Buying a house is certainly rewarding, but it can be challenging as well. However, if your goal is to own a North Carolina waterfront property, you will likely encounter different issues from those surrounding the purchase of a land-locked property. For example, you might be wondering if you should buy a Kill Devil Hills property or choose a more secluded location. You will have to decide if you are willing to undertake the additional maintenance responsibilities encountered by waterfront property owners. And you will most likely encounter a price differential the closer you buy to the water.
Emerald Isle Beach, with plenty of options for buying a waterfront property in North Carolina.
And speaking of costs, the cost calculations for your dream home needs to include your move and moving costs. These should not be separated, as planning your move and choosing your property both require a lot of research and good preparation. There will also be many decisions you’ll need to make for a successful purchase and move.
The choice of location is certainly one of the most significant decisions but you’ll also need to create a budget for your relocation. Finally, you’ll need to decide if you want to handle the packing and move or if you want professionals movers to get you to the destination and schedule your move on time. And keep in mind that these are only some of the many choices that only you can make.
Homebuyers need to know what their needs and wants are in order to find the home of their dreams. There are many fantastic waterfront properties in NC, but you need to find the one that will allow you to live the life you want and do the activities you enjoy.
Find the right real estate agent
A real estate agent that does not have experience in selling waterfront homes might not be able to help you make the best decision.
What you need is an agent who has a detailed knowledge of waterfront real estate in the area of your choice. Due to these properties’ special characteristics, you might fall into the trap of believing that you’ve found a great deal. However, the reality might be that a lower price is caused by things that wouldn’t even come to your mind, such as oyster beds that prevent the access of boats!
Choose the perfect location
We all know how important location is in the world of real estate. While the professionals from statetostatemove.com can bring your belongings anywhere you like, it’s up to you to find the perfect location for your new home.
When searching for a waterfront property in NC, you will probably consider the access and proximity to water. However, keep in mind that if your main priority is peace and quiet, privacy is one factor you need to consider. Imagine reading a book and enjoying the view of the ocean horizon, only to be interrupted by the noise of tourists and boats. Unless you want to get up at 4 AM to have your moment, it’s probably a good idea to look for another location.
Also, remember that it’s not only about the water. Just like with land-locked properties, make sure there are shops and other amenities nearby. In case you have medical needs, the proximity to the hospital rather than the yacht club might be more important to you. The driving distance to your office and traffic jams in the area are probably just as critical as access to the water.
You’re not only buying the water view
Aside from the house, you’re also choosing the body of water. And this does not mean that you’re only buying the water view.
Purchasing a waterfront estate means that you should research the body of water the property overlooks. In North Carolina, there is a great choice of lakefront properties, riverfront, and beachfront properties overlooking the Atlantic Ocean. It comes down to what type you prefer, and once you have no doubts about that part, you need to do thorough research on the body of water of your choice.
Water bodies have different characteristics, such as depth, size, quality of water, etc. Depending on your reason for purchasing a waterfront estate, make sure that the water body of your choice will fulfill your expectations.
If you plan to use a boat, check if the water depth will not be an issue. But, if your main goal is swimming, you don’t want polluted water or water with dangerous animals.
Finally, the history of the shoreline should play an important part when making your decision. Shores move and erosions might occur, so it’s better to know it in advance.
Choose a property that fits your lifestyle
When searching for waterfront properties, many people forget how important it is that the location suits their lifestyle. For example, Wristeville Beach in the Wilmington area or Myrtle Beach are excellent options if you want to enjoy the urban nightlife scene. On the other hand, buying a property on Lake Waccamaw, for example, provides an entirely different kind of experience.
If your new home is half an hour away from the ocean, and you love surfing, chances are that you won’t enjoy the sport very often. For that reason, focus on the activities you love doing and make sure to choose the location and the property accordingly. By focusing on your priorities and deciding what really matters to you, you will have a better chance of living the life you want.
How often will you stay at your waterfront home? If you’re a year-round resident, living in an ocean view home might be more convenient. On the other hand, if you’re buying a house for seasonal use, an oceanfront home might better suit your needs.
Take care of the important details
When buying a waterfront property in North Carolina, it’s easy to get carried away. However, you shouldn’t forget about the not-so-exciting, yet important details, such as maintaining your property, flood insurance requirements, and your responsibilities as a waterfront property owner.
Whether you’re moving into a tiny home, retirement facility or even a van – making the decision to downsize can be extremely liberating; however, it can also be both physically and emotionally exhausting. While the idea of keeping the belongings you need and getting rid of the ones you don’t sounds simple, that usually isn’t the case. In an effort to simplify this process we’ve reached out to the experts in tiny living, from Philadelphia to Portland, to compile some helpful tips and tricks to make your transition from more to less that much easier.
