An Essential Guide for Purchasing Property in Longboat Key
Longboat Key is a top choice if you are in the market for a beachfront home. The island has some of Florida’s most stunning beaches and a convenient location because of its compact size. The island’s cafes, boutiques, and other conveniences are nearby. There are no major department shops or retail complexes in the area.
Longboat Key was recently ranked as the fifth finest island in the United States, and it’s easy to see why. The island is 12 miles long and 1 mile broad. Many homes for sale in Longboat Key are located on the beach, the bay, or immediately adjacent to them.
If you’re in search of tranquility and miles upon miles of sandy beaches, you should know how to buy a home in Longboat Key, and the following tips should come in handy:
Consult a real estate agent
Use the services of a real estate agent to save time and energy searching for a house that ticks all of your boxes. A realtor has extensive knowledge of the neighborhood, current market conditions, and properties for sale. They may use this information to understand your needs better, locate suitable properties, and negotiate a favorable purchase price. They may also recommend mortgage lenders and guide the procedure. If you want to invest in the Longboat Key real estate market, the worst mistake is to go at it alone.
Think about the features
Gated neighborhoods provide the setting for many of Longboat Keys’ single-family luxury houses. There will likely be private elevators and direct beach access in condo complexes. The luxury apartments include a doorkeeper and a gym. If buying a high-end property, choose a home with modern conveniences like an outdoor kitchen, media room, smart lighting, and advanced security systems.
Check the neighborhood plans
It’s wise to plan if you want to spend money on a high-end lifestyle. You need to conduct your homework and discover what developments are planned for your area. It would be unfortunate to purchase a home with a breathtaking view of the Gulf of Mexico only to have that view entirely blocked by a new building two years later.
Longboat Key has helpful island zoning restrictions to prevent overdevelopment, but it doesn’t mean there won’t be other sources of disruption. If you’re looking to purchase a property on Longboat Key real estate, but the trees in the way are the only drawback you’ve seen, they may be worth it. Longboat Key has a Tree Ordinance that needs licenses to remove or replace trees around the island, so you can’t just assume you’ll be able to take them down to achieve the exact view you were looking for.
Researching and learning about what your surroundings will look like in the years following purchasing a property is essential since anything as simple as a tree might trigger a feeling of buyer’s regret.
Think about the resale value
Buying a house is a long-term commitment, so it’s smart to think about how much you can get back if you sell it. The higher up in an upscale apartment building or condo you are, the less likely developers would install anything to impede your view, which may significantly impact your property’s resale value.
It’s important to remember that certain conveniences are in more demand than others. The presence of a swimming pool is less of a deal breaker than a home office is nowadays. Climate change may also reduce the resale value of waterfront properties. However, homes constructed on stilts or raised platforms farther inland may be more appealing.
These are considerations to consider if you want to purchase a property in Longboat Key. You might expect to spend more than you would in other parts of Florida and may need access to all the conveniences you’re accustomed to. But if you’re seeking a secure community with year-round access to the sea and excellent eating opportunities, Longboat Key is an excellent alternative.
