Is the equity in your Hilton Head Island or Bluffton rental property growing? It may be time to upgrade your investment! As fall approaches here on Hilton Head, vacation rentals tend to slow slightly. It’s a great time to get into that property that you waited to see all summer long. Chances are it may be easier to take a look at now.
You may already own a one bedroom condo on Hilton Head Island and I’m sure you’re seeing great rental return on the property. By upgrading to a two or three bedroom condo, your weekly rate just increased and your property is more appealing to the vacationing family.
For example, take this two bedroom Villamare Villa in Palmetto Dunes. This area is not only a favorite to vacationers, but the resort amenities offered at Villamare are a step above the rest. This villa is only stpes to the beach and offers a lovely open floorplan with upgrades travelers appreciate. It already has a strong rental history and is offered for sale for $409,000. This is a great price for a villa in this complex!
Upgrade your investment or purchase additional property with your newly gained equity to take advantage of:
- historically low interest rates;
- increased equity to leverage into more investments;
- a greater monthly cash-flow of spendable income;
- a potential §1031 tax deferred exchange;
- additional price-value increases as an inflation hedge; and
- increased tax benefits.
If you foresee a change in your Hilton Head Island or Bluffton real estate ownership on the horizon, acting sooner rather than later is a wise decision. Call us today for more information. (843)686-4002.