5 Perks That Will Make You Want to Buy Waterfront Property


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by Caroline Kirby

Living on waterfront property is a dream many people have, they imagine themselves enjoying their morning coffee on a deck overlooking a lake or walking out their front door for a quick stroll down the beach. Even if this isn’t your dream, it may be somebody else’s, and that possibility is what leads us to make our point that waterfront property is a good investment.

Here are some of our top reasons for buying waterfront properties.

5 Perks that Come with Waterfront Property

  1. Prime Investment: Why may you ask is waterfront property such a good investment? Because it’s scarce and if you’re one of the fortunate people to secure land on the water you’ve joined an exclusive club. It also comes with excellent resale value and the potential to rent!
  2. Access to Cool Activities: Have you been itching to spend more time outdoors? You won’t have any excuse now. Being on the water gives you instant access to fun activities like swimming, kayaking, boating, etc. And bonus points if you’re already an avid fan of these activities because you’ll actually be saving money—say bye to storage and club fees! Now you can practice in your own backyard.
  3. Good for your health: Apart from the benefit of having tons of activities readily accessible, being near the water also offers you better air quality. Properties in open spaces on the water have less environmental air contamination, especially if you’re comparing to the quality of air in the city. Additionally, you’ll likely experience less stress when you’re in a calmer atmosphere than the daily hustle and bustle of suburban or city life.
  4. Incredible Views: This perk is typically at the top of most people’s list. Depending on where you are you will be able to see a beautiful lake, the open sea, or even a wildlife reserve from your home! You may also be lucky enough to have a secluded property and have the added benefit of privacy.
  5. High Demand: Waterfront properties are in high demand meaning if you ever want to rent or sell your property finding a buyer likely won’t be difficult. As we mentioned before waterfront properties are scarce and there are always people looking.

Are you convinced? If you’re ready to start searching for your waterfront property here are a few suggestions. Have a waterfront property you want to sell? We can help with that too! Choose your listing plan here and start posting on LandHub.com.

2 Great Waterfront Properties Worth Looking At

Whether you’re looking to buy, sell, or both we can help! Browse all waterfront properties or check out our listing plans!

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Investing In Waterfront Property: More Than A Financial Decision



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.

Waterfront Property Lifestyle

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 mental and physical benefits 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.

Financial Return On Waterfront Property

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 Bed & Breakfast, 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.

Retirement Property Worth Investing In

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.

Conclusion

If you’re still on the fence regarding an investment in waterfront property, 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.

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How Valuable is an Investment in Waterfront Property?


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by Bella Scotton
Photo Courtesy of Renatures.com

If you are looking at buying your property from an investment point of view then you may want to take a look at waterfront property. If your concept is to buy property just to suit your personal living purposes then you can still strongly consider water front property but not with as much focus on what your ROI will be if you decide to sell it.

Buying This Property for Retirement:

If your intent is to spend the rest of your years in a wonderful atmosphere then residing by a body of water certainly will be a great choice. You won’t be as concerned about the resale value.

Buying This Property for Investment:

If resale value is your priority it may still mean that you want to live at your water front property but you want to know that you are going to get good resale value if and when you decide to sell it. If this is the case, then you want to put some expectations on this type of property.

  • You want the weather to be good so you can enjoy the water features as much as possible
  • You want to be able to purchase this property now at an affordable price
  • You want the environment to possess all of the amenities and be a safe place to live and perhaps raise a family.

These are not only what your expectations should be, but they are also excellent resale features.

This now takes you on a journey to find a beach front property that meets this criterion. At the same time keeping in mind what the resale value may be for the future. Also, you need to consider whether you want to buy property that is actually right on the water front, or would you be satisfied living in a beach town?

How to Analyze:

When you are looking for a waterfront property keeping in mind its future worth, you want to look at the trends that have taken place in the past.

For example:

You could currently purchase a lakefront lot in Hillsdale Michigan for $35,000. The average home in Hillsdale county sells for around $116,800. Water front property typically has a higher value.  If you compare this to what has happened in the last five years within this area in the general housing market you would note in 2013 the average housing price was $87,600.

If Wisconsin appeals to you then a good example here is a one-acre piece of property with a cute little house on it that has a wonderful natural environment to it on the waterfront. It is currently selling for $139,900. Looking back to 2013 for the average home sale in Wisconsin it came in at $141K and as of January 2017, the average sale was $162K. So as you can see when you shop around carefully there are some excellent deals to be found.

