A coastal apartment is a residence on or near a coast, either used as a second home or vacation home for those who commute there on weekdays or vacation months. Coastal homes are located along bodies of water that face the shore or are located in close proximity to bodies of water that are not on the coast, including oceans and seas. Coastal homes can be designed with an ocean view in mind, but many coastal apartments are also built on private land that is not open to the public. Coastal apartments can have amenities such as running hot water and power, although many do not.
Popular Apartment Designs in San Francisco
Homes in the San Francisco Bay area are very popular among those who are looking for more space than they require in their home. In the East Bay, the Excelsior has long been one of the most popular coastal apartments due to its proximity to the Richmond Street ferry. The ferry is the only way to get to the ferry terminal, which is only a few blocks away from the apartments. The price of an apartment in the East Bay is low due to the low real estate prices in the area. In San Francisco proper, a similar style of coastal apartment can be found in the SOMA district.
There are many other common styles of coastal apartment such as ones in Emeryville. These include studio and one-bedroom units. Many of the studio dwellings are located in the SOMA/ SOMA canyon area where loft-style architecture was popular in the 1970s. Other coastal apartment dwellers may choose to live in an oceanfront cottage style unit on the Pacific Ocean or at the foot of the pier in the Financial District. Some people like to call their coastal apartment a "high-rise" living space because of the high ceilings and prevalence of large windows.
Advantages of Renting an Apartment on the Coastal
Due to the lower cost of building in coastal markets, many less-expensive dwellings are available for lease. Some of these are more rustic than contemporary, while others are more contemporary than country. Coastal apartment reits are appealing to a broad range of buyers and this is reflected in their listing prices.
Many coastal apartment reits are priced in the same way as suburban properties. They will usually have similar floor plan features with a few unique elements. For example, an oceanfront cottage may have a kitchen island with a grill and ample room for family gatherings and use of the master bedroom as a nook for writing and relaxing. A popular amenity in many of these homes is a fire extinguisher mounted on the wall. This adds to safety and to the upscale appeal of the property.
Comfortable Coastal Apartment Design
Coastal home owners in San Francisco are looking for a home with all the conveniences of suburban living but at a fraction of the price. Most coastal apartment homes will be on par with similar-sized suburban homes. The difference lies in the architecture and design of the interior. Coastal home owners who use a coastal home design template to develop their project will find that their home is designed to maximize the value of their real estate dollar.
Coastal cities cater to an increasingly educated urban migration, which is creating higher-end job markets in coastal cities like San Francisco and Santa Barbara. As the urban migration continues, the demand for residential property will increase. coastal cities can benefit from this increased demand by offering more affordable housing options. This, coupled with coastal cities' easy availability of jobs, will ensure that coastal cities will continue to attract new residents and new business ventureters.
As the mass exodus continues, homeowners will need to do whatever they can to secure financing. Unfortunately, California does not have many attractive, real estate markets, which will attract more venture capital and more sophisticated buyers. However, if the mass exodus from the cities ends and the city dwellers begin to purchase properties at prices that reflect their more reasonable living standards, then coastal apartment reits will prosper.
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