For most people, buying waterfront
property is the ultimate real estate experience. But more than any other type
of purchase, buying a waterfront property is as much as about a lifestyle as it
is a real estate investment. So no matter what type of waterfront property you
choose, make sure it fits your lifestyle and taste.
To make an informed decision about
a waterfront property, you may want to check out these factors:
1.
Water depth. It’s one thing to
have waterfront, but it’s another to actually to be able to bring a boat in and
out of your dock area. Notwithstanding, there are quite a few properties that
will only allow for very small boats and skiffs because of the shallow nature
of the water.
2.
Dock/pier. Does the location
have an existing dock? This is very, very important. Getting a dock permit for
your property is no guarantee, especially with all the regulations. Also, it is
better to know whether the docks are above flood heights and how often should they
be replaced.
3.
Boaters. If you are a boater,
knowing where channels are and being aware of sand bars that may present water
depth challenges is critical. If possible, go for a boat ride before you
commit.
4.
Ramps. Having a waterfront
property and owning a boat go hand-in-hand; however, don’t forget about how you
plan on getting that boat into the water. Although many docks have boat lifts,
it’s also very important to have a boat ramp nearby so as to easily facilitate
putting your boat into the water.
5.
Flooding. Waterfront properties
are vulnerable to climate change and environmental disasters. Make sure that
the land property is elevated enough so you won’t have to worry about
super-high tides.
6.
Home construction. Many homes
on waterfront properties are of older construction. This can be good or bad,
but just make sure the home you buy is in great shape and will be good to go
for many years to come.
7.
Set back issues. Papers and
documents included in such investment should be meticulously inspected to avoid
future problems including titles and law suits against the government.
Talk to neighbors, find a good
contractor, and canvas personally to avoid regrets in picking waterfront
properties. For more questions or information, consult the nearest realtor in
your area.
Tampa Bay Realty LLC
1408 N West Shore Blvd Suite 1000 Tampa, FL 33607
(813) 908-0706
http://www.tam-bayrealty.com
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