A lake home is a lovely haven right on the water. It offers all the charm of more pricey oceanside homes, yet you can find lakeside homes in otherwise landlocked locales. If you are thinking of making a lakeside house your new home, consider asking the real estate agent or seller these essential questions.
Is the Neighborhood Governed by a Homeowner's Association?
Many neighborhoods benefit from a homeowner's association, yet there are pros and cons to having one set the rules for your neighborhood. While this sort of association can preserve high property values by ensuring all homeowners adhere to a certain standard, they may limit your freedom with your own property. When you have a lakeside property, you may want to paint it a bright color to appeal to people enjoying the lake, but a homeowner's association may only allow you to paint your house certain colors.
Before you decide whether you want to move into the home, ask a lot of questions about the homeowner's association. You need to agree with them on the basic principles of owning and caring for your home.
What Is Included With the Purchase of the Property?
Make sure that the lakefront property and home you're purchasing extends to the water. Buying a lake home can sometimes mean different things. Be clear on all your property lines and what your responsibilities are.
Who Can Access the Property?
Some lake homes are facing the water, yet the public has access to part of the property where the land meets the lake. Sometimes paths, roads, docks, or other areas directly in front of private property are available to the public. If you don't like the idea of strangers coming that close to your home, be clear on what is private property and what rights others have to access it.
Why Do People Love the Lake?
The lake itself plays a key role in the enjoyment of lakeside properties. If you have your heart set on a certain type of watersport, get information about whether it's popular on the lake. If it's not, find out why. If the lake is particularly noisy during the summer because it's near a popular camp or summertime retreat, you need to know how that will impact your home.
Finally, buying a lake home may be the smartest investment you ever make. When you take the time to explore all the pros and cons of buying waterfront property, you empower yourself to make the most of your new home. The more prepared you are, the more you and your family can enjoy settling in and spending time together in your new home.