Lakefront homes are becoming increasingly popular. With an average waterfront home price of $1.6 million in the United States, lakefront homes are not for everyone. But if you can afford one, there are many benefits to living on the water. Here are 5 things to consider when buying a lakefront home so you’re fully prepared and know what you’re getting into.
How Close To The Water Will You Be?
The first thing to consider is the proximity of your lakefront home to the water. Lakefront homes can be located anywhere from right on the shoreline all the way out to a mile or more out in the lake. For example, some properties are on a bluff overlooking a beach, and others are situated farther back but still have waterfront property.
If you’re looking for a home with direct access to the water, this will affect your decisions when buying a lakefront home. Some people want their view of the water to be unobstructed while others prefer a more private setting. The closer you are to the water, generally, the higher the price tag will be.
There’s no ‘right’ answer when it comes to how close you should be to water – it just depends on what you’re looking for in a lakefront home.
How Much Land Is With Your New Home?
One of the most important factors to consider with lakefront homes for sale in Clear Lake Iowa is how much land comes with it. If you want to be close to nature, you’ll need a lot of lands and maybe even a forest. In this case, the price of your waterfront home will be dramatically higher. But if you want more privacy, then buying a lakefront home without land can be very appealing.
Are There Any Covenants Or Restrictions?
If you’re buying a lakefront home in a residential community, there may be covenants or restrictions that prohibit or limit what you can do with your property. For example, some neighborhoods have height restrictions for homes and require them to be single-story. Some communities also have restrictions on the types of pets you are allowed to own on your property.
You don’t want to overlook these things when buying a lakefront home because those are limitations that could prevent you from living out your dream lifestyle.
What Is The Construction Quality Of The Home?
One of the most important things to consider when buying a lakefront home is construction quality. The majority of your time will be spent indoors, so it’s important to make sure that you’ve got the best possible indoor space. Your outdoor space is also important, but it’s not as much use if the house isn’t well built. Investigate how long the house has been standing without any problems and what materials were used for construction.
What Kind Of Appliances Are Included In The House?
You will be spending a lot of time at your home, so it would be worth considering the appliances included in the house. For example, some homes may come with an ice maker or wine refrigerator.