Pros and cons of beachfront living
Category Property Advice
Imagine waking up to the sound of breaking waves on the beach or sipping your afternoon tea as the sun sets. Owning a beachfront home or apartment is a dream come true for most people, but there are some disadvantages to living near the ocean.
These are some pros and cons of beachfront living:
Pros
- You live in a desirable location
When you live near the beach, you spend every day and night in a vacation destination. Locals and tourists alike pay a lot of money to stay in holiday homes in order to get a taste of the beach lifestyle. However, once you live there, every day can feel like a vacation.
- Your home is worth more money
Since beachside life is attractive, another house with similar features will not have the same value as yours. Without views, or with only partial views, nearly identical properties in the same region sell for significantly less. Beachfront properties tend to hold their value for longer.
- It's an excellent way to generate a passive income
If you're constantly on the go, renting out your house as a vacation rental is a terrific method to supplement your income. Take advantage of the high number of tourists during these periods and rent out your house. Cape Town is recognized for attracting a big number of tourists throughout the year. Vacationers' initial choice of lodging is usually beachfront properties. You'll be able to cover your bond and have some extra cash.
Cons
- The effects of salty air and sand on your home might be significant
While living near the seaside provides a pleasant breeze and beautiful vistas, the salty sea air, mixed with humidity and wind, may cause havoc on the exterior of your home, your car, and other outdoor equipment.
Maintaining the exterior of your property will be more expensive than maintaining a home that is located further away from the water. Car upkeep is also a significant aspect. Consult your mechanic for the best method for keeping your car protected from salt, sand, and general moisture.
- The tourist season may become an inconvenience
Cape Town is tourist heaven. It has the beach, the vibe, and the cuisine. Summer is obviously peak season at the popular beaches, and it can be inconvenient for residents who live here all year. To get to the beach, you'll have to deal with people parking on the edge of your grass, blocking your driveway, and cutting through your property. However, a fantastic way to avoid this drama is to rent out your home to make some additional cash.
- Insurance premiums might be quite high
Your insurance company considers living near the shore to be unsafe. Because of the risks of rising sea levels, strong rains, and beach erosion, insurance companies charge far higher premiums for beachfront houses than for other similar properties in the vicinity.
When purchasing insurance, always be sure to compare rates to find the best deal. It's also crucial to discuss insurance payouts with your friends and neighbours. The last thing you want to do is haggle for the best rates with a business that doesn't care about claims.
Cape Town is home to some of the world's most opulent beach properties. For most foreign and local wealthy investors, they are at the top of the list. Clifton, Camps Bay, Bantry Bay, Bloubergstrand, Hout Bay, and Llandudno are some of the trendiest beach towns in South Africa, with mansions selling for millions of rands. Their architectural designs and technological elements set them apart from other beach homes across the world.
If you are looking for the perfect beach property in the Mother City contact Knight Frank today. Your future investment awaits.
Author: Knight Frank
