You’ve decided to buy a home in Clearwater and think that a waterfront home might just be the kind of home for you. There are a lot of things to consider when looking at waterfront properties before deciding on buying. Here are some things you should think about.

Waterfront properties are more expensive

First things first, can you afford waterfront? Waterfront properties are definitely more expensive and have other expenses that you might not consider at first. Waterfront living is well worth the expense involved.

Insurance

One of them is insurance. Not only will you need to buy homeowners insurance, but also flood insurance. Homeowner’s and flood insurance in Florida are both expensive and will make the monthly cost of waterfront properties considerably higher.

Consider where to look

Do you want to buy in a neighborhood that overlooks the Intercoastal waterways? Maybe a condo overlooking the beaches in Clearwater? A single family home on one of the “fingers”? A home with deep water access? Does waterfront living for you include having a dock? Upkeep will cost you, but will save you from paying fees to a marina. It’s a trade off. So many options! All of these will give you different options, prices and expenses.

Talk to a Realtor

Your best bet is to talk to a Realtor about what you want and what your entire budget is. Find out before looking what things like insurance and upkeep will cost you. Be sure to factor it into your decisions. Waterfront living is fantastic and can be affordable, just be smart and informed about it before jumping in!

If you would like to work with a Clearwater Waterfront Realtor who loves help people find their perfect home, give Deb Ward a call today! 727-410-0336