Identify your “why”
Living the Van Life
My approach to our potential homeowners is first to determine what their intended use of their Tiny house is, whether it’s an investment rental, full-time part-time living situation, vacation home? or? How many individuals, children, hobbies, pets, ladders stairs, size, budget, Tiny house placement? On off-grid? You get the picture. A lot of times folks are enamored by the thought of going tiny but really haven’t thought through what that would mean for them as an individual, it’s not a one size fits all. The process gets pretty in-depth for someone that’s serious and I walk them through this process to be sure that there are no surprises once their Tiny arrives. – Tiny Mountain Houses
Hit the road and enjoy life in the slow lane
ween needs and wants
When downsizing into a van, storage is going to be a huge obstacle. You will quickly realize you have way too many things. Before converting a van, I’d recommend laying out everything that you plan to fit in your van in one room to see how much you actually have. You will want to make sure all of your items have a “home” within your van, which may require you to measure many of your items. – Outbound Living
Downsizing may seem overwhelming, but it should be liberating. Most people accumulate “stuff” over the years that they don’t use or need and it just piles up and becomes a burden. Once you decide on your ideal tiny home, floating home, or a houseboat, visualize the minimum you’ll need in each room. If you haven’t used something in the past 3 months, you most likely won’t need it and it should go — sell it on Craigslist or at a yard sale, give it away, or as a last resort, put it in storage. When you’re done, you’ll feel like a weight has been lifted and you’ll be amazed at how little you actually need to be happy, healthy and comfortable! – USA Waterviews
When you’re moving into a small space like a tiny house, an RV or a campervan, you’ll really have to go through your stuff with a fine-toothed comb. Only take what you will truly love and use every day, and either donate the rest or get a small storage unit. Severing your psychological connection to your stuff might be painful, but as soon as you get rid of your unused things, you won’t even notice. Trust me, I’ve done it! Use packing cubes to organize your clothes, and bins for things like kitchen items, camping gear and toiletries. Only keep as many dishes, forks and cups you will use on a daily basis – for example, we only own two of each. And have fun with it! When you downsize, you’ll be happier and clutter-free! – The Wayward Home
Organize and optimize
Check first the storage capacity of your new home. Moving into a tiny house generally means smaller spaces. Furniture that worked in your large home may be either too l
You can fit it all in if you downsize properly
arge for space or not fit at all. We recommend measuring the height, width, and depth of all the furniture you’re not sure about. Write down all the measurements. This will save you a lot of time and List down all the things that you cannot live without and things that are ok to leave behind. – Tiny House Citizens
When creating storage in a Tiny Home, it’s a good idea to display “pretty items” (such as dishware) on open shelving, and storing “ugly items” (such as a crockpot) out of sight in a closet or cabinet. Build your cabinets to be very high or very low, to allow for a clear eyeline throughout your home. Every inch counts! Doing this throughout your home will make the space seem larger. – Tiny House Giant Journey
Kitchen items that collapse are especially beneficial when moving into a small space. You can now purchase specially developed pots, pans, cups and even bowls that collapse when not required. This means you can drastically de-clutter your kitchen. – Vanlife Adventure Team
We were living in a NYC apartment when we decided to downsize for van life and full time travel. At first it can be hard to get rid of physical things, but once the travel begins you realise how little you really need and how happy you can be with less! Storage is key for keeping our tiny space tidy, we use a lot of TouRig bunker bags to keep the van organised. They hold everything from our socks, camp chairs, computers, to the dogs toys and treats. – TouRig
Utilize dual-purpose items
If you’re planning on downsizing into a vehicle like a van or another small space, we highly suggest thinking about how to have more than one use for the amenity you’re including. You’ll want to prioritize not only what you bring along, but how you configure your new home to maximize spatial utility. For example, if you can have a bed that also converts into a couch you can make dynamic use of the space and not have to have a separate lounge area from your sleeping area, which will open up more opportunities for storage, other living amenities, or open space! – Beartooth Vanworks
We always say we think in cubic inches instead of square feet. When planning spaces it is important to consider the entire volume including the height and use the tall walls and ceiling as one would the floor space. In preparing for your new living style we also suggest measuring the items you are taking with you. Measure the stack of folded clothes, blenders, Instapot, etc. so you know exactly how much space they need and you can design storage specifically around them. – Teacup Tiny Home
Don’t be afraid to let things go
Moving from a 1400 square foot house full of antiques and heirlooms to just over 350 sq feet meant we had to get rid of everything. I decided to start with my most treasured piece, a solid pine kitchen table that all my kids grew up around, did their school work on, ate our meals at, carved their names into! I listed it privately and it was scooped up by a friend. Letting go of that piece really allowed me to move on in this journey. Our goal was to live tiny and this was part of the process. We’ve lived tiny for almost two years and have no regrets. There is not one piece of furniture that I miss or wish that I had kept. I know that everything I let go of is being loved and enjoyed by others. – Great Canadian Tiny House
The “one in – one out” rule
One in – one out! Whenever you purchase something new or bring anything into your smaller space, you have to get rid of 1 belonging in exchange. On top of that, make sure you’re doing regular purges! Assessing your belongings every few months is always a good idea. If you haven’t used something within a month or so, donate it! – Go-Van Team
Moving into a smaller space with a partner, kids, or pets
Communication really is key – living with a partner is tough as is, and living tiny sometimes means taking “me time” outdoors. Know how to ask for space and always be growing. Plan ahead for your pets or kids by choosing stairs over a ladder. Plan ahead in your layout for storage, dedicated space, or bathrooms (like our hidden cat bathroom for Oliver). – Tiffany the Tiny Home
Our top tip for moving into a smaller space is to make sure that everything serves multiple purposes. When we moved into our van, downsizing our wardrobe from a large closet to a single dresser drawer each was challenging. We decided to invest in clothes that could work for multiple situations, such as walking around a new city and going for a hike, and that is made out of higher quality materials and can be worn multiple times, limiting how many items we actually needed. – Adventures of A+K
Maybe a houseboat is more your style
12 things you need on board a boat to live comfortably
AC/Heat Thermo pumps
Folding deck chair
Boat vacuum cleaner
Inflatable floating dock
Inflatable life jackets
Bow and stern thrusters
First aid kit
All About Houseboats is the website for Houseboaters by Houseboaters its new ebook “How to Live on a Houseboat the step by step guide to making a dream a reality” is now available. – All About Houseboats
The Jersey Shore takes up about 140 miles of the Atlantic Ocean coast of the US. It is a favored vacation spot for the residents of New Jersey, as well as the neighboring states. Known to the New Jersey residents as simply ‘The Shore,’ it is famous for its boardwalks, amusement, and water parks. One of the particular perks of the Jersey Shore is that both sunrises and sunsets are visible over water from different parts because of its peculiar peninsular shape. All of this and more make it not only a great place to visit, but also to live in. The coast in general is rife with small towns, and here we provide you with a list of the best small towns in Jersey Shore. There is nothing quite like living the water view dream on an ocean coast.
This town has been immortalized as the name of a Bruce Springsteen album, but that was the most exciting thing that happened to it for decades. However, it has recently gone through quite the transformation. It now attracts a more diverse and youthful crowd, both as visitors and as residents. The town has a very vibrant music scene with many festivals and events throughout the year. When it comes to the quality of living, the district boasts a steadily lowering crime rate. Even though it has become quite a hot spot in recent years, moving here is still as easy as ever with a company like Bluebell Relocation Services NJ. Its gay community has also been growing steadily since the 1950s. There is an LGBTQ-friendly beach and the Jersey Pride parade attracts a large number of visitors to the town each year.
