A home on the water is an appealing option for any buyer. Homes in Canada that are situated on or near a lake, river or ocean are more likely to sell for a higher price. If you’re looking to invest in a property on the water this spring, look no further than Vancouver Island. Owning real estate in this locale is sure to diversify your property portfolio and yield a high ROI. Whether you’re a homeowner or an investor, waterfront properties in the Comox Valley make ideal investments. To help you decide where to buy your next home, we decided to compile a list of reasons why you should consider investing in a waterfront property in Comox Valley. Follow along below to learn more.
Why Should You Invest in a Home on the Water?
Buying a home on the water has several benefits. Those who have purchased waterfront real estate before will know that one of the greatest perks is the demand your property holds. Buyers all across the world share the knowledge that a waterfront home is a coveted investment. As such, when the day comes to relist your property, you can rest assured that there will be a buyer waiting to make a bid. Especially if you’ve kept up with maintenance or turned it into a profitable business (wedding venue, rental home).
Moreover, there is an apparent scarcity of waterfront real estate available globally. Many municipalities/governments have put restrictions in place to prevent homes from existing on waterfront land. As a result, properties that exist in proximity to bodies of water are often safeguarded from inflation and can help investors preserve capital. In other words, during market downturns, waterfront real estate is generally more resilient than properties that are not on the water. In addition to this, their limited availability makes buyers all the more prepared to pay a higher asking price.
Having a waterfront property is also advantageous for its potential uses. A home on the water can easily be converted into a vacation property, rental investment, or primary residence. Furthermore, depending on the zoning, you could also start a business on the property, featuring the waterfront as a memorable backdrop. From swimming and sailing to fishing and water skiing, there are endless possibilities for the use of waterfront real estate. These types of properties are generally in demand all season long, as water bodies often provide a peaceful retreat for leisurely activities.
More Reasons to Purchase Waterfront Properties in the Comox Valley
Living close to the water isn’t all about the capitalistic benefits, it’s also directly related to improved health and well-being. For instance, in a study conducted by Dan Crouse in New Brunswick, he found that those who lived in proximity to the water saw a 12-17% increase in lifespan. It’s also been noted that being near the water contributes to stress reduction. Water has long been known to have a calming effect. Thus, the peaceful environment of a waterfront property can help promote relaxation.
Further to this, researchers have discovered that being near the water encourages individuals to be more active. As well as spend more time outdoors. The air quality near water bodies is also said to be better due to fewer pollutants in the air. If you’re someone who likes to listen to the sounds of water to help you fall asleep, it may come as no surprise that living near the water leads to enhanced sleep quality.
Beyond the health benefits, there is also the potential to diversify your investment portfolio. As an investor, keeping your portfolio risk-free has a lot to do with ensuring that you have a range of different investments. This way, during points of economic instability, you decrease the chances of major portfolio losses. Investing in only one type of real estate can increase your odds of bankruptcy. As such, a waterfront home could be a good addition to your current investments. Especially, given the nature of their resilience.
Contact us Today About Properties in the Comox Valley!
Spring is rapidly approaching! Now is the time to get a move on your 2024 goals in real estate! If you are curious about investing in waterfront properties in the Comox Valley, we encourage you to contact us today! Moreover, if you have any questions about real estate for sale in the area, be sure to reach out to us! We are excited to get your aspirations on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.