Actual statistics are always very slow to come out in any industry and the same can be said about Real estate. However, real estate always seems to go through the same cycles where the markets are hot then cold. With investments, you have to watch your timing. This means that if you are going to buy your water-front property with investment purposes in mind then you will only want to sell when the market is hot.

In late 2014 on a nationwide basis water-front properties were considered to be worth double the value of all the homes.

Traditionally the most expensive areas for this type of property has been…

Considered to be the cheapest were…

For a single family water front home in 1997 the approx. value was just over $150K then as of 2015 it rose to approx. $370,900.

Compare this to a single family home that was not water front and in 1997 it was $100K and then rose to $171,600 in 2015.

As you can see the rate of increase in value was not nearly as strong in the non water-front properties.

The one thing to keep in mind with your water-front property investment is that there is only so much of this type of property as there are only so many bodies of water. This is another factor that keeps the water-front property at a premium.

Sources:

Zillow.com

zillow.com/research/whatiswaterfrontworth-7540/

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Will Climate Change Affect Oceanfront Real Estate Sales?



by Jeanne Roberts

The house is well-built, attractive inside and out, on a decent-sized lot, and affordably priced for its quality, size, and location. The fact that it is also located less than 100 feet from the Pacific Ocean, in sunny California, seems like a bonus factor!

The same should be true for anything along the Atlantic Coast, or along the Gulf of Mexico, but is it? A recent article in the New York Times suggests that real estate agents taking on coastal properties should first check the distance to the water before they start counting their sales commission. Because – and this is something you would never have read or even heard of a decade ago – climate change may swamp that potentially lucrative sale. Perhaps even before the ink on the contract is dry!

East Coast Hurricanes

Yes, that is (still) an exaggeration, and oceanfront properties continue to sell, but no longer like hotcakes. A house on the beach is incontestably an expensive proposition, and buyers wealthy enough to afford one are also smart enough to be aware of a changing climate.

This climate change, aka global warming, has already threatened places like Florida and North Carolina with higher storm surges and fiercer hurricanes – storms that wreak their havoc at greater and greater wind speeds. In fact, scientists calibrate this increase at about two miles per hour per decade, or six mph from 1982 to 2009.

Think six mph isn’t a very big deal? The wind speeds of a category 3 hurricane are only 14 miles faster than a category 2!

Hurricanes aside, climate change alone predicts a six-foot rise in ocean levels by the end of the century. This estimate, based on date from the National Oceanic and Atmospheric Administration (NOAA), will flood 1.87 million American homes valued at $882 billion dollars, and at least half of them are in Florida.

That’s a lot of real estate under water, and we don’t mean inflated mortgages.

West Coast Ocean Rise

Fortunately, California, Oregon and Washington don’t have hurricanes.  This is because hurricanes that form in the northern hemisphere tend to travel in a westerly direction toward the North Pole. In addition, the Pacific is a colder ocean than the Atlantic (by roughly 10 degrees Fahrenheit), and cooler water temperatures don’t provide the thermal energy needed to sustain a hurricane.

This doesn’t mean that Los Angeles, San Francisco, and Seattle are flood-proof, however, just that a rising Pacific Ocean will flood them gradually rather than catastrophically. This is like a doctor diagnosing a very slow-growing cancer. More time to prepare for the inevitable, but the end result is the same.

Sea Levels Continue To Rise

As the U.S. Environmental Protection Agency, or EPA, notes, sea level rise, after almost 2,000 years of little or no change, has been confined entirely to the 20th century. The degree of rise before 1993 was 0.06 inches per year, and has since doubled, to more than 0.118 inches (3 centimeters).

The rise is not uniform, of course. Sea level in certain areas has fallen, and regional land use patterns tend to affect levels, as do various other climactic events. The collapse of the West Antarctic ice sheet could, for example, raise Atlantic Coast levels by about 11 feet. Greenland Ice melt could double that. A large volcano could send ash for hundreds of miles, darkening the ice and slowing melting. The fact that we are now in a warming period between ice ages also comes into play, and sea levels could even go down – providing we can peg human-caused climate change and carbon dioxide levels to no more than 2 degrees Celsius.

Rising waters are also related to actual water-temperature changes (and dying coral reefs, as is currently happening).  Water expands as it warms, which means very bad news for coasts around the Atlantic Ocean – not just New York, New Jersey, Delaware and Maryland, but also parts of the United Kingdom, France, Spain, and Italy. Taking one’s real estate business, or money, overseas will not help at all, except as protection from an El Nino, which can raise Pacific Ocean surface water temperatures by five degrees or more.