Cape May is not only one of the 10 most beautiful towns in New Jersey, but also the oldest seaside resort town in the country. Obviously, the leading industry in the town is tourism. However, just because the events and facilities are aimed at visitors doesn’t mean that residents can’t use them to their advantage as well. If you are a history nut, Cape May is surely one of the best small towns in Jersey Shore for you to move to as it is steeped in history. Just remember that planning your moving budget is the key. If you organize it well, you can be watching dolphins jumping out of the water at the Cove in no time.
Point Pleasant Beach
The name says it all. This small town of just around 4,500 residents offers a nice mix of suburbia tinged with the fresh ocean air. It has been voted one of the 10 best beach towns on the Jersey Shore for living. The schools are great and the crime rate low. Most residents own their homes even though housing can be quite expensive. If you end up buying a water view property, there are all kinds of fun activities available – arcades, amusement park, mini golf and even antiquing.
In many ways, this is another one of the 10 best beach towns on the Jersey Shore that has in many ways remained frozen in time. It’s the hometown of doo-wop, both the music genre and the architecture style. The aesthetic is that of a 1950s or 60s seaside town, which is a major draw for many people. There is a dreamy quality to it, perhaps because of the fact that it’s a look that you can indulge in yourself. The boardwalk makes it a quintessential small town on the Jersey Shore, and the adventure parks mean you will never have an idle day for as long as you live here.
Spring Lake is definitely one of the 10 most beautiful towns in New Jersey, USA. Unlike the resort towns on this list skewing predominantly towards tourists, Spring Lake has more of a suburban feel to it. The public schools are highly rated, it is very family-oriented, and the crime rates are quite low. The main drawback would be the cost of living, which is on the pricier side.
Ocean City is another typical Jersey Shore town, only this time bigger than most on this list. Much like Spring Lake, its schools rate very high in the nation and it is very family-friendly. One of its peculiarities is that it is a dry town: no alcohol is sold within its borders. However, there are all kinds of other fun activities you can partake in – the main ones being the boardwalk and amusement parks. Typically for this kind of town as well, the cost of housing and the cost of living are higher than most others on this list.
Perhaps the tiniest of the small towns on our list, Stone Harbor doesn’t fall behind the others when it comes to its nightlife. There are plenty of restaurants and bars to have fun in while still enjoying life in a tiny suburban waterfront community. As most towns here, the schools are great, the community family-friendly, but housing somewhat expensive.
Not only is Avalon one of the best small towns to visit on the Jersey Shore, but it is also one of the best to live in if you favor a quiet suburban feel of your hometown. Many of its residents are retirees, but it also rates as great for families with its highly-rated public schools.
Belmar is a possibly the smallest US town with such a huge party-town rep. Many of Belmar’s residents are young professionals, and there are plenty of bars and restaurants for them to enjoy on weekends. Its marina is also the home to the biggest party boat fleet. The nightlife and outdoor activities are what makes this town fun to move to.
Long Branch is another one of the best small towns in Jersey Shore but it is on the pricier side. The boardwalk offerings can get quite decadent, though that is not all there is to life in this suburban town. Its housing, cost of living, and crime rates are the problem areas. On the other hand, it boasts quite a diverse population and an above-average school district.
If your mind is currently set on buying a luxurious Florida waterfront home, you should know that there is a long, demanding, and highly stressful decision-making process ahead of you. There are numerous tasks you will need to complete before you eventually organize a housewarming party at the new address. As you might assume, professional ass
istance is a critical factor in this endeavor as a guarantee that your investment will not turn into a complete fiasco and a set of bad, unreasonable decisions. To help you understand what to expect once you set off on this mission, we offer you a brief guide to buying a luxurious Florida waterfront home.
Contact a lender first
When buying property, the first step is always to contact a respectable lender and prepare a pre-approval. The lender will help you understand the stages of the buying process and give you advice on how to select the best loan given your circumstances. Having a pre-approval is a sure sign for the sellers that you are serious about buying a waterfront property. Thus, you should receive preferred treatment over other potential buyers. On the other hand, a pre-approval shows clearly the price range you can afford and this significa
ntly restricts the list of properties you will be interested in. So, to conclude, before you even start looking for a luxurious Florida waterfront home of your dreams, consult a lender.
Define the location you are interested in
When looking for a home in general, it is immensely important to find a balance between your requirements, needs, and wishes, and the reality of the real estate market. The sooner you realize you will have to compromise about certain elements the better. Make a list of top priorities you will not give up on, but also be aware of those qualities that are less important.
When buying a luxurious Florida waterfront home is in question, there are a lot of options at your disposal. A growing number of people choose Hillsborough County as their new home location, not just due to its strengthening economy and continuous development but also
Hire a reputable realtor when buying a luxurious Florida waterfront home
Hiring an experienced and competent realtor is a crucial step in this process. Ideally, you need the assistance of a waterfront specialist who will be able to advise you on how to buy waterfront real estate that suits your needs and meets your expectations. Realtors who have spent years in this business are acquainted with the real estate market very well. They can suggest attractive areas and find a Florida waterfront home that will meet your needs and will be the best value for your investment.
When you meet your realtor for the first time, it is vital for you to define the main aspects of your cooperation. How often will you meet? How often will you get updated information on the real estate market and properties for sale? Request the information about the steps in the buying process, all the financing options available, and the necessary paperwork. Also, make your realtor well aware of what exactly you are looking for – the price range
, the size of the home, the locations that are acceptable, and your specific home feature requirements. This will significantly narrow down and shorten the search for your dream home.
Hire a professional to inspect the property you are interested in
Once you find a property that might be appropriate for you, we strongly advise you to hire a professional to inspect it thoroughly before you conduct the purchase and contact
a business like bigmansmoving.com to relocate your possessions. Necessary repairs sometimes can add up a considerable amount to your expenses and be a very unpleasant surprise. When you get the inspection report, study it carefully with undivided attention, and make the final decision whether the property in question is the right choice for you.
Do not neglect the importance of proper insurance
Waterfront homes are severely affected by the elements. Thus, under no circumstances
should you neglect proper insurance of your new waterfront home. Make sure you have coverage for wind, flood, and general hazard insurance. Only this way will you be entitled to proper compensation in case your Florida waterfront home gets severely damaged.
What are you allowed to do with the property?
