{"id":2661,"date":"2019-07-09T16:05:49","date_gmt":"2019-07-09T23:05:49","guid":{"rendered":"https:\/\/propy.com\/browse\/blog\/?p=2661"},"modified":"2019-07-24T06:44:42","modified_gmt":"2019-07-24T13:44:42","slug":"pros-and-cons-of-purchasing-a-home-by-the-waterfront","status":"publish","type":"post","link":"https:\/\/propy.com\/browse\/pros-and-cons-of-purchasing-a-home-by-the-waterfront\/","title":{"rendered":"Pros and Cons of Purchasing a Home by the Waterfront"},"content":{"rendered":"\n
\"Pros<\/figure>\n\n\n\n

Whether it is a house in the Hamptons or a cabin on a\nsecluded lake, waterfront property is often seen as a step up from other types\nof real estate. Though these homes tend to cost more than comps in the city or\nsuburbs, proximity to the water can mean lifestyle and recreation options that\nare not available to residents who live inland. It is a tradeoff.<\/p>\n\n\n\n

The Pros of Purchasing a Home by the Waterfront<\/h3>\n\n\n\n

There are reasons why folks flock to the beach in summer.\nThe air is fresher, and the temperature is usually cooler than urban centers,\nwhich can become stifling in July and August. In addition, spending time at the\nocean or a lake offers opportunities to tan, take a boat out, and practice\nsports that cannot be done in town.<\/p>\n\n\n\n

Owning real estate by the water means waking up to the sound\nof gentle waves on a year-round basis. Unsurprisingly then, waterfront real\nestate tends to jump in value more quickly than other properties. It is also\neasy to rent a beach or lakefront house as there are always vacationers,\nespecially in summer. In other words, living by the sea or a lake is not just a\nboon to one\u2019s health. It can be a wise investment, too.<\/p>\n\n\n\n

The Cons of Purchasing a Home by the Waterfront<\/h3>\n\n\n\n

That said, buying a place on or near the water does carry risks. Climate change<\/a> could soon erase swaths of beachfront real estate. Even if this fate is avoided, owners must still contend with higher maintenance costs than they would face in the city or suburbs. Humidity, mist, and other elements can chip away at a home\u2019s exterior, and weather events like hurricanes<\/a> or lake-effect snowstorms can cause thousands of dollars in damage.<\/p>\n\n\n\n

Then, there is the issue of demand. The very force that\ndrives up the value of beach or lakefront property brings neighbors with kids,\npets, and guests, as well as tourists looking to party.<\/p>\n\n\n\n

The Bottom Line<\/h3>\n\n\n\n

Purchasing waterfront real estate<\/a> may be a terrific long-term investment, and living on the water offers a range of lifestyle benefits. However, as with any significant financial decision, it is important to weigh the drawbacks, which include climate change, high maintenance costs, and noisy neighbors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Whether it is a house in the Hamptons or a cabin on a secluded lake, waterfront property is often seen as a step up from other types of real estate. Though these homes tend to cost more than comps in the city or suburbs, proximity to the water can mean lifestyle and recreation options that… Read More »Pros and Cons of Purchasing a Home by the Waterfront<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[19,22,20,21],"tags":[8106,100,27,124],"yst_prominent_words":[7383,8090,453,924,380,338,8089,339,8088,3575,2327,1837,419,3312,8085,374,6347,3856,1032,8087],"class_list":["post-2661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homebuyers","category-investors","category-owners","category-sellers","tag-homebuying","tag-property","tag-real-estate","tag-tips"],"acf":[],"_links":{"self":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/2661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/comments?post=2661"}],"version-history":[{"count":0,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/2661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media\/2655"}],"wp:attachment":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media?parent=2661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/categories?post=2661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/tags?post=2661"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/yst_prominent_words?post=2661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}