Tag Archives: Myrtle Beach Oceanfront Condos

Condo or Condotel – What is the Difference?

Condo

Condo

The word condotel is relatively new to the real estate vocabulary, but it is an important term for buyers to understand if they are interested in purchasing a condo in a resort location. High rise condos overlooking beautiful stretches of coastal shoreline have long been a favorite type of real estate for second homes, vacation getaways, real estate investments, and for those who are looking for a new type of well located, low maintenance, luxury home. The introduction of condotels has created a new dimension to the typical condo that will be explained in this article.

What is a Condotel?

To begin with, we need to understand what a condotel is and how it differs from a standard condo. Sometimes referred to as condo hotels or hotel-condos, this popular new type of real estate consists of high rise condos that are operated and managed as luxury hotels. This means that the condo units are individually owned, but branded together as a Westin, Ritz-Carlton, or other luxury hotel chain.

The typical luxury high rise condominium lacks this same luxury hotel branding and marketing, which sets a condotel apart from standard condos. The hotel works as the management company for the building, scheduling short term or long term stays around the times that you are occupying your condo. In addition, you get all of the luxuries of a world class hotel at home. Room service, gym and spa facilities, and a friendly staff to help answer your questions are just a few of the added perks that are missing from most traditional condo towers.

Advantages of a Condotel Over Condo Ownership

There are many reasons why condo hotels have become so popular over the last few years, especially when compared to a typical condo purchase.

Headache Free Investment Property or Second Home

When it comes to furnishing, maintaining, or renting out your hotel condominium, you are free from the decision making process. The hotel management company maintains the condo as they would any hotel room in one of their prestigious locations. This means that design and décor is kept similar from condo to condo, and the day to day running of the hotel takes the burden of making sure your property is well maintained out of your hands, while ensuring rental income when you are not using the property yourself.

Tax Advantages

Condo-hotel ownership that is not used as a primary residence can have an accelerated depreciation schedule that reduces the 39 year period to 27.5 years, 15, and even as little as 5 years. This accelerated depreciation means significant tax bill reductions in the years it is used. Your accountant will be able to explain how this can be helpful when applied to your specific financial situation and tax expectations.

Disadvantages of a Condotel

There are a few differences potential condotel owners need to know about before they decide to make their purchase. To begin with, many people prefer to add their own personal touches to their second homes and vacation properties. This isn’t possible with a condo hotel because the décor is mandated by the hotel to ensure that rooms are similar in look and amenities across the entire complex. In addition, those owners who would like to spend time in their condotel must make reservations weeks ahead of time for their own properties because the hotel service may book the room far in advance.

Now that you have a better understanding of what condotel means and how they differ from an average condo, you can make the decision as to what type of real estate will work best for you.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Exciting Things In Store For Myrtle Beach

Myrtle Beach Real Estate

Myrtle Beach Real Estate

Myrtle Beach is already a pretty exciting place. With fantastic beaches and some of the country’s most amazing condo developments, Myrtle Beach combines great living with perfect scenery and amenities. Well get ready for another addition to the Myrtle Beach picture that will add a musical note to the city. In the Spring of 2008 The Hard Rock Park is set to open in Myrtle Beach. This is planned to be the world’s first rock ‘n roll theme park and will cover more than 140 acres and is the first major U.S. attraction to be constructed in the last decade. This is directed at bringing even more of a tourist trade to South Carolina.

The new park plans on having more than 40 attractions to engage visitors with, including roller coasters and live music stages. Also featured will be children’s areas, cafe’s and stores. Needless to say that people in Myrtle Beach are excited about this development as it stands to give Myrtle Beach more of a destination drawing feature. The park is looking to incorporate six different areas that are each dedicated to a different aspect of rock music. These will include the entry plaza, rock ‘n Roll Heaven, British Invasion, Lost in the 70’s, Born in the U.S.A. and Cool Country. These areas will cover the many different types and styles of music that has helped to define us as a culture.

This theme park is going to bode well for real estate in Myrtle Beach. With a major attraction now in close proximity it is taking up the same kind of reputation as areas like Orlando with the bonus that it lies right on the beach. There are going to be some really interesting things going on in Myrtle Beach in the coming year, it will be interesting to see what effect the theme park has on the town and on popularity of housing and condos. If history is any indication it will cause a boom in the Myrtle Beach housing industry. There truly are some exciting times ahead for Myrtle Beach, get in on things now while it is still possible! Before long this may be a difficult area to get into.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Myrtle Beach Cabana District

Myrtle Beach Cabana District

Myrtle Beach Cabana District

Imagine an exclusive beachfront home, only steps from the water for under $80,000! That’s what you’ll find in the cabana district in Myrtle Beach. About a dozen of these 200 square foot beach structures line the shore in this Ocean Boulevard area.