While it is true that you are purchasing a luxurious Florida waterfront home, chances are you will still want to introduce some changes and add a personal touch to your new living space. Hence, gather the information about what you can do with the property. For example, can you build a dock or a seawall? What kinds of alterations are allowed on the property you are considering? This will affect your purchasing decision and can add or detract substantially from the value of the home.
Understand a waterfront homeowner’s responsibilities
Finally, having a waterfront property comes along with a set of responsibilities on behal
f of homeowners. If you are a member of the Homeowners’ Association, you will have to gather enough information about the type of upkeep and maintenance that is required from you. Your realtor can provide you with more details on the subject and you can consult relevant websites.
A few more suggestions
Buying a luxurious Florida waterfront home is a serious investment and your chance to live the water view dream. When examining properties you like, remember to consider the whole property and not just the house built on it. For example, is the water is good for swimming? Do you like the views? Is the property secluded or might it lack privacy? What is the access to the water? Take your time and do not rush your decision. Then, you can be sure you will make the right choice.
Painting the coastal home poses a unique set of challenges for homeowners. Waterfront homes have to endure extreme conditions, such as high humidity, strong winds, high content of salt, and intense ultraviolet sun rays. A lasting coastal paint job requires thorough preparation and high-quality products. Otherwise, you can’t expect your home exterior to withstand the brunt of the intense summer sun, salt spray, and other harmful impacts.
Find the best products for painting a coastal home
Painting is part of regular home maintenance. Like everything else, paint needs to be redone after a certain period. Obviously, you want that period to be as long as possible. How soon you’ll have to repaint your home depends heavily on the quality of paint you pick. As mentioned, coastal homes are subject to conditions that most inland homeowners don’t need to worry about. That is why buying quality paints for your home’s exterior is crucial. Have in mind that they cost more than standard paints but they’re worth their price. Don’t choose economy- or contractor-grade paint if you want to achieve maximum paint durability.
Experts recommend acrylic latex paints
A few decades ago, oil-based topcoats had a long lifespan. Painting contractors who specialize in painting coastal homes rarely used anything but oil-based paint because it provided better protection compared to latex paint. Nowadays, people complain that oil-based paints don’t last nearly as long. Unlike oil-based paints, acrylic latex paints have improved over the years. Not only do latex paints do a better job, but they also last longer and look better. They have improved so much that a touch-up won’t be necessary for about 5 years.
Visit a local paint store
Usually, local paint stores offer better quality than department stores and home improvement stores. Also, their personnel often have more knowledge of paint products since that is the only type of product they sell. So, when you go to a paint store, ask for professional assistance. Discuss your needs and follow their advice for picking the most suitable products. They can help you choose the right paint color, too. If you’re not happy with the available choice of colors, they can mix colors for you. With a fresh, unique color, you’ll make your waterfront home sparkle and stand out from the rest.
Do the prep work before painting the coastal home
No matter how good the paint is, it won’t last long unless you properly prepare the surface. Prep work is key to a paint job well done. Improper prepping can significantly shorten the lifespan of the paint job, no matter where the home is located. This part of the job can be demanding and time-consuming but it is necessary, especially when painting the coastal home. When it comes to coastal homes, the prep work requires special attention and includes more steps than it does inland.
Before painting the inside of your coastal home, you need to get your belongings out of the way. prtabox.com can help you find the best storage solutions. Then, protect the floor and other surfaces you can’t move with drop cloths and tape.
Paint durability and the amount of prep work depend on the wood choice, among other factors. A lot of water view homes are made with pine or cedar. Cedar is becoming a more popular choice because it stands up to the elements and holds paint better than pine.
Wash the surface
First,you need to get rid of the mildew and dried salt that constantly attack the exterior of coastal homes. High winds that come from every direction leave a film of dry salt. Applying paint over dry salt is not a good idea because it won’t adhere well, nor will it last long. Fortunately, salt can be removed easily with a good wash. Coastal homes are also more susceptible to mildew, as it thrives in high-humidity areas. If you have irrigated lawns or bushes planted close to the house, controlling humidity and mold is even harder. Sometimes, using acrylic with a mildewcide additive isn’t enough.
We recommend dissolving powdered TSP (trisodium phosphate) in a mixture of household bleach and water (50:50) to take care of mildew. This solution also removes salt from the home’s exterior. How much TSP you’ll need depends on how dirty the surface you’re cleaning is. It is advisable to begin with a smaller amount and add more if necessary.
Apply the primer
As soon as the wait is over and the washing is dry, you can apply the primer, which serves as an undercoat – a preparatory coat applied before painting the coastal home. Primer should smooth out wood grain on new wood and help with imperfections on older wood. You can apply an oil-based primer the day after washing if the wood is new. In case it’s a second or third coat of acrylic latex paint, start to paint an hour or so after the wash.
To prevent moisture from getting into the wood, back-prime all trim boards and apply a coat of finish paint on the back of them as well. The end grain can also be a problematic area. The wood easily soaks up moisture, which causes the trim boards to rot near the end grain. You should seal the end grain with a marine-grade epoxy to keep the wood from soaking up water. It is also important to sand every surface between two coats of paint to help paint adhere to it.
Remember to watch the weather forecast. A single storm can cover the entire coastal home in salt. If necessary, store the equipment in a safe unit and wait for the right weather conditions. If there is a blow between two coats, wash the surface before adding the second coat.
All these steps may add more time and expenses, but for a very good reason. Fixing a poorly done paint job will cost you even more. In conclusion, if you invest more money and effort the first time you’re painting the coastal home, you will reduce costs in the long run.
Whether you’ve decided to eliminate debt from your life, or finally convert that school bus to be free to live that nomadic lifestyle on the road, you’re now ready to downsize your home. But before you start downsizing the family home, it’s important to understand that there are many potential missteps along the way. This guide will help you navigate common mistakes so that you can make the most of your new, downsized lifestyle.
1) Not setting goals before downsizing your home
While the financial benefits of moving into a smaller space can be plentiful, it’s important to set goals before you begin downsizing the family home. Here are the most popular reasons for downsizing your home:
Combat debt – The number one financial reason to downsize is because of the power it gives you to attack your debt head-on. Selling your current home and moving into a smaller one allows you to put the proceeds from your home sale towards your new home, reducing your mortgage payments or eliminating them altogether. How much easier it would be to pay off other high-interest debts if you didn’t have to worry about a mortgage? Before moving forward with downsizing, you may want to consider settling your unsecured debt for less.
