Five Great Reasons For Buying a Home at the Delaware and Maryland Beaches
These days, it seems like everyone wants to live in Delaware and Maryland's coastal region.
And why not? With 26 miles of Atlantic coastline in Delaware alone, as well as scores of inland bays, rivers, freshwater ponds and more, the coastal region certainly has more than its fair share of waterfront and near waterfront property.
It really wasn’t that long ago, however, that living near the water was deemed more of a risk than it was really worth. Stories abound in the region of people buying in inland communities like Millsboro, Dagsboro, Georgetown and even Seaford and Laurel because it was just far enough away from the water to prevent any type of flooding or natural disasters.
A lot of that has changed in recent years with safety precautions being put into place along the coast. The most important of these is a dune system that, so far at least, has protected the area’s beach towns from any catastrophic events.
Sure there have been challenges like with Superstorm Sandy in 2012, as well as continuing issues along the inland bays during heavy rain events. But, for the most part, the coastal region has “weathered the storm,” so to speak.
But other than the fantastic location of course, why should you buy a home at the Delaware and Maryland beaches? Here are five great reasons for you to ponder...
It’s a Great Investment
While real estate markets, like most other economic indicators, ebb and flow, beach homes are proven to retain their value extremely well over time.
Think about it. There are only 26 miles of Atlantic coastline in Delaware, a finite amount of space where homes can be built. And as long as the ocean is right next door, this land and these homes are going to remain highly sought after.
While they cost more to purchase initially, they're also proven to be fantastic investments over time.
If you’re not living in the home full-time, then you’re looking at a nearly certain second income by renting the property out to tourists when you’re not using it.
The rental amount, in southern Delaware or in any coastal area, will vary according to the time of the year. But it’s a great “ace in the hole” to have at the ready.
Head Start on Retirement
It’s no secret that southern Delaware has become a mecca for the retirement set in recent years, leading to the birth of the term “Florida of the North.”
Even if you’re not yet retired from your career, why not buy your dream home now so it’s waiting for you when you finally do call it quits?
If you have a home at the beach and don’t live there year-round, you have a ready-made home base anytime you feel like getting away for a vacation with friends and/or family.
You can also store your vacation gear (think beach chairs, towels, beach umbrellas, etc.) at the home so you don’t need to carry it back and forth from your primary residence.
Okay, so this one is a little more difficult to quantify as it’s more of a state of mind than an opinion based on hard facts. But how often have you visited the beach, smelled that pure salt air and felt the cool ocean breezes on your face and just automatically felt better?
It’s easy to feel at peace when you’re at the beach, and that often leads to mental and physical benefits that are far-reaching.
For much more on the Delaware and Maryland beaches, visit us today at theoldfathergroup.com or give us a ring at 302-260-2000.
We'd love to meet you and show you around the area, then develop a plan to make you a permanent resident of the coastal region.