Why Waterfront Homes Rent Better and for More Money

MARATHON, Fla. - Aug. 4, 2015 - PRLog -- Per Brenda Alexander, Broker/Associate at Remax and owner of KeysIslandSales.com in Marathon Florida, "If you are considering purchasing a rental property, even one that will serve as a vacation home for a few days or weeks of the year for you personally, think strategically. One of the single biggest mistakes would-be turned disappointed rental home investment owners make is not to look at the big picture. They are just too myopic, caught-up in the excitement of generating a new revenue stream. The trouble that comes with that is not being realistic about the home’s condition, it’s potential, and its location.

If the point is to rent it out for generating a new source of income, then, the home has to be worthwhile. That means it has to be attractive to renters, which in-turn means, having a captivating allure. Waterfront homes certainly possess this enticing quality. So, let’s look at why waterfront homes rent better and for more money:

● Waterfront homes are almost always in destination locations. Human civilization, that is to say needs and trade are all about location. Water is a wonderful resource, and, real estate values bear this out. A home with a waterfront view will rent more often and for more money, simply because of its location.

● Land is at a premium and new building regulations are a reality. By definition, waterfront means a finite amount of land, which is demonstrated in values. Because homes located near or on the water are at a higher risk for damage, new regulations pop-up now and again. That limits new construction, making existing homes all the more valuable.

● A waterfront home is in a prime location. This translates into many recreational opportunities, which are highly valued with renters. They want the convenience of easy access and to take advantage of all that is offered.