Oceanfront Property: Always a Good Investment
There’s something magical about oceanfront properties – the sights, the smells, and the atmosphere are completely unmatched by any other type of real estate. There’s a reason why oceanfront properties are attractive, and it isn’t just the gorgeous views they offer.
Attractive location and a potential for high returns that will continue for years after your investment are just two of the reasons why these properties are constantly in demand. Those lucky enough to be able to invest in a dream oceanfront property can rest easy knowing the benefits of investing in an oceanfront home far outweigh the drawbacks, especially when you know what you’re getting into with oceanfront real estate.
The long lasting value of oceanfront property
When compared to other property types, oceanfront properties stand out as being particularly valuable in the long term. Unlike traditional lots, oceanfront properties tend to have a long lasting value appreciation which greatly outstrips most asset classes. In the United States, oceanfront properties are valued at almost 45% higher than other non-waterfront homes in the same zip code – similar effects have been observed across Canada. While this appreciation doesn’t always happen steadily year-over-year, when oceanfront property does appreciate its value jumps significantly.
Even if oceanfront properties lose value due to rare market changes, they’re usually the properties which begin to appreciate again first. A major advantage to oceanfront properties is that they serve as very good inflation edges, generally holding against inflation – something that Canada is currently and will likely continue to experience for the foreseeable future.
Another benefit of oceanfront homes is that they tend to be the least affected by evolving trends and changes in the real estate market. Oceanfront properties in Nova Scotia which sold for $300,000 or under in the 1980’s are now selling for upwards of $6 million. These properties have a significant return on investment for property owners, even when multiple renovations or cosmetic changes are necessary. While oceanfront homes generally have higher insurance costs to cover the threat of flooding, these extra costs are offset by the real potential for returns by offering short-term rental opportunities for those seeking out a vacation destination experience.
Lakefront versus oceanfront – which is better?
If your dream is a waterfront home, you are probably choosing between lakefront and oceanfront. Both appreciate in value in about the same way – big jumps after a stretch of minimal value increase. Realistically, both will involve a long commute for your family and friends to visit, whether by air or by driving. If you are looking for a place to retire or work, the reality is that most lakefront communities transform into party places in the late spring, summer, and early fall.
A bit of background noise is something we can all live with. But constant noise from boats, jet skis, and yelling just isn’t what most people are looking for in retirement or if they are looking to work from home. In addition, most lakefront vacation properties are owned by stressed-out people who are working hard 9-5, then gunning up to the cottage or cabin on Friday. While they may be very nice people, the overall vibe of a lake community can be anxiety-driven during the high season. Plus, if you ever need anything done to your oceanfront property, you don’t have to count out the summer months because every contractor in the area is busy as they are in lakefront communities.
Oceanfront is a completely different experience. First, even if your neighbours are making a bit of noise, it’s usually drowned out by the pleasant sound of the waves on the ocean. Secondly, and we may be a bit biased here, Nova Scotians are some of the friendliest people in Canada and welcome everyone with open arms. There are no “locals/city people” divides here like the kind that exist in lakefront communities. The down-home friendly nature of Nova Scotia is a big part of the reason people move here.
Other value propositions: Travel opportunities through homestays
One thing is certain in the next few years – everyone is going to want to travel. Unless you highly value your privacy, you can list your oceanfront property at a premium on a short-term rental site while you are gone. You can also take advantage of home exchange opportunities in the areas you want to travel to. Oceanfront properties are one of the most desirable property types on home exchange websites. This can subsidize your travel budget and give you peace of mind that someone is at your home while you are gone.
OceanPoint Estates offers spacious waterfront properties for sale on the scenic Aspotogan Peninsula. Enjoy ocean view lots offering beautiful sights, high potential for an attractive coastal lifestyle, and unparalleled opportunities for a significant return on your investment. When you choose OceanPoint, you can rest assured that we’re with you every step of the way – you invest in the lot and we’ll work with you to build your dream getaway on it. For photos and information on the oceanfront lots available through OceanPoint Estates, get in touch with us today.
