With its temperate weather and unparalleled coastal beauty, Florida is a top vacation destination with thousands of visitors each year. Vacationers who prefer the exclusivity of high-end communities with luxury accommodations know they will find the perfect oceanside retreat in the Palm Beaches. Those who want to buy a second home in or around Palm Beach will have several desirable options. Here is some information to consider when buying a vacation luxury home in the Palm Beach area:
Buying in the Right Community
Having a second home in the Palm Beach area can be a good investment, and provide you and your family with an idyllic space to recharge and escape the stressors of daily living. This lavish group of towns offers its residents and visitors the best in recreational activities, shopping, and fine dining along with the privacy and amenities today’s luxury buyer expects. However, there are differences that may matter. For instance, an owner who puts a premium on solitude, quiet, and simplicity may want to consider the tranquility of Jupiter Island. Another may prefer the excitement of the equestrian events offered in Wellington. Some may want a lakeside view in Lake Worth while being close to the ocean. When you are selecting a property for your vacation home, consider what features matter most to you, and find a local real estate professional to help you find communities that best align with your preferences.
Making Your Purchase from Afar
Trying to locate and purchase your Palm Beach area vacation home while living in another city, state, or country can leave you at a marked disadvantage when it comes to finding the right property. If possible, you should travel to the community where you intend to purchase so that you have a sense of the neighborhoods and communities you like. If you are not able to visit, you will need to work closely with a local real estate agent who specializes in luxury properties in the town. Your agent will be able to give you their insight regarding the pros and cons of prospective properties and neighborhoods, and direct you to homes that may be right for you. When you identify the right property, your realtor will be able to help you connect with the best local real estate attorney to assist you with the legal aspects of completing your purchase.
Property Management and Hazards
Being away from your vacation home means you will require someone to attend to it in your absence. You will need to start looking into the property management companies who are experienced in caring for high-end residences. These homes tend to be on more acreage and have complicated features that you don’t want to leave in the hands of someone without experience. Additionally, you will want to have preparations in place for hazardous weather and a company you trust to act if there are severe conditions which threaten your home.
At Rabideau Klein, we have extensive experience handling real estate matters in the Palm Beach area. Guy Rabideau, Esq. and David E. Klein, Esq. are Florida Board-Certified Real Estate Attorneys with the experience you need to evaluate your Palm Beach vacation property transaction and protect your interests during every stage of the process. Contact Rabideau Klein today to discuss your real estate legal needs.