Streamline Your Waterfront Purchase
Picture this: You wake up to the morning golden sunrise while listening to the gentle sound of waves hitting your private shoreline. This is the excitement around waterfront living in Jupiter, Florida— a lifestyle filled with relaxation, endless happiness, and unmatched natural beauty.
As someone who was born and raised in Jupiter, I have seen first-hand the many reasons why waterfront living is in such high-demand and why people travel across the country to buy their home here. If you have dreamed of moving somewhere on the water, make sure that you pay attention to the tips below to ensure there are no issues for your next purchase.
Financial Preparedness: Securing Your Investment
There are two financial considerations that people tend to come across when purchasing a waterfront home. One is the steep price tag associated with these properties especially in Palm Beach County. Because of the steep price tags, many families need to secure financing. Along with the more expensive purchase price are larger expenses meaning buyers who are not paying cash will most likely need to qualify for a jumbo loan. This is important to do far enough ahead of time because approval can take some time and the sellers are going to want to make sure that their buyer is completed qualified or has enough cash to close the deal.
The Realtor: Your Trusted Guide
There are several additional intricacies when it comes to waterfront homes as opposed to landlocked homes. With a lifetime of experience navigating Jupiter's real estate landscape, and several years living in a waterfront home, I know that I bring a wealth of knowledge and expertise that can smoothly navigate you into purchasing your next home.
Understanding Your Motivation: Why Waterfront Living?
It is important to understand what you want in a waterfront home. Do you want it strictly for the views? Are you interested so that you can dock your boat out back? Do you want to have access to a private beach? If you have a boat, there are specific things to consider like dockage, and water depth. If you want a beachfront property, then houses on the intercostal will not be right for you.
Inspections
There is a lot to consider during an inspection period and the list can seem quite vast if you are used to the standard land-locked home. It is almost always a good idea to have the inspector check the seawall, bulkhead, boat life, and dock. You also want to consider shoreline erosion, building codes, setbacks, and environmental restrictions if you ever want to consider construction.
Insurance
Insurance can be way more costly on a waterfront home. There is a lot more property to insure when you consider docks, seawalls, or other waterfront structures. In addition, you will need a unique policy that only some companies are willing to offer. Flood insurance is always a good idea to protect yourself from storms, rising tides, or other flood events.
These tips are not to deter you from moving waterfront but to help aid and guide you in your journey for your waterfront home purchase. There are plenty more things to be aware of so if you are curious do not hesitate to reach out.
Have a good week!
Kyle Camerlinck | Taiter Realty | 561.371.5143 | Kyle@taiter.com
