Seven things buyers should be aware of when moving to a coastal property
For much of recorded history, the allure of the coast has inspired many to relocate to the seaside. Often people won’t look beyond cherished holiday memories of sand and sea air before taking the plunge on moving to the coast. We explore some of the key points buyers should consider first.
Since the start of the pandemic, many have re-considered their lifestyles and sought out a change. For some, this has meant relocating to the coast for a more relaxing way of life.
There are many things to think about when moving to the coast, from maintenance costs to the seasonal changes, so The Coastal House have shared their top tips below.
Higher home prices
Buying a home by the coast is definitely an investment. Whilst you can rest assured that your dream home will keep its value, it also means you’ll be spending more initially when moving in. It’s important to take time to research the best areas and time to buy, this will help you to save a little and maximise your gains if you ever choose to sell.
Higher home insurance premiums
The very thing that makes your new seaside home such a paradise also makes it a much bigger liability. Possible beach erosion, increased wear-and-tear, and storms can only mean one thing: high homeowner’s insurance premiums. Make sure to shop around for the best prices.
One of the biggest concerns amongst homeowners near the sea is the cost of the upkeep that comes with owning a beachside property. The corrosive nature of saltwater, potential floor damage, and expensive insurance threaten to cut holes in your pockets. However, while these are viable concerns, the benefits of living by the coast and investment potential of a beach-front property almost always outweigh the costs.
When you picture a beach, what comes to mind? The scene you pictured is probably one that involves a bright sunny day, hot sand, and rolling waves. Just as often, however, the beach brings heavy rain that can often last for days at a time, as with the rest of the UK. There’s a reason Devon is so green, for example. You may have to worry about things like higher winds. It’s important to keep an eye on the weather so you can stay safe in your new coastal home.
Tourist seasons can change the feel of coastal areas, you have to be aware of how these times can affect things. During the busy seasons, you have to consider that there will be a lot more traffic and the local businesses and beaches are likely to be very busy. However, things can become too quiet for some in the winter. So, it’s important to take the change in seasons into consideration.
In the summer, coastal towns that attract a lot of traffic can see their population exponentially increase in just a matter of weeks. For those who enjoy a little extra excitement, this can be a welcome shift. However, if you just want to escape to your own private corner of your local beach, your options may be thin.
Finally, lots of visitors…
If you enjoy your peace and quiet, you might not want to have friends and family using your home as a hotel all year. Make sure that you set some boundaries from the beginning so that your friends and family know that you’re not their personal Bed & Breakfast, you might need to say no sometimes. However, owning a coastal property is often a great excuse to get all the family together. It can be the perfect place to get together for celebrations and family holidays.
Overall, there are many things to consider when relocating to the coast. As with anywhere, there are pros and cons. It’s important to choose the right estate agent to help you in your decisions, as they’ll have extensive knowledge and be able to recommend the right areas and properties for you, based on your needs.
You can check out The Coastal House’s range of beautiful coastal properties here… The Coastal House