What to Know about Naples Waterfront Homes for Rent

High angle photo of three white boats beside brown building

If you’re in search of rental opportunities in Florida, you’ll most likely observe the preponderance of Naples waterfront homes for rent or sale. While renting a choice apartment is a memorable feat for most individuals, the satisfaction that comes from renting a waterfront home is incomparable. 

Are you thinking of renting a waterfront home in Naples, Florida? For instance, you won’t find the gentle breeze and beautiful view of the natural environment in any conventional rented apartment in the city. This essential guide contains all you need to understand to make an informed rental plan.

What Are Waterfront Homes?

A waterfront home is a residential property that’s close—or around—a body of water. Of course, a property doesn’t have to be near an ocean to be a waterfront home. A rental property proximal to a small lake or river could also serve as a waterfront. However, note that one fundamental condition is that the water ought to be natural. That is, buildings near artificial pools don’t count as waterfront homes.

In the same vein, there are similarities between a beachfront property and a waterfront property. While all beachfront houses count as waterfront properties, not all waterfront rental properties are beachfront rental properties.

Before signing the papers on any Naples waterfront homes for rent, ensure that the property fits your expectations. For instance, if you want an apartment with a seafront in your backyard, you know where to channel your search to.

What’s More to Know about Naples Waterfront Properties?

The amount of conventional homes you’ve rented in the past is inconsequential when renting a waterfront home, seeing as buying an oceanfront home is an entirely different experience. When considering renting or buying waterfront homes Naples, Florida, the following are things to bear in mind.

Privacy and Serenity

As you may already know, there’s a meager chance that there’ll be a train track or busy highway around a waterfront. Additionally, waterfront homes don’t have as many neighbors as you’d find in a conventional rental facility. So, you can rest assured of having both peace and privacy in any beach houses in Naples, Florida.

You may crave a vacation rental property or short-term apartment where you can go to hide away from the city’s noise. Moreover, the degree of privacy available in a waterfront home is second to none. There are relatively lower chances of having a prying next-door neighbor with no apartment behind yours.

What’s more? You can avoid industrial noise and pollution as no companies construct their plants on or near the water. Add the absence of corruption and noise from companies and traffic to the uncommon privacy, and you have a compelling asset in waterfront homes.

New and Exciting Possibilities

What do you think of yourself casually playing some aquatic sport to take a break from the day’s exertion? Sounds thrilling? If yes, then you’ll enjoy living in Naples waterfront homes for rent.

The continuous flow of water allows you to maximize a host of novel water games and sports. That’s not all. You can also fish and go skating only a few meters away from your sitting room.

However, you don’t have to buy the idea of water games. Rivers, lakes, and ocean aren’t all there are to a Naples waterfront home. You can readily play beach soccer or any other sport you’d enjoy in your conventional rental house too.

Green grass lawn near body of water

Is Renting Cheaper than Buying a Waterfront Property?

Renting a waterfront home or buying Naples, Florida homes for sale is an eventful decision, with advantages and disadvantages to either choice. According to a Pew Research Center survey, more houses rent today than ever seen in the last 50 years.

Often, rental properties require making a security deposit, such as damages for which the renter was responsible. In most leases, the renter deposits the first and last months’ rent payments. Before signing a lease agreement, inquire whether your monthly rent includes the cost for utilities like Internet, water, gas, or waste disposal.

Homes require regular repairs and maintenance, and as a renter, the landlord typically bears such responsibilities. For example, if something serious goes wrong with the HVAC system or roofing in a waterfront apartment, it’s the landlord’s responsibility to repair it.

On the other hand, one of the most significant costs attached to owning a home is the monthly mortgage. The mortgage typically consists of a portion of the loan’s principal plus interest. Meanwhile, the mortgage payments could fluctuate over time if your taxes or insurance premiums change with time or if the loan is variable-rate.

Per the down payment on a purchased waterfront home, intending homebuyers would likely have between three and 20 percent of the home’s price on purchase. Where the down payment is less than 20 percent, the lender would typically ask you to buy private mortgage insurance (PMI). And having a PMI on your mortgage agreement would increase your monthly dues as well.

One more thing to note about buying a waterfront property is the homeowners’ association dues. If the property under consideration is in a homeowner’s association, you’d also want to include monthly HOA dues to cater to community amenities, landscaping, and so on.

The landlord will have to bear the burden of such repairs and continuous periodic maintenance, and all this could quickly add up.

Final Words

Purchasing a waterfront home might not be the best if you intend to save some bucks at the closing. Waterfront properties qualify as luxury homes, and there’s a higher demand for them than traditional homes.

Therefore, renting a waterfront residential property might be a far better decision you’d make. Moreover, you’d also bear less responsibility than if you were the homeowner. Nevertheless, a home for sale in Naples, Florida, with a pool might be a good buy for real estate investors interested in landed portfolios. 

So is it better to rent than to buy a waterfront home in Naples, FL? The correct answer isn’t a straight jacket one. It depends on how long you plan to stay on the property, your long-term family, career, financial goals, and how much you can afford.

If you’re not sure of the new city you’re moving into, have an unpredictable job in hand, or want a home away from home for relaxation, renting a waterfront property for a while can be an excellent choice.

By William Charles

My name is William Charles and I am the CEO of Orlando Real Estate Resource. For over 10 years, I have been helping people find properties for different purposes. From residential homes to investment commercial properties.

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