Beachfront Homes: Important Facts to Know Before Purchasing

Beachfront Homes: Important Facts to Know Before Purchasing

For many, the dream of owning a beachfront property will remain nothing more than a dream. However, if you’re fortunate enough to have the money to make such a purchase, it’s important to do your research. Nobody wants to spend $100,000 or more and get burned.

It’s important to remember that the buying process of any home is always going to be quite complicated. Paying points, preapproval and countless other factors make the process confusing. As long as you have the right information before making a purchase, you should do pretty well.

Important Facts to Know Before the Purchase

First, you need to understand the true meaning of oceanfront because most people are confused about it. An oceanfront home is not located directly on the beach.

Zoning laws require that homes are built at least 40 feet from the cliff top or vegetation line. The designated boundary is also subject to erosion.

Are There Any Additions Possible?

Let’s assume you’ve already found a few beachfront properties that interest you. The next step is to determine if any additions can be made to the home.

Although it’s a basic question, it’s very important because beachfront homes are usually subject to far more restrictions than regular homes.

For example, maybe you want to add a structure to the home, and after the purchase, you learn that it’s not possible because of restrictions. Don’t make this mistake and get the information before you purchase.

How Will The Home Handle The Weather?

The weather at the beach can be significantly different than what you would experience in the city. Some areas are even prone to hurricanes and other destructive forces of weather.

You need to find out how well the home will be able to withstand the local weather. Many homes get flooded from a small excess of water or high tide. The wind speeds near the ocean are usually much higher, so it’s important to know that the home can withstand the wind.

If the local weather conditions will cause premature wear to the roofing, pipes or other components, it’s probably a good idea to factor these issues into the price negotiations.

How Much Does Insurance Cost?

The cost of insurance can be significantly more for beachfront properties, so you’ll want to check the FEMA flood map that pertains to the location of the property and check to see if you’ll need to pay extra for flood insurance.

It’s also a good idea to get a few quotes from a local insurance company because you want to get an idea of what you’ll have to pay for insurance before you purchase the home. These are some of the most important facts to know before purchasing a beachfront home.

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