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Purchasing Waterfront Property: What You Need to Know
Fred Mullins, Donna Mullins, & Erin Biby Coldwell Banker Schmitt Real Estate Company 1201 White Street Ste. 101 Key West, FL 33040 Direct: 305-745-9440 Email: mullinsf@bellsouth.net Website: www.lowerkeys-homes.com When it comes to luxury living, nothing beats a home on the water. But there’s a lot more to buying a beachfront or ocean front home than just finding one that’s within your budget and has all the creature comforts you’d like included. There are some things you ought to know before you enter into a contract to purchase a waterfront property. Waterfront property is of course, more expensive than comparable homes away from the coast. But cost is only one of many factors that go into choosing a waterfront property. For one, the fact that part of your property might change over time. Waterfront Versus Inland Homes The beach is always in high demand, no matter the real estate market at-large and is therefore more costly. In addition, it’s a real attraction to retailers, restaurateurs, entertainment venues and more. Which means when you live on the waterfront, there will be a lot of nearby places to dine, shop, relax, enjoy the nightlife, and more. Bonus! Inland properties, on the other hand, are generally ... more
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