Waterfront real estate can be an amazing investment, but there are some potential problems you need to watch out for. By asking the right questions ahead of time, you can avoid major issues later down the road. In this video, luxury realtor Lari Averbeck goes over some of the most important things to look for when buying waterfront property.
If possible, you should work with a realtor that specializes in waterfront real estate. When you work with a professional that’s familiar with this market, you’ll be able to get valuable feedback.
An experienced realtor may also be able to refer you to a home inspector that you can rely on.
You’ll also want to make sure you aren’t overlooking major expenses. In some areas, waterfront property owners are required to carry additional insurance coverage. Learn more about what the true cost of a waterfront home would be.
It can be incredible to own property on the water, but if you’re not careful when you buy, you could make a purchase that you’ll regret. Follow the expert advice provided in this video and work closely with a real estate agent that will help you find the waterfront home of your dreams!