Whether it’s on a lake, the intercoastal, or the beach, waterfront homes bring a certain serenity and peacefulness.
However, there are a few considerations you should keep in mind when buying waterfront property on which to build your dream home.
A realtor who is familiar with buying waterfront property will help you navigate any building restrictions you could encounter. Your future home builder can also help you handle any potential building issues and help you look at properties that best fit your unique home needs.
3 Considerations When Buying Waterfront Property
You have probably already imagined what it will be like to wake up to the soothing sounds of waves, but you should consider the following when buying your dream home waterfront property.
#1: What body of water fits your needs?
Vero Beach has several serene and breathtaking waterfront properties available. Whether you have your eye on Lake Okeechobee or along the coastal shores, you should have a clear understanding of how you plan to utilize the land to best fit your needs.
For example, will you be building a dock to store your boat? If you do plan on docking your boat, is there enough water depth and dock space? Are there any restrictions on fishing or boating in the area?
#2: Are there additional insurance requirements or costs?
You should also take into account any insurance requirements or costs associated with the waterfront property you are considering. In Florida, you will likely need wind, flood, and general hazard insurance for your waterfront property.
Also, because Florida is subject to increased risk of flooding and hurricanes, it can significantly impact your coverage costs and options.
#3: What is your overall goal for the property?
Have you taken a moment to ask yourself what your overall goal is for the property? Do you plan to live there full time or will it be a second home? If you plan to only reside in your waterfront home six months out of the year, you might want to consider hiring someone to maintain it while you are away. Or perhaps you are building it as a rental for additional passive income.
Considering Buying a Waterfront Property?
Building a home on a beautiful waterfront property is something many individuals dream of, but there are also many factors to consider. If you need help planning your dream home on a waterfront property, contact a reputable and experienced builder who can help you determine which property will best meet your needs.
At Ryan A. Jones and Associates, we understand how important your home is to you. As builders and renovators of luxury homes, we provide our clients with the services and knowledge necessary for the successful planning, designing, permitting, construction, and ongoing estate management of your home.
Contact us today for a consultation and learn how we will work with you to capture and interpret your unique vision. The finished product will be the home of your dreams.