Turbo-charge your retirement fund – Even if you don’t have debts to pay off, you’ll still need to consider saving for retirement sooner rather than later. But if the bulk of your income is going toward your current mortgage and bills, that’s easier said than done. By downsizing your home, you can afford a larger monthly contribution to your retirement savings.
Pay off your mortgage instantly – Depending on the amount that you still owe on your current mortgage, you could use the proceeds from selling your home to buy a smaller one in cash. Just think about how much money you’d be saving if you eliminated your mortgage payments.
Saving money after retirement – Once you’ve retired you’ll most likely be living on a fixed income dependent on your savings, investments, and social security benefits. Downsizing will allow you to not only shrink your mortgage payments but also reduces many of the costs with homeownership since smaller homes cost less to maintain than larger ones. This will also stretch your retirement savings out further than if you were to stay in a home that is too expensive for your retirement budget.
Reducing home upkeep and maintenance – Downsizing can provide physical benefits as well as financial. The older you get, the harder it’ll become to regularly complete chores around your home and yard. By downsizing, you’ll also reduce the amount of maintenance and upkeep your home requires.
2) Ignoring hidden costs
Although you’ll be saving money on your mortgage and utilities by downsizing, that doesn’t mean you can throw financial caution to the wind. When you’re house shopping, make sure that the home you’re considering either doesn’t require extensive repairs or maintenance or at least make sure that you can comfortably afford them. Also, ensure that your new home doesn’t come bundled with expensive property taxes and/or HOA fees that might eat into your savings. And if your downsize is taking you to more expensive markets, like homes for sale in New York, be sure to factor in the potential increase in the cost of living as well.
3) Forgetting to budget for your move
As you begin to realize how much money you’ll save by downsizing, don’t forget about the costs associated with moving to a new location. While you may be thinking about cutting your costs by doing all the moving yourself, take a moment to consider hiring a moving company. Not only would you have someone to pack, move, and unpack your belongings, but most movers provide insurance, meaning that you’ll be reimbursed should anything break. Since you’re already selling your current home and buying a smaller one, you should also think about downsizing all your belongings as well.
4) Not determining your lifestyle needs
After setting your goals, take some time to figure out what features you’d like to have in your new home. This is especially important when you’re downsizing as you’ll have less living space. If you’re downsizing because your kids have gone to college, then make sure that your new home will permit the lifestyle you want and that whatever belongings you’re taking with you will fit.hat king-sized bed might not fit in your new condo.
5) Paying for rooms you won’t use
When you stop to think about which rooms you use the most in your home, it’s probably pretty simple: the living room, kitchen, a bedroom, and a bathroom. If you’re not using your dining room, den, and third or fourth bedroom, why even have them at all? By thinking about what rooms you currently do and do not use, you can simplify your search for a downsized home.
The same tactic can be applied to your yard. If you find yourself spending little of your free time enjoying your yard—rather just maintaining it—then consider looking for a new home either with a smaller yard or without one.
6) Being unorganized
Good organization is key to any move but it will prove especially useful when you’re downsizing your home. So take some time to look through your garage, closets, and spare rooms for anything that’s collecting dust. That sword you bought at the renaissance fair eight years ago might be awesome but do you really want to keep holding on to it?. Start by rounding up these sorts of belongings and then work your way through old clothes, toys, old appliances, etc., and separate them into three piles: keep, maybe, and donate.
If you find that you still need help with organizing for your move, reach out to a professional home organizer for assistance. They are experts in helping you decide what you should keep and what you should get rid of. They can also help you get organized in your new home as well, something that will prove vital to making the most of your downsizing efforts.
7) Taking too much physical media with you
There’s a good chance that when you downsize, you won’t have room for all those old photo albums anymore. While you may want to hold onto some of the physical copies for sentimental reasons, the majority of those photos can be digitized. By uploading your photos to a hard drive or cloud service, you’ll save space and also protect them from any future wear and tear as well.
You can also digitize old CDs, DVDs, cassettes, VHS, photo slides, film strips, and documents as well. While you should hold onto the physical copies of things like birth certificates and social security cards, most other documents can and should be scanned and uploaded to a hard drive or cloud service instead to save space.
8) Trying to take all of your furniture with you
While your two-story home is more than capable of housing all of your furniture, your new home won’t prove quite so spacious. So before you start loading king size beds or sectional sofas onto a moving truck, keep the limitations of your new home in mind. Also, furniture that is too large for a room will only make a room look smaller, so you may want to consider getting a new couch that will truly work in your new space.
If you’re feeling intimidated by the process of selecting and placing new furniture, consider hiring an interior designer. By doing so, you’ll be getting someone who is an expert at squeezing the most potential out of a room and budget while also making sure it fits your taste and lifestyle.
9) Skimping on storage
In addition to saving important documents that you don’t require frequent access to, a storage unit is a great option for saving sentimental items like an old onesie that your child has long since outgrown or seasonal items like winter coats. Whether you’re downsizing temporarily or for the long haul, renting a storage unit is a great option for those items that you don’t have space for but just can’t bring yourself to get rid of.
10) Not creating a downsizing schedule
Moving is a ton of work, even before you add downsizing to the mix. Avoid getting too stressed out by the process by remembering to take it one step at a time. Set a timeline for yourself and create a schedule accordingly, rather than attempting to tackle everything all at once. By creating a downsizing schedule, you’ll stay better organized throughout this process while also reducing stress.
11) Choosing the wrong type of home
When you’ve made up your mind to begin downsizing your home, you’ll then need to consider what type of home you want to move into. The type of home you decide on will depend on factors like your finances, health requirements, and the type of lifestyle you’re seeking. With that in mind, check out our rundown of the types of homes you may consider downsizing to and why they might be for you.
Moving into a smaller, single-story home will prove to be the most familiar option for those downsizing out of their larger, two-story home. This option proves best for anyone looking to maintain a similar lifestyle to what they currently have.
A single-story home will also provide you with more square footage than a condo, tiny home, houseboat, or van but will still require the most maintenance and upkeep compared to other downsizing options.
