Talking Relocation with Lisa Newman
It has been reported that Americans are relocating at a much lower rate than decades past. The relocation rate in the United States had hit the lowest point in 2016 with just a 11.2 percent of Americans moving from their current location. The reasons for relocation vary, from family to employment; the primary reason, at 42.2 percent, being housing-related. As a real estate company, we found this very interesting, particularly that we are a real estate company located in South Carolina. The South is the most transient region; the highest rates of both moving into and moving out of a region all fall within the Southern states.
After knowing this information, one may ask how this impacts their relocation decision. If relocating is at an all time low, is it a good idea to move from your current location, job, or home? What are the benefits of relocating, especially to the Myrtle Beach area? These are all great questions that we have asked one of our knowledgable sales agents, Lisa Newman.
"It’s no secret that Myrtle Beach has been dramatically growing and expanding," says Lisa. "The housing market is booming, especially in our very own Market Common with new construction on nearly every corner, and many resales popping up on the MLS."
So, if you’re relocating, should you be looking at resale or new construction? "As a Realtor, I would say it is very important to look at both options. New construction is at a peak, which hasn’t been seen in several years."
According to FortuneBuilder, Myrtle Beach in particular is on the rise; our city’s production level is nearly 100 percent higher than the national average with an increase of 5,000 new housing permits over the last 12 months.
"There is no shortage of housing opportunities, so ask your Realtor any and all questions, and they can help guide you toward a decision based on you and your family’s needs," Lisa advises. New construction is not always higher in price and typically will save the homeowner headaches from repairs that are sometimes necessary with resales. There are easily pros and cons to both, so work with your real estate agent to find the right fit for your family.
Another benefit of relocating to South Carolina from Northern regions is the decrease in taxes. South Carolina is actually below the national average by 17.51 percent, with the annual state and local taxes on the median state household being $4,066 compared to New Jersey's $10,969. In fact, Horry County has one of the lowest property tax rates within the state, which is great news for those who are looking to relocate to the area. However, it appears there is no particular advantage or disadvantage as far as utility bills are concerned. South Carolina is ranked the highest in electricity cost, but on a lighter note, it is one of the lowest in the nation for motor-fuel and natural gas costs. Overall you may find that your utility bill is much lower than those in Northern regions because of our warmer winter weather.
This information is important for adults and parents, but what about children? Horry County is the third largest school system in South Carolina, and in 2016 surpassed the national SAT scores with a collective district score of 1535. This goes hand in hand with the fact that an increase in students enrolled in Advanced Placement classes, raising the percentage of test scores to reach above both the state and national average. Horry County education is making leaps and bounds, but it seems is struggling in the realm of special with a lack of necessary special education teachers. However, the Horry County School Board committee has been hard at work to cater to students with special needs by finding ways and incentives to attract committed special needs teachers to our schools. With these efforts, we are optimistic that Horry County education will continue to grow and shape young minds that will one day lead our beautiful country.
While the children grow, learn, and play, adults may be on the prowl for employment opportunities. Myrtle Beach appears to have more jobs than employees, with many job openings available. According to Post and Courier, the Grand Strand is adding jobs at a faster rate than any other city in South Carolina, due to an influx of transplants and tourists, and has replaced Charleston as the heart of the state's job growth.
"Our city thrives on tourism, so any of the hospitality industries would be a fantastic place to start," says Lisa, "whether it be hotels and resorts, restaurants, bars, or tourist attractions."
That doesn't mean those are the only jobs available; there are many design-based jobs, freelance opportunities, and construction work in our ever-growing city. One may use the city's website as a job searching resource, as well as websites such as www.sciway.net and jobs.myrtlebeachonline.com.
When you work hard, you have to play hard, and Myrtle Beach knows how to have a good time. Besides the many amazing bars and restaurants in the area, ranging from the Dave and Busters at Broadway at the Beach to Gordon Biersch in Market Common to Chive Blossom in Pawleys Island, there are multiple ways to find your niche in the area. If your interests lean toward art, you may enjoy a night out at Wine and Design at Market Common, or if you're a runner, just a few doors down is Black Dog Running Company who hosts group runs and participate in local races and marathons. If running or painting isn't for you, enjoy a leisurely bike ride with Aaron Maynard at Pedego located in the Market Common Commercial District. Are you more of a brainy night owl? Check out all trivia nights at various Market Common restaurants throughout the week and have a chance to win a night out of dining with some new friends. If you're more into the live music scene, you may want to check out large shows at the House of Blues or more intimate live settings, such as those at Strong Waters Craft Cocktails & Kitchen, who was voted one of five best new restaurants in Grand Strand Magazine. Enough of grown up fun, we can't leave the kids out of the loop! Market Common is home to Savannah's Playground, a beautiful, large playground meant for children of all abilities through enabling playgrounds and programs designed to meet their special needs. Kids of all ages and abilities can get in on the fun and make new friends. You may also want to take a family trip to the Ripley's Aquarium at Broadway at the Beach; your children will love the mermaid shows and learning all about aquatic wildlife. And as for our furry, four-legged children, Myrtle Beach is filled with walking paths and dog parks, where pups of all ages and sizes can play and make friends. Not to mention the many resources for your pet's health; many veterinarians are located in Myrtle Beach, including Meadowlawn Animal Services right here in Market Common.
"There's never a shortage of activities or areas to explore in Myrtle Beach; there is something for all ages and all interests," says Lisa. "The job market is booming, Horry County schools are reaching new heights and beating national averages, and the housing market is recovering and growing exponentially. If you're looking to relocate to a sunny, active area, Myrtle Beach may be the place for you."