Myrtle Beach Preconstruction Condos: Dream Living Made Affordable
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by: Randy Zlobec
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The warm sand, cool breeze, and peaceful sounds of the surf are often thought to be the perfect combination for relaxation and enjoyment. America's beaches are more popular than any other vacation destinations and the joys of beach living appeal to many. In recent years, America's most beautiful beaches have begun to cater to the beach side living dream with luxurious condo constructions designed for a relaxing, oceanside lifestyle.
Myrtle Beach, SC is one of the most popular beaches on the east coast, voted fifth in the nation by the travel channel in 2003. Not only does Myrtle Beach offer a gorgeous beach with miles of pristine white sand meeting the rolling waves, the area attractions are endless. Golfers can enjoy more than 100 world class golf courses in the Myrtle Beach area, while cultural enthusiasts can take in a musical, visit one of the numerous art galleries and museums, or dine with entertainment at the famous Myrtle Beach dinner theaters. Myrtle Beach is a shopper's paradise, with a variety of outlet stores, bargain flea market venues, oceanfront boutiques on the scenic boardwalk, and open air malls with activities for all ages and the dining options in the area offer just as much variety, from local seafood to elegant dining and international cuisine.
With so much to offer, it is no wonder that Myrtle Beach is one of the most popular retirement locations and a sought after market for new home buyers of all ages. Each summer, the sparkling sands and lively entertainment of Myrtle Beach draws more than 10 million visitors. The metropolitan area has a year round population of more than 217,000 and that number continues to increase. Those looking for the ideal year round retirement home, individuals craving a relaxing vacation condo overlooking the glistening beach, and even families wanting a vacation home in the center of the best beach attractions find Myrtle Beach to be the perfect location.
In the past, beach front condos and resort style vacation homes were only available to affluent buyers because of the astronomical prices on these desirable structures. The recent increase in demand for beach condos, coupled with an increase in construction, has made many beach condos much more affordable, especially in Myrtle Beach. The average price of a Myrtle Beach vacation condo is about $214,000, nearly $20,000 less than the national average for standard new homes.
With the interest in new Myrtle Beach vacation condos continuing to steadily increase, there are now thousands of developers planning new constructions throughout the area. Preconstruction sales give everyone the opportunity to own their own piece of beach living paradise with drastically reduced prices and tremendous options on luxurious condos. Myrtle Beach preconstruction condos are available with various amenities in prices to fit every budget.
Why Buy Myrtle Beach Preconstruction Condos
When plans for a new condominium structure are first made, the developer is faced with the task of obtaining financing for the project. In most cases, this requires proving that the project is worthwhile. Before the bank will provide the developer with the funds to erect the structure, the developer must convince them that there is an interest in the building and that the condos will sell after completion. The easiest way to do this is typically with presales.
Once a developer has their plans in place, the condos are promoted to the public and a portion of the units are offered to early buyers. Those interested in purchasing a preconstruction condo typically provide the developer with a down payment, or deposit, on the property, which is placed in escrow while the construction takes place. Myrtle Beach preconstruction condos can generally be secured for a minimal deposit, typically no more than $10,000.
To generate interest in the project and to guarantee plenty of initial buyers, preconstruction condos are sold for a fraction of the final selling price. With preconstruction condos, vacation home buyers can enjoy their dream beach home at an affordable price. Preconstruction condos can be found as low as $120,000, making the beach living dream a reality for almost anyone.
Myrtle Beach preconstruction condos are also terrific investment opportunities. Real estate is known to be one of the most lucrative investments available and beach front or water view property is the most sought after. In recent years, resort properties, especially those in waterfront communities, have experienced increases in value of as much as 20% per year. In many cases, preconstruction condos can be resold as soon as construction nears completion for a quite attractive profit.
Whether you're planning a peaceful retirement relaxing by the sparkling sea or wanting a family vacation condo with all the amenities, Myrtle Beach preconstruction condos offer luxurious living at an affordable price. Preconstruction condos are the best way to find a terrific deal on Myrtle Beach real estate for homeowners, retirees, and investors, from living the oceanside dream to profiting from your own Myrtle Beach vacation rental.
About the Author
The Hoffman Group of South Carolina offers Myrtle Beach Condos For Sale & Preconstruction oceanfront condo investment opportunities. Visit http://www.oceaninvestments.com for more details
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