According to recent estimates from the US Census Bureau, nearly six percent of Americans own…
If you’re looking at Fort Lauderdale beach real estate for sale, you’re not alone. In fact, 36% of people who own a vacation home bought property in a beach area. Seeing as how waterfront properties have so much to offer homeowners, they are a hot commodity. However, they can come with their own set of issues as well. Because of this, it’s important to take your time when deciding to purchase beach real estate. To help the process go a little easier, this article is going to discuss a few important questions you should ask when looking at Fort Lauderdale beach real estate for sale.
Does the property extend to the water? One of the most common misconceptions about Fort Lauderdale waterfront homes is that the property always extends to the water. Unfortunately, this is not always the case. Because of this, it’s crucial to clarify what exactly is it you’ll be buying if you make the purchase. Additionally, you should ask things like who is allowed to use the property along the water and if you’ll have to share any pathways or docks. These are all important questions to ask because you may not be getting the private beach area you desire if the water’s edge is actually communal property.
Are there any regulations in place? Many waterfront property owners have to follow homeowner association guidelines. While these guidelines are generally in place to ensure the quality of the area, they can be strict. Regulations may include things like building docks, fences, walls or even the use of boats in the area. These are all important guidelines to know about prior to making a purchase because they may not fit well with your intended use of the property.
What kind of insurance is required? While this may not have anything to do with the property itself, it’s important to know about insurance policies. Most waterfront properties require homeowners to have certain levels of flood insurance. Because of the increased risk of flooding that comes with a waterfront property, it’s important to know your options with insurance. This may impact your financial ability to afford the property, so it’s important to look into insurance before making a decision.
Hopefully, this article gave you some good ideas of how to go about the process of looking for Fort Lauderdale beach real estate for sale. Waterfront properties can be a great option for people looking for a home that suits their water-loving lifestyle, but it’s important to work with a realtor who knows what to look for in a waterfront property.