| You probably already know this, but buying | | | | how "in love" you are with it. If you're not |
| any land can be a significant decision. But | | | | familiar with other developments, ask a local |
| what you may not know is that there are a few | | | | realtor for help.Find our how the property |
| twists that come with purchasing a waterfront | | | | will change in the different seasons or when |
| lot that make it very different from buying a | | | | the weather conditions change. When was the |
| lot in any old subdivision. I've put together | | | | last drought and what happened to the water |
| a few tips that you should keep in mind when | | | | levels then?If you're interested in building |
| you're looking for the perfect waterfront | | | | a boat house, make sure that there aren't |
| property.Don't buy land without setting foot | | | | Restrictive Covenants preventing you from |
| on it first. You should take the time to look | | | | doing so. Many lake areas limit the building |
| it over closely and inspect it yourself. | | | | of new boat houses and docks.If you're |
| Locate a copy of the site plan so you can | | | | planning on building, make sure that you will |
| determine exactly where the property lines | | | | have access to electricity, water, sewage and |
| are.Study the history of the land development | | | | other utilities. Never assume that you can |
| for the area. Was the development a friendly | | | | just "hook up".If the property is remote, |
| undertaking or was there a lot of controversy | | | | make sure you know who is responsible for |
| from the community? What was on this land | | | | maintaining the road. Many banks require a |
| before?Talk to the neighbors. Ask them what | | | | Road Maintenance Agreement before they will |
| they think of the developer and the area. Are | | | | lend on remote property.Lastly, before you |
| they happy with how their house was built? | | | | make the purchase offer, consider making it |
| Were the amenities completed by the developer | | | | conditional on an inspection of the land or |
| as promised? If they love living there, | | | | on another specific item. For example, if |
| they'll tell you - if they hate it, they'll | | | | you don't have access to sewage lines, make |
| tell you that too.If you're looking at | | | | the offer conditional on your ability to |
| lakefront property, you need to determine if | | | | obtain permits for a septic system. Plus, you |
| the lake is constant level or not. If it's | | | | should always make your offer contingent on |
| not a constant level lake, then the water | | | | your ability to obtain financing.OK, armed |
| levels could change drastically.Check to see | | | | with these tips, you should be ready to start |
| if there are any flood plain restrictions. If | | | | your search for the perfect waterfront lot. |
| you build or buy in a flood zone you may have | | | | Remember, investing in waterfront real estate |
| a tough time getting insurance.Make sure the | | | | requires common sense and due diligence, just |
| lot you're looking at will support a house of | | | | like any other investment. Go put these tips |
| the size you want.Don't limit your search to | | | | to work for you! |
| a single waterfront development - no matter | | | | |