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What factors affect the cost of oceanfront vacation rentals?

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Quick Answer

Some factors that affect the cost of oceanfront vacation property rentals include the condition of the beach or waterfront, proximity to the ocean, time of year and the state of the home itself. The prices of other nearby vacation rentals also affect cost, as does the operating cost of the property.

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Full Answer

One significant factor that determines the cost of oceanfront vacation rentals is the waterfront itself, as a clean ocean environment is likely to result in higher prices compared to a body of water that is dirty or uninviting. If the property has any beach area nearby, its cleanliness may also result in higher prices. However, if the beach is further away from the home it may not pose a significant increase. The other areas around the property also contribute to the rental price, as access to natural beauty, restaurants, shopping or other activities allows the property owner to charge more.

The time of year also affects oceanfront rental property prices, with summer typically seeing a higher cost due to the frequency of travelers during that time. Some regions may experience different seasonal price spikes, often correlating to national holidays or local events. If the property is near other vacation rentals, their prices also affect the price, though the distance between them factors into the effect. For example, if there are many properties nearby with lower prices, the owner may have to lower prices to stay competitive.

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