Downsizing Isn’t the Only Next Move: How Baby Boomers Are Redefining Retirement Housing

For generations, the traditional retirement plan seemed fairly predictable: once the children moved out, homeowners would sell the family house, purchase something smaller and use the difference to help fund retirement.

That script is beginning to change.

Some baby boomers are not downsizing at all. Instead, they are purchasing larger homes, expanding their current properties and creating spaces designed for visiting family, entertaining and aging comfortably in place.

A recent Wall Street Journal report found that affluent older buyers are increasingly prioritizing lifestyle and long-term usefulness over square footage reduction. About 7% of buyers ages 61 to 70 now identify the desire for more space as the primary reason for purchasing their new home, up from 4% in 2016.

Retirement Housing Is Becoming More Personal

The assumption that every empty nester wants a smaller home has always been a little too convenient.

Some homeowners genuinely want fewer rooms, less maintenance and lower expenses. For others, however, retirement creates an opportunity to finally purchase the home they have always wanted.

That may include:

• A larger kitchen for family gatherings

• Extra bedrooms for children and grandchildren

• A first-floor primary suite

• A dedicated home office or hobby room

• Better indoor and outdoor entertaining areas

• An elevator or other accessibility features

• A guest suite or separate living quarters

• More storage rather than less

The goal is not necessarily to own a bigger house simply for the sake of having more square footage. It is to own a home that better supports the next chapter of life.

Family Is Driving Many Housing Decisions

Many retirees are thinking less about an “empty nest” and more about creating a home where family will want to gather.

Adult children may work remotely and stay for longer visits. Grandchildren may spend holidays, summers or weekends with their grandparents. Some homeowners are also planning for an aging parent or another relative who may eventually need a place to live.

The Wall Street Journal describes older homeowners investing in guesthouses, spacious kitchens, playrooms and separate areas for visiting family members. These homes are being designed not only around the owners’ daily routines, but also around the people they hope to welcome.

That idea can be especially relevant here on the Grand Strand.

A coastal home often becomes a natural gathering place. Children, grandchildren and friends are usually more eager to visit when the beach, golf, boating, restaurants and entertainment are nearby. For some buyers, having enough space for those visits is an important part of the decision—not an unnecessary luxury.

Aging in Place Does Not Always Mean Staying Put

“Aging in place” is commonly interpreted as remaining in the same house indefinitely. In practice, it can also mean moving proactively into a different home that will work better over time.

A buyer may choose a larger home because it offers:

• A first-floor bedroom and full bathroom

• Wider hallways and easier circulation

• Fewer stairs in the primary living areas

• Space for a future residential elevator

• A walk-in shower rather than a tub-shower combination

• Room for a caregiver or family member

• Better access to healthcare and everyday services

The right home may have more square footage than the one being sold while still being more manageable and accessible.

This is why buyers should evaluate layout and functionality—not just the number of bedrooms or total heated square footage.

Why Downsizing Is Not Always Less Expensive

Selling a longtime home and moving into something smaller may sound like an obvious financial win, but the math does not always cooperate.

Smaller, updated homes in desirable areas can be surprisingly expensive. A homeowner may also face transaction costs, moving expenses, renovations and potentially significant taxes associated with selling a property that has appreciated over many years.

Some older owners are also reluctant to exchange a paid-off home or a mortgage with a very low interest rate for a more expensive replacement property.

The Wall Street Journal notes that limited inventory and the relatively high cost of appealing smaller homes are among the reasons some boomers are reconsidering the conventional downsizing strategy.

The appropriate decision therefore depends on the homeowner’s complete financial and lifestyle picture—not a general rule that smaller automatically means cheaper.

Homeowners considering a major move should consult their tax, legal and financial advisers about the implications specific to their circumstances.

What This Means for Grand Strand Buyers

The Grand Strand offers a wide range of housing choices for people planning their next chapter, including:

• Oceanfront and ocean-view condominiums

• Single-level homes

• Low-maintenance communities

• Golf-course properties

• Homes with elevators

• Large coastal homes designed for extended families

• Properties with pools and outdoor entertaining areas

• Primary residences located near healthcare and daily conveniences

• Vacation homes that may eventually become full-time residences

The right fit depends on how the buyer expects to use the property.

