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Real Estate
Reply to "Second home - which beach? Help please."
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[quote=Anonymous][quote=Anonymous]During Covid we bought a place in Hilton head and would "sneak" there during the kids schoolweek bc of online capability. We have 3 kids that were in elementary or middle school then. It was about 250k for a 3 bedroom house and a 15 minute walk to the beach. As covid diminished and the kids got older we went less and less and now it's just used maybe for 1 week out of the year and a couple of long weekends. My wife usually drives down on Thursday and I fly down Friday night--and we drive back together Sunday evening. 8.5 hours! This year will be the first we rent it out--for a long term rental. The kids had fun when they were younger but now have school activities and seem less interested in going to the same restaurants and same beaches each trip. There was a huge,huge price jump--to over 1 million right after Covid but now the price has settled down to around 650k. I don't think I'd buy today at 650k bc the yearly mortgage on 250k was less than a nice vacation for the 5 of us---650k would be a 5 plusstar vacation and then another 2 or three after that. The annoying part is that the house is still your house--have to deal with fallen trees, squirrels in the attic space, hoa upset that the pine needles are in the driveway or that the paint looks too moldy due to moisture so the house has to be power washed 2x each summer... etc. I'm kind of excited to finally just rent the place out and have a change of scenery at different beaches. There's something nice about going to your own home but it gets kind of boring after a while too. [/quote] OP here. Thanks for all the input from other PPs and you as well. I am thinking more about just going places for a longer time period - 2 - 3 weeks rather than buying a place. If we find a place we really connect to, then maybe that will be the choice down the road. More than anything I'm daydreaming more than planning immediately as we are in the throes of eldercare, but doing it for so many years now it's just never-ending. It's taken its toll and life is passing by. Sounds like some great options and all had me thinking (rethinking) where and how to look. Thank you.[/quote]
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