Waterfront properties are like a piece of paradise. They offer unique opportunities which are unparalleled and also offer aesthetic and recreational facilities that are simply stunning. At waterfront properties you are coexisting with nature and meeting unique challenges that are natural as well as man-made. You could also be living a great life next door to a golf course. Buying a piece of land is an important decision but there are a few twists that come along with purchasing the waterfront properties which make it different from buying a piece of property in an old subdivision. Mentioned below are a few tips that should be kept in mind while you are seeking a perfect waterfront property.
1. Before buying a property always go to the site and inspect it personally. Take your time and examine it closely. Try to obtain a copy of the site plan so that you know where the property is exactly located.
2. Prior to buying, take a look at the history of the piece of land concerned. Many a times, the landowners do not have adequate papers that show that the land is free. It could be possible that the land on which waterfront property has been built does not have environmental permit or does not comply with mangrove regulations. Try to determine whether the property is a friendly undertaking or if there was some sort of controversy involved. Try to find out what was on the land prior to your dream home.
3. Always talk around with your neighbors. See if they are happy with the amenities provided by the developer. They will be the right guides and advise you correctly because they are ones who have been staying here for quite a while.
4. If you are planning to take a property near a lake, check whether the lake water level is constant or varies with the season. Any drastic change in the level should be completely avoided. Also, see whether you are buying a waterfront property that is in a flood zone. Properties in a flood zone are difficult to get insured. Verify if there are any flood plain restrictions. Moreover, flood zone properties can be a menace, especially during the rainy season; if your state is prone to heavy rains.
5. If you have seen a beautiful waterfront property and have instantly fallen in love with it, make it a point to control your emotions and check out other properties as well. Take the help of a friend or a local real estate agent.
6. Try to determine how the waterfront property is going to be during the changing seasons. An important indication is the water level, especially during the dry seasons.
7. One significant tip that most of the buyers forget is that even though the waterfront property is like your dream home, do you have access to electricity and clean water? How are the sewage conditions? Don't just assume that your agent or developer will give you these things along with the home.
By:Ryan Tollefsen
