Buying a Waterfront Property on Lake Conroe? Here are 5 Questions You Should Ask.
The beautiful location of Lake Conroe has become one of the most popular vacation destinations for many Texans. It is visited by lots of people yearly as it has so many activities to offer, such as swimming, boating and fishing.
For many homebuyers, owning a waterfront property here is a dream. All the activities are a stone’s throw away from your own backyard which makes it ideal.
Although waterfront properties have many pros, they also come with their respective concerns that need to be considered before you buy.
Below are five questions you need to ask before buying such a property:
More than meets the eye, know what the Water is like?
First choice for many is to live on the lake so they would have easy access to all activities. But what is the water like? Just make sure you ask your realtor as well as others living in the community. Finding out later that there is no space for a dock or boat in your water access could be highly disappointing.
While most properties allow the residents private docks to start their boat or kayak, there are some that don’t allow you to do so as the water’s depth is shallow.
Ask about the depth of the water and well-liked activities in the area so you can ensure that your property could accommodate those activities.
Is Building a Dock Permissible?
Easy access to the water through the dock is one of the key benefits of waterfront properties.
If this is something you wish to have on your property, make sure you know whether or not you can build a dock prior to buying the home.
Take advice from a professional on the updated by-laws since there are restrictions and regulations on building docks. They usually contain notes that specify all particulars including where to put your dock and the materials you need to use.
Make sure all documentation is prepared as you always need to submit an application for a construction permit.
Get a professional to inspect if the property already has a dock to ensure it is safe to use and meets city regulations.
What all encompasses this purchase?
You probably expect to experience a holiday-like day each day while deciding whether or not you want to purchase this property. But all properties do not offer such extravagance.
At times, waterfront properties do not extend to the shoreline. Sometimes the city might own a small part of the land which may result in people roaming around the lakeshore around your property.
Make sure you question your real estate agent about all the specifics of the property line.
Is Maintaining this Property Pricier?
Homes situated on the waterfront have much higher maintenance costs in comparison to other homes. The weather is harsh, which results in the homes being exposed to greater wear and tear.
Mostly these properties require regular maintenance, some of which can be quite costly. Make sure these issues are inspected prior to spending any money on maintenance.
Will there be a Higher Insurance Cost?
Homes on the lakeside have a greater risk for natural damage which results in a greater insurance than non-waterfront properties. Make sure you inquire what your property’s insurance would be from your realtor.
There is also a risk of flooding and water damage due to where it is situated. Hence, buying flood insurance. This will be an added cost for you but a much better alternative than paying for probable water damage.
These questions are essential so you know what to expect from your purchase. Regardless, you would fall in love with living around the beautiful views and fun activities.