What you give up in terms of square footage when you move into a condo, more than makes up for in location. Buying a condo allows you to live downtown in a major city where purchasing a house may not be financially viable. Living in a condo also means you’ll be able to take advantage of amenities like a swimming pool, gym, tennis court, shuffleboard, etc. You also won’t have a yard to take care of either and major structural repairs are usually covered by HOA fees.
A condo is a great downsizing option for those looking to live a more urban lifestyle, close to restaurants, bars, and shopping. The limited maintenance also means that condos are a great option for anyone who is retired or soon to be retired.
Buying a tiny house is trending these days because they’re affordable and eco-friendly. In fact, while the median sale price of homes in the U.S. housing market is $312,500, the average tiny home costs between $30,000 to $40,000. And if you’re anything like most tiny homeowners, you won’t have a home loan, meaning you’ll save on mortgage payments as well. You’ll also be paying significantly less in heating, cooling, and electricity costs, so you’ll be saving money and reducing your carbon footprint at the same time.
With the combination of savings and environmental-friendliness, tiny homes are a great option for anyone looking to help their wallet and the environment.
Do you like the idea of combining a tiny home with a maritime lifestyle? If so, then a houseboat may be for you. Clocking in at an average of 600 square feet, houseboats typically provide the space of a large tiny home or smaller condo, but with the added benefit of waves lulling you to sleep. Houseboat living provides many of the financial benefits of tiny homes like low upfront cost, little to no mortgage, more affordable utilities, as well as some of the benefits of condos such as amenities like a pool, laundry facility, and easy access to grocery stores.
Living on a boat does, however, require you to spend additional fees on maintenance as your home’s hull will need to be cleaned once or twice a year and repairs do not come cheap as they require specialized labor. If you feel the pros of a nautical lifestyle outweigh the maintenance fees, then a floating home may be for you.
The beautiful thing about living in a van is that it allows you to go on road trips whenever you want, and if you don’t like your neighbors it’s easy to move. Van life also allows you to spend more time outdoors, something that should appeal to anyone interested in reconnecting with mother nature. Monthly expenses are also extremely low, you just need to be willing to commit yourself to a minimalist and nomadic lifestyle.
The city of Los Angeles is among the world’s most desirable and widely recognized locations. In spite of its overvalued real estate market, it continues to attract renters and homebuyers year after year. It wouldn’t be an exaggeration if we said The City of Angels is a safe bet for real estate investors. Buying a home in LA is a dream-come-true for many people, but buying a water view home in LA is a special privilege. However, that privilege isn’t without its downsides. If you’re wondering whether you should invest in Los Angeles waterfront homes, this article will help you decide.
Waterfront homes are always in demand
Although LA is a big city, the number of homes for sale along the shoreline is not unlimited. That means the demand is always high. This is both a pro and a con. Beating the competition and buying a good waterfront property is not easy, but the demand will always be there when you decide to sell or rent. With the help of experienced waterfront property real estate agents, finding buyers and renters should not take long. Besides, buyers are willing to pay a premium for stunning views and proximity to a body of water. Rents can be significantly higher as well compared to non-waterfront homes, which means covering your holding costs and even turning a profit should not be an issue.
The investment will retain its value for years to come
The value of waterfront homes rarely declines thanks to the high demand and limited supply. Thus, you can expect a great resale value. You can spend years and years renting your home or living in it without worrying about the impact of future housing markets.
Living near the water is like an eternal vacation
If you decide to spend more time in your waterfront home, your life can be very exciting thanks to all the fun activities the water offers. Swimming, boating, kayaking, water skiing, and diving are just some of them. Few people can resist the relaxed vibe and vacation atmosphere in these neighborhoods. If you move here full-time, your life will be like a never-ending vacation. Just think about it – millions of people save money for months just to spend a few days close to the water. They pay to do all those things waterfront property owners can do practically for free. Investing in a Los Angeles waterfront home means investing in an extraordinary lifestyle. Owning a home in an area popular with visitors normally means having excellent amenities within easy reach. You’ll have access to great shops, bars, restaurants, sports and wellness facilities, among other things.
However, the other side of the coin is the lack of privacy. As you know, many LA waterfront areas attract too many visitors. After all, Los Angeles is one of the most visited cities in the US. Hence, you could see lots of strangers in your neighborhood on a daily basis.
Waterfront communities are very sociable
After buying a waterfront home and moving in, you will notice that the community you are moving into is not your average community. Waterfront communities are usually more tight-knit. They are known for organizing community celebrations and events and having many clubs and societies linked to water-based activities. Thanks to a strong sense of community, you’ll be able to meet your neighbors and get involved in their activities in no time. Waterfront communities are also great for families with young children. Parents who want to raise children in a fun, friendly environment and spend more quality time with them should definitely consider investing in Los Angeles waterfront homes.
When you invest in Los Angeles waterfront homes, you invest in your health
You can enjoy several physical and mental health benefits if you invest in Los Angeles waterfront homes. Did you know that water can be therapeutic? This home could be your personal stress-free zone. You can escape to your waterfront home whenever the hustle and bustle of big-city life overwhelm you. This property could be your weekend/vacation home, but you could also ask for assistance when moving in LA area and move here full-time. In addition to being relaxing, waterfront areas that are more secluded are also less polluted and less noisy in comparison to other areas. Furthermore, a large body of water usually offers the perfect setting for various water sports. The outdoor activities we mentioned earlier are not only fun but they’re also healthy for you, so why not take advantage of owning a property so close to the water?
Owning a waterfront home comes with higher expenses
Waterfront homes are more prone to damage caused by water and weather conditions compared to non-waterfront homes. Consequently, insurance for a waterfront home can be much more expensive. If the home you are interested in is in a flood zone or has been flooded, the insurance price will be higher. In addition to insurance, there are many other expenses you should take into consideration, the main ones being regular repairs and maintenance. Maintaining a waterfront home involves numerous expenses traditional home owners don’t need to worry about.
Some waterfront properties come with strict rules
Local rules and regulations are some of the things you should investigate before you invest in Los Angeles waterfront homes. You might face some restrictions if you wish to renovate your home or increase its size, especially if it’s a neighborhood designated as historic. And some of the things you look forward to may actually be forbidden in your area. For example, you may want to have a dock or a boat launch, but are you allowed to build one on your property? The same goes for use of motor boats, wakeboards or jet skis. No one wants to pay a fine for enjoying their favorite sports and hobbies, so make sure you do your research before you start your search.
