Are you planning to buy a waterfront house for your family? Many believe that these properties are the epitome of luxury and healthy living. Staying in these homes truly brings many physical, emotional, and financial benefits. 

However, these exclusive properties are scarce and limited. That’s why many homeowners pay 48% extra on premiums. Since you’re paying so much, you want to ensure that you get the best real estate deal. 

You also need to figure out what you want before making any decisions. For that, you must first understand a few tips, pros, cons, and things to consider.

In this blog, we will discuss everything you should know about buying waterfront properties that suit your lifestyle.

4 Helpful Tips for Buying Waterfront Houses From Realtors

Buying a waterfront property is a complicated process because it requires you to check special considerations, multiple legal processes, etc. That’s why you must hire a professional realtor. But ensure that they have real estate specializations and licenses in the area where you want to buy the house. 

Let’s say you want to invest in a waterfront house nestled in New Braunfels, Texas. You’ll love living here because of the beautiful water bodies and the welcoming community. 

However, there are approximately 1,440 New Braunfels waterfront homes for sale. That’s why, you’ll need an experienced realtor to help you find the property that best suits your needs, lifestyle, family size, etc. These professionals will know every little detail and intricacies of all waterfront houses in this area. 

They can also find a beautiful property based on your budget preferences. For instance, realtors will help you check waterfront properties in New Braunfels ranging between USD 148,000 and USD 3,900,000.

Irrespective of the property’s location and price, you must follow these tips when buying from a realtor:

  1. Find someone who’s a waterfront property specialist and has multiple years of experience.
  2. Check whether the house’s location and its structure suit your lifestyle.
  3. Look for loans and insurance options before searching for a property.
  4. Analyze the house’s utilities, talk to the neighbors, and do some research about the area.

The realtors will also help you understand the Homeowners’s Association (HOA) regulations in the area. These include intricacies about landscaping, view blockages, property appearance, design changes, building expansions, parking, pets, etc.

What Should You Consider Before Buying a Waterfront Property?

Unlike other properties, buying a waterfront house is not so straightforward. That’s because you need to consider its location, structure, proximity, etc. Among those, determining the location of this property is most important. 

What type of water body would you prefer? Let’s say you have selected the banks of Lake Travis instead of a beach location. According to The Lakefront Group, there are approximately 101 listings of waterfront homes in this location. These properties can range between USD 425,000 and USD 2,343,376. But before scanning through the Lake Travis waterfront homes for sale, you need to determine your needs. Ask yourself the following questions:

  • Would you like to focus on recreational activities like kayaking, boating, or fishing?
  • Do you want to use this property as a seasonal home, or would you prefer to move your life here?
  • What lifestyle needs do you have? Do you travel often or have medical requirements?

Once answered, you’ll better understand the things you’re expecting from the property and its location. After that, your realtors will help you find a house in the best location with amazing utilities. 

Even then, homeowners should consider the following things before sealing the deal:

  • Water activity in the area and the property’s proximity to the river or ocean
  • Insurance, licenses, and permits that you need to own the house
  • The building’s structural integrity to determine the renovation costs
  • Consider climate change concerns and the changing water levels 
  • The history of the property and its condition to avoid hidden costs

You should also check the sewage, water, and insulation systems before buying the property. During the house inspection process, remember to check for storm shutters, sinkholes, and other issues.

The Pros and Cons of Living on a Waterfront House

Did you know that waterfront houses come with a lot of disadvantages? For instance, the location near a waterbody makes the property susceptible to natural disasters. Moreover, it requires a lot of maintenance because of dirt accumulation. 

Lakefront homeowners are usually subjected to following specific regulations. These include coastal commissions and a restriction on property renovation. You also have less privacy because your home will be near a public lake, river, or ocean.

Thankfully, the advantages of living on waterfront properties outweigh these disadvantages. These desirable benefits include the following:

  • Living here can improve your mental health and reduce stress by providing a relaxing environment.
  • Your physical health improves as you get to see natural beauty and inhale fresh air every day.
  • It’s an investment because these properties have good resale value, and you can generate income from renting them out.
  • There will be little to no noise pollution in the area because of its secluded location.

In conclusion, you’re now equipped to select a waterfront home that best suits your special needs. For instance, if you like water sports or fishing, you can invest in a house near a lake. 

Moreover, you should hire a real estate agent specializing in waterfront properties in the area. These professionals can help you sort out the complexities of buying such a home. But remember to consider the pros and cons of having a waterfront house before anything else.