Coastal properties are popular for a reason. There is quite something special about the beachy vibe combined with the fresh sea air, but to enjoy your coastal property, you will need to make sure you are making an informed decision on what you purchase.
Take the time to thoroughly assess your financial and weather risks before you start looking for a property. When looking to purchase or sell real estate in Tootgarook, you’ll also need the help of an experienced local real estate agent.
Buying coastal properties is not an easy task. You have to keep in mind various factors while purchasing a coastal property. As you begin your search for houses for sale in Rye and Blairgowrie, keep these things in mind:
Building Structure
Coastal homes need to be built with the elements in mind. Most coastal areas have salt air which can cause rapid corrosion of unprotected metal and damage to some paint finishes. Houses in coastal towns should be constructed with high-quality materials that resist the harsh sea breeze and salty conditions.
Buying a beach house on stilts is a good idea if the location is prone to flooding or has a lot of storm surge potential. Additionally, the materials used in construction should be wind- and flood-resistant and sturdy enough to withstand severe rains as well as high temperatures. Concrete material and naturally durable wood are often ideal for coastal homes.
Proximity to Water
The majority of coastal properties are situated near the beach or on bodies of water such as rivers, lakes, and oceans. The closer your home is to the sea or river, the more expensive it will be.
However, if you don’t care about these issues, it is possible to find coastal homes further inland for less money than those located by the water. It’s essential to weigh up whether you need to live close to the water before signing a contract on a coastal home, as it can soon add up in the value of the property!
Hire A Reliable Local Real Estate Agent
Owning a property on the coast is one of life’s great pleasures, but it is also a significant financial decision and property investment. It’s crucial to find a real estate agent who truly understands what it takes to buy and sell coastal properties.
If you’re looking to buy real estate in Tootgarook, contact a local real estate agent experienced in the area. The right real estate agent will help you find your dream home and give you advice about any extra costs associated with owning a coastal property like flood insurance which may be required when you live near the water.
A local real estate agent can also help you decide whether or not it makes sense financially to rent out your property while you’re not using it as an investment or if it would be better suited as an annual vacation getaway for your family!
Maintenance Costs
There are several things that can go wrong with coastal homes. The cost of repairing and maintaining these homes may be higher than other homes in the same area because they suffer from increased wear and tear due to their proximity to the sea. It is important that you check the amount of maintenance the home requires before making any purchase decision.
Flood Risk
When purchasing a coastal property, you should also consider potential flooding risks. This can be particularly important if you look at houses for sale in Rye or Blairgowrie or other areas prone to winter storms, heavy rainfall, and flash flooding. Speak with a local real estate agent about what kind of flood risk is associated with the property. You may need to install flood defences, such as a wall or levee system.
When buying a coastal property, you should examine whether it is positioned on a rugged hill or on a slightly elevated slope to avoid flooding during heavy rains. In other words, flood risk should be considered before purchasing a beachfront property rather than getting worried afterwards.
Rental Income Potential
A coastal home can be a great investment opportunity, particularly if you only intend to use it part-time and rent it out at other times.
You may have plans to retire to your beach house, but until then, it may make sense to rent out the property to offset the mortgage and maintenance costs. If you live far away, you can hire a property manager or manage by yourself if you live nearby.
Many people purchase a holiday home that they can rent out when they aren’t using it. Before you buy, be sure to check with a local real estate agent about the potential income you could make from your property. This could help cover some of your mortgage payments or other expenses.
