We are here to assist you in buying a home in Myrtle Beach. In doing so, we look forward to an opportunity to educate you on a few things about purchasing a home in the Myrtle Beach area. There are many factors to consider, and we understand that many of you are coming from another region of the United States or possible you are a foreign national searching for a 2nd home in the Myrtle Beach area. The most important aspects about purchasing a house in Myrtle Beach are taxes, insurance, home owner’s insurance, utilities and property management for the real estate investors out there.

Buying a home in another location can be a daunting task, and there are many advantages to buying a home in the Myrtle Beach. For one, you probably have a friend or family member that referred you to the Myrtle Beach area for real estate. That is very common in our area, as many move to the Myrtle Beach area from the Northeast or Midwest. We find that many people are already educated on the Myrtle Beach area, because they have been bringing their families here for many years on vacation. The Myrtle Beach area gets nearly 14 million tourists a year, which obviously turns into a home purchase at retirement age. We are starting to see this trend now with many baby boomers and even some Generation X second home purchases in the Myrtle Beach area.

From the year 2000 to 2010, the Myrtle Beach area has grown 30% in population, and we attribute that to taxes, climate and fun. The taxes in South Carolina for primary home owners are about 10-15% of that that primary homeowners in New York and New Jersey are used to. We hear the complaint of the Northern State tax torture all the time from people searching for a home in the Myrtle Beach area. On a $200,000 home in the Myrtle Beach area, you could expect to pay no more than $2000 a year for the home as a primary residence. Residence, over the age of 65, gains a tax incentive as well as those that are current residents of the Myrtle Beach area.

Insurance is a cost that one must consider when moving to the Myrtle Beach area and searching for a home. Insurance in the Myrtle Beach area may be more than you are used to in communities where you currently reside. While searching for a home in the Myrtle Beach area, location shall be considered when thinking of home owner’s insurance. Typically homes west of the Intracoastal Waterway in Myrtle Beach bring a lower cost for homeowner’s insurance than their counterparts on the Eastern side of the Intracoastal Waterway. We have noticed some substantial difference, and this may be something for you to consider in your search for a home in Myrtle Beach.

The gorgeous Myrtle Beach section of the Grand Strand stretches from south of Barefoot Resort in North Myrtle Beach all the way down to Wither’s Preserve, in the up and coming Market Common area. There are many homes located west of the Intracoastal Waterway also with Myrtle Beach addresses. The home owner’s insurance for real estate west of the Intracoastal Waterway, the taxes are also less in the county rather than Myrtle Beach city limits. For individuals interested in being close to the ocean, there are numerous residential communities for buyers to choose from along the Myrtle Beach coast. Many buyers decide to spend a little more money to live in a truly luxurious community like Pine Lakes or one of the Grande Dunes communities. Of course, the more expensive communities offer great locations and spectacular amenities, and also include homes that are oceanfront from 48th to 82nd Avenue North. The luxury homes offer some of the finest living in the Myrtle Beach area, and can also be used to generate extra income by renting to vacationers. On the other end of the spectrum, there are many inexpensive single family neighborhoods just a short drive to Myrtle Beach’s sandy shores. Some of the communities with more modest price tags include Biarwood, Oak Forest, and Bent Oak Estates, to name a few.

Search through our list of home communities in the Myrtle Beach area, and let us know the questions that you have about particular homes. Our phone number is 843-267-4627, and we look forward to assisting you in your next Myrtle Beach home purchase. Also, please visit our Myrtle Beach condo section for information on maintenance free living in the Myrtle Beach area.

Myrtle Beach Neighborhoods

 

North End of Myrtle Beach South End of Myrtle Beach West Myrtle Beach


301 Shuffleboard Court Myrtle Beach SC
MLS#: 1103180     Price: 499900
Baths: 4     Beds: 5
Ocean Front Guru Real Estate

3501 Cocker Court Myrtle Beach SC
MLS#: 1108103     Price: 299000
Baths: 3     Beds: 4
CottageUSA, LLC

Lot 14 3397 Pampas Drive Myrtle Beach SC
MLS#: 1111540     Price: 269900
Baths: 3     Beds: 3
Dock Street Realty Inc.

2150 BUXTON DRIVE Myrtle Beach SC
MLS#: 1114876     Price: 239900
Baths: 2     Beds: 4
Platinum Realty Group

1275 BRIGHTON AVE Myrtle Beach SC
MLS#: 1112290     Price: 149900
Baths: 2     Beds: 4
Century 21 The Harrelson Group