When you want to build a custom beach house, Royal Coasts Builders presents plans that contain all the features you want. For most people there are three main questions to ponder:
- Will the home be just for my family or will it be rented out all or part of the year?
- What is the budget?
- What environmental and zoning concerns come into play?
At Royal Coastal Builders, we can help you work through the answers to all these questions so that you will have a beautiful home that meets your needs.
Will The Home Be A Rental?
Whether you are going to live in your home year-round, use it as a vacation home for your family, or rent it out, you can plan a home based on your preferences and your budget. if you anticipate earning rental income from the property, you will want to include features that traditionally appeal to renters. Realtor Magazine claimed in 2019 that the median rental income in the Galveston Port Bolivar area was $40,791 while the median price was $329,900 and the rate on investment was 5.6%. Rating out your property for all or part of the year can make a substantial contribution to your mortgage.
Vacation home renters often look for these features:
- Open floor plans that offer flexibility for groups of all sizes.
- Enough sleeping rooms to accommodate one or more families, which makes multiple master suites and separate bathrooms for each bedroom attractive. Multiple beds can be put in larger rooms.
- A well-laid-out kitchen so renters can cook meals at home. After all, many come for the fishing, so a kitchen with room enough to cook their catch is a must. Make sure to include plenty of counter space and a deep sink for washing pots and pans.
- Extra rooms such as game rooms or media rooms to offer guests things to do when the weather is bad during their stay.
- A location on or near the beach. Renters want easy access to the water, so proximity is important. For boaters, having a boat slip or dock to their watercraft offers extra value to renters with boats.
- Porches and decks to accommodate sitting outside to enjoy the view.
- A pool. Whether you have property facing the water or especially if you don’t, having a large pool appeals to renters. Hot tubs are also a plus.
- Pet-friendly location. Allowing pets in your rental property can lead to damage and early wear and tear, but pet-friendly rentals tend to have steadier stream of renters. Plan for a mud room for cleaning off sandy dogs (and kids!) and possibly crating pets.
Royal Custom Builders can design a beach house with features sure to please you and future renters.
What Is Your Budget?
The sky’s the limit when building a custom home, but it’s best to consider the whole cost, determine whether you plan on rental income, and then stay within budget.
- Your lot may need costly evaluation, permits, clearing, earthmoving, and utility installation that adds thousands to the building cost of your own.
- You will need a construction loan during the building process that you will have refinanced once the home is complete
- Unless you are paying cash, you will probably need a larger down payment than usual to qualify for a mortgage.
Royal Custom Builders will explain the financing considerations to you to make the construction process easy and navigate you through the process.
What About Zoning And Building Requirements?
Because Galveston is located in a historic coastal area subject to hurricanes and other storms, local building requirements reflect local zoning ordinances, design requirements, federal flood plain guidelines.
Homes close to the water may have to be built on stilts to keep them above tides and floods, while other homes in the area may require shutters or hurricane-resistant glass, and sturdy building materials and construction practices. When a property is near or surrounded by water, the risk of flooding is high without taking precautions to limit damage during storms. In addition to requirements to keep your home safe, the city has additional design guidelines to assure that your property matches the local design aesthetic and incorporates green building standards whenever possible.
Royal Custom Builders knows how to build beautiful yet serviceable Galveston home, so we will make sure that we build it right.
Call Royal Custom Builders at 281-254-5087 today to get started.