4 Things To Consider When Buying Waterfront Property

5 February 2020
 Categories: Real Estate, Blog

Buying a waterfront home requires a few additional points to consider for the potential buyers beyond that of how many bedrooms and bathrooms are needed. Using a professional real estate agent is especially important as you wade through the waters of a lakefront home purchase. 

1. Type of Lake: In the United States, lakes can be public or private. Public lakes typically have at least one boat launch that allows anyone who owns a boat to use the lake. This could add to congestion as well as an influx of less-experienced boaters during busy holiday weekends. Lakes are also typically classified as "all sports" or "no wake" lakes. If you have high hopes of water skiing and tubing during the warmer months, you need to purchase a home on an "all sports" lake. If, however, a quiet afternoon of fishing is more your speed, a "no wake" lake is for you.

2. Frontage Feet: Lake homes are sold by the amount of shoreline owned more than the size and condition of the house. A house with 200 feet of lakefront shoreline is more valuable than one with only 90 feet. You can't add physical feet to your beach, but you can remodel a house later. This is where using an expert real estate agent can help you sort out home values and make an informed purchase. 

3. Size and Depth of Lake: The size and depth of a lake is an important thing to factor in when buying a lakefront home. Die-hard fishers know that depth is as important to their daily catch as when and how the lake is stocked. Water ski fanatics will soon realize that it is difficult to get a good run when the lake is too small. If you know you have specific requirements, do not look at homes on a lake that does not meet those requirements no matter how good the deal. 

4. Invasive Species: Another unfortunate topic to consider when buying a waterfront home is invasive aquatic species. Sadly, invasive aquatic species from other places have made their way into the Great Lakes and other national watersheds. These invasive species have no natural-born predators in this part of the world and are decimating the local vegetation and, in turn, the fish and other aquatic life. A lake overrun with invasive species may reduce property value for homeowners. 

From finding out how many feet of lake frontage homes have to checking how many feet deep the lake is, buying a lake home presents its own, unique set of questions that a real estate agent experienced in selling lakefront homes can guide you through. 

To learn more about waterfront homes for sale, contact a real estate agent.