With a population of 21.31 million people, Florida has become a popular choice for high-rise…
Fort Lauderdale waterfront homes have a lot to offer property owners. With easy access to the water and a great location, many people choose to invest in waterfront property. Unfortunately, many people make mistakes during the buying process that leads to unhappy property ownership. To help potential waterfront property owners avoid making a bad purchase decision, this article is going to discuss a few common mistakes buyers make.
Not making sure the structure can withstand the weather
Fort Lauderdale waterfront homes are going to be subjected to much harsher weather than regular homes. Whether it’s strong winds, heavy rain, or salty water, waterfront homes can show signs of wear and tear much sooner than regular homes if they’re not properly protected. So when looking at waterfront properties, it’s important to ensure the structure is built to withstand wear and tear. Things like stainless steel metal structures, storm shutters, and a raised foundation can help protect the structure.
Not fully considering the location
Oceanfront condos and homes are often chosen because of their location. After all, who doesn’t want a home right on the water? However, people often fail to really think about the location of their potential home. Homebuyers should know which way the property faces, which will determine how much sun or shade the property will be under. Additionally, buyers should know if the direction the structure faces makes it more prone to storm damage or not.
Not getting properly insured
With beach real estate often comes flooding. While structures can be built to withstand flood waters, it’s important for potential buyers to understand what kind of flood insurance they’re going to need. When looking for luxury waterfront homes for sale, buyers may find out they’re required to have a certain time of insurance. This is an important consideration to remember when looking at properties.
Not understanding what can and can’t be done
Many people interested in Fort Lauderdale waterfront homes are interested in the appeal of using the property recreationally. However, waterfront homes often come with strict regulations regarding what property owners can and can’t do. When it comes to putting in docks or sea walls or even removing trees on the property, the city may have regulations regarding what can be done. Additionally, if the home is part of a Homeowners Association, it’s important for buyers to know what their responsibilities regarding the property will involve.
As you can see, there are a lot of factors that should go into the decision of buying waterfront property. With 36% of vacation buyers purchasing property that is in a beach area, waterfront homes are extremely popular. However, it’s important to work with a realtor who understands the importance of being thorough in the buying process to avoid making any of these mistakes.