Too often, people buy waterfront property with the intention of changing it to preconceived ideas of what the waterfront should look like. However, be cautious in altering your land until you get to know it. Then gradually alter it to suit your needs. It is much harder to restore land that has already been altered substantially. You will save money for yourself while providing habitat for wildlife.
Purchasing any property or home is a major decision and requires investment. Before you purchase waterfront property, you may want to consider a few key points. The demand for waterfront property is rising, and often, the overall value of the property will be determined by the quality of the land and water. Whether you are planning to build or are purchasing a home already on the waterfront, take into consideration that your new home will be part of the “ribbon of life”. You will become an integral part of the transition zone between land and water that is also home to many unique forms of plants and animals.
1. What are some things I should consider before purchasing waterfront property?
* If you are thinking about purchasing a developed waterfront lot, consider making an offer to purchase conditional on inspection of any elements you have doubts about – the home itself, dock, septic system, well, drinking water quality, or erosion risk.
* Before you buy, evaluate how the property might change on a seasonal basis, as a result of influences like runoff and changing water levels.
* Check floodplain restrictions and required building setbacks. You may have trouble obtaining fold insurance if a building is in a floodplain.
* When purchasing, ask for records of drinking water tests. Likewise, pass yours on to new owners, should you decide to sell.
* Remember that property value is often related to water quality