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9 Ways to Avoid Getting Burned When Buying Waterfront Property
9 Ways to Avoid Getting Burned When Buying Waterfront Property
1.       Water Front, Access and View. Not all waterfront property is created equal. Waterfront is not the same as water access. There are no guarantees when it comes to water views. Assess the risk of development that might restrict access or views before buying.
2.       Navigable Water. How much water do you need for your boat? How much height do you need for your sailboat's mast or power boat's flying bridge? Check for down river obstacles such as fixed bridges and overhanging power lines.
3.       Piers and Water Depth. Verify, verify, verify. Remember old fashioned lead lines? Now is the time to check that pier and the water depth at different times of high and low tides. You might have just enough water today and might not the next.
4.       National Flood Insurance. Who needs it? You will need it depending on the elevation of your home above the high water flood levels. Unless your home is located high up on a hillside, you should assume that you will need National Flood Insurance.
5.       Exposure: North, East, South, West. What's the best exposure for you? Do you want to watch the sun set ... more

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