Tip #11: Buying a home on the water
The beautiful thing about making a decision to live on Floridaâ€™s gulf coast is the number of bodies of water around that exist. Buying a home on the water in the Southwest Florida area can be one of the best investments youâ€™ll ever make. With Fort Myers Beach, Vanderbilt Beach, Sanibel & Captiva Islands, the Caloosahatchee River, and manmade canals and lakes all within 40 miles of the central
Southwest Florida area, buying a home on the water was never so available.
Certain water bodies are more desirable than others. It is important to assess pricing in comparison to location. Cape Coral, for example, has many properties listed as waterfront or gulf access, yet it can take up to an hour to get to the gulf by boat in most cases. Wastewater runoff and leftover septic tanks from homes that have paid the water assessments are also things that make purchasing a home on a canal less than appealing.
Buying a home on the waterfront or canal in Cape Coral can run from $200,000 to $600,000 depending on the size of the home. Fort Myers real estate on the Caloosahatchee River can range from a few hundred thousand to a few million dollars, while beachfront property can go into the multimillions in places like Sanibel and Captiva. If a beachside mansion doesnâ€™t quite fall into your budget, consider purchasing a beachside condominium or purchasing a home with quick and easy access to the beach.
The amazing thing about the Southwest Florida area is literally everywhere you go, you can access the water in no time at all. Inexpensive houses can be found in central locations with close access to amenities and minimal beach traffic. Youâ€™ll be laying on the beach, enjoying the Florida sun in no time.
Buying a home on the water (whether you are a first time home buyer or a seasoned property owner) can be slightly more complicated than purchasing a regular new or used home. Extra insurances must be secured for protection against floods and hurricanes. Ensure that your buyerâ€™s representative knows the area and can educate you completely about the risks and rewards of purchasing a home on the water.
Contact us for the expertise you need in purchasing your waterfront home.
12 Tips to Buying Real Estate in Southwest Florida
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