Buying a waterfront property on one of Central Florida’s beautiful beaches or lakes is the dream for many people, and it’s actually much more achievable than you think. While many assume a waterfront home is a major luxury, it’s actually a smart investment that can improve your overall quality of life.
If you’ve been considering beach or lakefront living, make sure to consider the numerous financial and health advantages associated with a waterfront property when making your decision. Here are five of the top benefits:
1. Supplemental Income
It’s easy to create a supplemental income stream from waterfront property. Because they’re always in high demand among vacationers, it’s easy to list your beach or lakefront property on Airbnb or another rental listing website when you’re not using it. If you really want to make the income passive, hire a property management company to manage reservations and guest turnover. Revenue generated by renting out the home can help make purchasing the property more affordable or create a semi-passive income stream.
2. Strong Appreciation
Waterfront properties are almost always in high demand, so they typically appreciate faster than other properties. There is a finite number of waterfront homes, which means they have great resell potential. Of course, the appreciation rate is highly dependent on the location of the property and the property itself. If you’re looking at a waterfront home from an investment perspective, you’re more likely to see a greater return down the road compared to a regular inland property.
3. Water Activities All Year Long
If you love sailing, kayaking, boating, surfing, or swimming, living near water gives you the ability to enjoy your favorite hobbies whenever you’d like. Gone are the days of traveling hours to your favorite beach or lake spot. When water is in your own backyard, you can spend much more time enjoying the activities you truly love. This often translates into more exercise and more time in the sun.
4. Health Benefits
Never underestimate the impact a waterfront home can have on your mental and physical health. Living next to water is peaceful and helps create a “blue mind effect”, a term that describes the tranquil state of mind people achieve when living next to water. This state of mind can eliminate stress, which can have a positive effect on your mind and body. People living near water (especially the ocean) also tend to get better quality sleep. Good sleep plus less stress equals a stronger immune system.
5. Wildlife And Scenery
Waterfront properties often offer spectacular views and a wide array of wildlife. Whether you enjoy watching the sunrise/sunset or birdwatching, a waterfront home allows you to immerse yourself in wonderful natural scenery. Living in a beautiful place can give you more energy and decrease stress.
How A Central Florida Real Estate Agent Can Help
Deciding on the right investment property can be challenging if you’re not working with an experienced real estate professional. Additionally, purchasing an investment property or second home is a bit different than buying your first home. A good real estate broker, like Palmetto Realty, can help you navigate these complexities. Here are a few benefits to partnering with Palmetto Realty to find the perfect waterfront property:
- We Know The Area – From Daytona Beach to DeLand, we’re not only very familiar with this area, but we’re also up to speed on all the local real estate trends.
- We Have The Experience – We have several years of experience evaluating waterfront properties and negotiating favorable deals on behalf of our customers.
- We Have Resources – As one of the top real estate brokers in Volusia County, we have a large network of contractors, inspectors, appraisers, and more. We can recommend a high-quality service provider to fulfill any need.
- We Can Help You Achieve Your Goal – Whether your primary goal is maintaining a second vacation home, generating income through a rental property, or both, we can help ensure you’re purchasing the right property for your personal goals.
Waterfront properties not only serve as a relaxing leisure destination for your friends and family, but they’re also a fantastic vehicle for building wealth. Buying a waterfront property on one of Central Florida’s beautiful beaches may seem like a pipe dream, but it’s much more attainable than you think. If retiring with waterfront property is your goal, we can help make it a reality. Contact us at Palmetto Reality today.