Is a Waterfront House always a Good Investment?
Considering buying a waterfront property but are not completely sure? Here are the top five reasons why a waterfront property is a great investment. High Appreciation Rates Waterfront homes in and around the Collingwood area tend to have high appreciation rates. Owning a home next to the water is seen by many as the ultimate in luxury and status, commanding a high premium. People want to be able to wake up in the morning, look out over the water, breathe in deeply, and tell themselves that “life’s good.” In 2021, the value of a single-family waterfront property surged by 21.5 percent. Buyers living close to metropolitan areas, it is reported, want easy
access to nature without compromising their commute.
Access To Water
Waterfront real estate also offers renters and buyers access to water. This lifestyle perk is ideal for anyone who enjoys fishing, sailing, and watersports. They can simply stroll out of the back of their home and access
the water with ease.
If you are considering investing in waterfront real estate, always visit the property and experience access for yourself. Many homes advertise as waterfront properties but aren’t as practical as you might expect, pushing
down their value. Having to walk down rocks or take a road journey to get to the waterfront reduces the appeal significantly.
Collingwood waterfront may also offer various health benefits. Seeing the water outside the window every morning can improve mood. Watching the serenity and peace of nature makes it easier to de-stress. Many buyers
want spaces that let them find balance in their lives. Being close to water may offer a host of physical health benefits, too. Buyers, for instance, can be physically active more easily than in the suburbs. They can also enjoy a more outdoor-based lifestyle, rather than being stuck in their city apartments. Views That Won’t Change Mountain properties often have spectacular views, but there’s always a risk that they will change. Developers could carpet the valley floor with.
affordable homes or build a mine.
But with waterfront properties, changing views are virtually impossible. A waterfront house in Collingwood is likely to have the same views in 100 years time as it does today. You can’t build on a lake. Sure, the authorities might decide to build a dam, but that would likely get rid of the house, too.
Rental Income Potential
Lastly, waterfront properties tend to have the highest rental income potential because they offer vacationers the views, scenery, and access to nature they want. Tenants are more likely to pay a premium compared to a city rental of the same size and quality. Waterfront properties also tend to have more space around them. Vacationers can BBQ, play sports in the garden, and enjoy drinks on the terrace overlooking the water. This feature makes them more appealing, particularly for families looking for somewhere to stay, allowing investors
like you to charge a premium.