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Reply to "Should we buy a beach house?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If one ONLY buys on the beach, you're talking VERY expensive. You can't get insurance so basically you have to be prepared to lose millions. This is not realistic advice. However, desirability is definitely measured by walkability to beach as well as restaurants. You need to look at properties marked as in-town Lewes or walk. Anything else is a major risk. There is always a newer, better housing development being built. Do you really want to live in suburbia-by-the-beach?[/quote] We own [i]beach block[/i] in Delaware and are actually [i]not[/i] in a flood zone and flood insurance [i]was not required[/i]. We do carry flood insurance for our own protection. For homeowners you typically have to get from a local provider. I don't want people to think you can't get insurance or that its required.[/quote] Did you buy with a mortgage?[/quote]
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