The cabanas have questionable origins; some believe they originally belonged to beach homes across the street that have since been destroyed and replaced with condos. Others say the structures belonged to the Ocean Forest Hotel that stood from 1930 to 1974, and later offered for sale after the hotel was torn down.

In any event these small buildings are among the hottest pieces of real estate in town; only two have come on the market in the last seven years. Generally local realtors maintain lists of prospective buyers, and if a unit or lot becomes available it usually sells within 30 minutes.

Myrtle Beach native, Steve Bailey, purchased his cabana lot after a five minute phone call with his real estate agent. Apparently the building codes were extremely restrictive, requiring numerous permits, installation of a septic system, and underground utility lines. He can’t have a driveway, park on his property, step on the dunes, touch the sea oats or move any of the sand on the lot. Bailey claimed that building the cabana had more restrictions than building a house, but it was worth the effort.

Most residents don’t bother with insurance, as the costs are so high, it’s cheaper to rebuild. However, don’t be fooled, these beach huts may be small, but they’re mighty. One in particular, owned by Kevin Warren and Dean Carroll, is estimated at over 20 years of age. Its solid structure has survived annual hurricanes for years.

Rod Scarborough, a retired bank executive, spent five years trying to obtain his $78,000 piece of the beach located from a 40-foot setback to the high tide mark. His beach home is in use frequently, with an open door policy extended to his friends and family.

These cherished little beach huts have provided an exclusive getaway that only a fortunate few have been able to acquire. Hopefully they will remain for years to come, handed down as heirlooms from generation to generation.

This article was submitted for Preston Guyton, professional Realtor in the Myrtle Beach real estate market. He can provide information and listings for all the neighboring areas including Garden City real estate

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Finding The Right Home – Myrtle Beach

Myrtle Beach Real Estate

Myrtle Beach Real Estate

I know what you are going to say, “In Myrtle Beach all the home are right!” While it is true that this area is like a home showcase a buyer will still have to make a choice of the home they they are to purchase. People that come to Myrtle Beach are immediately struck by the scenery, beaches and stunning homes. In fact there are some of the country’s most amazing and valuable homes located in Myrtle Beach and if you have pockets deep enough then you could find an amazing estate with a price tag between $4 and $6 million with little trouble at all. Of course there are many more reasonably priced options that will appeal to the rest of us who are not jet-setters or royalty.

While the Myrtle Beach area is definitely known for it’s luxury homes, it is also known across the country for the high quality of all homes and the relaxing and laid back lifestyle that seems to be woven into the very fabric of society here. With miles of scenic beach and even more brilliant green golf courses threading their way amongst the community it is hard to imagine a more serene location. Myrtle Beach has also become extremely well known for the proliferation of stunning beach-front condo developments that feature elite amenities and views that are so impressive that it is nearly impossible to describe them in words.

Myrtle Beach is one of those special places that needs to be seen to be believed. This is especially true of some of the homes that populate this area. Truly some of the homes are mind-blowing in both size and luxury. Aside from the homes, there is simply so many different things to do in the Myrtle Beach area that one may have trouble deciding what to do first. Whether your tastes lean more towards a round of golf at one of the local top-rated golf courses, swimming, surfing, fishing or just taking a relaxing stroll along the famous beach; there will never be a shortage of interesting things for one to do here. Dream homes are a few steps closer in Myrtle Beach than one may think, Many of the homes feature easy beach access and great social programs. Myrtle Beach really does offer the whole package to potential buyers and investors alike.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Revitalizing the Myrtle Beach Area

Home in Myrtle Beach

Buying Home in Myrtle Beach

For many years Myrtle Beach has been one of the premier tourist locations along the eastern seaboard. A stunning city set against a beautiful beach. this area has attracted millions and inspired even more. However, as residents know, the downtown area of Myrtle Beach has had difficulty keeping pace with the increased tourist trade and the needs and demands of that vital industry. With the focus firmly placed outside of the city proper, the need has arisen to revitalize Myrtle Beach’s downtown area and the city has risen to the occasion!

