Buying a home on the water is a dream for many and could provide your household with the lifestyle you have always wanted. Whether it’s a seasonal home on the beach, a lake house you retire to, or even a house with its own pond, waterfront properties can be a great investment and an even better place to live. Although it is similar to buying any house, here are some things you should consider when looking to purchase waterfront property.
Choosing The Right Kind of Water
The first step is to figure out just exactly what kind of water you are looking for. The term “waterfront” can often be vague as it refers to any property with a direct connection to a body of water so it is important to narrow down your search. Different waterfront properties can include property connected to an ocean, a sea, a lake, a river, or in some cases, homes with a large pond or dam. Regardless of what kind of water you choose to live on, each comes with its own unique characteristics and challenges so it is important to do your research beforehand.
Lifestyle
Lifestyle preferences are a huge factor in choosing what kind of waterfront property you should buy. While you may love living on the beach for a week, it may not be an ideal situation for you. For some, living in a rural setting with a lake also may not be ideal for them. It is all about finding what suits you and your lifestyle. Buying property is a huge investment and you should make sure you get what you really want.
Location
Obviously, location is an important factor in any real estate purchase. However, when buying waterfront property, it becomes even more crucial. Weather, shorelines, and other location-based factors should play a role in deciding whether or not a property is right for you. Certain waterfront locations may also have building restrictions which could hinder future construction and development plans you might have.
Evaluate The Property
Lastly, when looking at waterfront properties, you need to look beyond the home itself. Yes, you should see if the house is well constructed, has the amenities you want, and fits your needs. However, when buying a waterfront home, looking at the property itself is just as important. When it comes to waterfront properties, the land surrounding the house is often more valuable than the house itself. In order to make the right investment for you, you have to consider the entire property.
If you have any questions about buying waterfront property in Central New Jersey, be sure to contact CENTURY 21 Action Plus Realty. We’re happy to share our expertise with you. You can also browse current waterfront listings in Central NJ.
Property information is provided in part by the Monmouth County Association of REALTORS®. IDX property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated. CENTURY 21 Action Plus Realty is a proud member of the National Association of REALTORS®.