Someone who travels frequently may place a premium on low-maintenance condominium ownership. Another buyer may prefer a larger detached home where children and grandchildren can visit. Others may want a property that can serve as a vacation home today and a primary residence later.

There is no universal retirement home.

Questions to Ask Before Making a Move

Before deciding to downsize, upsize or remain in place, it helps to consider a few practical questions:

How will you actually use the home?

Think beyond your typical weekday. Will children and grandchildren visit frequently? Do you host holidays? Do you need office, hobby or storage space?

Could the layout work as you age?

A large home with a first-floor primary suite may be easier to navigate than a smaller property with multiple staircases.

What will the property cost to own?

Consider insurance, HOA dues, taxes, utilities, maintenance and potential special assessments—not just the purchase price.

Is the location convenient?

Access to healthcare, groceries, restaurants, recreation, airports and family may become increasingly important over time.

Are you solving the right problem?

Some homeowners do not need a smaller home. They need a better floor plan, less exterior maintenance or a more convenient location.

Sellers Should Avoid Assumptions Too

This trend also has implications for homeowners preparing to sell.

A large home should not automatically be marketed only to young families. Depending on its features, it may also appeal to older buyers who want guest space, multigenerational flexibility and room to entertain.

Features that may resonate with these buyers include:

• First-floor primary suites

• Residential elevators

• Accessible bathrooms

• Multiple gathering spaces

• Guest bedrooms with private baths

• Low-maintenance exterior materials

• Outdoor kitchens, pools and covered porches

• Proximity to healthcare and everyday services

Marketing should explain how the home supports the buyer’s lifestyle rather than relying entirely on traditional demographic assumptions.

The Best Move Is the One That Fits Your Life

Retirement does not come with a required floor plan.

For some homeowners, downsizing provides greater freedom, lower expenses and less maintenance. For others, purchasing more space allows them to host family, enjoy hobbies and create a home that will serve them for many years.

The important question is not whether the next home is larger or smaller.

It is whether the home works better.

Before making that decision, carefully evaluate the property’s layout, ownership costs, maintenance needs, accessibility and location. A thoughtful comparison of those factors can reveal whether downsizing, upsizing or staying where you are is truly the best next move.

Whether you are considering a primary residence, coastal retreat or future retirement home along the Grand Strand, I would be glad to help you evaluate the available options and make an informed decision.

Dan Sine, Realtor
Dunes Realty Sales
(843) 455-6319
DanSineRealtor.com

Source: “Boomers Were Supposed to Downsize. They Are Buying Bigger Homes Instead,” The Wall Street Journal

New Lights, Fresh Bites and Expanded Flights: What’s New on the Grand Strand for Summer 2026

The Grand Strand has always been known for its beaches, golf, restaurants and family attractions. This summer, a new wave of public and private investment is adding even more ways for residents and visitors to enjoy the Myrtle Beach area.

From improvements along Ocean Boulevard to new restaurants and expanded nonstop air service, these developments represent more than additions to the tourism landscape. They also create jobs, improve public spaces and add amenities that contribute to everyday life across Horry and Georgetown counties.

Ocean Boulevard Gets a Brighter Look

Downtown Myrtle Beach continues to evolve as part of a broader effort to create a more welcoming, walkable and connected oceanfront district.

New bistro-style lighting has been installed along a seven-block section of Ocean Boulevard. The decorative lighting complements the area’s restaurants, attractions and public spaces while creating a more inviting atmosphere for evening walks downtown.

Although the improvement is well suited to the summer season, its value extends throughout the year. Better public spaces provide residents with more places to gather and help downtown Myrtle Beach feel like a community destination—not just a place reserved for vacationers.

New Restaurants and Entertainment Concepts Arrive

The Grand Strand’s dining scene continues to grow, with new concepts opening from Little River to Murrells Inlet.

Among the notable additions is Downtown Flavortown, a large family-oriented dining and entertainment attraction from Food Network personality Guy Fieri. Broadway at the Beach has also welcomed Ole Smoky Distillery and Yee-Haw Brewing Co., featuring Southern-inspired food, craft beverages, live entertainment and waterfront gathering space.

