With a population of 21.31 million people, Florida has become a popular choice for high-rise…
In the first part of this series, we talked about the importance of finding the right realtor, considering the water and not just the home, and knowing what kind of insurance you’ll need when you buy a waterfront home. In this part of the two-part series, we’re going to cover a few more important steps to take before you buy waterfront real estate in Fort Lauderdale.
Understand your responsibilities: Many beach homes are part of homeowners associations. And being part of an HOA means you have specific responsibilities, like maintaining the lawn. It’s important to know what kind of conditions you’ll be agreeing to before you buy a home. Furthermore, when you’re looking at beach real estate for sale, you need to fully understand what you can and cannot do to the property. Things like adding a dock or a seawall may not be allowed in your area, so check on this to avoid future disappointment.
Consider your lifestyle: You should think about why exactly you want to buy a waterfront home. Do you want to just sit on your back deck and have a beautiful view of the water? If so, you may want to buy in a calmer water area and you might not need to be right on the water. Or do you want to go out fishing every single day? If this is the case, you’ll want to ensure you’re right near the water. Considering your lifestyle and expectations of owning a waterfront home will help you and your South Florida realtors find the right property.
Keep the weather in mind: Being on the water means your home will be subjected to harsher weather — high winds, hurricanes, flooding, and water spraying can all take a toll on beach houses. This is why it’s crucial to make sure the house you’re buying can withstand harsh weather conditions. Waterfront homes should have strong, waterproof foundations and other elements, like storm shutters. These are important considerations to make so you don’t buy property that you need to repair regularly from weather damage.
Hopefully, these steps will help you find the right waterfront real estate in Fort Lauderdale. With 36% of vacation buyers purchasing a home in a beach area, there are going to be plenty of property options to choose from. So keep these tips in mind to find the best one for you.