Things to Know When Buying a Waterfront Home on Pasco's Gulf Coast

Owning a waterfront home is the goal of many Floridians who live near the coast.  Here on the Gulf coast of Pasco county we have 3 Gulfside cities that our customers look to when buying  waterfront home.  There are some specific things to think about whether you are interested in living in New Port Richey, Port Richey or Hudson on the water.

You need to know how buying a home on the water will affect

your financing.  Property taxes and homeowners insurance are higher on waterfront homes.  You will be required to have flood insurance as part of your home owners insurance and if the roof and windows are not up to wind resistance standards, you can see even higher insurance rates.  Your taxes and insurance are calculated into your Debt to Income Ratio or DTI.  In essence, your DTI is the difference between how much money you net each month and how much your expenses are each month.  You will need to speak with your lender to verify that your DTI can support the higher taxes and insurance.  Please don't think that means you can't live here and own a boat even if you don't buy a waterfront home. We have a number of free boat launches along Pasco county's Gulf coast. 

You will also want to evaluate what you must have in your waterfront home.  Your finances may dictate how much you can spend on extras for the home. Extras like a floating dock, a davit, repair of the seawall upgrading windows and exterior doors and other extras you may wan like a fish cleaning station.  You may already own a boat and you will need to verify that the canals are deep enough and wide enough for you to make turns in order to get out to the open gulf.  You should evaluate your situation and with your Realtor, discuss what you must have in the home before you head out looking.

We are here to assist you in Buying or Selling a waterfront home in western Pasco county Florida in New Port Richey, Port Richey and Hudson.  Contact us to discuss your real estate needs.