Buying a home can be a complicated process. If you’re looking into purchasing lakefront property, this can be especially complicated if you don’t quite know what to look for. If you’re considering purchasing a waterfront home in Connecticut, you can look to the professionals at Advanced Waterfront to help guide you and help you make the wisest investment decision possible. But as you’re searching for a potential home, what are some things to look out for? Here are some steps we follow to help our clients settle into the right home.
Consider the Property and the Location
The number of bedrooms and baths might be the first thing that catches your eye while searching for a lakefront home. But with waterfront property, you might instead focus on the location and condition of the property more than the quality of the home. Homes can always be renovated and styled to fit your tastes, but once you’ve purchased the land the home sits on, it’s yours for good, whether the water on the edge of that property is murky and muddy or crystal-clear. Consider how often you’ll want to spend time on the water and pick a property location that fits your level of activity and lifestyle.
Discover What You Can Do to the Property
Before you purchase waterfront property, you’ll want to find out exactly what you can do with it in the future. Would you want to add a dock or boathouse? Maybe a seawall to help keep the possibility of flooding low? State agencies are often very clear with their rules and regulations and Advanced Waterfront can help you do the research.
Look into the Loan Process Early
Since waterfront property is usually much more expensive than a regular home, the loan process will most likely take a bit more time. Before you even start looking, work with your bank to determine your options and your budget. It also goes with saying that the process can be made a little faster with good credit and a larger down payment.
Work with the team at Advanced Waterfront in Connecticut and Long Island, and we guarantee you’ll find the waterfront property you’ve always dreamed of owning. Check out the many properties we have available now on our website or contact us today for more information!