Many people dream of owning a home on a lake or by the ocean. Living in a waterfront home can improve your overall mood, provide easy access to watersports, and allow you to experience nature up close. If you’re in the market for a lake house, here are some tips to keep in mind to ensure you purchase the best real estate for your needs.
3 Tips For Finding a Waterfront Home
1. Research Insurance Requirements
Homeowners insurance is more expensive on lakefront properties because the proximity to water heightens the risk of water damage. Before you purchase a property, research your insurance options so you can properly assess your mortgage budget.
2. Hire the Right Real Estate Agent
From scheduling tours to negotiating contracts, have a real estate agent in your corner for such a large financial transaction. However, not every real estate agent specializes in waterfront properties. Hire an agent who understands the market and knows what to look for in a lake home.
3. Inspect the Property
The risk of water damage also requires you to inspect the property before making a bid. Saltwater can lead to the deterioration of various building materials. Before you spend the money on a professional home inspector, do an informal, yet thorough evaluation during the tour. This includes checking the basement and attic for signs of water stains, mildew, and mold.
When you are ready to start hunting for a waterfront property in the Ozarks, turn to the experts at Ozark Kountry Realty & Auctioneering in West Plains, MO. The premier real estate agency has over 20 years of experience guiding clients through the home buying and selling process. They will work with you to determine your needs and narrow down the options to help you land the property of your dreams. Give them a call at (417) 256-5729 to schedule a consultation or visit their website to browse their current real estate listings.