Purchasing a home is a complicated process, from listing appointments, to mortgage preapproval, inspections, and more. When purchasing a waterfront property in Apollo Beach or anywhere in the Tampa Bay area, you’re getting land and water at the same time, making it an even more complex process. While it may be overwhelming, waterfront properties are our specialty and the team here at Ray Realtor Group knows the ins and outs of this process.

Here are a few important factors to keep in mind when purchasing a waterfront home:

1. In-Depth Inspection

While water is easy on the eyes, it’s quite hard on a building. Waterfront homes receive more “wear and tear” from the elements than the average home does, so extra measures need to be taken to protect them. To get an understanding of what your specific home is up against, inspect for water intruding into the basement, corrosion on the exterior because of salt air, and mildew and/or mold issues from high moisture levels in the air.

2. Start the Loan Process Early

It’s no secret that waterfront properties are often more expensive than other properties, so loans often fall into the jumbo mortgage category. Since loan lenders only consider very qualified buyers, we suggest buyers start the process before they even start looking for a property. You may be surprised how long the process can take, compared to when requesting an average home loan.

3. Choose the Right Water

Make sure you’re picking a waterfront property that matches your lifestyle. It’s easy to fall in love with the way a waterfront property looks, but be wise in your purchasing decision. If you’re a deep-sea fisher, you won’t want to buy a home that’s an hour away from open ocean. If you love the smell of salt air, go for a beachfront property. If you want peace and quiet in your backyard, you’d be better off on a smaller body of water that’s devoid of noisy power boats. Focus on the lifestyle you’re passionate about and pick a property accordingly!

4. Insurance

Just as we suggest looking into loans early, look into insurance early as well to make sure you know what you’re getting into. Waterfront properties face increased risk of flood, hurricane, and sometimes even earthquake damage. Florida waterfront homeowners need to purchase a wind policy, a flood policy, and a general hazard policy. Keep in mind, sometimes you’ll have to purchase through different insurers. It’s best to know about the insurance necessities before you sign a contract.

While we hope these tips will help you move forward in the waterfront property buying process; the most important tip we can offer is to find a real estate agent who’s a true waterfront specialist in the area you are looking to buy in Tampa Bay. The average agent doesn’t have the detailed knowledge of waterfront properties to effectively help you through the purchasing process. At Ray Realtor Group, we have un-matched experience and a deep  knowledge of the waterfront purchasing process in Apollo Beach and the surrounding communities. If you’re interested in getting started, contact us at 813-541-3278.