Owning a lakefront home can be a wonderful experience, especially if you enjoy spending time out on the water. At the same time, when you're shopping for a lakefront home, there are some additional steps you'll want to take to ensure you're making a sound investment. Specifically, you'll want to ask some key questions of the sellers and their agent before you make your final purchase decision.
How Far Does the Property Line Extend?
One of the most important things you'll nee to do is to figure out exactly how far your property line will extend if you buy the home. If the home already has a dock built onto the water, it's likely that your property does extend to the shoreline. Still, it's a good idea to ask. If there is no dock and you plan on building one, then you'll definitely need to make sure that your property will fully extend to the shoreline before you buy.
What Types of Lake Amenities Are Available?
There are all kinds of benefits to owning a home on a lake, so don't hesitate to ask what types of amenities might be available. This is especially true if the home is part of an HOA, as there may be a public boat dock, clubhouse, or other amenities available that will make your life on the like even more enjoyable!
Is the Home Up to Code?
Homes that are built close to the water are more susceptible to problems like flooding, corrosion, and water damage; with this in mind, it's important to confirm that all aspects of the home are up to local building codes not just for a standard home, but for a waterfront property. This is where making sure to schedule a home insurance is is such an important part the buying process for a lakefront home.
How Much Will the Home Cost to Insure?
Finally, be sure to get quotes from a trusted home insurance company before you finalize your sale of the home. Naturally, lakefront homes will cost a bit more to insure because you will likely need flood insurance, so it's good to have an idea of what to expect before you buy.
A little bit of research can go a long way in making sure you're choosing the right lakefront home to meet your needs, so be sure to have your real estate agent ask these questions!