When you're looking for a relaxing getaway—and maybe a source of passive income—buying a beachfront vacation home can be an excellent investment. This purchase provides you and your loved ones with the flexibility of taking a trip whenever you want since you don't have to work around the rental schedule of other owners. However, having your own space is a significant responsibility. When browsing oceanside condominiums and houses, here's a list of do's and don'ts to ensure you choose the ideal property. 

Do:

Consider upkeep. 

The primary options for vacation homes are houses or condos. There are many factors to consider when deciding which type of space is right for you. Think about your budget, proximity to the property, and whether you have a property management team to check the home between renters. 

Condominiums are often a part of homeowners associations. Even though you have to pay a fee to belong, it comes with the added bonus of exterior landscaping services, professional cleaning for common areas, and access to a maintenance team. These features can be beneficial because they mean you won't have to do as much upkeep on your own.

Think like a guest. 

Before falling in love with a vacation home, take a moment to walk the space like a potential renter. Consider the amenities a property provides, such as parking, evening lighting, outdoor dining space, bedroom and general house layout, and what appliances are available on-site. These features can boost nightly rates. Having a pool in addition to beach access can also lead to additional bookings.

Don't:

Forget about the neighbors. 

When touring properties, it's easy to get wrapped up in the delightful views and proximity to the water. However, before making a decision, get the know the neighbors. 

Walk by other nearby properties to ensure they're well-maintained. Talk to residents in the area to get a better understanding of their habits and the community as a whole. A sleepy area of retired folks versus a lively region that's known for enticing younger travelers will create very different experiences for your family and potential renters. 

Skip inspections and insurance. 

Schedule a comprehensive home inspection before finalizing the purchase. Look for an inspector that has experience with coastal properties for added peace of mind. After the sale goes through, and once you're preparing to enjoy and rent out your property, secure homeowners and disaster insurance to protect yourself from unforeseen circumstances, like hurricanes and inclement weather.

Coastal Properties is the perfect resource if you're thinking about buying or renting a beachfront vacation home on the Gulf Coast. This dedicated real estate team has nearly two decades of experience, and they provide premier services to the residents and visitors of Greater Orange Beach, AL. Call (251) 981-4951 to discuss available properties for sale, and visit them online to learn more and browse photos of their vacation rentals.