Imagine yourself waking each morning to the sound of crashing waves, or strolling down the beach right outside your back door. Who would not love to spend time on the oceanfront? When you eliminate the worries of city life and add the abundant amenities of living on the beach, every day feels like you are on a vacation.
Pros
The cost of maintaining an oceanfront investment property is less, simply because you do not have to deal with constant upkeep of a lawn or garden. The majority of the time, it is acceptable to include the cost of yard maintenance, building maintenance, sewer, water, trash, insurance and pest control included in the monthly rent. This makes it easy for you to simply sit back, collect money and pay bills; all the while money continues to roll in from your investment.
Oceanfront properties are in great demand because more and more people are choosing these properties to get away from the time and expense of outdoor maintenance. Oceanfront properties are ideal for the investor who is looking for an easily accessible vacation or second home. When your property is not occupied by paying tenants, you continue to benefit from your investment by using it yourself.
Cons
Prime oceanfront investment properties can be quite costly. However, there are still a few reasonable properties available along the coast. Properties with the best amenities typically rent out most frequently or sell the quickest. In addition to pool access, tennis courts and fitness centers, other luxuries that attract renters are boat docks, security gates and fashionable clubhouses.
Oceanfront investment properties may be a goal to work toward if you are just starting out in the real estate market. Once you have the financial capabilities to put your money down on an oceanfront property or two, be prepared to earn a significant amount of money.
Property Options Australia
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Hi Sean,
I’d love an oceanfront investment property. I’m sure it would be very expensive to get into but it would also be a dream to own or rent out. People would beat a path to your door just to get their hands on it.
Great article on oceanfront investment property. In the list of cons I might add accelerated deteriation due to salt and weather, and in the pros list i would add ‘more fun’.