08 Jul The Benefits of Living at a Beach House
The first thing you should know about beach houses is that they are generally located in isolated regions. If you’re not a beach person, this could make commuting difficult. Beach houses can also be in isolated locations where you don’t have neighbors or friends.
Upkeep
To ensure your beach house remains safe, you should regularly check it. Besides inspecting locks, you should also check for cracks and other problems that could cause flooding. In addition, the home should be protected from intruders by ensuring it is equipped with an effective security system, including electronic monitoring, surveillance companies, and an internal video circuit. You can also integrate technologies to communicate with the security system through SMS messages.
The most crucial aspect of upkeep for a beach house is waterproofing. Without a proper waterproofing solution, it will quickly rot and develop mold and mildew. It is essential to inspect furniture and cupboards to avoid such a situation regularly. If you see any damage, you can address it quickly and efficiently. Otherwise, replacing all the materials could cost you a lot of money. For this reason, you should also consider hiring a maintenance or housekeeping service for your beach house.
Location
Aside from the obvious benefits of a beachfront vacation, there are many advantages to living in a beach house. For one thing, the home is typically located in a remote area. This makes it difficult for working families to travel to work. A beach house is also far from convenient shops, government offices, and professional services. Living in a beachfront community like the beach houses in North Carolina also means fewer neighbors and friends. Fortunately, the beach houses offer security and privacy.
The beach is free from the drudgery of traffic and the rigors of work. Besides working in an office building, it’s a great place to relax, unwind, and enjoy the scenery. But, of course, you can also spend your free time doing whatever you like – float in the ocean, sunbathe, play sports, or walk your dog.
Cost
A beach house requires a significant financial commitment. Depending on the size and location, maintenance may be complicated. You’ll also need to worry about taxes and insurance, which may be costly. Many beach towns have hefty property taxes, making it challenging to rent your property. If you plan to rent your property, you may want to hire a property management company to take care of these issues.
The cost of living in beach towns tends to be lower than in major cities, especially New York. The median home list price in Surf City, Florida, was $849,900 in February 2018. Most consumer goods, including groceries, are less expensive, reducing up to 61 percent in costs. On the other hand, utility bills only cost $81 a month. In addition, prices for other essentials such as food are generally lower than in other cities.
Investment potential
If you plan on renting out your beach house for the summer months, you must assess the investment potential of living there. While beach houses are generally less expensive than other property types, they can still fetch high resale values, mainly if you’re located near an ocean. In addition, Beach houses with more bedrooms are usually better for rental purposes than smaller units. However, you must check whether your beach house is located in an HOA community, which may have strict rules regarding rental.
There are many investment opportunities to live at a beach house. Aside from vacation rental, you may also purchase a stake in a promising local project. This way, you can buy stocks of promising beachfront projects in the future. A good investment may lead to even more significant investments. In addition, you can also take advantage of new career opportunities, such as in local administration or private companies. Your beach house could become a stepping stone to a lucrative career in real estate.