A beach home makes a great vacation home or second home. However, before you jump into buying one, you need to know the risks and downsides. You need to know the dangers and things to look for to make your purchase financially viable. Here's all you need to know about what to look for when buying a beach house.
Does the Area Meet Your Needs?
Take the time to make a list of everything that you want from the home and the area. When you're looking at a property, you can also look at the area as a whole. Consider local schools, nearby facilities, and proximity of neighbors. Look at foreclosure rates and rentals, especially if one of your needs is to rent the house out when you're not there.
Don't just visit during the day. Take a look at night to see what the area is like. Look at the beach and tidal proximity. Is the house really a dream home or a nightmare?
What's the Weather Like?
The summer months may be amazing, but you need to look at the weather all year round. Even if you don't plan on living there during the harsher months, find out about them to determine if this is somewhere you will be happy to have a home.
One of the biggest dangers is damage due to inclement weather, especially flooding. Find out about previous flooding or risk issues. If in doubt, talk to the neighbors to learn of their plights. They won't have anything to lose by telling you, unlike the real-estate agent.
Is It a Time Share?
When looking at rates, make sure you find out more about what you're buying. Are you buying the property or a time share? There are limitations to opting for a time share, including the lack of protection during the times that you don't have rights to the property. You will only be able to visit during certain weeks of the year, and they're not always going to be the best.
There's also a risk of scammers, as many people are trying to get out of time shares now.
Will There Be Wi-Fi and Phone Signal?
This will depend on the reason for buying a home, but having somewhere so far out that you don't have Wi-Fi or phone signal could be a nightmare. Do you really want to be completely cut off from the world when you're in your home? Not only does this cut you off from relatives and telephone marketers, but it also cuts you off from the emergency services in some cases.
Check your phone strength and ask about Wi-Fi signal. Also, find out what type of Wi-Fi you can get to make sure it will fit your lifestyle.
Just remember that first impressions are not everything when it comes to looking at beach homes for sale. Do your research to ensure you are going to be buying something that meets all of your wants and needs.