The cabs are here
It's a tough thing to envy when your shrill housemates are yelling at the top of their lungs at 3 a.m. or leaving torn Ed Hardy shirts and similarly shredded hair extensions for your to clean up the morning after their brawl, but proximity to beaches and bars are a coup for any vacation rental property.
TripAdvisor notes that 47% of the vacation renters it surveyed say they plan to stay in beachfront villas this year, making them the most popular rentals of the year. Not surprisingly, 49% of vacation property owners told HomeAway that they would buy a beach property if they could buy another vacation home today.
Unless you're wearing Snooki-sized Hubble Telescope-lens sunglasses bedazzled with rhinestones, it's not hard to see why property owners would make the upgrade. The average cost of renting a three-bedroom house on the beach in July is $3,250 a week. Set that property back a third of a mile from the beach and that price drops to $2,596.
It also helps to be someplace where the bars and clubs can outnumber the beach chairs, as TripAdvisor's Hudepohl notes that Cape Cod, Mass.; Myrtle Beach, S.C.; North Carolina's Outer Banks; and Alabama's Gulf Shores are among this year's hot properties. With 8% of HomeAway property owners considering their homes "convenient" and 5% declaring themselves in the "middle of the action," there's of room at the party for property owners looking to step up their game.