This could be the view from your patio every night with a
new waterfront home on one of our many lakes!
Waterfront homes can be a great investment. Whether buying a waterside home as a vacation getaway or as a year-round home. A place by the lake can be a relaxing place to get away from the hustle and bustle of normal life. All while enjoying the local activities there are to offer. But, there are a couple things to keep in mind
You ought to take the next step. This is to call Reta Stead on her cell phone at 863-412-1340 for a free consultation.
Five Steps To Finding That PERFECT Waterfront Home
Waterfront homes can be great investment whether buying a lakeside home on Lake Howard or one of the many others as a vacation getaway or as a year-round residence. A place by the lake can be a relaxing place to get away from the hustle and bustle of city life while enjoying all the local activities there are to offer. But, there are a couple things to keep in mind:
1. Local Activities
What water would you most like to be on? Prime fishing holes and swimming spots can be addictive. And be sure there is a boat launch if you like boating. Have you given any thought to nearby restaurants or shopping malls? If this is a weekend home, who wants to cook all the time? Are there any traffic concerns?
2. Property Size
With lake or oceanfront homes, don't forget that the land is as important as the water. If you like hiking or just a relaxing stroll, a house with plenty of access to walking paths would be most suitable. If just enjoying a relaxing view with a glass of wine with peace and quiet is more of a priority, a smaller lot might be preferable.
understand that other local residents may also have the same access to the surrounding docks unless it is posted as private property. A level lot may make for easier access to water, especially for boats, but is flooding a concern?
Pay careful attention to state laws restricting how close a building or dock can be to the shoreline or how it is constructed.
If you go boating, be sure you can get into any dock or shore. I always suggest a test-ride around the lake paying close attention to the depth and shoreline to be sure the water is what you expect and what you want. Any factories or power plants on the near shores? Rocks, weed beds, very low swampy areas for mosquitos near your home? Take it all into account and much more of the area can be seen from the water.
4. Insurance Coverage
While the price of the property is usually the 800 pound gorilla in the room, don't forget about the increasing costs of things like flood insurance. If you need a mortgage, most homeowners in Florida need to buy up to three different policies: a wind policy, a general hazard policy (homeowners will take care of the first two, if the property qualifies), and a flood policy which would be separate. Hurricane insurance should be included with your homeowners policy (it can be optional!!), again, if the property qualifies.
Liability coverage for this type of property may have different underwriting questions from standard homeowner's insurance. For example, slides off the docks, boats, railings, etc can all come into play.
5. Professional Real Estate Broker Specializing in Waterfront Property
(Bet you didn't see that one coming!)
When buying any home, near water or not, an expert Real Estate Broker can save a client literally thousands. Remember though, not all Florida Brokers have the Training and experience to deal with waterfront property. This is why it is important to seek out a realtor who does.
Reta is a lifelong resident of the Winter Haven Florida area, so she knows the area and is a very experienced expert Real Estate Broker with hundreds of property transactions under her belt. If you are looking for a real estate foreclosure, new home, double wide community or anything in between, on the waterfront or farmland, she has the expertise to help you.
Call Reta Stead on her cell phone at 863-412-1340 for a FREE consultation and a personalized buying blueprint.
Southern Belle Real Estate
Reta Stead, Real Estate Broker
4028 Rolling Oaks Drive
Winter Haven, FL 33880
To quote Google;
"Real Estate Broker: A person who has taken education beyond the agent level as required by state laws and has passed a broker's license exam. Brokers can work alone or they can hire agents to work for them."
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