Palm Springs: A Top Second Home Market

Palm Springs is a hugely popular destination for second home ownership, and there’s a good reason for that...many of them, actually Buyers from all around the world are attracted to this city thanks to its warm winter climate, the vibrant culture scene and, of course, the beautiful architecture. But, if you’re still weighing up your options, here are several other factors that make Palm Springs a top second home destination: It’s Great for All Ages Palm Springs is family friendly and favorable for people of all ages - including for the elderly and kids. In fact, a considerable number of elderly people retire to Palm Springs as the year-round dry climate is good for them. Yes, it’s a desert, so it can get very hot during the summer months - but everybody has air conditioning and misters. If you’re into exercising, the temperature is lovely for running in during the early mornings or once the sun has gone down. You’ll also find that the city’s healthcare and cost of living to be pretty pocket friendly. If you have kids, aside from playing in the pool there’s lots of fun activities for them to try out - there's even a Children’s Discovery Museum. It’s a Welcoming Community Palm Springs is a pretty easy going place. Not everyone will know your name, but they will be friendly, helpful, and ultimately make you feel comfortable whenever you visit. The city is also very welcoming to members of the LGBTQ+ community. Palm Springs actually hosts the world’s largest lesbian event Dinah Shore Weekend every April, and has achieved a perfect equality score the Human Rights Campaign. There’s Every Kind of Activity Whether you want to simply chill out or work up a sweat, Palm Springs will definitely have an activity for you. The surrounding San Jacinto Mountains are truly a sight to behold - and they’re also an adventure waiting right at your doorstep. The Palm Springs Aerial Tramway can take you right to the top to enjoy the fresh air, stunning views...and excellent dining options The renowned Joshua Tree National Park is right on your doorstep if you fancy a hike, or if you’d rather a round of golf Palm Springs is home to several world-class courses such as Indian Canyons and Tahquitz Creek. Palm Springs also hosts lots of big festivals and events throughout the year, most notably the International film Festival, Coahcella and Modernism Week. And, if you’d rather do nothing at all, you can just chill by the pool. The Greater Palm Springs area has over 50,000 swimming pools - the highest rate per capita in the United States It’s Easy to Rent Out When You’re Not in Town When you’re not residing in Palm Springs, you may consider renting out your second home. This will likely be the case if you’re a buyer from abroad who can’t spend too long away from home. Palm Springs is a hugely popular tourist destination. Golfers love to try out the amazing courses on offer and Coachella concert-goers flock there every summer. It’s also a popular destination for weddings, pool parties and art lovers. Basically, you’ll never be short on people keen to stay here. There are strict regulations for renting out your home, especially when it comes to short term rentals, like Airbnb. You are only allowed to host an Airbnb 32 times per year. So, it's probably best to rent out your home for months at a time when possible. However, once you stick within the guidelines, renting out your home is stress free You can check out the rental regulations for Palm Springs here. You should consider contacting a professional to guide you through these regulations, just to be safe.