Buying a new home is always exciting, whether you’re doing it for the first time or you’ve done it before. If you’re looking into beach homes in Delray Beach, Florida, the experience can be doubly thrilling. Delray Beach is one of the best places to own a waterfront home in Florida. But while finding a house you love in this beautiful neighborhood can be exciting, you should also be prepared for the nuances of buying a waterfront property.
We discuss below some of the most important things to know.
DELRAY BEACH, FLORIDA: IN FOCUS
Living in Delray Beach, FL is a dream; Florida is one of the best locations to buy a home, with its white sand beaches and affordable lifestyle. Nestled between Boynton Beach and Boca Raton, Delray Beach is a vibrant coastal community with a small-town vibe. It’s located in Palm Beach County, FL., and has earned the nickname “village by the sea” because of its variety of water attractions, cultural activities, dining options, and trendy shopping. It’s rated as one of the best places to live in the state, and is the choice of many young professionals, retirees, and families for its warm weather, outdoor lifestyle, and world-class entertainment and dining.
BUYING GUIDE TO HOMES IN DELRAY BEACH, FLORIDA FOR SALE
Here’s a quick rundown of key questions you need to ask yourself before you buy a home in one of the Delray Beach communities:
- What is your budget? Finances and budget will determine which homes in Delray Beach, Florida for sale are possible options for you. Beach homes are often much more expensive than inland properties because of the water access, stunning views, and wealth of activities they provide. However, regardless of the price point, it has been proven time and again that the Florida real estate market is one of the most sustainable and profitable areas for waterfront home investments.
- Will it be a home or a rental? If you’re buying a second home, consider how frequently you’ll be able to use it. Are you putting up the property for rent when you’re not using it? Delray Beach is one of the most popular Florida beach communities, so beach homes have excellent earning potential. You can use multiple websites to promote your property to attract guests.
- Are you prepared for beach home maintenance? Saltwater is corrosive, so a waterfront home requires regular maintenance and preventive care. Given their high-income potential, make sure to include the cost of upkeep (repainting, mold prevention, etc.) in your rental projections and pricing margins.
- Should you get comprehensive insurance? Insurance tends to be higher for beach homes, especially in Florida, because of the risk of hurricanes, flooding, and storm erosion. Get comprehensive insurance from a reputable provider so you’ll have peace of mind knowing your investment is secure and protected.
The key to finding and owning one of the gorgeous beach homes in Delray Beach, Florida is careful planning. It’s best to go into the process knowing what you want, having a prepared budget and financing option, and working with a real estate professional with extensive experience in waterfront homes.
If you’re searching homes for sale in Delray Beach, Florida, make sure to work with local experts. Let us help you lock down that perfect beach home. Call 954.644.9118 or contact us here to get started.