HFG Real Estate Blog

What to Consider Before Purchasing Waterfront Property

Waterfront property is always popular, no matter if it’s lakeside or seaside, Florida or Michigan. There are multiple reasons you might be interested in waterfront properties for sale. Not only does this property tend to have a great resale value, but it offers unparalleled views, as well as opportunities for outdoor excursions, whether you’re a sunbather or a fisher.

Although it’s a good time to buy property — the housing market dipped low and is only just starting to climb back, allowing savvy buyers to pick up great property for less — this doesn’t mean that all real estate is equally valuable. Here are several tips for making sure you pick up a quality new house or condo.

How to Choose a Waterfront Property

  • Consider how you plan on using the home — not just for what, but when, as well. Certain property is more ideal for swimming, but less ideal for jet skis. Similarly, some homes aren’t really meant for year-round homes. In Maine, for example, some seasonal homes are intended for the warmer months only — during winter these homes lack central heat and full insulation.
  • When it comes to the waterfront, property is, ultimately, more important than structure. It’s easy to fall in love with a house since it’s what we’re accustomed to looking at. But if the land isn’t very private, or it’s hard to get to the water, you might find yourself shortchanged when it comes to waterfront advantages.
  • Know what the standard is for insurance in the local area. For example, many waterfront properties in Miami are insured for wind, flood and general hazard policies.

What to Think About Before Closing a Waterfront Real Estate Sale

  • Work with a real estate agent who specializes in waterfront property. When this property is good, it’s great — when there’s a hidden issue like oyster beds in the water, bad property will turn out to be very difficult to resell when the time comes.
  • Get pre-approved for a loan. Great, cheap waterfront property will often go quickly, especially if there are international buyers in the mix. If you need an extra week to sort out your financials, your offer for your dream home might get passed over.
  • If you don’t plan to live there year-round, talk to a waterfront property management group about either renting out your property, or perhaps choosing to invest in a long-term rental yourself.

Have you talked to a waterfront property management group? Let us know in the comments.

Fort Lauderdale RealtorWhat to Consider Before Purchasing Waterfront Property

Related Posts

Aquavita Las Olas New Construction

Aquavita Boutique Waterfront Residences – New Construction In Fort Lauderdale

AquaVita is brand new construction located in an area of Fort Lauderdale dubbed “The Venice of the Americas.” These brand new upscale residences are just minutes away from some of the best dining, shopping, and entertainment that Florida has to offer. Galleria Mall and the Broward Center for the Performing Arts are just a few of

homes for sale in fort lauderdale

3 Common Problems With Waterfront Properties and How to Avoid Them

If you’re thinking about joining the 21.31 million people who live in Florida, you’re probably looking at waterfront properties. With easy access to the water, waterfront properties are often a top choice when looking at homes for sale in Fort Lauderdale. However, like all home types, waterfront properties come with their own set of problems.

fort lauderdale beach real estate for sale

3 Essential Questions to Ask Before Purchasing Waterfront Property

If you’re looking at Fort Lauderdale beach real estate for sale, you’re not alone. In fact, 36% of people who own a vacation home bought property in a beach area. Seeing as how waterfront properties have so much to offer homeowners, they are a hot commodity. However, they can come with their own set of