If you are in the property market for a beachfront villa, of course its location would be of prime importance to you. There are several advantages and disadvantages of owning beachfront villas, so think well before you take the decision to buy one.
Why people want to buy beachfront villas: People who enjoy water sports, especially swimming, like to live near the water. They are willing to buy beachfront villas or rental villas and treat it like a holiday home. Children also love to watch the waves come in and enjoy being splashed. Beachfronts also offer scenic sunrises and sunsets, which most people die for.
Advantages of beachfront villas:
· Owning a home by the sea gives one the opportunity to relax and enjoy beach fun right through the year.
· As investments, they are perfect, whether you choose to buy beachfront villas and use them yourself as a weekend getaway or for holidays or rent them out as rental villas.
· Beachfront properties usually fetch a higher price per night rather than properties around them. Of course, there are various factors that impact the value of beachfront properties, such as the size of the villa, its present condition, the view it offers, the beach it faces, etc. Your real estate agent will know its current value and help customers decide if their rental villas will give them a good income.
· Beachfront properties appreciate faster than properties not on the beach.
Disadvantages of beachfront villas:
· Often it happens that a particular property is ideal as a vacation rental but is inappropriate for a home. That’s because its location is such that it’s in a busy part of town, which means noise and traffic for you.
· Rental villas on the beach are risky in terms of climatic conditions. So, if the beach is hit by a storm or a hurricane and cause damage to the villa, it will not be covered under insurance because destruction to certain beaches is such a recurrent event that insurers do not cover them anymore. So, any loss you incur on a beachfront villa is yours.
· Being on the beach causes homes to be eroded due to the huge waves that come in. The waves erode the soil from below the villa’s foundation and weaken the piers and footers. This weakens the structure of the house and it soon loses in value.
· These villas need more maintenance than normal homes because they are directly exposed to sand, salt, humidity and strong winds. As a result, the doors, windows, roof and heat pumps have a short lifespan and need replacing from time to time.
So, think well before you take the plunge and invest in a rental villa. Speak to real estate advisors and let them give you the real picture. Of course, once you locate the one you want, whether you buy it for investment purposes or to rent out, you stand to enjoy all the benefits associated with ownership of your very own beachfront villa.
