The very thing that makes this type of property so appealing also provides opportunity for great storms to ravage the area. Those who own Florida are well acquainted with hurricanes that tear their property apart. Flooding can render a house unusable and cause the owner to spend thousands upon thousands putting repairing damage.
There are storms where there is ocean, and storms result in debris and flooding. Just ask anyone who owns a piece of Florida real estate. After a big hurricane, some potential tenants decide it is too risky to live or work there and you may lose income in that way. You will also have to make repairs and those cost money.
However, being connected to the beach isn’t all sunshine and ice cream. The ocean may be a beautiful place, but with great beauty there often comes a certain amount of danger. In the case of Florida real estate, for instance, that danger comes in the form of storms such as hurricanes which toss around trees as though they were paper cups. Flooding can also be a great concern, as it causes so much damage.
A real estate investor will also need to take into consideration the seasonal appeal that such an area may have and keep in mind that business will slow down significantly during winter months for any operations that are located on beachfront property. People familiar with California real estate are familiar with certain areas’ seasonal appeal.
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Stephen C Campbell