If you want to invest in island property, it's time to do your homework. Island living is a great way to slow down and relax. But, island living does come with its own complexities and problems. These are issues that you need to navigate before you start building your island home. If you've never bought island property before, read the list below. Here are four issues to consider before you buy your island property.
Proximity to Harbor Access
If you're ready to buy a piece of island property, talk to your real estate agent about harbor access. You want to move away from the busy city. But, you don't want to get away from the things you'll need. That includes access to shops, medical care, and entertainment. That's where harbor access comes into the picture. Harbors give you quick access to the things you need in an emergency. They also give you access to transportation to and from your island home. Look for island property that provides harbor access for boats and float planes.
Types of Wildlife Activities
If you want to invest in island property, now's the time to think about wildlife. Island living can include plenty of wildlife. It can also include plenty of small pests and insects too. Before you settle on a piece of island property, ask about the types of wildlife you'll come in contact with. That way, you'll know if you need to prepare for larger predators like bears, sea lions, or alligators.
Ability to Insure Property
If you're looking for island property, you also need to look for the right insurance policies. You might not realize it, but you'll need special insurance coverage for your island property. Your policy should include coverage for hurricanes, flooding, and winds. Unfortunately, some insurance companies no longer provide coverage for extreme weather protection. You'll need to shop around for the right coverage before you buy your property. Your real estate agent can help point you in the right direction.
Availability of Utilities
If you want to buy island property this year, be sure to consider utility access. Some island properties include access to utilities like water, electricity, and internet services. But, if you're looking for remote island property, you may need to invest in your own utility access. If that's the case, you'll need to consider those costs in your investment budget. That's especially important if you want to start building your island home right away.