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Follow on Google News | Investment Advantages Of Owning An Oceanfront PropertyFirst of all, real estate is one of the strongest performings and historically best-performing assets available. When it's in a highly desirable location, its investment prowess is even more remarkable.
By: Coldwell Banker Schmitt Real Estate Schmitt in Key West. Real property in just about any location carries inherent value. But, when placed on a waterfront, it is even more so. This is just one of many investment benefits of owning oceanfront property. This is due to the fact that the value of the real property is intrinsically tied to its placement. Take an ordinary house and an ordinary neighborhood and put it on a beachfront or mountain, and it skyrockets in value. That's really the single biggest factor that contributes to its higher value. However, there are more benefits to owning a waterfront home, like the following: • Appreciation. All real estate goes up in value over time, but homes located in the most desirable places perform even better. Because the house is right on the water, it's the rate of appreciation is substantially higher than landlocked counterparts. • Build quality. It's a simple fact that homes in what are considered luxury locations are the ones with the highest construction standards and are built from the best materials. Generally speaking, a real property built on a body of water must meet more and stricter quality construction standards than homes that are landlocked. • Quality of life. Perhaps one of the most interesting aspects of owning oceanfront property doesn't have to do with its value. But rather, the higher quality of life it provides. Homes in scenic locations offer a better quality of life to their residents. • Impressive rental rates. Owning a waterfront property means you have the ability to lease it out, whether for short or long-term rental situations. This allows you to gain a passive but impressive income stream because you can charge the maximum rate. Of course, you can always sell it in the future. By holding on to the asset for the long term, it's strong appreciation will greatly increase its value, making it worth far more than when you purchased it. This strategy would yield an incredible return on investment, allowing you to maximize its cash position. Fred Mullins, P.A. holds an MBA, B.S., real estate license, United States Coast Guard Master Captain's license, and commercial pilot's license. With over 20years of cross-functional experience in real estate, international asset management, and construction management, Fred's experience places him as one of the top real estate professionals in the Florida Keys. For help with buying or selling Real Estate in the Lower Florida Keys, see http://lowerkeys- End
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