Buying a waterfront home is very different from purchasing a traditional home, as there are potential issues and risks that may occur with this particular type of property.
When looking for the perfect waterfront home, it’s important to remember that it’s not all about the gorgeous ocean views and private beach access. You need to ask the right questions, otherwise you may end up regretting your purchase.
Below are three important questions to ask when buying a waterfront property:
Are both the home and the land it sits on worth the purchase?
When buying a waterfront property, you need to consider both the home itself and the land it sits on. If the home requires a bit of renovation but is situated in a prime location, you may need to renovate.
If the home is top-notch, but the area is, for example, a muddier and more unattractive part of the beach, you may need to think twice about purchasing the property – would you really go through with buying a waterfront property if it’s in an undesirable area?
What is the lake or ocean like in this neighborhood?
You’ll also want to find out what type of water activities and amenities are available in the area. Do you enjoy activities like fishing, boating or swimming? You have to know if the water is excellent for those. You may also want to ask regarding water conditions during different seasons.
Is the property built to withstand the elements?
You need to find out whether the home is built to last against floods and hurricanes, especially if its in an area that’s prone to natural disasters. One way to find out is to hire a home inspector, who can tell you whether or not the home is built for the environment it’s in.