Are you preparing for retirement? Or maybe you have some disposable income, and you’re looking for a new, intriguing way to invest it. We hear this a lot, and we recently discussed how you can make Real Estate a part of wealth plan. One of the best ways to save up for retirement and live a comfortable life is to start buying rental property now. In that blog, we discussed how this can be especially advantageous here given the local market presents a high rate of renters along with a substantial monthly rent.
And the news keeps getting better. Recently, GO Banking Rates released a list of the best places in each state to buy/own a vacation home. To determine each state’s most sought-after city, GOBankingRates reviewed the top vacation destinations in each state and cross-listed those spots with the median home value and the median rent for each destination. We’re happy to share that New Orleans, LA and Pass Christian, MS was named the best place in each respective state to buy/own a vacation property!
The following is what the GOBankingRates article states about the Crescent City:
Median home value: $174,600
Rental yield: 9.64 percent
Tourists come to New Orleans for its festivals, haunted tours, jazz clubs, live music, historic areas, restaurants and more. A rental home in the Southern city brings in an average annual income of $16,824.
Check out all of the available real estate in New Orleans.
The following is what the GOBankingRates article states about The Pass:
Median home value: $153,100
Rental yield: 9.34 percent
The Mississippi Gulf Coast community of Pass Christian is a popular retreat for people who want to experience a relaxed and laid-back way of life. The area has antiques shops, cruises, shooting ranges and more.
Check out all of the available real estate in Pass Christian.
Ready to get started? Contact a Gardner Realtor to learn more about making Real Estate a part of your wealth plan and creating the life you love!