Three important things to consider before buying a beach house! It’s easy to imagine buying a beach house, especially when you are in the moment and enjoying a relaxing beach escape.
This explains why real estate agents in beachside locations are often run off their feet during peak holiday seasons.
But is buying a beach house really a good idea?
Here are the top three things we think you should consider before taking the plunge!
1. Can you afford to keep two homes? Council rates, land tax, maintenance (including gardening) and utility expenses all add up. It’s important to factor these things in when planning your budget.
2. Will you rent your home to others? If you decide to rent your beach house to try and recoup some of your hard-earned money, consider the time needed for administration, costs to keep your place ‘market competitive’ and other risks involved with leasing to people you don’t know.
3. If your main goal is to ‘buy in’ as part of a long-term property investment strategy, you might find better value for money elsewhere.
At Settle Easy, we recommend you take your time. It’s easy to get caught up in the moment of a perfect summer holiday. Why not visit the area at different times of the year and really get to know your beach destination before making your final decision? It’s a big investment – we just want to help you make the right decision.
If you are in the market to buy a #beachhouse Settle Easy will make the conveyancing part of your property journey as simple as possible. Our user-friendly online conveyancing platform and experienced conveyancers will help you every step of the way to ensure you settle easy. If you enjoyed our article about, Three important things to consider before buying a beach house? Consider getting in touch to learn more about Settle Easy.
For more information call 1800 88 66 88.