Better known as a vacation hotspot to outsiders, Myrtle beach is more than just a holiday paradise. The South Carolina ocean city is a quiet community with a population of young professionals and growing families.
However, buying a condo in Myrtle Beach, just like any other place, is not as easy. As a sprouting metropolis, Myrtle beach has numerous top-notch condos at pocket-friendly prices.
But how do you go about finding the best condos for sale in Myrtle beach? What aspects do you have to consider when looking for a condo?
To make the process a lot less overwhelming, below is a guide detailing why moving to Myrtle Beach can be the best decision for you as well as what you should consider when looking for a condo in the area. See more to find out the best condo.
Reasons To Buy a Condo in Myrtle Beach
Apart from the old Southern charm that the city offers, there are plenty of other reasons why you should relocate to Myrtle Beach some of them being:
Vacation Is a Lifestyle
Yes, you read it right. Just because you’re not on vacation doesn’t mean that you cannot afford to live a vacation lifestyle. There are very few places in the world that you can get to live a vacation lifestyle, and Myrtle Beach is one of them.
Living in Myrtle Beach makes it relatively easy to make each day count since you can quickly get access to several restaurants, entertainment joints, the beach, and other attraction spots. Generally, there are many fun things to do in the vicinity to help you slow down and relax.
Enjoy the Southern Hospitality
Apart from the fantastic beaches, the warm Southern charm and its hospitality are unmatched. The vibrant and friendly nature of the communities in Myrtle Beach is another reason why thousands of people flock to the beach city every year. Anyone who’s vacationed at Myrtle Beach will tell you how easy it is to feel at home away from home.
Excellent Health Care
One of the most crucial things to consider when buying a condo is the amenities in the area and most especially, the health care services available.
As for Myrtle Beach, what makes it particularly alluring is its demographic which has a significant population of retirees who’re enjoying life along the shores and a sprouting number of young families.
For this reason, you’ll find many state of the art hospitals scattered across the city as well as award-winning medical centers equipped with some of the best medical technologies.
With tourism being a big business in Myrtle Beach, there are over 75,000 jobs centered around the industry.
As a client looking to buy a condo in the city, you can stay rest assured that you can find numerous employment opportunities to sustain your lifestyle. As you would expect, some of these jobs are hourly-wage positions, while others are supervisory, and management.
In a nutshell, there are numerous lucrative opportunities on the southern beach within and beyond the tourism industry.
Low Cost of Living
Contrary to common belief, Myrtle Beach has a relatively low cost of living; 7% lower than the national average while the cost of housing in the area is estimated to be 32.2% less than the national average according to a report done in the first quarter of 2020 by the nonprofit Council for Community and Economic Research (C2ER).
The local authorities know that life is more enjoyable when everyone can afford it. For this reason, the local government imposes low taxes on its residents in the form of social security benefits, low-income education, among many other tax incentives.
What You Should Know When Buying a Condo In Myrtle Beach
If you’re looking to buy a condo in Myrtle Beach, there are certain aspects you need to factor into consideration. Owning a condo might seem exciting but there are many challenges that you can experience.
However, with helpful planning, you can successfully secure a condo with ease. Here’s what you should know when buying a condo in Myrtle Beach.
You Need to Have Your Finances in Order
Before deciding which condo to buy, the first thing you should do is determine the amount of money you can realistically afford to spend.
As a rule of thumb, it’s essential to keep your total condo association fees, mortgage fees, insurance, and property taxes under 30% of your gross monthly income. At the same time, don’t forget to put your financial documents, such as mortgage applications, tax returns, and bank statements, in order.
Find an Agent
Finding a condo to buy (especially for the first time) regardless of location, can be a daunting task. Therefore, it’s of utmost importance to look for an experienced agent specialized in selling condos in Myrtle Beach to guide you through the process of finding a condo that suits you the most.
However, it’s important that you do your due diligence first while hiring an agent. You should ensure that the real estate agent you hire is legitimate, established, and knows the ins and outs of the area.
Consider the Amenities You Want
Different condos in Myrtle Beach have a wide variety of features and accessories that you may or not deem too appealing. To get all the desired amenities, make sure to address exactly what it is that you’re looking for to your realtor. While at it, don’t forget to consider other factors such as the location and budget so that you can get the best place for you.
It would be very ideal if you also kept in mind amenities that make the house extraordinary as they may prove highly convenient when you want to sell your condo.
Consider Condos for Sale in Myrtle Beach
If you’re looking to buy a condo in Myrtle Beach, the time has never been better. Its endless stretch of coastline and affordable cost of living and housing makes it an ideal choice. The tips highlighted above should help you buy the best condo in Myrtle Beach tailored to your needs.