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Looking To Investing In Lowcountry
If you are planning to invest on the Lowcountry area, we can help you every step of the way and make the process as smooth as possible.
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Investment Property Experts in Lowcountry
As part of the Lowcountry community, we at Snook & Associates also work with an extensive network of vendors and contractors that offer home repairs, furnishing, painting, plumbing, electrical work, landscaping, and so much more. Our network is created with you in mind, so you can guarantee that anyone we work with, we trust to do the best job for you.
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Investing in the Lowcountry
Navigating through the regulations of rental properties can be difficult. That's why we're here to help by providing resources and sharing our knowledge of local laws and regulations when it comes to making sure that your property investment meets your needs.
There is a heavy demand for long term rentals in the area as well as short term rentals. Some of the benefits of longer term rentals is that you'll have more opportunity to make money, with most short term rentals making the majority of their money during only the summer months.
Median Sale Price - $515,000
Median Income (per Household) - $72,071
70% of rented homes have an average rent of over $2,000
Percentage of Population that own their home - 55%
Percentage of Population that rents their home - 45%
Short term rentals are a popular option for investors in the Charleston area. While most of the areas have some extensive regulations, there are a few central locations around Charleston that have no restrictions when it comes to short term rentals.
Our team is well-equipped to help you find a property in the areas that best suit your needs.
There is a high occupancy rate in short term rentals during the tourist season especially, but since Charleston has year-round attraction to guests, finding renters is little to no issue.
With proper management, investors can expect to see between 7-10% ROI with short term rentals in the area. There are also plenty of reputable property management companies that are well-equipped to help manage your investments for you. They do have moderate costs, but are well worth the additional peace of mind.
Charleston has a high percentage of residents that rent for a variety of reasons. With the many large companies that have chosen Charleston to call home, like Boeing, Blackbaud, and Volvo just to name a few, there is always a steady flow of renters coming into the area.
Finding responsible and qualified renters is easy. With many large hospitals and colleges in the area as well, there are always students, traveling nurses, and more types of renters looking for lodging.
The 30+ day rental market in Charleston is strong and steady, and long term rentals will continue to stay in high demand.
Long Term Investors
Charleston has a strong long-term rental market. With so many hospitals and large businesses in the area (like Boeing), the demand for 30+ day rentals is incredibly high. This means that securing a qualified tenant should be an easy process. The regulations on long term rentals varies by area. If you were thinking of finding a long term rental investment property, we're happy to help you find the area that best fits your needs.
Short Term Investors
With Charleston itself being a popular tourist destination, and with multiple beaches scattered along the coast, it's no wonder that the popularity for short term rentals has increased in recent years. There are regulations regarding short term rentals in nearly every area. We're here to help you navigate through those regulations to find a property that fits your needs and allows you to see a nice Return on Investment (ROI).
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