Pros and cons of moving near water
For many people, buying waterfront property is a lifelong dream. Living near water is an attractive lifestyle and an undoubtedly appealing real estate investment. This type of property purchase offers buyers a permanent vacation home they can either use occasionally or occupy full time. Moving near water has its many advantages, but there are several disadvantages as well. Although moving near water may be a no-brainer, we have created a list of the pros and cons of moving near water to help you make the right decision.
- One of the biggest benefits of living near or on water is the phenomenal views you will get to wake up and fall asleep to each and every day. There is nothing better to start or end your day with than the sounds of water and breathtaking views.
- Since properties near water are in limited supply, homes are more desirable and hold an overall higher property value than its land counterpart. Of course there are exceptions, but for the most part, waterfront properties are considered low risk investments.
- Whether you live by the water full time or just go there to get away from it all, living near water will certainly provide you with the peace and quiet you crave. Waterfront or near water properties offer a high level of privacy, with neighbors few and far in between.
- The closer you get to water, the less pollution and overall better air quality. This is a huge benefit as it is no secret that clean air is fundamental for the health of human body.
- In addition to health benefits, living near water is an automatic mood booster, providing you with a sense of tranquility. Moving water gives off negative ions, helping to increase the flow of oxygen to the brain to help combat drowsiness, depression and stress.
- Living near water gives you the opportunity to enjoy an abundance of water activities. There’s sailing, boating, fishing, kayaking, wakeboarding, skiing, and much more. Overall, water activities can lead to a healthier lifestyle as well.
- One of the biggest concerns of living near water is the growing exposure to natural disasters. Waterfront properties carry a high risk of being invaded by hurricanes and tropical storms, susceptible to flooding and wind damage. The sea level is also rising, and it wont just impact housing, but also the infrastructure and economies of waterfront communities, entirely.
- General maintenance on a waterfront property can also be more costly. The humidity, mist, and elements not only impact the grounds and exterior of a waterfront home, but also the appliances and furnishings inside.
- Due to the sensitive nature of waterfront homes, you can expect to pay an overall higher insurance premium. Areas that see a lot of storm can expect to pay even higher for their homeowners insurance. There are different types of coverage available when purchasing waterfront property, research them carefully.
- Pesky insects, such as mosquitoes, almost always surround waterfront homes, which can be a major nuisance. Depending on location, reptiles like alligators and snakes may also be natural inhabitants nearby.