Buying a Lakefront Property? Here Are 4 Things to Consider Before You Buy

Buying a home is always a big decision, but if you are considering a lakefront home, you have additional factors to consider. Make sure your home purchase will meet your needs and lifestyle by asking yourself a few important pre-purchase questions.

How Much Do You Love the Property?

While features of the home can always be updated or renovated, the property itself should be your primary concern. Do you have a pleasing view of the water, easy access for swimming or boating, and does it offer the amount of privacy that you desire? Make sure the location you are considering suits your preferences when buying a lakefront home.

Can the Home Stand Up to the Weather?
Lakefront homes are subjected to more harsh weather conditions than homes on other properties, so look for features that help keep your home protected, like storm shutters and stainless steel locks which are corrosion-resistant.

Are You Working With a Lakefront Property Specialist?

When buying a home on the water, it is vital that you work with someone who specializes in the area and can guide you towards a property that is right for your needs. A lakefront property specialist will be able to give you helpful information about average water level fluctuations, water quality, and any shoreline erosion issues. He or she will also be able to tell you about any construction restrictions on a property before you buy so you can ensure that any docks or piers you may build will be permissible.

Will You Need Additional Insurance?

Lakefront properties often require additional insurance coverage due to the potential for flooding and weather damage. Make sure you understand what the insurance requirements are for any property you are considering.

For many, buying a home on the lake is the ultimate real estate dream. The home shopping process may be a challenging one, but with a little forethought, you can make lakefront homeownership your reality.