Other new dining options include:

• UPTWN Prime, an upscale steakhouse on the north end of Myrtle Beach
• Inlet Shipwreck Bar & Grill, a pirate-themed waterfront restaurant in Murrells Inlet
• Shark Bar at Makos on the Water, overlooking the Intracoastal Waterway in Little River
• South Coast Beer Project, a restaurant and brewery in Carolina Forest
• Ellie’s Snack Shack at Ellie Beach Resort Myrtle Beach
• Whitecaps Sweets & Treats, Flipside Pizza and Tiki Tides Pool Bar at Hampton Inn & Suites Myrtle Beach Oceanfront

These businesses provide more than new places to eat. They create employment opportunities, encourage private investment and give residents additional places to meet friends, entertain visiting family and enjoy the region outside of the traditional beach experience.

Myrtle Beach International Airport Adds More Nonstop Service

Myrtle Beach International Airport continues to improve regional connectivity following its terminal renovation and six-gate expansion.

Expanded nonstop service includes connections to Houston; Orlando; Pittsburgh; Portland, Maine; Atlantic City, New Jersey; Manchester, New Hampshire; Altoona, Pennsylvania; and the West Virginia communities of Beckley and Parkersburg.

More flights make it easier for vacationers to reach the Grand Strand, but they also offer meaningful benefits to people who live here. Residents have more convenient options for vacations, business travel and visiting family without first driving to Charleston, Charlotte or another larger regional airport.

For current and prospective homeowners, accessibility matters. Buyers relocating from outside the area often consider how easily they can return to family, reach a second home or travel for work. Expanded air service strengthens Myrtle Beach’s position as both a vacation destination and a place to establish a full-time or seasonal residence.

Tourism Investments Also Benefit Local Residents

Tourism remains one of the Grand Strand’s most important economic drivers. According to Tourism Works for the Grand Strand, visitor spending supports local businesses, helps sustain more than 82,000 jobs and generates tax revenue used for infrastructure, public safety, parks and other community priorities.

That does not mean every tourism-related project has the same impact, but the broader connection is important. A healthy visitor economy can support amenities and services that residents use throughout the year.

The same restaurant that attracts vacationers in July may become a local gathering place in January. Improvements made to an entertainment district can create a safer and more enjoyable public space for nearby residents. Additional flights designed partly around tourism demand can make everyday travel easier for people across the region.

What Continued Investment Means for Grand Strand Real Estate

New restaurants, improved public spaces and better transportation connections can all contribute to a region’s overall appeal. They give prospective residents more reasons to consider the area and help existing homeowners enjoy a broader range of amenities.

However, regional growth does not affect every property or community equally. Real estate decisions should still be evaluated at the property level, with attention to:

• Location and surrounding development
• Traffic and infrastructure
• Flood zones and insurance expenses
• HOA finances and potential assessments
• Short-term rental regulations
• Property condition and maintenance history
• Current inventory and comparable sales

The latest Grand Strand investments are encouraging, but buyers and sellers should avoid assuming that every new attraction automatically increases a property’s value. The real opportunity comes from understanding how regional trends intersect with the specific community, building or neighborhood being considered.

A Growing Coastal Community

The Grand Strand continues to develop into something broader than a seasonal beach destination. It is a collection of communities where people vacation, work, invest, raise families and retire.

The new Ocean Boulevard lighting, expanding dining scene and additional nonstop flights are all signs of continued confidence in the region. More importantly, they demonstrate how investment connected to the visitor economy can also improve the place local residents call home.

Whether you are considering a primary residence, vacation property, investment property or the sale of a Grand Strand home, informed local guidance can help you understand both the opportunities and the potential risks.

Dan Sine, Realtor
Dunes Realty Sales
(843) 455-6319
dansinerealtor.com

Source: New Lights, Fresh Bites & Expanded Flights: Recent Investments Benefit the Grand Strand, Tourism Works for the Grand Strand.

Myrtle Beach Named No. 5 Best Small City in America for 2026

Myrtle Beach has earned another impressive national distinction—one that reflects what residents, visitors and property owners have appreciated about the Grand Strand for years.

The 2026 America’s Best Cities Report from Resonance Consultancy ranked Myrtle Beach the No. 5 Best Small City in America. The Myrtle Beach metropolitan area also placed No. 55 overall among the 393 metropolitan areas evaluated nationwide.