When you decide to invest in a waterfront vacation property, there are plenty of factors to take into account. But don’t worry – beachfront properties never go out of style, as everyone likes being near the ocean. Even if it turns out that you don’t like staying there, you’ll still be able to get a return on your investment through renting. With that in mind; we’ll take a look at the best places for such real estate investments in 2020.
Myrtle Beach, SC
While considering the best place for real estate investments in 2020, you’ll obviously have quite a lot on your mind. For example, if you want to have a valuable waterfront property that’s near an urban center, moving somewhere in Baltimore area may be what you want. On the other hand, if you want a true vacation home; have a look at this gem on the Atlantic coast – Myrtle Beach in South Carolina.
This place provides you with ample natural beauty, as well as a wide variety of different activities. Regardless of whether you want to go swimming with dolphins, do some deep-sea fishing, build sandcastles, or just relax on the beach; having a home here will do just fine. And if you choose greenery over sand – there are quite a few nice golf courses around. Plus, for those looking to invest in rental properties – there are great oceanfront homes here that will quickly net you sizable returns.
Panama City Beach, FL
Even if you’re not looking to buy waterfront real estate solely for rental profits, you will still want to consider places that are great vacation spots. After all, at the end of the day, the places where a lot of people go are the places that you will probably enjoy the most while on a vacation of your own.
With that in mind, we’re going to show you this huge stretch of pearl-white beaches – Panama City Beach, found in Northwest Florida. This is actually one of the most visited vacation spots by people from the Midwest and the South. And once you visit this place, you’ll realize that it’s one of the greatest areas for real estate investments in 2020, especially when it comes to waterfront properties. This area lends itself to both classic, historic appeal and an abundance of nature. If you’re looking for the quintessential American family coastal experience – buy a home here!
Gulf Shores, AL
Sure, there are plenty of reasons why Florida beach property is a good investment, there are also areas that are less obvious; like Gulf Shores on the Alabama/Florida state line! You’ll find that this place offers all the amenities vacation-goers need in order to be completely satisfied; in addition, it’s one of the best areas for real estate investments in 2020, at least among vacation home real estate.
Many great day-trip destinations are situated within a couple of miles from this area, some of which offer unique family activities. Apart from that, there are numerous food festivals, concerts, and other interesting events that attract people to Gulf Shores; basically, it’s an all-year-round destination. And if you’re looking to invest in a rental property, that means one crucial thing – demand for bookings will stay high throughout the whole year. That’s something not a lot of shoreline properties can boast. The average home price is around $400k here, so take a look at all of the options.
Galveston Island, Texas
If you’re thinking of buying a home on Galveston Island, one thing is certain: you’d do well to learn the local lingo. There are IBC residents, or “islanders by choice”, and those Born On the Island – BOI. However, don’t worry – this is an extremely welcoming community, and while the locals have a lot of pride, they’re very pleasant to tourists and newcomers alike.
While there are a few hotels in the area, most of the island is dominated by vacation rentals. And the local home prices are not so steep; meaning that this is a good investment regardless of whether you want to purchase a rental or a vacation home for yourself.
Obviously, the merits of a vacation home in Hawaii aren’t such a huge mystery. This isn’t just a premier vacation spot for Americans; people from all over the globe flock here to experience the natural beauty of the Hawaiian Islands, along with the plentiful sightseeing opportunities and myriad fun activities.
Indeed, the Aloha State is pretty much a dream come true for someone looking for a vacation home. But not many places on this island are quite affordable in terms of real estate; which is where Kauai shines. Especially if you intend on renting out your vacation home, you’ll find that the cap rates here are a little less than 5.5%. And sure, there are a few regulations to take into account; but you’re certain to attain a piece of real estate you’ll enjoy, and others will be happy to rent out if you want them to.
As you can see, if you look hard enough; there are quite a few great opportunities for real estate investments in 2020, especially when it comes to waterfront areas. However, we advise you to take all the necessary precautions before investing some of your hard-earned money. Remember – regardless of how small the house is, you’ll find that real estate represents quite a sizable investment for any personal budget; something you don’t want to do on a whim. Do all the needed research to make an informed decision!
When people say that water view real estate is different than other types of property, they’re definitely not wrong. If you ever buy a piece of waterfront property, you’ll quickly realize what they’re talking about. Namely, there’s really nothing like the unique feeling of having a body of water within view and reach – all on your own piece of land! However, compared to land-locked properties, this kind of real estate will likely turn out to be more complicated to inspect, purchase, and maintain. There are some factors that you need to take into consideration with this type of real estate, that you possibly haven’t thought about before. Luckily, we’re here to give you a quick rundown!
As you’ll soon see for yourself, waterfront homes require careful and thorough inspection before you decide to invest in one. Water can be pretty hard on buildings. A waterfront home may have structural issues or even water leaks in the basement. There could be corrosion on the outside of your home due to salt air if you’re near an ocean shore. On the other hand, a lakehouse might suffer from mold or mildew problems due to rising moisture. Naturally, all of these things can be avoided if you buy the right home; but you want to get an expert to inspect the premises first. You want to do tests on the nearby water quality, get some elevation certificates, as well as other surveys and inspections. With a waterfront property, all of this is incredibly important.
What Kind Of Water Would You Want?
It’s a pretty simple question when posed like this – but indeed, it is a key question: what kind of water do you want near your water view real estate? Trust us, waterfront home locations are an incredibly important factor when you’re choosing where you’ll move. After all, not all bodies of water are the same. If you’re someone who’s yearning for the smell of salt in their nostrils, you’ll obviously want to opt for a beach home. On the other hand, you may be a freshwater fisherman, looking to have some quiet time in a boat on a nearby lake. If that’s the case, you should look for a lakehouse.
Take A Walk Around
If you’ve decided to buy a specific piece of water view real estate, there’s something you’ll need to do first – take a long walk. And no, we don’t just mean it to clear your head. You need to have a walk around the property itself and see if the water and the adjacent property are really as good as you’ve been led to believe.
