When buying a luxury waterfront property that’s one of a kind, often people don’t quibble about the price. That has been the case with the Hamptons for years, and things are unlikely to change anytime soon. Not even the pandemic seems to hinder sales. So, why should now be the right time to buy water property in the Hamptons? Simply because it is always a good moment to buy a waterfront home here, and the current situation with the local market proves it.
Hamptons 2020 real estate market is extending steadily into the new year
The upsurge in sales may have worried buyers interested in a Hamptons property. However, the main reason for that flux is relatively easy to explain. New Yorkers needed a nearby outdoor destination to ride out the pandemic, and what better location than the Hamptons? Barely two hours from Manhattan, the area offers a great variety of homes for sale and rent. During last year, rental capacities were full and listings sold within days.
Sellers either left the Hamptons due to a lifestyle change or because they moved out of the area. The ongoing situation has simply urged them to act preemptively, and it continues to do so. There’s no better moment to buy a spacious waterfront home in Peconic Crescent and escape the NYC asphalt, whatever 2021 may bring. A wave of sales will last only so long, and if you want to ride that wave, get on board as soon as possible.
Charming, twelve months a year
Does the right time to buy water property in the Hamptons and move here extend year-round? It does, simply due to its unique location. Imagine watching panoramic ocean views from almost every room in the house, fishing from a boat, and docking to your own private spot, and lounging on your private beach — in your backyard. Moreover, a long-distance relocation to the Hamptons Bay area is practically effortless because a simple transfer for New Yorkers who decide to relocate here is all but guaranteed.
So, it doesn’t surprise at all that many New Yorkers decided to exchange their urban lifestyle for the 365 days in the Hamptons. Switching to remote work during the last year has allowed many people to explore such a lifestyle shift. And when the business hours end, new residents can enjoy boating and exploring the creeks, bird watching and biking, as well as diving into the local artistic and historical legacy.
The Hamptons are always a worthy investment
If there was ever the right time to buy water property in the Hamptons, it is now. New residents are unlikely to leave anytime soon, and those limited, relatively inexpensive homes are going to become even more scarce. Have you ever dreamed about an affordable Westhampton waterfront home with a pool and a dock? Acting quickly will ensure you get an excellent return on investment later, no matter how you decide to use your property. And there are a few good options. You can wait for the moment when good listings become absolutely rare and then sell.
If you wish to keep and enjoy your Hamptons home on occasion, rent it. In case you want to fully embrace the quality of life here, move here and let yourself enjoy. Just make sure you remember everything and don’t let anything slip with the help of your real estate agent. A rush back to NYC as it was to the Hamptons earlier last year is highly unlikely. This is because most people adapted to the remote working style and are not tied to their Manhattan offices. Besides, those who never planned to truly leave the Big Apple have rented homes in the Hamptons. The easing of the pandemic is not expected to affect the local market in any drastic way
Buy a waterfront now and beat the renters to it
Does enjoying the privacy of a Hamptons Bay home with a private beach and spending days cruising, fishing, waterskiing, and exploring sound attractive enough? If it does, you will have to purchase the waterfront home before current renters do. The people who regularly rent in the Hamptons are familiar with the area and with the current owners and might have a head start when it comes to contacts and access to the most attractive properties.
However, don’t despair. The only ally you need on your side, in this case, is an experienced real estate agent. With an excellent insight into the local waterfront property market, your agent will lead you through the process as quickly and effortlessly as possible, all the while representing your best interests and ensuring you get the best from the deal. Check USAWaterviews.com to find an experienced New York waterfront real estate agent.
What can you expect from the Hamptons and its real estate market in 2021?
As more and more New Yorkers relocate to the area, you will likely have excellent company should you buy a waterfront property here. The seller’s market, as it often is in the Hamptons, is expected to continue well into 2021. The houses are being viewed via video calls and deals are being signed following the current health and safety measures. Even though the ongoing situation tends to stabilize, the new lifestyle seems to appeal to New Yorkers and other new Hamptons residents. There’s no reason why you shouldn’t pick the right time to buy water property in the Hamptons and join in.
You don’t have to buy a mansion to get the best of the bayfront area. Each waterfront home speaks its own story through the shuffle of sands, humming of waves, and soft creaking of your very own dock. The Hamptons aren’t only the posh summer escape destination that combines high life and being “high on life”. It is also a home for the steadily growing number of homeowners and you can become one of them this year.