In real estate, there are many types of investments available, and one of the most lucrative tends to be waterfront properties. These homes are highly desirable, which makes them a fantastic long-term investment. Santa Cruz beachfront homes for sale continue to demand high prices. Waterfront homes are considered “Grade A,” which underlines their significant investment potential. Whether you’re considering a waterfront holiday home or looking to differentiate your current portfolio, have a look below at the factors that make waterfront properties a good investment.
There’s a High Demand
In most cases, demand highly outstrips supply for waterfront homes. This is especially the case in premium locations. When it comes to Santa Cruz luxury real estate, the vicinity to the sea and beach makes a substantial difference to cost. Homes near the water have stunning views that people are always prepared to pay for a premium for. It is difficult to build new waterfront homes, which means you can expect demand to stay consistent. They also tend to be sold fairly quickly since listings attract a lot of attention.
They are a Good Long Term Investment
Waterfront properties also tend to keep their value in the long-term, and there is a clear trend for increasing prices. Waterfront properties are usually located in a desirable part of a city or town, which makes them ideal for buyers who want to stay in these hot spots. The waterfront lifestyle is luxurious and attractive, which means that these types of properties will always demand attention.
They Offer Flexibility
Whether you’re in search of a second home, a holiday home, or somewhere to lease out full-time to tenants, you can get this done with a waterfront property. Many buyers make the most out of the property by enjoying it during the holiday season, and keeping tenants for the rest of the time. This leads to a consistent income being gained from the property. Unlike other real estate, which can have periods of vacancy, waterfront properties tend to attract significant interest all-year round since residents are fond of the scenic views and the premium location. This type of property can also be a good investment for those simply looking for a second home. It can lead to a boost in capital since it can rise significantly in price in a decade or 15 years. Many see it as an investment to leave for their children.
Securing a Waterfront Property
High demand means that navigating the waterfront real estate market can be tough, especially for an inexperienced buyer. You need to expect fierce competition, which means that in some cases the listing price may need to be outbid. It is a sellers market which means some patience will be required to identify the right waterfront property for investment.
If you’re looking to make the best investment in waterfront property, then you need a specialist real estate agent that can secure the best price for you. There are many excellent, luxury homes for sale in California, and you can rely on my tailored services for an exceptional buying experience. Feel free to call me, Amber Melenudo, on 831.661.5591 or send through an email at amber(at)davidlyng(dotted)com.