5 Things to Know About Buying Waterfront Property

By
Services for Real Estate Pros with Personal SEO - Website SEO and Real Estate Marketing

Waterfront property… That term alone evokes a little bit of a luxury emotion in us. Of course, you can have a broken-down dump next to a beautiful lake but that's usually not the picture most of us envision when we think of waterfront property. A little bit of paradise comes to mind for me when I think of a waterfront home. Living in the Seattle area we have Lake Washington and Lake Union and of course, the Puget Sound so waterfront homes in the Pacific Northwest are everywhere, but that doesn't mean that they are cheap. Waterfront property can mean any home is nestled next to a beach, lake, river, sound, or even a pond and nothing beats watching the sunrise or side over your own little piece of waterfront paradise. So, if a waterfront home is on your horizon, here are five things you should know.

 

#1. The lifestyle.

Having a home that faces the water means you could attract future investors looking for an interest in water-based activities. When it comes time to sell, you will likely attract those who enjoy swimming, boating, or other water sports and are willing to pay top dollar for this type of property that provides them with the lifestyle they want. This is great for resell value but it also means that buying a waterfront home will be a little bit more expensive upfront.

 

#2. Supply and demand.

Because we have an abundance of water in the Pacific Northwest buying a waterfront property is not that rare, however, there is quite a demand and acquiring a waterfront property can provide you nearly a 100% guarantee of monetary gain. Not every home in the Seattle area is waterfront so you do have an edge on the competition. There's only so much land near the water so this is actually a coveted investment and it can be your own little private retreat while still holding its value.

What to know about Waterfront property

 

#3. Location.

A lot of people say that owning a waterfront property feels like being on vacation all the time. For those that enjoy the benefits of a waterfront home look for areas surrounded by lakes or near the ocean. These will attract business owners and have you close to major amenities while still maintaining privacy.

More: A Helpful Checklist for Moving in and Moving Out

 

#4. Possible rentals.

If you're looking at a waterfront home as a rental investment, you may be able to gain more profit than from a non-waterfront home. Homeowners that own these types of high demand properties can have a greater chance of expanding their profit margins and providing themselves with a good source of income. Be sure to check with your insurance on renting out waterfront property as there may be additional policies that need to be put in place.

 

More: What Inspectors Look for on Lakefront Homes

 

#5. Check with your insurance.

Depending on where you choose your waterfront home there may be additional insurance needed. Talk to your insurance company about the location, any weather risks, any erosion issues that you might be concerned about, and ask if you can add on additional insurance. Often times, earthquake insurance or flood insurance can really protect you at just a few extra dollars per month.

 

Search Waterfront Homes in the Puget Sound Region

 

 

 

Posted by

 

ActiveRain and SEOTammy Emineth is an expert in custom content and original articles for blogs, website, press releases and more. Contact me anytime and feel free to subscribe to this blog to stay up to date on my latest blogs and informative information. Email me or contact me for Real Estate Website Marketing and SEO Content Writing.

 Twitter Me  Blogspot Blog  Connect on Linkedin  Google Plus Find me on Facebook   Find cool stuff with me on Pinterest  Fun stuff on my tumblr page

The information contained in this blog is believed to be true and correct and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy for any particular purpose. All information is copy written and the property of Tammy Emineth.  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Washington King County

Spam prevention
Show All Comments
Rainmaker
1,993,707
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good evening Tammy Emineth - I would agree with those points of owning waterfront property.  It certainly has value.

Oct 24, 2019 05:51 PM #1
Rainmaker
3,128,475
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  Waterfront living is so neat.

Oct 28, 2019 01:55 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
607,484

Tammy Emineth

Content Marketer, SEO Teacher, Website Fixer
Have a Website or SEO Question?
*
*
*
*
Spam prevention

Additional Information