When deciding whether or not to buy a vacation home, there are various aspects you need to consider. Number one is probably functionality and the economics of it all. However, for the vast majority of people, it all comes down to location. If you’re considering purchasing a vacation home, Palm Springs has a lot to offer! In the rest of this article, we’ll go over some of the great reasons to buy a vacation home in Palm Springs.
Sunny Weather
The first thing you need to know about the weather in Palm Springs is that it’s almost a textbook desert climate. Winter and early spring are the best times to visit Palm Springs because of the warm weather. Palm Springs usually sees almost 300 days of sunshine during the year, with generally low humidity and very little rainfall, making it an ideal vacation spot.
Amazing Location
One thing people rarely forget when they are considering buying a vacation home in Palm Springs is its proximity to other exciting destinations. Palm Springs is less than a two-hour drive away from Los Angeles and slightly longer from San Diego. Moreover, Phoenix, Tucson, and Las Vegas are all within a day’s drive. If you’re not from the West, a second home in Palm Springs can serve as a convenient base from which to visit intriguing towns throughout California, Nevada, and Arizona. This leaves you open to many traveling opportunities. If you’re a fan of road trips or traveling in general, this could be one of the deciding reasons to buy a vacation home in Palm Springs.
Moreover, more and more people have been relocating to the desert in the past few years. The Palm Springs Greater Area has become more than just a great tourist spot. This is because it offers a small-town feel combined with all the amenities available in a metropolis.
Endless Exciting Activities
If you want to try a variety of scenic and challenging golf courses, Palm Springs is one of the best places to visit in the world. There are several dozen golf courses in Palm Springs and the neighboring Coachella Valley areas, ranging from low-cost public courses to high-end ones.
However, it’s not just about golf. Although entertainment options in Palm Springs used to be mostly focused on tennis, golf, shopping, museums, and gardens, it’s all changing. These days, escape rooms, live comedy events, and jeep trips have begun to spring up throughout the city, appealing to a more adventurous crowd. The city’s nightlife is also boosted by casinos, bars, music venues, and fine dining businesses. On the other hand, the region’s protected wilderness regions are attracting more outdoor enthusiasts for hiking, rock climbing, and other daytime desert adventures.
If music is more your thing, Coachella is the perfect event for you. It is one of the most well-known music events in the world, held at the Empire Polo Club in adjacent Indio. Artists such as Beyonce, Coldplay, Drake, and Lady Gaga are frequently featured as headliners.
A Vacation House Is A Great Investment
The most obvious benefit of owning a vacation home is that there are numerous ways to make money from it. You won’t be there full-time anyway – so why not rent it out? Because Palm Springs is a popular tourist destination, you should have no trouble finding renters. Tourists looking for low-cost lodging have been increasingly flocking to vacation rental units in recent years. It’s quickly becoming a much more popular option than staying in hotels. Fortunately for you, there are various options for renting your property online, including Airbnb and other similar services.
Tax Benefits
Don’t want to rent out your vacation home? That’s fine too! You can deduct the interest on your mortgage and property taxes from your income if you don’t rent your second home year-round and only rent it for less than two weeks per year. While you’ll need to talk to your accountant about the specifics of any possible tax deductions, this is one of the key benefits of owning a second property for primarily personal use.
Great Market Conditions
Although property prices in Los Angeles County have surpassed pre-recession highs, Palm Springs has yet to do so soon. In the past few years, home values in Joshua Tree have more than doubled. Similarly, in Desert Hot Springs, they have increased by more than 80% during the same time. This indicates that now is an excellent time to invest in your dream vacation home in Palm Springs. However, market conditions are constantly changing, so make sure you check for market updates before making a substantial financial commitment.
Essential Things To Consider When Buying A Vacation House
If you want to buy a vacation home in Palm Springs, you should first establish a budget. You should have a clear view of your financial status before making any commitments. Remember that buying a house comes with a lot of potential and additional costs, one of which is hiring a reliable real estate agent. They can assist you in completing the process of selecting a suitable vacation home much more quickly.
Moving Your Belongings to Palm Springs
Another thing you need to consider is getting the furniture and other items to your new California vacation home. If you live in another part of the state, hiring long-distance movers to help you transfer your belongings hassle-free is a great idea. They’ll make sure all of your things arrive safely and on time.
In Conclusion: Why buy a vacation home in Palm Springs?
There are various reasons why Palm Springs is a popular destination for investing in a vacation home. The weather is favorable enough to draw visitors from other states looking to escape the cold. Because of the numerous tourist sites and activities available, it is also a popular family getaway. Most importantly, buying a vacation home in Palm Springs is an excellent financial decision. The money you can earn from renting out your holiday home will more than cover the costs of purchasing it.