Benefits of Purchasing Waterfront Condos Rather Than Waterfront Homes
in VA
This article will outline some of the benefits of purchasing a
waterfront condo instead of a home. However, if it is truly a waterfront
home in VA that you seek, by all means, purchase one! I hope that you
receive years of pleasure from your investment in waterfront properties.
It takes a special kind of person to enjoy the waterfront lifestyle. You
may just be one of them.
Waterfront Properties in VA
When you are searching waterfront listings to
find that special place, remember, there are lots of places in the Tidewater
area where you can find a property like this. If you want to live near or on
the Chesapeake Bay, then the Northern Neck Counties of Mathews or
Northumberland or the Gloucester area may be the places to search. If you
want to live on the James River or one of its inlets or tributaries, try
Isle of Wight County or the Smithfield area, James City County,
Williamsburg, Hampton or Newport News. If you prefer to live on the York
River or one of its inlets or tributaries, York County and Gloucester are
the areas you need to query for waterfront listings.
Waterfront Condos:
More Cost Efficient Than a Waterfront House Many
waterfront condo and town home associations have boat docks, piers, and even
private beaches, pools and hot tubs for residents’ use. This allows for full
access to the waterfront without the extra expense of having to maintain a
dock and a pier as well as a house, property, and extra amenities. The
insurance is a little cheaper for a condo or town home then it would be for
an entire home, making it more economical then owning a home.
There will be HOA or condo fees for your waterfront property, but the
bill will not as high as the flood insurance on a waterfront home. For a
condo or town home the homeowners share the expense of insurance. For a
single family residence the property owner has to pay the bill on his or her
own.
Spend Time at Your Waterfront Condo Enjoying the Water – Not Performing
Upkeep! Having a home and a piece of property means you must invest time and
money in maintenance, and upkeep after storms or just normal wear and tear
on a home that comes from living on the water. If you invest in a waterfront
condo you can spend more time enjoying the water: boating, fishing, crabbing
or sunbathing, instead of worrying about replacing the siding on a home, or
cleaning up the property after a storm.
Many waterfront properties are located in remote areas. If you like to
travel, it is likely you may worry about your waterfront home while you are
away. In a condo or town home your neighbors may be more inclined to keep an
eye on the place. Or, the condo association may provide security. In a
waterfront home, it is likely there will be no neighbors close by or that
you will have fewer people to depend upon. Unless you are truly wealthy, the
waterfront house will not have a security guard (although you may opt to
install an alarm system). With a waterfront home you may be inclined to
worry about theft when you travel, or the possibility of acts of nature
infringing on your property while you are away. With a waterfront condo, all
it will take is a call to one of the neighbors to keep abreast of any
situation that may arise.
When searching the listings for a waterfront home, keep in mind the
benefits of investing in a town home or condo instead. In the end, it is all
a matter of individual or family preference. The size of the home could be a
deciding factor. Whatever your choice, I hope you find the perfect
waterfront home for you and your loved ones, and once you invest in that
property that you derive years of enjoyment from living the waterfront
lifestyle.
Elaine VonCannon is an award winning REALTOR with RE/Max Capital in
Williamsburg, Virginia and she is a licensed ABR and SRES as well as a
property manager and member of the RE/MAX Hall of Fame. She specializes in
retirement and relocation in the Williamsburg, Richmond, Norfolk and
Virginia Beach areas and in luxury estate and waterfront estate properties.
To learn more visit
http://www.voncannonrealestate.com or
http://www.estatesinvirginia.com . Email Elaine at
voncannorealestate@cox.net.
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Elizabeth Kirwin
