If you are about to buy a property in a paradisiacal destination on the beach, we recommend that you take these recommendations into account so that your purchase is a true success.
Imagine going out to the patio of your house and finding yourself with the incredible sound of the waves breaking on the seashore, walking a few steps and finding the sand around your toes. Sounds spectacular, doesn’t it? Owning a property on the beach is a tropical lover’s dream.
But all too often, people get carried away with the idea of owning a property by the sea and then discover that acquiring such a property is not as easy as it seems.
For all its bliss, beachfront property can pose some significant problems that are very different from those of properties located in the inner town or city. Whether you are planning to buy your vacation home or as an investment property, there are a few things to consider before making any move.
Avoid making these all-too-common mistakes when buying a beach house.
1. Not sticking to budget
“Buyers often get caught up in the glitz and glamor of beach living, overextend their lines of credit, and buy more homes than they can really afford,” says Evan Harris, co-founder and CEO of SD Equity Partners., in San Diego.
And it is not only the cost of the house itself, but you must also consider the maintenance expenses, the inevitable repairs that can arise when having a property by the sea.
“Properties in coastal cities are exposed to a constant barrage from the elements, like salty sea air and hurricane-force winds that properties on the mainland aren’t required to withstand,” Harris says.
Our suggestion is that you can visualize the future and you can prepare financial perspectives for the next 5 or 10 years of owning the property.
2. Not considering measures against moisture.
This is truly a key factor that you should consider when purchasing a property on the beach, whether the construction is on volcanic stone or has several layers of waterproof paint, the house must have measures that combat humidity.
Try to have this aspect considered to avoid problems with pipes or ceilings in the future.
3. Forgetting about the neighbors
It is very easy to fall in love with the beautiful views of the beach and forget about everything else.
Before you buy, make sure you look past the stunning views and beautiful home; as with any other home purchase, you will need to research who your neighbors will be if there are any properties next to yours.
Make sure you do proper research on the community. Is it a paradise for spring break? A quiet town for retirees? Will your children have someone to play with?
Buyers should carefully research the community surrounding the property, as well as discovering the culture of the beach location is very important.
4. Not using compass
It is known that the location is always one of the most important aspects that must be considered when acquiring a property and having a fabulous house by the sea does not mean that it is already perfectly located by default.
When purchasing coastal property, one must also become a meteorologist. You need to know which way the wind is blowing, which way the house is facing to better understand the natural lighting your house will get during the day and if you will have the opportunity to see the sunset from your property.
5. Not having an expert agent
When looking for a property (especially if it is coastal) you should consider having an expert agent in the area who can better support and guide you because otherwise, you could be preparing yourself for big problems in the future.
A coat of paint might be hiding some structural damage to the property but a coastal expert will look for invisible but likely problems that can be presented by wind-driven salt air, water and sand.
6. Not considering management for rent
Acquiring a vacation property on the beach is said to be easy, but it is a decision that has too much weight on your life and your family. And in case that you enter the property rental business, the management and supervision of the property comes into play. Referring to the cleaning and maintenance service.
These services will be of the utmost importance for each time new guests sign the rental contract that you offer. For this reason, we recommend making your investment with Ancana, the vacation home marketplace, where you can find experts to guide you in finding the home of your dreams.
In addition to that you will not have to worry about maintaining your home and spending thousands and thousands of dollars on maintenance, because you will be able to purchase your vacation home in fractions and divide all the expenses among the other co-owners, and don’t worry! We take care of the rest, so that you only get to your property to vacation as you always wanted.
Owning a vacation home has never been this easy.
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