There could be all kinds of hidden issues with waterfront real estate; for example, the house might require repairs due to leakage. Or you could be faced with a beautiful view, but not accompanied with proper access to the lake. Plus, the lake itself may seem gorgeous from afar, but could actually be choking in debris and weeds when you get up close. All of this could be a deal-breaker if you’re buying a water view home. After all, if you don’t like the backyard of a land-locked house you’ve bought – you just do some landscaping and change it. But if you’re buying a waterfront home, you’ll be hard-pressed to change the lake itself.
Watch Out For Hidden Expenses
When it comes to water view real estate, you could be looking at some hidden expenses that you, as a buyer, might not be aware of right from the get-go. For example, sewer and water utility expenses will probably be higher than with an inland home; that’s something to take into account over the long term. Plus, if you’ve got a boat, think about the lift and dock fees. And depending on the infrastructure, the upkeep for your well and septic tank if you’re thinking of buying in a more remote locale.
Find A Deal
Naturally, buying your very own waterfront property can really be a dream come true. But there are many people who grow disillusioned with owning water view real estate or have debts that they need to resolve. The point here is, even with lucrative waterfront spots, you may be able to find a good deal. So shop around once you choose your area and don’t settle for the first thing you see. And don’t worry about home amenities too much, if you find a spacious home. Stuff like your home library, entertainment setup, or your home gym can be easily relocated.
Devise A Strategy
You need to ask yourself if you’re going to live on this water view real estate full-time. This will largely determine your financial strategy for the purchase, going forward. For example, if you want to live there all the time, you’ll have to bear the brunt of the expenses for buying the house. But, if you only intend to use it as a vacation home, more opportunities arise. You can rent the house out while you’re not staying there and put a significant dent in the mortgage payments. Think Airbnb.
Find An Expert Agent
As you might have gathered – buying and owning water view real estate isn’t simple. From headaches like structural issues, sale complications, and potential title issues, the handling of such a property in a transaction requires close supervision by an expert real estate agent. Don’t even consider going into such a purchase without a specialized waterfront realtor by your side. USAWaterviews.com has many qualified water view experts on the Agents page.
So, if you want to buy a piece of water view real estate, find a good moving company through a place like Master Moving Guide – and start your shore life anew!
Having a winter home sure sounds nice. A quiet little place where you can head off during those cold winter months. Now, you can go to a place in the mountains where you can enjoy skiing and hiking. Or, you might even choose to retire to a nice waterfront home and enjoy a year-long vacation. There are many reasons why you might want to buy a winter home in the U.S, and many places where you can do so. The only question that remains is which place is the best for you.
Figuring out where to buy a winter home in the U.S. is not easy. There are some important factors that you need to take into account in order to make a wise decision. These factors, which include your budget, your lifestyle preferences, and where you live during the rest of the year, play a major role in figuring out the best place to get a winter home in the U.S. Unfortunately, there is not much we can do about those factors, as they vary wildly from person to person. What we can do is look at the winter living conditions and the price of real estate in different places around the U.S. And, to keep things nicely spread out, we will limit ourselves to one place per state. This should give you a starting point for where to look for a fabulous winter home to buy.
St. Petersburg in Florida
When talking about U.S. states that have the best winter weather, Florida is usually the first one that comes to mind. After all, it’s hard to beat the Sunshine state when it comes to mild winters. So, it should come as no surprise that one of the most popular places to buy a home in the U.S. is St. Petersburg.
A lot of people choose to retire in Florida since both the weather and the lifestyle are so calm and mild. Mind you, there are a lot of places in Florida where getting beach property is a good investment. But, we feel that St. Petersburg stands out due to its comfortable lifestyle and affordability.
The people living there are quite friendly and welcoming which makes St. Petersburg ideal for
retirement and there are fewer tourists per capita compared to many other Florida resort areas.
Median home value: $154,800.
Mount Hood in Oregon
Mount Hood in Oregon is perfectly suited for people who actually like winter. If you’re a fan of
hiking through snow or going on adventurous camping trips, Mount Hood is the place to go.
The beautiful nature of Mount Hood will leave you breathless while you explore it. And, trust us,
with nearly 100 camping areas, there will be more than enough for you to explore for years to
come. Furthermore, if you are a fan of skiing, you will have a wonderful time in Mount Hood
Median home value: $288,900
South Lake Tahoe in California
South Lake Tahoe is a bit more pricey than the abovementioned places. But, we feel that it is
truly one of the best places to buy a winter home in the U.S., if not the whole world. The lake
itself is enormous. It has over 70 miles of coast which provides ample fun for its residents
throughout the year. During the winter you can enjoy skiing on its north end and hike all around the Lake.
Lake Tahoe is mesmerizingly beautiful, even during the winter months.
The nature surrounding South Lake Tahoe is well-preserved. This makes it ideal for any nature
lover who wants to escape the noise and the hassle of big cities during the winter months. So, if
by chance you are looking for a place to unwind, South Lake Tahoe is the place to go.
Median home value: $442,700 (we did warn you it’s going to be a bit expensive).
Beaufort in South Carolina
Winters in Beaufort, South Carolina are very mild. The temperature averages around 59°F
(15°C). This makes Beaufort ideal for anyone who wants to avoid standard winter weather.
There are plenty of things to do, including fishing, golfing, biking and visiting beaches so you are bound to find something to enjoy during those mild winter months. A lot of people even opt for getting a waterfront home as it can be quite nice to drink morning coffee with the sea air in your lungs. But, before you go shopping for waterfront homes, just know that you will probably have to invest a bit in fixing it up.
Median home value: $222,600
Ludlow in Vermont
The idyllic winter retreat is a warm place situated in a small town with the quiet snow falling while the sounds of nature surround you. Well, if this winter bliss sounds like something you will enjoy, then consider getting a winter home in Ludlow, Vermont. This little town has only about 2000 residents, which makes it ideal for anyone looking for a bit of peace and quiet. And, if you are up for a bit of adventure, you can head off to the popular Okemo Mountain Ski resort and enjoy some winter sports.
Median home value: $273,600
Keaau in Hawaii
If you are up for a bit of a change during your winter months, Keaau in Hawaii is the place to
go. Any person who enjoys warm weather will love it here since the average winter
temperature is around 77°F (25°C). Along with that, you will be able to explore flora and
fauna that you’ll never see in the continental US. We wouldn’t be surprised if you ended up
retiring here, as the place is quite calm with about 2700 residents and beautiful landscapes to