Sunday, 26 February 2017

5 Things to Consider Before Buying a Lake Home

Written by Posted On Friday, 10 February 2017 17:22

Buying a lake home has become hugely popular, and there are even television shows that focus solely upon individuals and couples who are searching for the perfect waterfront property. There are plenty of beautiful places throughout the country where you can find your dream lake home, too. For example, you can search through Lake Austin homes for sale, or you can purchase a lake house in the northeast or out west. But before you dive into purchasing this type of real estate, keep reading for a list of things you need to consider.

 

 

1.      Moisture Can Create a Lot of Damage

Even though a lake house can be really beautiful because of the scenery provided by the water, that same water could cause problems to the structure of your home. More specifically, moisture within the air, as well as the fall and rise of the water level, could degrade a property over time. So, when you are shopping for a lake house, take a close look at the stone, metal, and wood, which could be affected by the conditions that are created by the water. And be sure to maintain your home after your purchase to prevent damage.

2.      Does the Lake Flood?

In addition to the property damage that could occur as a result of being near the water, you also want to ask your realtor about the flood history of a lake house before you invest in it. If the lake floods often and easily, and if your house is located very close to the water, you could end up with water inside your home, and that will be extremely damaging and distressing. Look into the history of the house, and purchase appropriate flood insurance to protect yourself from losses.

3.      You Might Have to Pay More

Another thing to consider is the cost of a lake home versus a home that is not near the water. Generally, waterfront properties will be pricier. A home’s price will be determined by a few factors, including the costs of docks, piers, and seawalls, as well as the waterfront footage.

4.      The Location of the Lake House

Because lake houses are often located in more rural areas, you might find it difficult to find one near the city you love. If you are really hoping to get a lake house, you may have to make a sacrifice by moving farther from your job. This will increase your commute time every day, so it’s something you should consider.

5.      What About a Lake Association?

If there’s a homeowner’s association, such as a lake association, that will control the area of the lake where you’re hoping to purchase a home, ask questions before you sign on the dotted line. For example, you should determine if you’ll be required to join and pay a fee, as well as what they’ll provide and what you’ll be restricted from doing.

Once you think about the pros and cons of a lake home, you’ll be able to make the best choice. And once you move in, you’ll love the view and the serene way of life that only a lake house can provide.

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