How To Score A Bargain Beach Home
Waterfront or beach houses are some of the most desirable properties in many places. The desirability makes beach houses relatively expensive compared to other homes. However, you may get an affordable beach house if you know what to do. Below are credible tips on how to find a bargain beach house.
Location
You can considerably lower your beach home budget if you are flexible with location. Some states or even beaches have cheaper homes than others. For example, realtor.com rated different American towns for their beach home affordability, and the differences were thousands of dollars. From the rating, the East Coast has more affordable beach homes than the West Coast.
Proximity to Water
People mostly buy beach homes to enjoy water sports, participate in beach activities, and enjoy the views. As such, homes near the water command higher prices than others farther away. In fact, realtors can even calculate the cost difference per additional mile from the water.
You don't have to buy a house on the first row from the water if your reasons for buying a beach home don't need that proximity. For example, you can enjoy boating activities without having to live right on the beach.
Views
You can also lower your beach home purchase costs by focusing on homes that don't necessarily have great views. This approach makes sense if you prioritize other issues about the views. Say you will only use the home as a vacation property and spend most of your time outdoors.
Amenities
Proximity to amenities influences home prices, including beach home prices. Shopping malls, hospitals, clubs, and other facilities affect property prices. Focus on your priorities without considering others' preferences.
For example, some people prefer hustling and bustling neighborhoods where they can get everything within walking distance. Others prefer quiet places and can comfortably stock supplies for weeks. You may snag an affordable house if you belong to the latter category and avoid the hotspots.
Zoning
Local authorities use zoning regulations to control activities in different locales, which also applies to beach areas. For example, zoning laws may determine allowable land activities, building sizes, yard areas, and parking regulations. Some zoning regulations appear stricter than others, and the strictness turns off some people.
Zoning regulations may affect prices, especially if prospective buyers view some areas as too restrictive. Analyze your preferences and tolerances, and you may just get an affordable home in an area prospective buyers keep off.
For more info about residential property, contact a local company.
Share