Can You Afford Your Own Beach Home?

“Beach area homes are in high demand, so they don’t get hit with the down side of the real estate market to the degree other segments of the market are affected,” says Holland, who bought his first beach area home in 1999.

Vacation rental owner Pam deDomenico says she invested in a beach property in order to provide retirement income. “It was for the income, plus to have a great vacation spot to share with the children and grandchildren,” she explains. “It’s only a good investment if you consider the value of personal use and property appreciation,” she adds.