With the summer season just around the corner, the best way to save money on your beachfront condo is to rent it.
While the resort communities of Nassau and St. Thomas, the Bahamas’ southernmost points, are known for their beachfront property, the majority of the resorts in the country are located in the Atlantic Ocean and can be rented for much less.
This can mean that you can save up to $1,200 per week, with a deposit of $300 per night, on a single beachfront residence.
Whether you’re in St. Croix or Nassau, you can expect to spend between $600 and $1.3 million per year on your resort-rented beachfront properties, according to property data from RealtyTrac.
So what can you do to get a beachside condo for under $1 million?
Here are a few things you can do to save: Check the location of the property, such as the name and address.
Check the price of the house.
Check on the condition of the properties.
If the property is not up to code, check the rental agreement to make sure that you don’t have a liability issue.
Check to see if the property has a sprinkler system and if there are maintenance issues.
Check if the properties are fully-equipped for the weather.
If you have an apartment or house, it is important to have a full-time and dedicated gardener.
Check for insurance coverage, especially if you are renting a beach side property.
If there is no coverage, it’s best to just walk away and try again later.
Find out more about renting a vacation home on Realtytrac.