Tips for Buying Waterfront Properties: Buy a Home in St. James, NC

Important Tips for Buying Waterfront Properties in St. James, NC

Buying waterfront properties comes with unique challenges and opportunities. Here are some important tips on how to do it:

1. Property Inspection

Waterfront properties are exposed to different environmental conditions. Ensuring a thorough inspection is crucial to checking for issues like erosion, water damage, and structural integrity. These properties require careful examination to avoid future costly repairs and to maintain their value over time. For those looking to buy a home in St. James, NC, working with an experienced realtor like Thomas McCloskey can be invaluable. As a seasoned realtor in St. James, NC, Thomas can connect you with trusted inspectors and provide insights into potential property concerns specific to waterfront homes in the area.

2. Insurance Costs

Waterfront homes often come with higher insurance premiums due to their exposure to risks such as flooding and storm damage. Prospective buyers should be prepared for these additional costs and should consult with their realtor about potential rates and coverage options. When you buy a home in St. James, NC, Thomas McCloskey can help you handle the complexities of obtaining insurance for waterfront properties. His expertise as a realtor in St. James, NC, ensures that you get the best advice on managing these costs effectively.

3. Environmental Regulations

Understanding the local environmental regulations that may affect your property is essential. These can include restrictions on construction, landscaping, and water usage, all of which can impact how you use and enjoy your waterfront property.

Thomas McCloskey, a knowledgeable realtor in St. James, NC, can provide detailed information about these regulations. When you decide to buy a home in St. James, NC, Thomas's guidance will help you comply with local laws while making the most of your waterfront investment.

4. Future Development

Researching any planned developments in the area is important. Future projects can impact property values and your enjoyment of the location. Knowing what to expect can help you make a more informed decision about your investment. As you consider buying a home in St. James, NC, Thomas McCloskey can offer insights into upcoming developments and how they might affect your property. His experience as a realtor in St. James, NC, will ensure that you are well informed about the future prospects of your waterfront home.

Why Work With Thomas McCloskey, Realtor in St. James, NC?

Thomas McCloskey brings years of experience and St. James, NC, real estate market knowledge. His expertise in waterfront properties makes him a valuable ally in your home-buying journey. Thomas is committed to providing service, ensuring that each client’s unique needs and preferences are met. Thomas McCloskey enjoys an active lifestyle. As an avid boater and fisherman, he discovered the Cape Fear Estuary and St. James Plantation in 2021. From that point on, he was singularly focused on making this community his home and living the St. James lifestyle. 

St. James Plantation is an extremely active community with numerous golf courses, clubhouses, tennis and pickleball courts, gyms, pools, restaurants, and social clubs, all of which Thomas found very attractive.

As an additional bonus, Thomas can assist others in making a similar life-changing decision as he has joined St. James Properties as a real estate broker. Prior to joining St. James Properties, Thomas led a successful real estate sales team on the North Fork of Long Island for a decade, logging $140 million in sales. When you choose to work with Thomas McCloskey, you gain access to his extensive network of professionals, including inspectors, insurance agents, and legal advisors, all of whom specialize in waterfront properties. His local knowledge and dedication to client satisfaction set him apart as a top realtor in St. James, NC. Whether you're buying your first waterfront property or adding it to your real estate portfolio, Thomas's guidance will help you make a well-informed and confident decision.

It's important to note that the North Carolina Rate Bureau has requested a substantial rate inrease for rental property insurance, proposing an average statewide increase of 50.6%. This filing, submitted on July 13, 2023, aims to raise rates starting June 1, 2024. So, make sure to consider these potential costs when planning your purchase.

Buying a home in St. James, NC, especially a waterfront property, is a dream for many. With the right realtor, such as Thomas McCloskey, and a clear understanding of the local market, you can make this dream a reality. Start your journey today and embrace the luxurious coastal lifestyle St. James has to offer. Contact Thomas McCloskey, the best realtor in St. James, NC, and begin your waterfront property search today.