Ocean Front Real Estate is a great buy for many different reasons. It makes a great second home and a great investment or business opportunity. If you’re searching for beachfront property you have two options, either buy land with an existing home on it or land without a home already built on it. There are a few things that you need to keep in mind if you’re buying either.
If you buy a house already built,make sure that you always have a licensed contractor inspect it before you sign your name to the final paperwork. He will look at the foundation and the construction of the house in general. This is incredibly important because ocean front property is especially vulnerable to foundation problems because it’s built on sand, which make an incredibly bad base for a foundation if the right construction methods aren’t used. The salty sea breeze that blows off the ocean also makes the home vulnerable to corrosion. Make sure that all the pipes and siding are in good condition. Finally, if the home is close to the sea, make sure that you know if the shoreline is eroding at all. You want an oceanfront home, not an ocean home!
If you’re buying land with a home already built, also make sure to keep money in your budget for any potential remodeling that you might want to do. This is especially true is the house is older and doesn’t have modern wiring or some leaky plumbing. If you’re planning to use your home as a rental property as well, you might need to make a few improvements to bring it up to code. Always make sure to have someone look at this and know the laws regarding rental property before you buy a home.
If you’re searching for land without a home on it, you also need to look at things like shoreline erosion, but also make sure that you have access to utilities on the property. Also make sure that you either have direct access to the property from the road or an easement that gives you access through another piece of property. Without it you could end up with land that you can’t access!
Ocean front real estate not only makes a great home, but also makes a great investment. Make sure you’re aware of all the risks and things to watch out for before you buy and you will no doubt have a great piece of property in no time.