Monday, January 19, 2015

Five Reasons Why a Waterfront Property is A Great Real Estate Investment

Making an investment in real estate isn’t always the right way to go. You have to assess whether you are putting your money on something worthwhile or not. With so many properties on the market today, how can you really get something that is worth every cent you’ll be putting on it?


One of the things you should always be on the lookout for are waterfront properties. This is because with the right property in the right location, this property can produce huge returns for you. How exactly? Take a look at these five reasons why a waterfront property makes for an excellent investment:

1.       The family loves it.

Whether you move in or just use the house as a vacation home, the family will love it. You and your partner will enjoy the breeze and the serenity of the water. The kids will enjoy the number of water activities they can do. Swimming has become an everyday privilege. Just step outside your home and you have the water to yourself.

2.       It is a good retirement place.

If you are looking for a retirement home, a waterfront property is a good choice. For one, the place is peaceful and seniors like the peace and quiet. If you’re getting one near the beach or on the beach, seniors can take their daily beach walk and even enjoy the sunset and the sunrise. Further, it is easy to make friends in the area as the community tends to be highly active in such places.

3.       You can earn money from rent.

So, if you’re not moving in, you can consider leasing out the waterfront property. This is actually one of the long-term benefits of buying such property. Even if you’re not using it, you can have others use it and earn money at the same time. Many vacationers opt to rent a waterfront home as oppose to staying in a hotel, especially if they’re staying for a bit. Now if you’re getting a mortgage for the property, the monthly rental should help you make the payments as well. It’s definitely a win-win for you.

4.       The resale values just keep going up.

A real estate appraiser should know how valuable waterfront properties are. When someone puts it up for sale in the market, the real estate appraiser knows for a fact that this is a property that is worth investing in. So if you make the purchase now and sell it someday, you can expect the resale value to go up. If you want to wait a little longer, you can see how big the value has gone up since the time you bought it.

5.       These properties are limited.

Adding to the resale value of the property is its limited quantity. Not many homeowners decide to sell their homes and there aren’t many waterfront properties made as well. Hence, it is considered a luxury and a privilege to own one.

Investing in a waterfront property proves to have long-term benefits in your end. Nonetheless, before buying one, get it appraised by a certified real estate appraiser first.

Tam Bay Realty LLC
1408 N West Shore Blvd Suite 1000 Tampa, FL 33607
(813) 908-0706

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