Don’t confuse the dream with reality when considering your waterfront home purchase.
When buyers see a home on the water for sale in their price range, there is often an overpowering urge to leap before they look. This can be a recipe for disaster, particularly with regard to the unique characteristics of property. While lakes and rivers in the same region can appear fairly similar and have many of the same attributes, you can rest assured that no two waterfront properties are exactly the same.
Buying lakefront and riverfront property is different than any other real estate. You’re not only buying a house, you’re buying a body of water and a lifestyle. It’s an experience that will change the way you live — it becomes a retreat to escape the hassles of daily living.
In shopping for waterfront property, knowing what questions to ask before signing on the dotted line is important. Perhaps even more critical is how you interpret the answers to those questions. Here are some questions you should be asking: