What to know before buying your brand new waterfront home.

Posted by Andree Huffine, PA on Friday, January 25th, 2019 at 12:13pm.

Waterfront homes are undoubtedly one of the most alluring pieces of property one can buy. The breathtaking scenery and ideal locations make these properties a hot commodity. When you start your search for waterfront homes, you want to make sure you are asking the correct questions. There are a myriad of different elements a waterfront property purchase entails and you must make sure you cover your bases.

Know exactly what you are buying.

The term “waterfront” can mean a variety of different things depending on the geographical location you reside. Aqueducts, reservoirs, lakes, ponds, rivers, intercoastal waterways, and ocean front can all be deemed “waterfront” in Florida. You’d be surprised at how tricky wording can get within descriptions of these homes.

Know how the surrounding water/landscape effects the home. There are many positive effects of living on the water. Of course, there is always a flip side to that coin. You must educate yourself on all effects of living the waterfront life.

Know what the HOA expects from you.

Of course HOA’s are prevalent in Southwest Florida, no matter if you are landlocked or on the water. You can’t get rid of them. HOA’s have many benefits of living in certain types of communities, especially golf course and waterfront.

Speak with your Realtor to see what common HOA requirements are common within waterfront communities. With him/her you can better determine if this HOA best fits your needs. Some HOA’s are different than others and one major thing to look for is what specific requirements they have for homeowners regarding the water.

Make sure the property can withstand the waterfront environment.

Like most properties in this area, we must do extra inspection to make sure that they are able to withstand the elements of Southwest Florida. This heightens when you have a waterfront property. Do your due diligence to reach out to your Realtor to help with inspections of your home to see if the property is fitted to weather such conditions. Although safety within modern construction is at an all time high for waterfront properties, beachfront homes specifically do still have some risk of oceanic storms. Thus, you must pay extra attention to safety precautions done to the home.

Know what loans are available.

Waterfront properties are some of the most beautiful properties in the world.  With their elegant beauty comes a little higher price tag (like all amazing properties). Lenders are not going to give out substantial loans for waterfront properties to just anyone. Make sure your credit and finances are in line.

Overall, buying a waterfront property in Southwest Florida is one of the most rewarding things you can ever do for you and your family. The gorgeous views, fun activities and priceless memories are all encompassed with a brand new waterfront property in Florida. Know what you’re buying and contact your Realtor to help you through the process. But most of all, enjoy your new waterfront home!

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