Oceanfront Property: Always a Good Investment
There’s something magical about oceanfront properties – the sights, the smells, and the atmosphere are completely unmatched by any other type of real estate. There’s a reason why oceanfront properties are attractive, and it isn’t just the gorgeous views they offer.
Attractive location and a potential for high returns that will continue for years after your investment are just two of the reasons why these properties are constantly in demand. Those lucky enough to be able to invest in a dream oceanfront property can rest easy knowing the benefits of investing in an oceanfront home far outweigh the drawbacks, especially when you know what you’re getting into with oceanfront real estate.
The long lasting value of oceanfront property
When compared to other property types, oceanfront properties stand out as being particularly valuable in the long term. Unlike traditional lots, oceanfront properties tend to have a long lasting value appreciation which greatly outstrips most asset classes. In the United States, oceanfront properties are valued at almost 45% higher than other non-waterfront homes in the same zip code – similar effects have been observed across Canada. While this appreciation doesn’t always happen steadily year-over-year, when oceanfront property does appreciate its value jumps significantly.
Even if oceanfront properties lose value due to rare market changes, they’re usually the properties which begin to appreciate again first. A major advantage to oceanfront properties is that they serve as very good inflation edges, generally holding against inflation – something that Canada is currently and will likely continue to experience for the foreseeable future.
Another benefit of oceanfront homes is that they tend to be the least affected by evolving trends and changes in the real estate market. Oceanfront properties in Nova Scotia which sold for $300,000 or under in the 1980’s are now selling for upwards of $6 million. These properties have a significant return on investment for property owners, even when multiple renovations or cosmetic changes are necessary. While oceanfront homes generally have higher insurance costs to cover the threat of flooding, these extra costs are offset by the real potential for returns by offering short-term rental opportunities for those seeking out a vacation destination experience.
Lakefront versus oceanfront – which is better?
If your dream is a waterfront home, you are probably choosing between lakefront and oceanfront. Both appreciate in value in about the same way – big jumps after a stretch of minimal value increase. Realistically, both will involve a long commute for your family and friends to visit, whether by air or by driving. If you are looking for a place to retire or work, the reality is that most lakefront communities transform into party places in the late spring, summer, and early fall.
A bit of background noise is something we can all live with. But constant noise from boats, jet skis, and yelling just isn’t what most people are looking for in retirement or if they are looking to work from home. In addition, most lakefront vacation properties are owned by stressed-out people who are working hard 9-5, then gunning up to the cottage or cabin on Friday. While they may be very nice people, the overall vibe of a lake community can be anxiety-driven during the high season. Plus, if you ever need anything done to your oceanfront property, you don’t have to count out the summer months because every contractor in the area is busy as they are in lakefront communities.
Oceanfront is a completely different experience. First, even if your neighbours are making a bit of noise, it’s usually drowned out by the pleasant sound of the waves on the ocean. Secondly, and we may be a bit biased here, Nova Scotians are some of the friendliest people in Canada and welcome everyone with open arms. There are no “locals/city people” divides here like the kind that exist in lakefront communities. The down-home friendly nature of Nova Scotia is a big part of the reason people move here.
Other value propositions: Travel opportunities through homestays
One thing is certain in the next few years – everyone is going to want to travel. Unless you highly value your privacy, you can list your oceanfront property at a premium on a short-term rental site while you are gone. You can also take advantage of home exchange opportunities in the areas you want to travel to. Oceanfront properties are one of the most desirable property types on home exchange websites. This can subsidize your travel budget and give you peace of mind that someone is at your home while you are gone.
OceanPoint Estates offers spacious waterfront properties for sale on the scenic Aspotogan Peninsula. Enjoy ocean view lots offering beautiful sights, high potential for an attractive coastal lifestyle, and unparalleled opportunities for a significant return on your investment. When you choose OceanPoint, you can rest assured that we’re with you every step of the way – you invest in the lot and we’ll work with you to build your dream getaway on it. For photos and information on the oceanfront lots available through OceanPoint Estates, get in touch with us today.
