skip to main content
Is Myrtle Beach Real Estate a Good Investment?

Is Myrtle Beach Real Estate a Good Investment?

Many companies in almost every industry have struggled during the last 12-18 months. Some small businesses and large corporations have closed their doors for the final time in the last few years. Others are just hanging on and finally beginning to recover. 

One industry that hasn't slowed down in many areas of the country is real estate. 

In fact, in places like Myrtle Beach and throughout the coastal Carolinas, if anything, the real estate market grew dramatically during the pandemic and has shown no signs of slowing down. 

With many working remotely, where you live is not necessarily dictated by the location of your career. As the real estate industry continues to flourish, many are asking if Myrtle Beach is the right place to buy property. 

 

Here are seven reasons Myrtle Beach real estate is a great investment. 

Seven Reasons Myrtle Beach Real Estate Is a Great Investment 

1) Myrtle Beach Is Perfect for Families

Long thought of as a destination for visitors and tourists, Myrtle Beach is getting attention as a great place in which to raise a family. 

The area has been called one of the top ten best small cities in the country. Being attractive to young families will ensure the region continues growing, likely resulting in increased property values over time. 

2) Myrtle Beach Attracts Millions of Tourists 

Even though the area has become an excellent place for families, that does not mean tourism has slowed in recent memory. There are still millions of people who consider Myrtle Beach their top vacation destination. 

If you are looking for a location for a second home, you won't do better than the coastal Carolinas. 

For those who want a place they can rent to vacationers part-time, this area has enough tourists to limit vacancies and help you earn excellent passive income. 

3) Myrtle Beach Has World Class Golf Courses

To say the area is famous for golf is an understatement. Some of the clubs and courses for which we're known include:

  • Legends Golf & Resort
  • Burning Ridge Golf Club
  • Myrtlewood Golf Club
  • Dunes Golf and Beach Club
  • Grande Dunes
  • Barefoot Resort & Golf
  • Myrtle Beach National
  • TPC Myrtle Beach

This barely scratches the surface of incredible courses. As long as we have a prevalent golf culture, you can be sure property will continue to be in demand here. 

4) Myrtle Beach Is a Retirement Dream Destination

For those considering what kind of house they need in retirement, this area is unbeatable. You have everything from garden homes to two-story houses large enough to accommodate visiting family and friends. There is no shortage of activities retirees enjoy, such as:

  • Mountain biking and road cycling
  • Zipline canopy adventures
  • Tennis and pickleball courts
  • Freshwater, deep sea, and surf fishing
  • Parasailing and windsurfing
  • Kayaking and canoeing 
  • Restaurants, nightlife, shows, and entertainment
  • So much more

The weather is amazing, with warm temperatures all year, little snow, and the perfect mix of sun and clouds. You never have to be bored in Myrtle Beach. Plus, if you ever decided to relocate again, there is a great chance your property will have generated equity.

5) Myrtle Beach Has Been Growing for Decades

The residential growth of Myrtle Beach is not something new. Our area has been growing steadily since the turn of the century. There are several reasons for the growth:

  • The presence of excellent healthcare
  • Quality public and private schools
  • A strong economy with an influx of large corporations and small businesses
  • The continued presence of tourism. 

Your property value is likely to continue to rise. One option that might maximize value and growth is buying new construction. Purchasing something brand new also gives you the most influence over what elements are included in your home. 

Additionally, you will have the longest period of time before you have to replace expensive elements like the roof, HVAC unit, water heater, and appliances. 

6) Myrtle Beach Is the Perfect “Zoom Town”

With the rise in remote work, people have discovered that they are no longer bound to live near their offices. “Zoom towns” are communities that are booming because they offer several things for which people are searching, such as: 

  • Outdoor recreation opportunities
  • High-speed internet options 
  • Small businesses and niche restaurants 
  • Cultural amenities 
  • Beautiful scenery
  • Proximity to friends and family 

With the natural elements and exciting Grand Strand, Myrtle Beach is poised to continue to grow as more and more remote workers choose to relocate to the area. 

7) Myrtle Beach Has Excellent Home Builders

There are two options for investing in real estate; buying an existing home or building something new. As long as your new construction is built by a reputable builder, being the first homeowner helps you avoid major maintenance costs and maximize your investment. 

Realstar Homes has decades of experience building excellent homes in the area. If you want to make sure you make the best investment possible, contact the team here at Realstar