Are you planning on investing in real estate? If yes, investing in vacation rental properties in Bullhead City, Arizona, might be the perfect place to start with.
You might be wondering what makes this city on the south of Las Vegas an excellent investment destination and have certain reservations about it. However, investing in Bullhead city vacation rentals can be an intelligent move for you.
Read on to know why you should consider the Mohave County city as your next investment hub.
Cost of Living
Life in Bullhead City is better compared to living in other areas of Arizona.
The 2015 Cost of Living Index states that it is cheaper to live there than in Tucson, Phoenix, Prescott-Prescott Valley, Sierra Vista, Lake Havasu, Yuma, and Flagstaff. The low cost of living means residents of Bullhead city can stretch their dollar quite a bit more than other Arizonians. This extends to indulging on luxuries as well. Marketers targeting the region can leverage this advantage while building their marketing strategy.
Tourist Arrivals
Arizona, as a whole, enjoys vibrant tourism throughout the year thanks to its predominantly dry climate and travel landscape. Through the years, records of tourist arrivals have been on the rise.
The 2019 Industry Performance Report revealed that a total of 39.6 million domestic visitors stayed in Arizona overnight. The numbers show an annual increase of 3.2 percent.
In the meantime, there were 5.9 million international overnight visitors during the said period. This represented an annual increase of 5.4 percent.
This record of overall tourist arrivals is another clear indicator for you to consider investing in the Bullhead city vacation rentals business.
Proximity to Las Vegas
Popularly known as the capital of entertainment of the world, Las Vegas, Nevada, is one of the world’s biggest tourist spots. Thus, one’s proximity to the bustling metropolis is an opportunity that cannot be missed.
Among the major cities in Arizona, Bullhead City is closest to Las Vegas with a distance of around 90 miles. Phoenix, the capital city of Arizona, is approximately 256 miles from Las Vegas.
With Bullhead City’s proximity to Vegas, there is a high likelihood of tourists opting to stay there than in the other cities.
Places to Visit and Things to Do
When one is on vacation, part of the itinerary is to visit the destination’s famous attractions. Bullhead City takes pride in its tourist attractions.
The city is home to several tourist attractions in Arizona. Visitors can include in their plan a trip to the Colorado River, Lake Mohave, Colorado River Museum, Laughlin Ranch Gold Club, Oatman, Hardyville Cemetery, and Arizona Veterans Memorial Park.
When in Bullhead City, there are many recreational activities to take part in. Tourists can try out water-related activities like boating, jet-skiing, swimming, and fishing. They can also opt for other exciting activities like horseback riding.
With so many places to visit and things to do, Bullhead City would be the perfect place for you to start operating your vacation rental business.