Who doesn't want to own a little piece of heaven? The emerald green waters just invite you right in or the luxury of being able to have your boat right behind your home and just jump in and head out. These are things we all dream about and some of us are able to make the dream a realitiy. If you do make the plunge here are a few things to think about:
-Be specific when zeroing in on a location. Do buyers want a getaway right on the beach, or just within walking distance of water? The price difference between the two is often quite notable. Some buyers are content being within easy driving distance and don’t want to pay a waterfront premium. One caveat: If they're buying a property as an investment and/or plan to rent the property out all season, then proximity to water is a must. It's the first thing seasonal renters look for.
-Think about bad weather and what it means to you. Does the area frequently flood? Is it often hit by hurricanes? If so, how is that affecting current owners’ insurance? Many large insurers are refusing to insure frequently weather-damaged areas and even some areas that haven’t had weather damage in a long time, but could.
-Consider the implications of every season. What happens to the homes in the high season? Are they used primarily by the owners? Rented out per week? Rented out all summer to packs of 20 somethings and their closest friends? Prom weekend hot spot? Buyers who have the time should visit throughout the season to see how the crowd changes
-Don't forget to insure, insure, insure your home
For more information on waterfront property please feel free to view more homes and condos online at
www.RandBCoastalRealEstate.com
www.Destin-Florida-MLS.com
www.Destin-Florida-Condominiums.info
www.InvestSmarter.com
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