4 Questions to Ask Before Buying a Beach House
If you've always dreamed of owning a beach house, you are not alone. Whether it's having a vacation home to getaway to every summer, or a place to retire or relocate with your remote job, moving to the beach is a dream come true for many people. Before you buy that dream beach house, there are a few questions you should ask yourself.
How close do I want to be to the beach?
Panama City Beach is a city with residential communities in a variety of settings. Consider whether you would like to be able to see the ocean or walk to the beach from home, or if you are comfortable living a bit further inland in exchange for a larger property.
Some neighborhoods are located a few minutes away from the beach, but residents find that to be an easy trade-off for having easy access to community amenities like shopping and dining. If you have never explored Panama City Beach, we would be happy to help you find the neighborhood that is the right fit for your ideal lifestyle.
Do I want a house or a condo?
There are amazing condo communities in Panama City Beach that provide a low maintenance lifestyle and convenient amenities. You may want to consider if a condo is the right choice, or if a detached single family home is better for your plans.
Condos tend to require little to no maintenance, in exchange for a monthly or quarterly HOA due. This is especially convenient for retirees who would like to leave yard work and other maintenance behind them, or those who plan to visit the beach home intermittently throughout the year. Choosing a condo is also a great way to secure access to private amenities like fitness facilities, tennis courts, and swimming pools.
On the other hand, if you are looking for a lot of square footage or generous outdoor space, a house may be a better fit. Consider the amount of time you plan to spend at your beach home each year, and how you anticipate spending your time in Panama City Beach.
Do I need space for guests?
When you live in one of the best beach towns in Florida, don't be surprised if everyone is interested in visiting you at the beach house! As you consider the property you'd like to buy, keep in mind that you may want to have space for guests.
If this is the case, ask yourself whether you would like to have a dedicated guest room, space for the whole family, or something simple like a pull-out couch. It is much easier to find the property that already has enough space than it is to add on in the future.
How do I plan to use the property?
Some of our clients plan to live in their beach home full time, while others will travel to Panama City Beach to enjoy it a few times a year. Those who live somewhere else most of the year sometimes decide to leverage the property as a short term vacation rental to increase the value of the investment.
This can be a lucrative investment and a valuable passive income strategy. If it's part of your plan, make sure to let us know so that we can keep that in mind as we show you various listings. Not all condo complexes and neighborhoods allow vacation rentals, and others simply present parking or other challenges. Let us know how you plan to use your beach home so we can help you find your ideal property.
Ready to begin searching for your beach house in Panama City Beach? We are here to help! Contact us any time.