Wednesday, June 16, 2021

Real Estate

3 Considerations for Coastal Real Estate

Do you ever dream of leaving behind the concrete jungle or landlocked plains for a life surrounded by the sweet lull of the ocean? If so, you aren’t alone. In fact, 40% of the world’s population lives near a coastline. If you’re looking to make this a reality and find residential real estate Chilmark MA, then here are some tips to make your relocation reachable.

  1. Find an Agent on the Island

A realtor who lives on the island or who has worked in the area for a significant amount of time will know the land and specifics of the area better than someone who hasn’t. Be picky with your agent, and make sure he or she can provide insider information about the location you’re looking to invest in. Look at how long the real estate firm has been in the area and its commitment to house hunting in that location. Instead of looking at bigwigs in the industry, find someone who’s a bigwig about the environment you want to call home.

  1. Research Insurance Rates

Moving to the coast means you have a lot more liability from flooding or wind damage if a hurricane strikes. As such, your home insurance will most likely be higher than you’re used to. Find an insurance agent that can secure you an affordable rate while ensuring your home is still protected. Also, shop around with different insurers and do your own rate comparisons before committing. Rates can change drastically between providers.

  1. Watch for Windows

When touring homes, make sure you’re focused on more than just the impeccable views. Pay attention to the windows because coastal homes undergo a lot of severe weather. You want a home with durable impact windows because a home with better windows will save you money in the long run. Your home will take less damage, have lower insurance rates and be more efficient.

Before shipping out to your dream life on the coast, there’s a lot to consider. However, with the right research and assistance, your dream could be closer than you think.

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