3 Mistakes to Avoid When Buying Waterfront Properties

Fort Lauderdale waterfront homes will be exposed to more severe weather than regular homes. If they aren’t properly protected, waterfront homes will show signs of wear much faster than regular homes. It is important to make sure that the structure can withstand wear and tear when you are looking at waterfront properties. Protect the structure with storm shutters and stainless steel metal structures.

The location is not fully considered

Many oceanfront homes and condos are chosen for their location. Who wouldn’t want a home on the water? But, many people fail to truly consider the location of their future home. The property’s orientation will affect how much sunlight or shade it will receive. Homebuyers need to know this information. Buyers should also know whether the property’s direction makes it more susceptible to storm damage.

Not being properly insured

Flooding is a common problem with beach real estate. Although structures can be constructed to withstand flooding, potential buyers need to know what type of flood insurance they will require. Buyers who are looking to buy luxury waterfront homes may be required to have certain types of insurance. When looking at properties, this is something to keep in mind.

Uncertain of what can and cannot be done

Fort Lauderdale waterfront properties are popular because of the possibility to use the property for recreational purposes. There are often strict rules regarding what waterfront property owners can do and cannot do. The city might have rules regarding what you can do with your property. Buyers should also be aware of their responsibilities regarding the property if it is owned by a Homeowners Association.

There are many factors to consider when buying waterfront property. Waterfront homes are very popular with 36% of vacation buyers buying property in a beach location. To avoid these errors, it is important to work closely with a realtor.

This post was written by Dayana Susterman Dotoli. Dayana is the head real estate agent for the Tiffany House In Ft. Lauderdale Beach. Dayana has assisted over 150 individuals with buying, selling, and leasing at Tiffany House. The Tiffany House Residences is a 12 story tower,  offers 129 residences, including 1, 2 and 3-bedroom condominiums and townhomes, with exclusive, resort-style amenities and views of the Intracoastal Waterway and the Atlantic Ocean.