The plan to improve the historic and charming city is founded upon a few notable areas and defined values that have made this city one of the most popular areas in the Eastern U.S. At the center of the revitalization plan is the Grand Strand. Myrtle Beach sits in the nexus of this noted string of beaches and is one of the major attraction points in the area. The city has defined 5 different districts each with a set of development and improvement goals. The Entry District, The North Entertainment District, The Central Amusement District, The South Mixed-Use District, and The Beach District.

Each of these 5 areas will be woven into the fabric that is the new Myrtle Beach. What does this mean for the real estate industry? Opportunity! This development call for a variety of housing options to be constructed and that translated into excellent real estate investment and purchase opportunities. There are exciting things happening in the near future in Myrtle Beach and with the existing culture and scenery it is essentially going to make an already amazing package even more irresistible. This also means a dramatic increase in services and amenities for current residents Along with residential development there will also be an infusion of new commerce and business designed to keep pace with the surging popularity of Myrtle Beach and to provide top-notch and exciting services on a year round basis. Keep looking to Myrtle Beach for exciting developments as this area is renowned for amazing waterfront properties and condos, and there are more going up all the time.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Buying A Second Home in Myrtle Beach

Home in Myrtle Beach

Buying Home in Myrtle Beach

In an age where investment is possibly the most secure investment available, the process of trying to identify the perfect area in which to invest has become more and more important. There are certain areas in this country that have become synonymous with real estate fortunes, Florida, California, Las Vegas to name a few. But as these markets become more and more saturated, smart investors are looking to other areas as they have seen the focus switching away from these overloaded markets.

As the focus has moved away from these markets there are a few different areas that have started to emerge as areas of potential growth. One such area is Myrtle Beach. Myrtle Beach is an extremely popular resort destination and along with such a designation comes the opportunity for real estate investment. Like many other destination areas, Myrtle Beach has a booming vacation rentals industry that is only showing signs of growth in past years. This has presented a great chance for real estate investors to get in on the ground floor of this booming area.

If vacation rentals are not to your liking and you prefer the stability of long-term renters then you need not worry as Myrtle Beach is also a great place to live and work. The solid industrial core and diverse economy have created a environment of economic growth and prosperity that bodes well for the future of this area. There is also a great system of education here that includes both public and private schooling and a variety of post-educational options including Webster University.

The future is looking bright for Myrtle Beach. With a thriving vacation industry and the emergence of a strong business sector, this area will continue to see growth for many years to come. This is a great time to invest in Myrtle Beach as getting in on real estate in this area will show a great ROI no matter what vein of real estate you choose to place your money in.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Add Glitz to Your Holiday Staging

Staging a home for sale during the holidays has its challenges. You want to create an atmosphere that say’s “Christmas”, but not to

Holiday Staging

Holiday Staging

distract potential buyers from the actual house. Take a look around your home this season, have you decorated with the same garland, red bows and cute little snowmen statues that you use every year? Tradition is a wonderful practice, but maybe it’s time to shake things up a bit. The holiday is full of glitz and sparkle, and maybe it’s time to make your home stand out by adding some to your decor.

Before you begin stocking up on Christmas sparkles, remember the decorations you add should enhance your current decor, and not try to overpower it. If your walls are a more neutral color, splashes of gold, silver or shiny blues and reds can make the room come alive.

Taupe colored walls with dark trim can be jazzed up with accents of royal purple and copper.

Try to use different mediums to add glamour to your decor; this year feathers are all the rage. Try weaving an old boa around your traditional green garland or use colorful strands of feathers around the bases of candles. Add sizzle to a bouquet of poinsettias by adding silver or gold feathers to the arrangement.

Is it painful to toss those old ornaments? Not to worry, they can be recycled. Make patterns out of white glue on your old Christmas balls and cover with sparkling glitter.

Take some interesting shaped fruits and vegetables such as pineapples or artichokes and spray paint them with metallic gold or silver paint and arrange on an interesting platter.

Don’t forget when setting a holiday table to dust the tablecloth with glittery sprinkles and use metallic colored candles and napkin rings.

Many people limit their holiday decorating to the living room/dining room area, but this is a missed opportunity. Pepper your house with glamorous seasonal touches throughout. Get some ultra chic hand towels for the powder rooms and add some flowers to the bedroom.

Adding holiday glamour to your decor will make your home stand out amongst the others, and most importantly, to those potential buyers.

Let South Carolina Realtor Preston Guyton, help you with your search for Myrtle Beach real estate. He can provide helpful background information on the local communities including Litchfield real estate.

Article Source: http://EzineArticles.com/?expert=Preston_Guyton

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