When you own property on Hilton Head, there are many options when it comes to how you use your home. If you buy a home to hold onto until you are ready to use it, the short or long term rental system is a great option. With short term rentals, you can expect higher weekly rental rates during the summer, with units consistently rented for 20+ weeks per year. Don't count out the Snowbirds who like to rent for 3 or more months during the winter. We attribute this to our extended fall and spring Golf Guests, and retiree's looking to avoid the snow and cold weather in the winter.
The long term rental market is is extremely good right now with more demand than supply causing the monthly rental rates in long term communities to average between $2000-$3000+ a month for a 3-4 bedroom home.
If you dream of owning property in the Low Country, think about making that purchase now, and using it as an income producing property until you are ready to move it. Interest rates are still low, and they are not making any more coastline.
We always encourage house hunters to speak with a Mortgage Professional to get a true picture of what you are able to purchase. It allows us to better serve you and find the perfect property for your needs.