A lot of people prefer to invest in waterfront property as it’s a desirable place to live. Water activity can range from actively relaxed to very active which makes it possible to for activities such as sunbathing, boating, fishing, and surfing available to property owners. This is the reason this kind of property usually comes with a higher price tag.
Apart from the increased price point, some factors and variables can also complicate the waterfront transaction. Thus, if you are looking to invest in this type of property, make sure you keep the following tips in mind:
Get the Bulkheads Inspected
A bulkhead is built to serve as a barrier wall which separates the water from the property. As a property buyer, you may have to deal with the construction or repair of a bulkhead. That is why you need to hire a certified bulkhead expert to inspect the existing bulkhead or the area it has to be constructed. This will help you know the associated costs. To make sure you get the most value from your buck, invest in vinyl bulkhead material.
Ensure the House can Withstand the Waterfront
Properties on the water tend to take twice the abuse a regular home may encounter. Things can get rougher for homes on the ocean. This is because the salt gets thrown into the air as the water evaporates and cause massive oxidation and rust. Should metal be used for the gate hardware, the grill, siding nails, make sure it is stainless steel.
Find Out if you can Improve the Property
A waterfront property can become more appealing if you can use it recreationally. However, you need to do your research to know what the city will permit in terms of construction. In case the property needs a dock; however, water is not deep enough to float a boat, this won’t be possible.
Check and ensure you can get rid of bushes and trees if you wish to improve the views. Also, if you are looking to build a tennis court or pool, check with the city for approval.
Look into Utilities
Do not take creature comforts for granted. Don’t expect that adequate water, sewer, and electrical services are always a given. If you are planning to purchase a property on the water in a rural area, a big part of your due diligence is asking about your access to these basic utilities.