Be it a waterfall, an ocean by the beach, or even fountains, people are obsessed with the sight of the splashes and waves. It also justifies the fascination about waterfront properties among people. A beautiful view of water increases the price of properties, pretty much in every area or region. Thus, it takes some variables to check for getting the best deal on the Seattle waterfront homes.
Factors To Keep In Mind
While you might be dreaming about your dream waterfront property on sale, its sellers are waiting for a buyer to get rid of it. The reason is simple. Living by the water bodies has its ups and downs. Thus, to avoid rookie mistakes and making a worthwhile deal, keep in mind the following points while looking for Seattle waterfront property –
- Inspect the water table to ensure that the basement is not prone to floods. A damp basement is home to a bad odor.
- Check the history of the shoreline to make an estimated purchase. If the water level has been increasing, the area of your property will go down by a few square feet every year. On the contrary, if the shoreline has been decreasing, it can take away the aesthetics of your property.
- Understand the total investment, apart from that of purchasing the property. The Seattle waterfront homes for sale often have hidden costs. The insurance premiums, sewer costs, and even docking fees are higher than usual. Thus, looking at the house from the outside cannot give a fair estimate of the required investment.
- While people confuse the two, there is a difference between owning a waterfront property and owning a shoreline. If you do not own the latter, it incurs an additional monthly cost of $200 and $500 for 20-100 years.
- Know what you expect of the property and act accordingly. There can be two purposes of buying Seattle waterfront real estate. You can buy it as a primary house and live there or keep it only for your vacations. For the latter, you would need to winterize your place to avoid utility expenses. For the former, you will need better clarity on the scope of expanding your property.
- Find the right water type for your property. If you want the healthy salty breeze, go for a beachfront property. If you are into adventures and extreme sports, go for the property by a fast-flowing river. Picking the right water is how to score Seattle waterfront property for sale that lives up to your expectations.
- Get your facts clear about the HOA or Homeowners association. A vast majority of lakefront property owners are also a part of HOA. There is a certain HOA fee and guidelines to follow.
- There are several different types of loans you can get for the purchase, but they are not the same. For instance, if you are a proud owner of DTI (Debt-To-Income ratio) lower than 50% and have a credit score of 640 or above, you can get a USDA loan with 0 down payment.
Waterfront Properties Worth Your Investment
The areas which are undergoing development and construction are your golden ticket for buying the right property. As big players first read the market and then start construction, your job has already been done in such places.
These are the best places to buy waterfront property from, without risking your money –
- Ocean City, NJ
If you are looking for a family-friendly, beautiful resort in the country, Ocean City is your place. If New Jersey seems over your budget, you can look out for Ocean City, Maryland properties for better deals.
- Cape Charles, VA
You can find Seattle waterfront homes for sale in VA at very affordable rates. For vacant lands, prices range between $50,000 to $60,000 an acre. On the other hand, a one-week family stays for four can be found at around $400.
- Vero Beach, FL
Vero Beach has plenty of land up for sale at around $25K for a quarter acre. If you need a 1-bedroom, 1-bathroom condo, you can find one for around $64,000.
- Boca Raton, FL
Boca Raton is a paradise of waterfront properties from single-family homes to condos, yachts, docks, and mansions. You can find your dream Seattle waterfront real estate in one of the nooks and corners of this region.
- Traverse City, MI
It is a great destination for wine tasting and waterfront property shopping with cherry blossom and lush vineyards. The median value of housing units there is $182,300.
- Bluffton, SC
If you want a non-beach getaway, Bluffton is your destination. With 1-bedroom, 1-bathroom condos starting at $100,000, you can own your dream property in the quiet coastal city.
- Cambria, CA
Buying property here is a costly affair as an acre of land costs $125,000. But, if you are willing to spend, it would be worthwhile.
- Anna Maria, FL
The properties are pricey for world-class white-sand beaches and friendly people around, but you can rent a place at $500,000.
- Hampton Beach, NH
If you are into the busiest beach, score Mobile homes at prices as low as $30,000. You can also go for condos starting at $95,000.
- Cannon Beach, OR
It is the most beautiful place having surprisingly affordable properties with 3-bedroom 2-bathroom condos starting at just $83,000.
- Bellport, NY
You can find your dream Seattle waterfront home here with a 3-bedroom, 1-bathroom house starting at $169,000.
- Saint Petersburg, FL
If you like being in the happy sunlight with beautiful landscape around, this is your place. The median home pricing here is $228,000.
Somewhere away from the chaos of the city, beachfront properties make a perfect vacation. But with this demand comes a hefty price too. With the factors mentioned above for getting bang for the buck in Seattle waterfront homes, it can become daunting for rookie buyers and sellers to make decisions. However, you can simply call (206) 419-0065 and get the best deal.