What To Look Out For In A Beach Property

Beach properties are one of the most sought after by moneyed folks. Luxurious, expensive and available for purchase or rent, some are used as residences, others as vacation homes and the rest for resorts and guest houses.

If you're considering investing in a beach house you must know the responsibilities that come with it. True, you'll be the proud owner of a home that not many can afford, enjoy the fresh sea breeze, and find it much more relaxing to live in than a townhouse. However, beach houses have a high upkeep and if you can't spend money or time in maintaining it, you'll be saddled with high expenses and a dilapidated property that can't be sold for a good price.

The pros

Beach houses are in demand because they serve a dual purpose: that of a permanent residence and a vacation house. Unlike houses located in the suburbs, the city or the country, beach houses provide easy access to the seaside and all the enjoyment that comes with it. You have a readymade area for entertaining guests, playing sports, a natural jogging track and most of all, peace. City sounds are not present.

The biggest benefit, however, has to be the speed and ease in selling beach property. If it's maintained well and necessary facilities like plumbing and electricity and structural integrity are sound, you will find buyers willing to purchase it for the listing price or close to the listing price with a shorter waiting period.

The cons

A smaller drawback, though it may be significant to some, is that beach houses tend to empty out during vacation time. Many dwellers are not permanent residents but tourists so if you plan to make it a permanent home you might feel lonely and isolated. A bigger problem is what seasonal storms can do to beach houses. Since they're situated so close to shore, they sustain damage more easily. Not only is this dangerous if there are children in the house but it's expensive as well and you might have to spend more to keep it secured and if not, pay for repairs.

What to remember when buying a beach house

Despite the disadvantages of beach houses, there are ways to minimize storm threats and high maintenance expenses. Hire a realtor to find property that features flood control systems and sound foundations. If there aren't any to your liking, you'll have to undertake the work yourself once the property has been purchased.

Research major storms in coastal regions and try to pick the least susceptible spot. Not every coast is buffeted with storms so you should be able to find something. A sound beach house is one whose foundations are secure, has foliage dotting the surroundings (to help weather storms), good drainage systems and is located a safe distance away from the shoreline.

You'll also want to check access points the same way you would with any other type of residential property. Schools (if there are children), department stores, the post office, hospitals, and public transport systems should be located within a short distance. Remote areas are fine if the house is intended to be a weekend vacation spot but permanent residency means being able to easily access necessary infrastructure.

If you are looking to invest in beach houses, there are certain factors that you need to consider. For detailed information on beach real estate in Toronto, click this link.