With all of the snow on the ground throughout much of the East Coast recently, visions of beachside living are surely on the minds of many. Here at Bayside, we can’t wait for the weather to warm up so we can take full advantage of our prime location in Fenwick Island, Delaware – though our residents certainly enjoy themselves here in the off-season, too.
Buying a beach home now is a great idea not only because it can help alleviate the wintertime blues, but also because it’s an ‘outstanding’ time to buy a second home, according to a recent article by financial research and publishing company Bankrate.
Well-qualified homeowners don’t need to be suspicious of the market, as the Bankrate article states that still-low interest rates and home prices that are climbing – but not too high – make now a great time to buy. The following are a few tips to keep in mind when searching for your dream beach home:
Do your research: Even if you’re familiar with the area where you want to buy your second home, you may not be familiar with the ins-and-outs of the housing market in that area. It’s important to find an experienced professional to inform you about the area and the options for homes you may be interested in. At Bayside, we have knowledgeable professionals from Schell Brothers and NVHomes available in our on-site sales center to answer every question you may have about our beautiful new construction homes and our incredible community. Additionally, Bayside offers the opportunity to build your own incredible custom home, available from two outstanding builders – Echelon Custom Homes and Marnie Custom Beach Homes.
Think about using your new beach home as an investment property first: Do you want to take advantage of this great time to buy, but aren’t sure if you’d have the opportunity to use your new beach home at this point in your life? If so, you can take the route of many other homeowners, who decide to first use their property as a rental, and then use it later as a personal second home. This can be a great way to gain income, especially in high-demand areas, such as Bayside’s beach town of Fenwick Island.
Asses your return, but don’t forget to enjoy: Of course, it’s important to gauge the return on the investment you’re making in your new beach home, but sometimes numbers aren’t all that matter. The BankRate article points out that most homeowners place higher priority on the enjoyment that their second home will provide, rather than the return on their investment. For homeowners who are looking forward to enjoying the process of owning a second home in Sussex County, Delaware, Bayside is the place to be. Our outstanding community amenities – including a Jack Nicklaus signature golf course, deluxe recreation center, and Freeman Stage concert venue – combined with immaculate new construction homes creates an award-winning community you can’t help but enjoy to the fullest. Several different types of homes are available at Bayside – single family homes, villas, townhomes, and custom homes – ensuring that whatever your preference is, you’ll be able to enjoy the perfect beach house for you and your family.
For homeowners who have been considering buying a beach home for some time, now just might be the perfect time to take the plunge. It not only is a great time to buy financially, but also gives homeowners something to look forward to in the summer months. Who knows – buying a beach home now may even make the rest of winter go by faster! And if you choose to create a custom home at Bayside, you can pass the time in the remaining winter and spring months by designing your very own dream beach home. What could be better than that?
And for homeowners who have ever been to Sussex County, Delaware, it’s tough to think of a better destination for a beach home. The idyllic beaches on Delaware’s shore are home to charming towns that are both intimate and full of excitement. Our community of Bayside in Fenwick Island offers the very best of Delaware beach town living, located only a few miles from the shore. Personal enjoyment is the main motivator for most people looking for a beach house, and there’s no better way to enjoy beach living than in our resort community of Bayside.
SOURCE: Kiplinger, Yahoo! Finance, Bankrate, Inc.