The Best Areas in California to Invest in Vacation Homes
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vactionInvesting in a beach house or a vacation home can be a profitable move to make, but there are a few things to keep in mind before you do. For starters, the regular areas such as Malibu are no longer suitable for investors, as property prices in these areas are now in the seven-figure range. Properties in these areas are properties you buy to use, not as a long-term investment.
That said, California is still a great place for investing in vacation homes. There are unique beaches with many potential beach house investments and we are going to review some of them in this article.
Cambria is an area about 30 miles north of Morro Bay. It is situated close to the Hearst Castle, one of California’s leading tourist destinations. Cambria is also the home of a very beautiful beach, making it the perfect place to invest.
As a coastal town, Cambria has an interesting advantage to offer, and that is its closeness to California’s best vineyards. Most of them are located within minutes from the town and the rest of the valley is just as accessible.
It is also worth noting that property prices in Cambria are much more appealing to investors. If you’re patient enough and you’re willing to work with the best California realtor you can find gems for less than $500,000 in this town.
Another interesting area to look into is Pismo Beach. It is located in the southern part of the Central Coast. It is an area lined with gorgeous beaches and one of the few locations where you can get sunny, warm weather almost all year. Let’s not forget that Pismo Beach is a popular retreat destination for the locals, especially those living in the Central Valley.
While Pismo Beach is very popular and an already crowded tourist destination, its property market is perfect for investors. You may not be able to find properties in the $500,000 range as easily, but most of the options are worth investing in. It is also the perfect area for generating rental income that can cover most of the costs of ownership.
The last area we’re going to talk about in this article is Morro Bay. Similar to Cambria, Morro Bay is situated rather close to Pismo Beach, only around 30 miles to the north of Pismo Beach to be exact. It is a town that marks the start of the rocky California
coastline. You may not get the same beautiful beaches as you get in Pismo Beach, but the weather here is superb and it is a town that caters to those who want a quieter vacation.