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Four Ways to Find the Ideal Waterfront Property

Investing in a waterfront property in the Hollywood Riviera is a great way to ensure a maximum return, while also providing you with a wonderful opportunity to enjoy a luxurious and exclusive view.

Thinking of purchasing waterfront property in one of our lovely coastal neighborhoods? Here are four tips to keep in mind to prevent overspending and to ensure you’re making a sound investment.

1. Set a budget

You’ll always want to have a budget in place before you even start researching and comparing different waterfront properties. Without a set budget, you could find yourself wasting time or feeling let down after discovering a property you desire but aren’t able to afford.

2. Research property history

Be sure to research the history of the waterfront properties you’re most interested in, as well as their previous owners. Compare listing and sale prices from previous owners and timeframes, as well as property taxes and fees, that were required from the homeowner at the time of sale or ownership.

3. Learn about different types of water

Purchasing a waterfront property instantly gains you access to a body of water, which is why it’s wise to familiarize yourself with the different types of water adjacent to where your preferred properties are found. Saltwater and freshwater provide different environments and opportunities, which is why it is important to choose a property near the type of water that’s right for you and your family.

4. Research weather and the potential for natural disasters

If you’re making a waterfront property investment near the ocean, it’s a good idea to research the area for potential natural disasters, as well as disaster history.

While some waterfront locations may be more protected and secluded than others, many waterfront properties located on oceans pose an inherent risk and danger compared with waterfront properties on a freshwater source, such as a traditional beach or lake.