4 benefits of buying a home on the shore

Buying a home on the shore is always exciting as it can change your life in more ways than you imagine. Also, if this is your first home, it doubles the joy as you have the pride of living in your own property.

Here are some benefits of buying a home on the shore.

Tax benefits

Buying a shore property comes with many tax advantages. The Internal Revenue Service (IRS) gives federal tax breaks, even if it is your vacation or second home. In addition, the local and state taxes you pay on your shore property is also deductible, in most cases.

If you plan to rent out your property, you can even deduct home improvement costs. But to qualify, you have to rent it out at least 14 days in a year.

In case your deductible rental expenses are more than your gross rental income, you have the option to report a loss, which means, you can adjust it against your  taxable income.

To make the most of these tax breaks, it’s best you take the help of a tax professional.

Property value appreciation

Despite the slump in housing prices last decade, there’s much to cheer now, especially if you own or plan on buying a home on the shore. This is because real-estate professionals opine that shore properties have shown a brisk pace and they expect the market to go up within the next few years, as more people want to move to a tranquil living place.

This means, you’re likely to get the best value for money when you buy a shore property now.

Breathtaking beauty

Imagine waking up to a beautiful sunrise amidst the calm waters. Such breathtaking beauty is sure to get you off to a good start every morning.

You can showcase the beauty of your property to your family and friends too, by having them over a weekend or a long holiday. This will help you to socialize and bond with them amidst nature, and is sure to boost your relationship as well as the spirit of your guests. They would definitely want to come back for more.

Healthy life

Living in a house on the shore can be a peaceful experience, as you’re away from the hustle and bustle of city living. The calmness around you, the sounds of water and the pristine air will have a magical effect on your body and mind. You will no longer feel sad or depressed, as living close to nature will heal you in its own way.

A shore property gives you many options for physical exercise as you can walk, run or jog along the coast. The fresh air will do a world of good for your lungs.

To top it, you can do meditation and yoga in a serene environment for a more beneficial effect. All these together will help you live a healthy life.

Now that you know the benefits of buying a shore property, make it your own right away.