Living By the Water: The Good and the Not-So-Good

With the Real Estate Market still being a little funky there are some real deals to be found living by water. I found a story from Newsday by Laura Koss-Feder on living by the water that I found quite interesting since it relates to this fact. In the article Richard Swerdlow, chief executive of Miami's Condo.com, stated that, "The desire to look out your window and see water will always be there and will always be an added incentive for someone to purchase a home."

The article went on to explain the pros and cons of living by the water.

Let's start with the cons. I always like to end on a good note.

1. Home maintenance can be high due to the effect of all the moisture in the air
2. Insurance rates can be higher (even higher if in a flood plain)
3. Property prices are usually a premium.

Next, let's end on a good note with the pros. The author of Bubble Proof: Real Estate Strategies That Work in Any Market,Tonja Dermoff lists these five reasons:

1. "Ocean properties are in high demand and are often a great investment either for resale or rental income.
2. Fewer mosquitoes and insects as the ocean breezes push the critters westward.
3. Wonderful environment for children, away from the pollution of the city and a sedentary lifestyle.
4. Great exercise potential for people of all ages, be it swimming or walking along the shore or coast.
5. Ocean breezes make the hottest summer day feel cooler."