subject: Things To Consider When Buying A Beach House Or Lot [print this page] Before buying a beach real estate, be it a house or a lot, it is important to take into account the following: price, location, condition of the tides, population, environment, age of the property, presence of plants, and accessibility.
Buying a real estate like beach house or lot is an investment. However, one has to look into several things prior to purchasing so as not to end up at loss. Here are some things to assess such as:
Price
Most of the beach properties are priced at an expensive rate because of the natural views and its location. Once this area is developed into a resort, it will now become an income generating property. First thing to do before buying a beach house or lot is to have it assessed by an authorized lot assessor to determine whether the value is appropriate or not.
Location
Look at the location of the beach lot. A strategically located property is where all vehicle routes pass by since a nice location promotes good business.
Condition of the Tides
If you purchased a beach lot because you want to build your house there, observe first the tide condition since this will affect you in some ways. During high tide, if it reaches as far as where you build your house, this can easily cause decay of the materials. However, if it is really your dream to have a house near a shore, see to it that the distance of the structure from the water is several meters away.
Population
For people who like to relate assets with business, the number of population in the area should be taken into account. It is just like conducting a feasibility study prior to investing. Since what you want is revenue, be sure that a large number of possible clients are present within the area.
Environment
One thing to consider that is also an important aspect when choosing a beach resort is the environment. Never settle for a cheaper lot whose surrounding is unsafe due to the presence of bad elements like thieves, drug addicts and even beggars. This will make your area look despicable; therefore, potential clients will be lost.
Age of the Property
Sometimes it is of an advantage to purchase a lot, which already has a structure on it. This would save time if you are in a hurry to transfer to your new place. Value for your money is also obvious if you bought house and lot because all you need to do is a little renovation instead of starting from zero, which would mean expensive cost of materials. However, you must also inquire how long it has existed, so that you will know how strong the foundation of the house is. Remember that the presence of oxygen can turn an iron material into rust; therefore, can knock down a thing in no time.
Presence of Plants
Presence of foliage is an indicator of a good water condition. It means that the water does not reach the property; therefore, will not hinder growth of plants. Since the tide can cause soil erosion, eventually it will destroy the plants. The more plants in the area, the better the aeration will become.
Accessibility
Accessibility counts a lot. Availability of various modes of transportation is a must in every tourist destination. How can a potential customer get to your place in the absence of a vehicle? If your preferred place is not accessible, you need to think of a strategy to bring your guests to the place. This may include provision of a personal van to and from the area, or hiring a tourist bus for the visitors if applicable.
