“A beach house isn’t just real estate. It’s a state of mind” – Douglas Adams. Living in or spending your vacation in a beach house is not just fun but also gives you a very calm and peaceful experience. People who are interested in buying a beach house might have quite a lot of hiccups in regards to the planning, decision making and or fiscal aspects of the purchase. Therefore, this blog will serve as a “prep-guide” for first time investors in beach houses.
Location
The first and foremost crucial decision to make in regards to purchasing a beach house is its location. As the initial step, meticulously jot-down all the localities in which you would like to have your beach house in. Subsequent to which short list the top 4 or 5 locations by visiting them in person to pick your favorite. Then, plan short stays in each of the handpicked locations to zero down on the location that is best suited for you. As a preventive measure, avoid purchasing beach houses that are very remote and off the radar as you might not be able to reach out in case of emergencies.
On or Off Shore?
Once you have zeroed down on your location, the next big thing to think about is where exactly you would prefer your beach house to be situated. Do you want your house to be a few yards away from the shore or placed right away on the shore? These little details will definitely have an impact on your purchasing and maintenance expenses.
Neighbors
With every family becoming a nuclear one, it is the neighbors that we depend on for support. It is necessary to see if there is a good neighborhood near your desired beach house as you would be spending a considerable amount of time of the year in your beach abode. Especially when you have kids, it is necessary to find neighborhoods for your beach house that are kids friendly as playing in the waves alone wouldn’t keep you and or your kids occupied. Along with your kids you would need company too!
Monitorial Aspect
It is bluntly obvious that you as a buyer must have saved enough or planned enough to invest in a beach house. But, it is also essential that you think about the size of your vacation den. Spending just about 2 to 4 months of a year doesn’t essentially require a big sized beach house. A small 2BHK house would do, unless you are 5+ people family. You should also take in to consideration the additional costs that would incur irrespective to the size of your beach house such as the taxes, insurance, maintenance costs, etc.
Use appropriate help whenever necessary
Buying a beach house is definitely a dream come true moment. It is mandatory for you to be well informed during every step of this investing process. Therefore, make sure to hire a suitable realtor before you discuss numbers with the property owner as the realtors would know if you are making the right offer. Similarly, hire land inspectors to see if the area is flood-proof or susceptible to frequent flooding.
The above mentioned points would definitely be time and money consuming, but at the same time will help you invest safely without any regrets later in the future!