Trumping Climate Change and Sea Level Rise

Enter newly elected President Donald Trump, and the very science of climate change seems to be called into question.

Trump has in fact signed an executive order that may alter, or eliminate, some of the carbon emissions’ rules on power plants, and fossil fuel production setbacks that have cut jobs in the energy industry.

However, Trump’s move may not be as dictatorial and dangerous as opponents argue. In reality, what real estate mogul Trump’s orders actually do is prohibit the EPA from “proposing, finalizing, or disseminating regulations or assessments based upon science that is not transparent or reproducible.”

On its face, the order seems like an eminently sensible approach to a hugely divisive subject, and even environmentalist do not expect an immediate assault on either it or the climate-science probe beginning in the House Science Committee on Wednesday, March 29.

Moreover, as the Economist notes, the order may have even less impact than environmentalists suggest. After all, it was never properly implemented in the first place.

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Buying Waterfront Property? Your Due Diligence In A Nutshell


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by Jeanne Roberts

You have reached the magic age of 67. Maybe you are thinking of using your IRA or other retirement fund to buy waterfront property along one of the three seacoasts in the United States: Atlantic, Pacific, or the Gulf of Mexico (the Gulf is really just a semi-landlocked part of the Atlantic Ocean).

Get in while the getting’s good, advises a 2017 report from the REALTORS® Land Institute and the National Association of REALTORS® Research Department. But choose well. For example, Texas is always a good option, as are Florida and Louisiana.

If you prefer the East Coast, you could choose beautiful North Carolina, with its four separate ecospheres – Outer Banks, Atlantic Coastal Plain, Piedmont Plateau, and Appalachian Mountains. Or you might like New Jersey, Massachusetts, Maryland (yum), or Maine (ayuh!).

The Pacific Coast offers almost every type of climate and terrain one could want, from the cool, foggy, intensely green slopes of Alaska and Washington State, through Oregon, and down to Southern California, with its dry, rocky terrain and subtropical climate.

Just don’t forget to buy flood insurance. Barring that, choose something farther inland, because polar ice is shrinking, and even the most optimistic researchers agree that sea level rise can’t be far behind.

The most recent reports from researchers suggest that the world’s oceans are covered by the least amount of floating sea ice since monitoring began (in the 1970s). This also means that said ice is at the lowest level it has been for thousands of years.

In the Northern Hemisphere, near the Arctic, sea ice has reached another record low. This will be the third consecutive year, and no surprise based on October and November (2016) Arctic temperatures that were an unimaginable 36°F warmer than normal.

Reports from Antarctica tell of a crack in the ice that has grown from its 18-mile length in 2015 to more than 100 miles long today. In the last two months alone, it grew by 17 miles, and scientists infer from the remaining 20 miles holding the berg to the mainland that the “calving”, when it occurs, will free a chunk of ice the size of Delaware.

No big deal, note scientists, because berg ice floats. More important though, is the fact that this calving leaves the glacier behind the iceberg free to flow into the ocean, and that could cause catastrophic sea level rise. Because glaciers, which cover the continental land mass, are made up of very dense, compressed ice with few air bubbles and a quantity of rock and soil called glacial till. This is heavy stuff, in more ways than one.

The New York Times recently published an article on coastal real estate, noting that buyers have finally begun to focus on important climate change issues like: how far is the property from the water’s edge; how many feet above sea level is it; is it buffered against storm surges; and does it have emergency power supplies and attached sump pumps.

But economists argue this climate change due diligence needs to be speeded up, because the oceans are rising and one really bad storm surge could collapse the entire waterfront property market – a burst bubble that would potentially exceed the dot-com and real estate bubbles of 2000 and 2008 respectively.

In fact, an entire swath of coastal properties, from Texas to New Jersey, is at risk of being swallowed up – if not by rising seas, then at least by the dawning realization that Mother Nature is upset. Moreover, She doesn’t play favorites, and – as one pundit noted – “The water always wins.”

If you must buy waterfront property, find out from your lender or your real estate agent if the property in question has ever filed a claim based on storm surges like Hurricane Katrina, or coastal inundations (like Florida’s King Tides). Then purchase your flood insurance accordingly.

If you still insist on buying, consider defending yourself. If you live in a storm surge or coastal inundation evacuation zone, prepare a flood emergency action plan, your own, individualized evacuation plan, and put together a disaster supply kit. You can live with the epithet, “prepper”. You might have more trouble with the designation “homeless”.

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