Tips to Consider Before You Buy Beachfront Properties
May 28, 2018
As one of the most beautiful destinations in Australia and with miles of beachfront, the Sunshine Coast is one of those premium destinations for buying the perfect and idyllic beachfront property. If you are a discerning buyer, then you are most likely looking for something more than just a simple beachfront property. You will be looking for certain qualities in the land you plan to buy. Beachfront or canal lands on the Sunshine Coast generally come with lots of challenges so it is important to evaluate your options carefully before you make your plans to buy courtyard land Caloundra lots for sale.
Beachfront is King
This is conventional wisdom in the real estate market. Having beachfront properties gives great lifestyle and a great investment that will appreciate in value indefinitely. Because these properties generally offer prospective homeowners a great view as well as a great lifestyle with close proximity to the waters, land for sale Sunshine Coast offers are some of the most coveted in the market. If you are planning to invest in premium villa land Caloundra offers, you can always expect to pay much more than someone who is investing in “landlocked” lots. You are not just buying a piece of property, you are buying into a great lifestyle, which is always luxurious and is the very definition of good living.
According to Knight Frank, the UK-based real estate consulting firm, luxury waterfront homes generally cost 63% more than other comparable properties which are not based on the waterfront. But price is just one of the considerations if you are looking for premium villa land Sunshine Coast market offers. There are other factors that you will need to factor in. These include considerations such as the following:
If you are taking a 25 years mortgage for the purchase of your property, you will surely be looking at buying a property that will last as long. That means you avoid areas which are prone to natural calamities such as storms, the shifting shorelines and hurricanes which can wipe out your investments. One of the advantages that you get when you buy courtyard land Caloundra properties is that you do not have to worry about these risks.
What is the Extent of Your Ownership?
This is the other key consideration that you need to look at when you are planning to buy courtyard land Caloundra offers. Beaches are typically owned by the state and buying a beachfront land may entail obtaining a lease from the state government. For clarification on this, you can contact your real estate agent in the Sunshine Coast before you make the commitment to purchase the land.
What is the Rental Market Like?
In many cases, you will not be staying permanently at your Sunshine Coast beach property and it might be economical to rent it out to tourists for the duration you will not be staying here. This will generate extra revenues and help you in offsetting the cost of the upkeep as well as the mortgage. Buying your beachfront properties in areas which are frequented by tourists is always a great investment idea.
Is the property accessible?
Look at the accessibility of the property and whether it is easily reachable via main transport networks including the waterways. This is the easiest way in which you are going to recoup your investments in the property over the short term.
What is the cost of management?
You would not want to invest in beachfront property which is going to cost you a fortune to maintain. As a result, it is advisable to establish the cost of maintenance in the locale before you invest your money.