A City People Don’t Just Visit—They Love

Myrtle Beach earned especially strong marks in two important categories:

• No. 2 for Lovability
• No. 7 for Livability

Lovability considers the experiences that make people excited to visit, share and return to a community, including restaurants, entertainment, nightlife, attractions, outdoor recreation and overall visitor appeal.

Livability looks more closely at everyday quality-of-life factors such as climate, access to green space, housing affordability, healthcare and broadband connectivity.

Those rankings help explain why Myrtle Beach continues to appeal to such a broad range of people. Some first discover the area during a family vacation. Others return to purchase a second home, invest in a vacation-rental property, relocate permanently or enjoy retirement near the coast.

More Than a Vacation Destination

The beach may bring people here, but the overall lifestyle often convinces them to stay.

The Myrtle Beach area offers approximately 60 miles of coastline, along with golf, boating, fishing, dining, live entertainment and communities that range from lively resort districts to quieter residential neighborhoods. Buyers can explore everything from oceanfront condominiums and vacation homes to established neighborhoods, new construction and primary residences away from the beachfront.

The national ranking also recognized Myrtle Beach as a community that has consistently invested in creating a strong sense of place for residents and visitors. The report placed it alongside other highly regarded small cities, including Savannah, Boulder, Asheville and Ann Arbor.

Growth Brings Opportunity—and Important Decisions

Horry County continues to attract new residents, contributing to long-term economic activity and demand throughout the region. Separate research connected to the Collaborate2031 planning initiative identified the county as a leading growth and domestic-migration market among the peer communities studied.

That growth creates opportunities, but it also makes local knowledge increasingly important.

The Myrtle Beach real estate market is not one uniform market. Conditions can vary considerably between Myrtle Beach, Surfside Beach, Garden City Beach and Murrells Inlet—and even between individual communities or condominium buildings.

Property values and ownership costs may be affected by factors such as:

• Location and proximity to the ocean
• Flood zones and insurance requirements
• HOA finances and special assessments
• Short-term rental rules
• Building condition and maintenance history
• Rental performance and management agreements
• Current inventory and buyer demand

A national ranking is encouraging, but a successful real estate decision still depends on understanding the specific property, community and intended use.

What This Recognition Means for Local Real Estate

Awards do not guarantee that property values will rise or that every purchase will make financial sense. They do, however, reinforce the qualities that continue to attract residents, vacationers and investors to the Grand Strand.

For sellers, the ranking provides another positive way to present the Myrtle Beach lifestyle to prospective buyers.

For buyers, it confirms that they are considering a region recognized nationally for both its appeal and quality of life—but careful property-level research remains essential.

For current homeowners, it is another reminder that the Grand Strand is more than a seasonal destination. It is a growing coastal community where people increasingly want to live, work, invest and spend time with family.

Thinking About Buying or Selling in the Myrtle Beach Area?

Whether you are considering a primary residence, second home, vacation-rental property or the sale of an existing property, I would be glad to help you evaluate the market and make a well-informed decision.

Dan Sine, Realtor
Dunes Realty Sales
(843) 455-6319
DanSineRealtor.com

Read the original Greater Myrtle Beach Collaborative announcement

Myrtle Beach Mortgage Rates Improve: Should Buyers Act or Wait?

By Dan Sine, Realtor® | Dunes Realty Sales

Mortgage rates improved last week, giving homebuyers a little more purchasing power. But with inflation, energy prices and global events continuing to influence the market, rates could remain unpredictable.

That raises the question I hear from many buyers:

Should I buy now or wait for mortgage rates to fall further?

There is no single answer for every buyer. In my experience, however, buyers are usually better served by finding the right property and negotiating the best overall terms than trying to predict the exact bottom of the mortgage market.

Why mortgage rates improved

Recent inflation reports came in better than economists expected. That helped ease concerns that inflation was accelerating and allowed mortgage rates to move toward the lower end of their recent range.

As of July 20, 2026, one local lender’s rate sheet showed sample 30-year fixed mortgage options generally in the low-to-mid 6% range, depending on the loan program, credit profile, down payment, discount points and intended use of the property.

