When you are in the market to purchase a lakefront property where you can relax for vacation or that you can make your full-time residence, it is important to evaluate a property before you decide to make it your new property. In addition to inspecting the home and evaluating it for its size and interior accommodations, there are some essential recommendations to follow that are specific to a property situated on the water. Here are some tips to help you as you search out a lakefront property to buy.
Check Into the Shoreline
When you are planning to buy a house on a lake, you will want to check into the lake as thoroughly as you look at the house. The lake is going to be a contributing factor to your future property, so you need to understand what it is all about and its history or what the future of the lake may bring.
Look at the condition of the water and the shore to see if the lake is going to provide you with the recreation you want from it. For example, if you want to swim in the lake or spend time on a boat, look at the quality of the water and the water and beach site along the shore. Are there a lot of rocks, sand, or grasses that will get in the way of your beach time? Is there a dock extending out into the water or will you be able to keep a boat at a nearby pier or boathouse?
Check out the lake's history and find out if it has ever flooded too close to homes along the shore. Or, is there a possibility of the lake shore receding due to local summer irrigation or in the event of a drought? Ask your real estate agent to check into these details to thoroughly investigate the history and future of the lake and its shoreline.
Evaluate the Property's Costs
An obvious cost when you are shopping for a lakefront property is the cost of the home and its land. But in addition to this obvious cost, evaluate the insurance rates for the property as well. You will need to check out how much this will cost you as the owner of a lakefront property, in addition to if you need to get flood insurance or coverage for wind events.
Is there a dock on the property? Will you need to pay dock fees or any expenses related to its rental? Also look at the local utility services to find out about sewer and water costs. If the property has a well where you obtain the water, are there any extra costs with the well's water access or maintenance? Then, if the property has a septic tank, be sure you check into its condition to see if it needs repairs or a replacement soon.
For help finding lakefront properties for sale, contact a real estate agency like The Stockton Team: Keller Williams Showcase.