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~ Cost Estimates ~

Floating residences are becoming increasingly popular to those who are looking for solace and peace from the tranquility of the sea. Having been received in a new light, floating homes is now seen as a symbol of wealth and affluence. With a short supply of approximately 500 units in places like Seattle, such luxury abodes may only be affordable to a privileged few. To those who are keen on venturing into such specialty homes, here are some features that may cause its rising premium.

 

1.     Specialised architects have to be engaged to construct these homes in order to prevent them            from sinking, protect them from choppy waters, and provide a barrier against inclement weather.
 

2.     Homeowners may need to pay separate government property taxes, marina berth age fees,               and, in some cases, homeowners' association fees.
 

3.     Utility costs and home insurance costs are different for floating homes.
 

4.     The onus falls on home owners to inspections their homes regularly to ensure that their homes           are water tight and fully habitable

Despite its higher initial costs, potential owners may want to consider some cost saving aspects that may cause cost competitiveness of these floating homes over the long run: 

 

1.     The upside is that many floating homes are built using green technology, such solar panels. The        use of high quality, long lasting materials that can help floating homeowners save, and gradually        recoup the added initial costs over time.
 

2.     Demand for waterborne living will always exceed the rate at which new developments can be            created and therefore prices of these homes are expected to increase. This male floating homes        a solid investments for the right individuals.

 

The price of a floating home therefore usually ranges from hundred thousands to millions. Most of these units are cost according to its size, location and specification, in exactly the same way that land based houses do.

 

 

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