Things to Consider when Buying Waterfront Real Estate. If you are ready to put an offer in on a coastal RI real estate
property there are a number of things to consider: homeowners insurance for coastal area, flood zones, structural lower level wash away walls, etc. On the water, water view or just by the water there are challenges as you should be aware of.in living by the water in Rhode island real estate .
Hurricane or storm surge windows and construction meeting home insurance requirements must be considered.
A waterfront RI real estate property has challenges sometimes meeting current insurance requirements depending upon the year built.
You want to ensure that any home inspection process for you covers all aspects of a coastal review to meet current codes. From roofing tiles to pilings or supports of the oceanfront home, these are not points to be overlooked. Otherwise, you will be need to factor that onto after purchase costs to own your coastal home.
Knowing your flood zone and requirements for maintaining the integrity of the waterfront home is necessary. The flood zone determination should be part of the purchase and sales process and not left to the listing side. Ensure your real estate agent is skilled and knowledgeable in these areas.
Be aware that flood zone maps changed in the fall of 2010 ( primarily due to Hurricane Katrina and weather changes) and all coastal RI towns have them on file. Find out the classification of the flood zone for your potential coastal RI real estate purchase. Depending upon your flood zone classification, the annual cost will vary.
It is all part of making the waterfront RI real estate home on Narragansett Bay or the Atlantic Ocean come together for you in any purchase. Thinking of buying waterfront RI real estate? Time to talk with me about your wants and needs. I would love to help and am knowledgeable in waterfront home purchases, so reach out to me at 401.529.7849 to set up an appointment now. Things to Consider when Buying Waterfront Real Estate.
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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings and important tidbits of information well.
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate
Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor? Let me GOOGLE one for you!
cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor
Ginny, This is good information for buyers considering buying a waterfront home.
Good morning Ginny,
Lots to consider when purchasing a piece of water front real estate.....buyers better enlist Ginny Gorman to represent them to help navagate the particulars when making a water front property purchase!
It is often said that isn't the state of Florida in a flood zone? Good info Ginny sell, sell, sell.
Good info Ginny.. as always buyers need to be informed on the pros and cons of a specific home. It does cost more to live in a home on the waterfront, but the benefits are ENORMOUS... those views, the smell of the ocean and the beautiful beaches.. are all a perfect scenario... as long as you know this info going in.
Great information Ginny. Did you know our desert too has flood zones......
Ginny, this is always a point of contention here. I used to believe that homeowners insurance was a savior until we began hearing "that's not covered" all too often. Makes me wonder about the bedfellows they're making,
All the more reason to use the services of Ginny Gorman, to make your waterfront real estate purchase in RI as smooth as possible.
Ginny, there are a few more thing to consider when purchasing a waterfront property, that is why it is best to be represented by a Realtor like you that is familiar with what to watch out for.
There is such a checklist but I'm not giving all my waterfront touch points away here...that is why clients use me because i do drill down, know the engineering people, town people, state people to call to get the right information.
Hello Ginny,Great feature here! This is definitely an essential fact for all the interested buyers out there.Great job! Continue doing great as number one North Kingstown Short Sale Agent.
Hi Ginny,
This is great information for anyone considering buying waterfront property. Great job, thanks for sharing and keep up the good work as a top North Kingstown short sale agent!