The New Normal: A Strong Housing Market Expected to Continue into 2021 “2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its
6 Things to look for when buying a waterfront home
Dated: February 21 2020
Florida is home to many waterfront properties, although if you plan to purchase a home on the water it’s important that you know a few things to look out for. For one, the inspection process is unique for waterfront homes compared to non-waterfront properties.
There’s a chance that you could own part of the water, that’s where a land survey comes in handy to determine exactly how far your property extends. This will let you know if you are responsible for the seawall or any other construction on the beach or close to the water.
3. Use and depth of water
Waterfront properties must be covered in three distinct areas: a wind policy, a flood policy, and a general hazard policy. In some cases, a property may not be in a flood zone even if it is waterfront so flood insurance may not be “required” . However, it is Florida and it is always a good idea to have flood insurance.
Talking to neighbors is a great way to gain information about all of these things and more.
Coastal Home Team is here to help you with every aspect of purchasing a waterfront home in Florida. Contact us today to get started finding your dream home!
Lourdes Sliwa , the founder of the Coastal Home Team, has been helping sellers get top dollar for their homes since 2009. Her listings sell at an average of 28 days at 97% of asking price. Her past e....
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