That was encouraging news for buyers, but mortgage rates can change quickly.

Why rates could remain volatile

The economic calendar is relatively quiet this week, meaning mortgage markets may react more strongly to international events.

Renewed tensions affecting shipping through the Red Sea have already contributed to higher oil prices. Rising fuel and transportation costs can increase inflation concerns, which may place upward pressure on Treasury yields and mortgage rates.

In other words, the rate available today may not be the rate available several weeks—or even several days—from now.

What does a small rate change really mean?

On a $400,000, 30-year loan, a quarter-point change in the interest rate can affect the principal-and-interest payment by approximately $65 per month.

That difference matters, but it should be considered alongside the other parts of the transaction:

• The negotiated purchase price
• Seller-paid closing costs
• Discount points or a possible rate buydown
• Property taxes
• Homeowners, wind and flood insurance
• HOA fees and assessments
• Expected repairs and maintenance

A lower purchase price is not always the only—or best—way to improve affordability. Depending on the property and the seller’s motivation, a closing-cost credit or temporary rate buydown could provide more immediate value to a buyer than a modest price reduction.

Grand Strand buyers need to consider more than the interest rate

Along the Myrtle Beach area, the monthly mortgage payment is only one part of the true cost of ownership.

Before making an offer, buyers should understand:

• Whether the property is in a flood zone
• The cost and deductibles associated with wind and hail coverage
• Current HOA dues and pending special assessments
• Whether the condominium or community qualifies for the intended financing
• Short-term rental rules and restrictions
• The difference between primary-residence, second-home and investment-property financing
• The property’s likely maintenance and ownership costs

These issues can be especially important when purchasing an oceanfront condominium, vacation home or rental property in Surfside Beach, Garden City Beach or Murrells Inlet.

Should buyers wait?

Waiting may make sense when a buyer is not financially prepared, needs to improve credit or does not yet have adequate savings.

Waiting solely because rates might fall is harder to justify.

Rates could improve, but home prices, inventory and seller negotiating positions may also change. A buyer who finds the right property today may be able to negotiate favorable terms and refinance later if rates decline enough to make refinancing worthwhile.

The better question is not simply, “Where will rates go?”

It is:

Does this property, at these terms and this total monthly cost, make sense for me?

Get the full picture before making an offer

Before ruling a home in or out based on its asking price or an advertised mortgage rate, let’s estimate the complete cost of ownership.

I can help you review recent comparable sales, HOA information, insurance considerations, rental restrictions and opportunities to negotiate seller concessions—so you can make a decision based on the full picture.

Whether you are considering a primary residence, second home or investment property in Surfside Beach, Garden City Beach, Murrells Inlet or the surrounding Myrtle Beach area, I would be glad to help.

Dan Sine, Realtor®
Dunes Realty Sales
(843) 455-6319
dan@dansinerealtor.com
dansinerealtor.com

Mortgage information is provided for general educational purposes and does not constitute a loan offer, financial advice or a guarantee of available terms. Rates, APRs, points, payments and qualification requirements vary by borrower, lender, property and loan program and may change without notice. The payment example includes principal and interest only and does not include taxes, insurance, HOA fees or other ownership costs.

Seller Handoff Checklist: What to Leave for Your Home’s New Owners

Closing day may mark the end of your ownership, but there are still a few important details to handle before handing over the keys.

A thoughtful seller handoff can help the buyers understand how the home operates, locate important equipment, and take over services without unnecessary confusion. It can also reduce the number of questions you receive after closing.

The National Association of REALTORS® recommends organizing information about the home’s systems, warranties, access devices, utilities, maintenance providers, and community before the buyers take possession.

Here is a practical checklist to help make the transition easier.

Gather manuals, warranties and property documents

Collect the manuals and warranty information for major appliances and systems, including:

• Heating and air-conditioning equipment
• Water heaters
• Kitchen appliances
• Pool or spa equipment
• Irrigation systems
• Smart-home devices
• Security systems

Identify any warranties that remain in effect and note whether they may be transferred to the buyer.

For a condominium, townhome or HOA property, it can also be helpful to leave current association contact information, upcoming meeting information and details about memberships or amenities that transfer with the property.

