Purchasing a luxury home that sits on lakefront property is a dream that many people aspire to. If you find yourself in the position of looking for luxury homes for sale, you'll want to know what to look for when purchasing a waterfront house. Use this guide to help you find the ideal location for your dream home.
Fall In Love With The Property
When shopping for a waterfront home, be sure that you are as in love with the land and the water as you are with the home. You can always remodel or change the home, but if the waterfront is lacking a beach or is too rocky for relaxing at the water's edge, you may want to consider a different home. Talk to people who live in the area to see if the fishing is good and whether or not the water is ideal for swimming. Some lakes may have undertows that make conditions dangerous for even wading in the water. Making sure that the land and the body of water fit your needs should be a main concern as you shop.
Ask About Modifications To The Property
Some waterfront locations have rules and regulations regarding the construction of new structures. This may be due to the area experiencing a lot of flooding, or it could simply be that the local government wants to preserve the view of the shores. If the land doesn't include a key building or structure, such as a pier or boathouse, be sure that you will be able to build one after you purchase the home. You don't want to end up with land you can't build upon as needed.
Inspect The Home Thoroughly
Even luxury homes can be prone to problems, particularly if they are situated near the water. Check the walls in the basement and on the ground level to look for water marks or other signs of previous flooding. For homes situated on oceanfront property, look for signs of the incoming tide on the exterior of the building. Check for signs of erosion in the soil surrounding the home. If you do decide to purchase the property, list out these concerns so your home inspector can look for any signs of damage associated with the location near the water.
You should also consider hiring a real estate agent with experience buying and selling waterfront properties. He or she will be able to advise you as you shop to find the right property for your needs.