A property on the seaside is very different from any other type of property. It bears a unique beauty and versatility, because you enjoy the pleasure of the earth and the water at the same time. However, it may also be more complicated to buy a residence on the seaside than a normal residence. For many people, the purchase of a property on the seaside is the ultimate real estate experience. Perhaps more than any other type of purchase, the purchase of a house on the seaside is as much a mode of life that a real estate investment.
Find a real estate agent who is a real specialist in properties on the seaside.
The usual real estate agent will not have the detailed knowledge of the properties on the seaside in your region. He will not be able to help you find the property that suits you. A real estate agent who specializes in the houses on the seaside knows exactly what questions to ask, who should participate in the operation and how to help you realize your dream.
Examine the property more than the structure.
Often, people fall in love with a house, but after the acquisition, they realize that the water is dirty and muddy, that the view is not very good, that access to water is complicated, or that the place is not very intimate. You can modify the residence, but you cannot change the location. Therefore, you should buy a property in a location that you really like.
Make sure that the structure of your house can withstand the weather conditions.
The houses on the seaside receive more abuse from the natural elements than a normal house. Therefore, additional security measures must be taken to avoid incidents. Invest in the panes resistant to cyclones and locks in stainless steel to prevent corrosion.
Whether it is a holiday home or a means of investment, a real estate is a tangible asset with a price tag. It is necessary to understand the value of the property and the location where you intend to buy. Ask yourself a few questions before taking a decision:
- Will the location still be attractive after 10 years?
- What will be the price of a property in this area after five years?
- Will I be able to find a buyer for this property in three years?
- Is the price justified for the location?
- Do I have the means to maintain a property on the seaside?
For more information on the various investment opportunities in the residential real estate sector in Mauritius, contact Diamond Estates who will guide you in your project implementation.