Most people dream of buying a beach house. Just imagine those beautiful sunny mornings when the first thing you’ll see when you wake up is the perfection of the turquoise water in front of you. A great image, isn’t it? Nowadays, in the whole rush of our modern lives, this kind of relaxing experience is something we all need. So, why not consider your dream one more time, and make it true. And that’s exactly why we are here! Let us introduce to you our small guide on what to look for when buying a beach property in Florida, for example.
The question of location
You may have never thought about it before, but the location of your beach property is very important. It’s not only getting a loan, hiring Purple Heart Moving Group, and you’re in. This kind of investment is something that requires a more strategic way of thinking. The most practical view is to consider it as both vacation place and rental property.
Namely, this may be your home during one part of the year, but also a place you can rent during the other part. Therefore, when you are choosing a beach property in Florida, it would be nice is you find one close to the beach, or on the beach itself. Not only would that be more enjoyable for you, but it would also be more appealing for your future tenants. On the other hand, the proximity to some nice restaurants, markets, and shops also have an impact on the popularity of property among those who would like to rent it for some time.
Get your beach house and live your dream.
About the land
When thinking about buying real estate, people usually first take a look at the house itself. However, things are not always as they seem, especially when it comes to the waterfront properties. It is not unusual at all that the land on which the house is built worths more than the house itself. Beach houses are expensive, indeed. But, don’t be surprised if you come across a small, not that good looking house which will cost a lot. The thing is that in these cases, the land is more valuable than the house itself.
Another very important thing to consider here is whether your beach property extends to the water’s edge. If you own a part of the land that is covered by water, make sure you are informed of whether there are any requirements you need to fulfill.
Get a real estate agent when buying a beach property in Florida
Hiring a real estate agent to help you out in the process of buying a waterfront property in Florida is a very smart decision you can make. A committed and skilfully agent can handle the whole thing with ease, and make your important purchase stress free. In this case, also, it will be great if you find the one who has some experience in the waterfront property market.
Check on your budget before buying a beach property in Florida.
The prices of the beach properties are often much higher than the prices of some similar inland properties. This is, in a way, logical, since the proximity to water really means something, and must have its price. So, when thinking about how much money you will need for a house, don’t forget to consider this fact as well. A stable and controlled financial situation at the beginning of the purchase is imperative. Also, it would be great if you start looking for home loans at the very beginning. Finding the best solution is crucial, and it requires a lot of attention. Handling your budget in these situations is really a big deal. Always keep in mind that apart from the mortgage payment you’ ll also need to pay for certain taxes and utilities.
Some additional expenses
If you are about to get your own beach house in Florida, it’s a good idea to have a good look at the property before you actually buy it. This is because you need to know the real state of affairs in advance. Be aware of the condition in which the house is, and make sure you know how much money you’ll need for all the necessary repairs. Nothing is perfect, that’s true. However, don’t let yourself be deceived and give your money for something you will later regret buying.
The importance of insurance
The aspect of insurance is something you should consider from the beginning as well. For the waterfront houses in Florida you may need at least three policies- wind, flood, and general hazard policy. It will be nice if you inform yourself about how much the house is prone to water damage. If this kind of damages happened in the past, it is very likely that it may occur again. So, better prepare in advance.
Feel safe, get insurance for your property.
Connect with your neighbors
When you have found a nice and acceptable beach property in Florida, there is one more thing to do before you buy it. Look around a bit. Take a small walk through your potential neighborhood. Find people who live there for some time, and talk with them. Not only would it be useful for making some new friendships, but you may also collect some important information. Ask them about the typical weather conditions or any usual problems they encountered while living there. For, who can tell you more about the place than the people who actually live there? And if you are having any dilemmas, after this you probably won’t have them.
Investing in a beach property in Florida is really a big deal. A lot of money is in the game, and therefore, it’s better to be careful and play it smart. That’s why we hope our guide may help. So, let’s make a small recap:
- think about the location
- remember that land can be more expensive than the house itself
- listen to your real estate agent
- consider the property price and the potential repairs
- always have an insurance
- inspect your neighborhood