Organize keys, remotes and access codes

Gather every item the buyer will need to access and operate the property:

• Exterior-door keys
• Mailbox keys
• Storage-room keys
• Garage-door remotes
• Gate or amenity-access devices
• Keypad codes
• Alarm instructions
• Smart-lock reset instructions

Remove smart cameras, doorbells and other connected devices from your personal accounts so the buyers can complete their own setup. Buyers should also change door locks and personal access codes after taking possession.

Explain the home’s important systems

Some features may be obvious to you after years in the home but unfamiliar to a new owner.

Consider identifying:

• The main water shutoff
• Secondary plumbing shutoffs
• The electrical panel
• The gas meter
• Security-system controls
• Less-obvious switches and dimmers
• Attic, ceiling or whole-house fan controls
• Internet equipment and router setup
• Custom audio, lighting or automation systems

Simple labels or a brief written guide can save the buyer considerable time.

Leave paint colors and maintenance information

Create a room-by-room list of paint colors, brands and finishes. Also share maintenance records and service information for items such as the HVAC system, pool, irrigation system, pest control and landscaping.

Helpful details may include:

• Installation dates
• Recent repairs
• Filter sizes
• Recommended service intervals
• Names and contact information for trusted contractors
• Instructions for seasonal maintenance

These records help the buyer care for the home and provide a useful history of major systems.

Provide utility and service contacts

Compile contact information for the property’s regular services, including:

• Electricity
• Water and sewer
• Natural gas or propane
• Internet and cable
• Trash and recycling
• Landscaping
• Pool service
• Pest control
• Housekeeping or other recurring services

Be sure to cancel or transfer services according to the closing instructions. Sellers should not assume the buyer automatically knows which companies serve the property—especially in unincorporated areas or communities with private providers.

Ask before leaving extra materials

The new owners may appreciate leftover materials that match the home, such as:

• Labeled cans of touch-up paint
• Extra flooring or tile
• Carpet remnants
• Roof shingles
• Specialty lightbulbs
• HVAC filters
• Refrigerator-water filters
• Hardscaping materials

Ask before leaving these items. Something useful to one buyer may simply feel like unwanted clutter to another.

Share helpful neighborhood information

A seller handoff does not have to be limited to the house itself. You may also want to share practical information about:

• Trash and recycling days
• HOA contacts and amenities
• Nearby parks and walking trails
• Local service providers
• Favorite restaurants and coffee shops
• Seasonal community events

For a second home or vacation property, information about rental management, beach access, storm preparation, seasonal maintenance and local vendors may be especially valuable.

Complete the final move-out details

Before turning over possession:

• Remove all personal belongings and trash
• Complete any contractually required repairs
• Leave the property in the condition required by the sales contract
• Arrange final cleaning
• Forward your mail
• Confirm that all agreed keys, remotes and documents remain at the property
• Follow the closing attorney’s and real estate agents’ instructions regarding possession

A short welcome note is optional, but it can be a gracious way to close the chapter and welcome the buyers to their new home.

A smoother closing starts before closing day

The best seller handoffs are organized before the final rush of moving. Start gathering manuals, keys, records and service information as soon as the property goes under contract.

Every sale is different, and the contract controls what must remain with the home and when possession transfers. Your real estate agent and closing attorney can help you understand the requirements specific to your transaction.

You can also review the National Association of REALTORS®’ complete Consumer Guide: Seller Handoff Checklist.

Considering selling a home or coastal property in Surfside Beach, Garden City Beach, Murrells Inlet or the surrounding Myrtle Beach area? I can help you prepare the property, anticipate closing requirements and manage the details from listing through the final handoff.

Dan Sine, REALTOR®
Dunes Realty Sales
(843) 455-6319
dansinerealtor.com

Thinking About a Second Home at the Beach? 6 Things to Consider Before You Buy

Owning a second home near the beach can provide years of vacations, family memories and, depending on the property, potential rental income. But a successful purchase involves more than choosing the right view or staying within a purchase budget.

Second homes often sit vacant for extended periods, creating maintenance, security and insurance considerations that may not be as significant with a primary residence. The National Association of REALTORS® recently identified six important factors buyers should evaluate before purchasing a vacation home. For buyers considering Surfside Beach, Garden City Beach, Murrells Inlet or another Grand Strand community, these questions are especially important.

