Here are some very helpful suggestions when buying a home on the island:
- Cell Phone Service: Believe it or not the island has some areas with very weak signals. Double check your location if this is important for you.
- Internet Service: The island is not 100% serviced by cable TV and internet. Definitely ask about the service for the property.
- Land Bank Fee: there is an additional 2% charge on the purchase price of the property. Be very aware and plan ahead for this.
- Insurance: since most homes are within a mile to the ocean, the rates are higher and there will be additional charges if the property is in a flood zone. Also, 2nd homes typically pay more for homeowner insurance since the home is not occupied full time.
- Ask about any home owner’s association fees, road maintenance fees or annual septic system inspection fees.