Thursday, November 12, 2009

On the Lighter Side- Travel- Myrtle Beach, South Carolina-3

(Disclaimer: See in Part One):

Regarding Investments in Myrtle Beach, you will find that if you are going to buy a condo or a house near the very nice part of Myrtle Beach, you will have to pay on average 200k for the house and less than that for a condo with ocean view, one bed and one bath only. But if like the beach you would love to have a real estate investment here.

If you live far away from this state and would like to come here two or three times a year, it is best to get a condo, since the maintenance is low and security is no problem. You just lock your condo door and that’s it.

Even if you can afford the condo with a ocean view, you still have a choice to move a couple of miles down the road and get what you want for less than 150k ( I checked it myself). But even if that is out of your range, you can move a little further away from the water and still get condos for 125k or less. I have seen new construction going for that amount for a townhouse on the main road. Land is cheap and weather is good so you should check out if you have a feel to buy a little getaway there.

Just to let you know apart from the beach (which millions of people visit every year), and some entertainment, there is not much work around here if you are thinking about getting some. You can start your own business but you would be depending upon tourist dollars (which is tight right now anyway) for survival. The lower cost of living means that you can still move here but don’t expect to be spending extravagantly since the pay scale and median income here is also low. But just as I said if you want to invest or retire, it would be one of the perfect places to do with less money and more relaxed life style.

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