18
Dec
Buying Tips

How Your Beach Investment Can Generate An Income

December 18, 2022

Did you know that the sound of waves triggers the brain's sound patterns, encouraging relaxation and calmness as well as deeper and more rapid sleep? This is just one of the advantages of spending time by the sea. If you aspire to own a beach property, you've probably considered how to earn income from your property at least once. This is especially true if your space is vacant for a sizable portion of the year while you're not using it.

One of the most practical ways to pay for a beach home investment property or even generate money is to rent it out for the time it is not in use. The idea can be simple: create a budget, invest in the property, rent it out, and profit from the cash flow. There are many nitty-gritty details that need to be resolved, though, before you can enjoy the earnings from short-term rentals.

But would it be wise to invest in a beach house? More importantly, is purchasing a home in one of the best beach resorts a great way to generate income as a rental property? What would be your investment strategy to attract yearly tourists from the offset? Let's explore what it takes to commit to an investment in a beach house that generates a reliable rental income.

An attractive location sells itself

Even if it has picturesque views, a beach house may not be able to retain its guests if it is in an undesirable location. If you want to buy a beach house with the intention of renting it out for a portion of the year, give careful consideration to choosing the ideal location. Take the Eleven-Eleven five-star luxury beach resort for instance. Not only does it have breathtaking views, but you may find that it will also give your long-term and short-term renters a great place for a restful and enjoyable beach house stay in a beautiful resort environment. The prime location of your beach house at Eleven-Eleven will only boost its rental appeal.

 

All year-round accessibility

In general, the peak season for vacation homes lasts about twelve weeks. There is a spike in international visitors throughout the summer and during the festival/Christmas season. Keep in mind, too, that Ghana has year-round tropical sunshine weather. The number of individuals searching to rent homes in the most populated parts of the country remains high year-round. Because of the increased demand for housing during this time, real estate prices tend to go on the rise. Homeowners are able to get a higher rental income during peak season.

 

In a perfect world, your real estate investment would be in a holiday home that you could also rent out in the off-season. A property in Eleven-Eleven is a fantastic and lucrative option because beach resorts are a relatively new and profitable industry niche in Ghana. 

 

Ghana witnessed a surge in foreign visitors and more than $2 billion in tourism-related income after the opening of Kotoka International Airport's Terminal 3 in Accra in 2018. It only goes to show that real estate investors interested in a beach house in Ghana would be guaranteed favourable returns every day of the year.

 

The convenience of amenities will have a positive return

Short-term tenants and holidaymakers generally do not want to spend more money on car hire and taxi services. The more facilities and proximity to amenities your rental has to offer guests, the higher your potential additional income will be. A great approach to increase your rate and persuade visitors to book your beachfront property is to acquire a property that makes their holiday an exciting yet convenient one. Your guests would find Eleven-Eleven's extensive range of facilities appealing. The resort's amenities include a rooftop club, a private pool, a bar, and green areas, all of which are well-prepared for entertainment and relaxation. Along with restaurants, retail stores, and walking routes, there will be sporting events, leisure activities, and beach fun at Eleven-Eleven.

 

It also won't do any harm to consider how you can continue improving the experience for your visitors. Eleven-Eleven will be a full-on beach resort, therefore if you invest in a property here, your property manager will take care of your guests' needs so you won't have to worry about minor things. Additionally, the hotel will offer all the personal luxury comforts your guests would want, like shampoo, appliances, games, etc at no extra expense to the guest.

 

By going above and beyond to make sure your guests are satisfied, they will always want to reserve your property whenever they have the opportunity for a vacation. It would be entertaining on your side if you gave each season its own theme. Your customers would see a fresh outlook on their different holiday times.

 

Guests undoubtedly have their own expectations when they arrive, but they also want to know that their money was well spent, just like any other traveller. Some visitors may just value the utmost in comfort and promptness, while others may crave the height of extravagance, while yet others may place a premium on personalization. All of which a vacation property in Eleven-Eleven would offer.

Low maintenance and upkeep costs

Eleven-eleven is a brand-new resort, which is one of the benefits of purchasing a beach house here. Most buyers are drawn to newly constructed houses because initial maintenance expenditures, such as painting and repairs, are low to non-existent. Everything within your house is spanking new, including fixtures, fittings, and all electrical connections, because it was constructed in accordance with the necessary requirements.

 

Furthermore, Eleven-Eleven will be managed like a beach resort, so you won't have to worry about maintenance and regular property care, particularly while you're not around. The hotel management business will cover everything, with a portion of the money coming from the gross nightly room charge.

 

Wealth accumulation and a stable income

When you pay off a mortgage on a property, some of the money you make goes toward your net worth. Your ability to acquire other homes will boost your wealth and aid in securing your passive income as your equity rises.

 

Due to your property's long-term appreciation in value, owning a beach house will give you income stability. The worth of your property will rise along with the value of the surrounding land and structures. You now have real estate leverage that you may utilise to fund the purchase of other properties. The ability to spread your assets among a number of rental properties is another long-term benefit you can take advantage of. If you wish to sell your property, you will make a profit from its appreciative value.

 

How can you maximize the earning potential for your beach home?

As a general rule, if your home has more bedrooms and bathrooms, you may charge more per night. In peak season or low season, your rental costs will vary based on set nightly rates for weeknights or weekends. As an extra bonus, the resort handles the marketing and consumer search, ensuring that your property receives the most exposure possible.

 

In order to maximize your return on investment and guarantee the highest tenant retention at all times, property upkeep is a crucial component. Again, the resort handles this which ensures you have peace of mind at all times. An attractive property is simpler to market to potential renters since it has more appeal.

 

The question remains, is buying a beach house a good investment? The answer to this question is yes, it is! Although necessary, this process takes a long time and is stressful. At Akka Kappa, we are completely aware of what it takes to maintain the condition of your asset. With the help of our property management service, you can profit from your investment without worrying about the hassles that go along with it. We assure exposure, dependability, and a distinctive turnkey solution that is highly regarded by our top clientele. With our combined knowledge of over 30 years, we produce greater results. Choose the real estate professionals for a properly maintained property, contact Akka Kappa today.

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