ou probably already know what they think of the developer
this, but buying any land and the area. Are they happy with
can be a significant how their house was built? Were
decision. But what you may not the amenities completed by the
know is that there are a few developer as promised? If they
twists that come with purchasing love living there, they'll tell
a waterfront lot that make it you - if they hate it, they'll
very different from buying a lot tell you that too.
in any old subdivision. I've put
together a few tips that you If you're looking at lakefront
should keep in mind when you're property, you need to determine
looking for the perfect if the lake is constant level or
waterfront property. not. If it's not a constant level
lake, then the water levels could
Don't buy land without setting change drastically.
foot on it first. You should take
the time to look it over closely Check to see if there are any
and inspect it yourself. Locate a flood plain restrictions. If you
copy of the site plan so you can build or buy in a flood zone you
determine exactly where the may have a tough time getting
property lines are. insurance.
Study the history of the land Make sure the lot you're looking
development for the area. Was the at will support a house of the
development a friendly size you want.
undertaking or was there a lot of
controversy from the community? Don't limit your search to a
What was on this land before? single waterfront development -
no matter how "in love" you are
Talk to the neighbors. Ask them with it. If you're not familiar
with other developments, ask a banks require a Road Maintenance
local realtor for help. Agreement before they will lend
on remote property.
Find our how the property will
change in the different seasons Lastly, before you make the
or when the weather conditions purchase offer, consider making
change. When was the last drought it conditional on an inspection
and what happened to the water of the land or on another
levels then? specific item. For example, if
you don't have access to sewage
If you're interested in building lines, make the offer conditional
a boat house, make sure that on your ability to obtain permits
there aren't Restrictive for a septic system. Plus, you
Covenants preventing you from should always make your offer
doing so. Many lake areas limit contingent on your ability to
the building of new boat houses obtain financing.
and docks.
OK, armed with these tips, you
If you're planning on building, should be ready to start your
make sure that you will have search for the perfect waterfront
access to electricity, water, lot. Remember, investing in
sewage and other utilities. Never waterfront real estate requires
assume that you can just "hook common sense and due diligence,
up". just like any other investment.
Go put these tips to work for
If the property is remote, make you!
sure you know who is responsible
for maintaining the road. Many
About the Author:
Peni Gardner is a waterfront property expert and realtor that specializes in working with out of town buyers looking for Granbury Real Estate. http://www.granbury-real-estate.com/
Source: www.isnare.com
