulations of their chosen sites, and rental rates. The most significant time to make such an investment is now when demand for vacation homes is at an all-time high across the country. Investors, according to Vacasa, can benefit substantially from the break. If you are looking for the best places in the US to buy a vacation home, here’s our list of places of great vacationing opportunities:
Gatlinburg, Tennessee
Tennessee is a well-known state for vacation; it’s full of astonishing natural beauty, great attraction sites, and rich history. Top that with great music and adventure parks, and you have a complete package of entertainment. Gatlinburg in Tennessee is a brilliant location for vacations. It has a lot to offer to its visitors, making it so beloved by everyone. You can find gatlinburg condos to stay in at the best prices and on the perfect sites, but you have to pre-book your rooms because the place is always brimming with tourists. The city is famous for its Skylift Park. It allows guests to walk on North America’s longest bridge, with 30 feet of glass panels as its flooring, allowing people to enjoy nature beneath their feet. Even if people are a bit acrophobic, they can still enjoy the view from SkyDeck. The market has reached number one in 2021, as per Vacasa, with annual rental revenue of $47,328.
Nashville, Tennessee
Fine dining paired with live music in big metro cities is the epitome of an urban getaway! If you are looking for a place like Miami, NYC, or LA but lighter on the pocket, Nashville is it. The city offers similar facilities and attractions but is much more affordable for buying a vacation home. Here, you can enjoy casual dates at the art museum in Music City or a romantic stroll in lavish green parks followed by dine-in at five-star restaurants or drinks at a loud bar! Nashville recently snagged the title of New Bachelorette Capital, making it known to the world just how best this place is for parties and holidays. You can capitalize on this opportunity by renting your vacation home and profit from it when you’re not using it. There’s a lot in this city to do, from exploring the city on the bike to attending concerts at Centennial Park. The country’s top artists perform live at Grand Ole Opry every day. The famous hall of fame is always full of tourists coming to find the name of their favorite celebrities.
Panama City Beach, Florida
The classic American Dream is a vacation house in Florida with ideal sunlight and a beach atmosphere! And Panama City Beach is one of the greatest areas to buy vacation beach property globally, much like the United States. The turquoise sea water, white sand, and long summers make it ideal for relaxation and vacation. And there’s plenty to do here as well, which makes it a great attraction for young adults, families, and snowbirds. This beach city is also more affordable than Hawaii or California, allowing greater rental returns to homeowners here. In PCB, one can visit State Park for surfing, hiking, swimming, and much more. The Shipwreck Island Waterpark here puffer excellent water slides and wave pools with friends to enjoy. Panama Beach City also has amazing bars famous for unique cocktails and beers and a family-friendly, safe place for indoor games, dance, and karaoke. Homeowners make at least $32,764 as an annual rental return, on a median investment of $290,157.
Myrtle Bridge, South Carolina
We have all heard of the beaches and golf courses of South Carolina and read about the National Historic Landmark of the incomparable architect of the 18th century. The famous city of Myrtle Beach here is one the best places to purchase waterfront property. It has miles and miles of beach and offers adventurous activities like dolphin-watching and deep-water fishing. It’s a great place to visit with family and enjoy children-friendly activities on Apache Pier. You can optimize the rental return by buying an oceanfront home with an attached boat dock. Visitors usually come here to relax in the sun, enjoy sunsets and spend days fishing with their kids and friends. From fishing flounders to small sharks, boat tour agencies like Voyagers Deep Sea Fishing and Dolphin Cruises offer a fantastic fishing experience. The Family Kingdom Amusement Park and Ripley’s Aquarium are a must-visit for tourists. And remember to try the best seafood buffets in Myrtle Bridge with fried calamari, lobsters, and salmon at places like Crab Daddy’s. The beach clubs here offer live music and dance competitions, too, along with chilled beer.
Palm Springs, California
Who wouldn’t want to escape the busy city life and spend a vacation in the middle of the Sonoran Desert? Palm Springs city is an excellent place for warm vacations in southern California. It has a lot to offer to fulfill your relaxation needs. Start your day meditating in the warm sun, and then explore the place by riding horses across the desert. You can also attend Joshua Tree Music Festival in the evening and enjoy modern musicians at their best. Go hiking at Mount San Jacinto State Park, or spend the day swimming in the mineral pools famous for the spas at Palm Spring. The place is a brilliant investment option for a vacation home. The suitably warm weather and natural beauty always attract tourists of old age or snowbirds to California. The thriving arts scene and contemporary architecture is a fantastic getaway for bachelors and students, which keeps the place full of visitors throughout the year. Young travelers also arrange dreamy retreats here for the facilities of private pools and charming hikes. Being one of the most popular vacationing locations on the West Coast, it can offer you up to $52,784 annual rental revenue.
Conclusion
The bottom line is that the United States is an unsurprisingly attractive place for visitors from all across the world. But some places like Florida, Tennessee, California, and others offer unique getaways to local Americans. As a result, buying a vacation home is a long-term investment that will continue to pay off handsomely – especially in locations where visitors flock all year.
