Winter is almost upon us, and as we approach the holidays along with the colder weather, it may seem a little too early to start dreaming about summer. However, it is never too early to begin thinking about that beach house you’ve dreamed of since you were a teenager. Setting aside enough money to pay for this venture may put it on the back burner for a while. A recent article in RISMedia’s blog, Housecall offers some tips to make that dream closer to reality (How to Make Buying a Beach House an Affordable Thing To Do).
Look for Less Desirable Locations – One thing to keep in mind is how the school district will affect the cost of the house. If you are in the market for a summer home and have no children, the school district may not be important to you. As a result, you may look for a community where the school district may not be top-rated and will, therefore have homes more in your price range.
Reasearch Seasonal Communities – If you do not think you will need to spend time in your home during the off-season, you may consider a community that is only open to residents during the warmer months. During the winter many seasonal businesses may close down. In that case, you may have a better chance of finding a less expensive property.
Rent the House – Because a beach house is a desirable location for most people, you could rent your house on Airbnb. Many people choose to use their beach house for short vacations and rent it out for the majority of the year. For example, if you lived in a town that has casinos, you could rent it to their seasonal employees. You decide which works for you.
Buy Smaller Houses – Since most people who buy beach houses do not plan on living there full time, consider buying a smaller house. If, however, your plans change, and you wish to become a full time resident in your retirement years, ask yourself what you are willing to give up to get a house on the beach. If you do not have children, or if they are already grown and out of the house, you may be just fine with a beach house with one or two bedrooms.
Despite feeling overwhelmed by the costs of a beach house, remember there are ways to make this long time dream a reality.