Should you Invest in a Beach Front Vacation Home?

By: Darlene Berkel

For many vacationers as well as real estate investment guru's, the idea of owing a beach front vacation home can be appealing. However, the cost of constructing or buying a beach home makes it prohibitive for most people. Many smart beach vacation home owners actually rent out their beach homes as a way to help offset the costs of ownership, which can add up quickly.

You must consider a few crucial issues before buying a beach front vacation home. One of the major problems you will encounter with beach front vacation homes is the amount of maintenance required due to damage by renters or the environment itself. Whatever you do, do not underestimate the work and money that might be involved. Bear in mind that many beach front homes are right on an ocean beach. The result is that damage from salt water will quickly take its toll on the structure. There is no amount of protection that can save a wood building from the ravages of the weather and in some areas prone to heavy storms, such as hurricanes, the depreciation of the home can come quicker than you would expect.

If you are already the happy owner of a beach home, then you are responsible for looking after it. Make sure it is safely locked up and protected during the winter, and remove any coverings you put in place once the spring comes, ready for the home to be used again. This is really an important part of protecting the value of your investment.

Smaller Homes Are Easier To Maintain

A smaller beach front vacation home is likely to survive severe weather events better than a bigger home, and any damage is more likely to be easy to repair. With a little protection, a small beach front home should be able to survive wind, rain and storms. If not protected properly, the weather could easily damage the home, causing structural damage, and even worse, flooding. If you are buying a large beach front home, make sure you can afford to, and will take the time to, take precautions before the winter.

Make sure you take out a good insurance policy, and, if you are considering renting the home out while it is not in use then you should either spend time vetting the renters to make sure that they will not damage the property, or, at least recruit a property manager that you can trust to make those decisions for you.

Despite the costs associated with owning a beach front vacation home there is still a big demand for them. What if you cannot afford to purchase one yourself? All hope is not lost. You could consider renting from one of the many new owners of such properties, and enjoy the benefits of staying at such a home without the responsibilities. At least, that is what we do, and have the time of our lives while doing it. All the benefits without any of the responsibilities.

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