Fort Lauderdale, a gorgeous city boasting seven miles of beaches on the Atlantic Ocean, is a tourist haven and popular choice for those interested in buying real estate in Florida since its incorporation in 1911. Featured in the 1960s film Where the Boys Are, Fort Lauderdale has solidly affixed itself as a spring break destination, though more than 160,000 have chosen to make it a permanent home.
Home prices in Fort Lauderdale are almost half what they were in 2005 at the market’s high point. As a result, cheap waterfront property is much more readily available than it was even ten years ago. Waterfront property management real estate teams are constantly showing and selling homes to buyers who would ever have been able to own Fort Lauderdale waterfront property a decade ago. The key is to find a realtor who knows how to find cheap waterfront property and help you make a successful offer.
When sorting through cheap waterfront property, however, it’s important to know what you should be looking for.
What to Look for in Cheap Waterfront Property
- A real estate agent who specializes in waterfront properties. An average agent won’t have detailed knowledge about waterfront properties in the area to help you find the best deals.
- Consider the property more than the structure itself. Take note of the swimming quality, view, access to the water, and privacy.
- Look for a property that fits your lifestyle. For example, if you love deep sea fishing, don’t look at properties that are a half hour from the ocean.
- Be sure that the structure can withstand the elements. Waterfront homes, especially those in hurricane-prone South Florida, take more abuse from the weather than the average home. Look for storm shutters and stainless-steel locks.
Though cheap waterfront homes are great investments, they can’t be purchased without plenty of consideration. Be sure that you’re familiar with the loan process, insurance obligations, utilities, and government regulations about alterations. Purchasing a waterfront home is a major commitment and one that should be taken very seriously. More can be found here.