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What to Know About Waterfront Properties

Who can resist a home near the water? Whether it’s by an ocean or lake, waterfront properties are well-known for their spectacular views and ideal locations. Below are some tips on what to consider when buying a waterfront property.

Location

With a waterfront property, it’s important to remember that location is a significant aspect. Even if you love the appearance of a house, the location of your waterfront property is just as important. Is it close enough to the water? What is the view like? Is the property private enough? These are all questions you should ask yourself.

Lifestyle

When choosing a waterfront property, it’s important to tailor your new home to your current lifestyle. Focus on your main passions and activities to see what properties best fit with your lifestyle. If you’re passionate about swimming, fishing or watersports, is the property close enough to the water? Is it far away from the city? These are all questions to consider.

Weather

Waterfront homes often get battered by the weather, so it’s important to make sure the property can withstand storms. This includes maintaining a strong roof and durable windows. Extra measures of protection can include buying storm shutters and stainless-steel locks to avoid corrosion from salt air.

Check the Rules

If you’re looking to make some changes to a waterfront property, it’s important to start the process early. If you want to make a change, like adding a dock or seawall, check out the local rules to make sure these changes will be possible. Other rules to look into regarding a waterfront property include what activities are allowed on your closest body of water. It’s also a good idea to see if there are any association rules or fees for the local area, such as any special covenants, conditions, and restrictions (CC&Rs).

Check Utilities

For more remote locations, it’s wise to make sure that utilities like electricity, water, septic systems, cable and Internet are all readily available and easy to set-up if you move to the area.

Upkeep & Maintenance

Keep in mind the kind of maintenance that is included with a waterfront property, including dock maintenance, storm repairs and winterizing the property.

For more information on Nanaimo or Mid-Island waterfront property contact the Miller Real Estate Team.  One of our qualified Realtors® will be happy to share their experience and expertise.