Waterfront properties are favored over other types of properties owing to the facilities they offer the occupants. Whether buying property on a lake or sea for your family or for purposes of renting, the aim is to enjoy the provisions of the body of water that you cannot obtain with your primary home. Waterfront properties, however, come with other issues which many people do not know about. Seeking, deciding on and buying one is more complex than your usual real estate properties as you will learn. But, you need not fret as we have combined the best tips to help you with making the best choice.

Waterfront Specialist

If you want to buy a waterfront property, you need an agent skilled specifically in this type of property. Do not pick on just about any other agent who says they know stuff about real estate. Be free, and ask how much they know about waterfront properties and how long they have dealt with them. Remember that they are out to make money by pushing sales.  For all you may know, they could be knowing very little about this field.


Waterfront properties are likely to cost more than their usual counterparts owing to the facilities they offer. In that regard, the financing process becomes more complex as more facilities are thrown into the mix. Therefore, when financing for a property on the waterfront, start the process early or you may miss out on a lucrative deal. Comparatively, mortgage loans for waterfront properties take longer to come through than other types of properties. Also, ensure you have everything in place in terms of the facilities and extensions you aim to add onto the property you intend to buy. It may dawn on you that the extra cottage closer to the water is not allowed by the local government laws.


Unlike other types of properties waterfront properties require a more complex insurance structure. You will have to insure your property against floods, violent winds and general hazards. These policies, in some cases, cannot be found under one roof. So you have to dig for that to ensure you have the best insurer on your case. Aside from the insurance, the level of exposure to the elements for waterfront properties is relatively higher than that borne by our types of properties. Ensure that the property is fitted with the very best materials to withstand strong winds and the salt air as you will incur a lot in terms of maintenance costs.

Asking the right questions

Besides your agent, you will need hard, cold facts (without the business jargon that is) from the people who live in a given area. Ask them to tell you if the property you are interested in having any problems your agent is not telling you of. Ask them why the previous owner vacated it. You may discover so much from simply chatting with a knowledgeable neighbor. Such talk can save you thousands.

Search for Lakefront Homes For Sale by City or by Lake

Want to see what people are asking for their lakefront homes?

Get a FREE Market Analysis 

Get more tips about Selling or Buying a home on our real estate blog

Call me today and have me work for you. You will be thankful that you did!
Ed Constable
Your Realtor for LIFE

Do you want your home shopping experience to be made easy?

Sign up to be the first to get NEW LISTING with your own buyer portal.

5 thoughts on “What To Know When Going For A Waterfront Property”
  1. I agree with you that you should find an agent who is knowledgeable about a unique property like a waterfront. It’s important to know what to expect as far as insurance needs. There are much more specific needs for a waterfront home. It’s important that you feel safe and covered in your waterfront home without the stress of knowing whether you have taken the right, unique precautions to ensure comfortable living for you and your family.

  2. Thanks for sharing! I find the part about checking market knowledge and experience of the agent in the waterfront area especially useful. My sister is thinking of the house near the lake, so I’ll definitely share with her this useful information in order to make her dreams come true.

  3. Thanks for the tip prepare for more complex financing by starring the process early and having everything in place in terms of the facilities and extensions when making a purchase. My wife and I are thinking to fulfill our dream of looking at waterfront homes for sale. By getting a waterfront home, we will be sure to get the right financing and insurance set up with an attorney before we make the final deal.

  4. Since my husband and I have been wanting a beachfront property for a while, we are wondering how to go about the process. So thanks for suggesting that we find an agent who specializes in waterfront real estate and has been working on them for a while. We’ll definitely have to start our beachfront-buying process by first find a specialist agent.

  5. Thanks for pointing out that waterfront properties will probably be a little bit more pricey than other comparable houses. Still, my husband and I love to go boating and be by the water, so it would be worth it. Your tips should help us find the right waterfront property for us to buy.

Leave a Reply

Your email address will not be published. Required fields are marked *