1. Understand the Local Weather

Coastal weather is part of the appeal of owning a beach home—but it also affects how the property should be built, insured and maintained.

Buyers should evaluate the home’s location, flood zone, elevation, drainage, roof condition, exterior materials and storm-protection features. It is also important to have a plan for securing outdoor furniture, monitoring the property and checking for damage following severe weather.

A beautiful day at the beach should not distract from understanding how the property will perform when the weather is less cooperative.

2. Budget for Ongoing Maintenance

The purchase price is only one part of the cost of owning a second home.

Heating and cooling systems, water heaters, roofs, plumbing, appliances, landscaping, pest control and exterior surfaces all require attention. Salt air, humidity, sun and frequent rental use can also accelerate wear on coastal properties.

Before buying, consider:

• Who will inspect the property while you are away?

• How will routine maintenance be handled?

• Is there money in the budget for repairs and replacements?

• Does the HOA maintain the exterior, or is that the owner’s responsibility?

• Are there known or anticipated assessments?

A property that appears affordable can become expensive when deferred maintenance, older systems or underfunded HOA reserves enter the picture.

3. Use Technology to Monitor the Home

Smart-home technology can make managing a second home easier from a distance.

Wi-Fi thermostats, security cameras, door sensors, water-leak detectors and automatic shutoff devices can help owners monitor the property and respond more quickly when something goes wrong. Owners should also maintain an organized record of appliance information, warranties, contractor contacts, maintenance history and repair receipts.

Technology cannot replace local oversight, but it can provide valuable early warning when a property is vacant.

4. Decide Who Will Manage the Property

Some owners want a personal getaway that is never rented. Others expect rental income to offset part of the cost of ownership. Each approach requires a different management plan.

A local property manager, vacation-rental company or home-watch service may be able to assist with inspections, maintenance coordination, storm preparation, guest service and emergency response.

Before purchasing, understand what services are available, what they cost and what is included. Buyers planning to rent should also evaluate realistic rental performance rather than relying only on projected gross income.

Rental revenue can be attractive, but operating expenses, management fees, utilities, cleaning, repairs, insurance and periods of vacancy all affect the owner’s net return.

5. Investigate Insurance Early

Do not wait until shortly before closing to investigate insurance.

Coverage and pricing can vary substantially based on the property’s age, construction, roof, elevation, flood zone, occupancy and rental use. A condominium buyer should also understand what is covered by the association’s master policy and what must be insured through an individual HO-6 policy.

Ask a qualified insurance professional about:

• Wind and hail coverage

• Flood insurance

• Named-storm deductibles

• Vacancy limitations

• Short-term rental use

• Water-damage protection

• Replacement-cost coverage

An early insurance review can help identify unexpected costs or property-specific concerns before the buyer is fully committed.

6. Make Sure the Property Fits Your Plans

Spend enough time in the area to understand how you will actually use the home.

Consider the travel time from your primary residence, seasonal traffic, beach access, parking, local amenities and whether the property will comfortably accommodate your family and guests.

Buyers who may rent the home should also verify the applicable HOA rules, deed restrictions and municipal regulations. Not every community permits short-term rentals, and some impose minimum rental periods, occupancy limits, pet restrictions or other requirements.

The best second home is not necessarily the one with the most bedrooms or the closest ocean view. It is the property that best fits your budget, intended use and preferred level of responsibility.

Local Knowledge Matters

Buying a beach property involves questions that may not arise in a typical residential purchase. Insurance, HOA finances, rental restrictions, property management, building condition and coastal maintenance can all affect whether a property is a good fit.

My role is not simply to help buyers find a property. It is to help them ask the right questions, evaluate the available information and better understand what ownership may look like after closing.

Considering a second home, vacation property or rental investment in Surfside Beach, Garden City Beach or Murrells Inlet? Contact me to begin your search.

Dan Sine, REALTOR®
Dunes Realty Sales
(843) 455-6319
dan@dansinerealtor.com
dansinerealtor.com

Related resource: 6 Considerations for Second-home Buyers — National Association of REALTORS®

This article is intended for general informational purposes. Buyers should consult qualified insurance, lending, legal, tax and property-management professionals regarding their individual circumstances.

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