Published date:February 23, 2018
Last updated date:February 23, 2018
By Manny Manriquez
Investing in property tends to be focused on two motives.
The first is the ability to live in, and enjoy the property, including the neighborhood and region you’ve invested in.
The second of course, is the financial return most property owners are looking for. Whether that’s a short term or long term investment, this is a very strong factor involved in property ownership.
Waterfront property often fits within both categories sought while investing in property.
This lifestyle continues to draw increasing amounts of families and individuals. A feeling of freedom, connection with nature, quick access to a slice of water, whether it’s a lake, river, or ocean; all continue to draw people to waterfront property.
For some it’s the feeling of a mini vacation. Whether it’s your weekends with family and friends, practicing a water sport, or simply laying out by the water to soak in the sun, the of these mini retreats are undeniable.
For this reason, waterfront property can be seen as more than a financial investment. It can be an investment in yours and your families health and wellbeing.
Whether you’re looking for a short term gain or keep your property for a long term investment or passive income business, waterfront property can be a safe bet. Even during a turbulent real estate market!
One example of creating a profitable long term investment plan for your waterfront property is through the building of a business on the property. Often centered around tourism, giving people access to your property through a , surfing, fishing, kayaking guides/rentals, or simply renting your property on AirBnB, these passive income strategies can generate other income streams.
If managing/growing a business on your property isn’t for you, that’s alright as well. Keeping the property to yourself while watching the market grow and selling later on in life is worth the wait.
Another aspect of investing in a waterfront property is for retirement.
Many future retirees hope to travel the country or world, but end up finding a nice property and spending their retirement days relaxing. The flexibility of a waterfront property mimicking the travel they had planned to do.
Additionally, waterfront property keeps the family of retirees coming back to visit and enjoy its benefits as well, ensuring the property is an investment focused on more than financial return.
If you’re still on the fence regarding an investment in , give it some additional thought. Consider non-financial returns regarding family, vacations, retirement, and health & wellbeing. Be flexible in how you look at the investment and potential returns.
You don’t want to get to retirement and regret not finding the perfect property to enjoy your well deserved rest and relaxation.Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/investing-waterfront-property-financial-decision/
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