Looking for waterfront homes for sale Rockport isn’t like looking at the average single-family home. When you buy a waterfront home, there are special considerations that need to be made and factors that must be weighed.
Consider Both the Property and the Land
Buying a lakefront property means that your value is held both in the property and the land. How much of the land are you intending to purchase? What rights do you have to the lake and surrounding land? Are there any codes that could keep you from building on your land? You need to know how much value is tied up in the property and the land to make sure you’re getting the best deal.
Ask Questions About the Homeowner’s Association
Every homeowner’s association is different. Some enact very little control over a property, others enact quite a lot. The goal of a homeowner’s association is to make sure everyone in the community gets along and protects the property values. A more involved HOA is going to be more expensive — and potentially more invasive. Read through the by-laws to get a solid understanding of what they do.
Add Together the Total Cost of Ownership
The total cost of ownership is more than just the purchase price of your home. It also includes:
- Property taxes.
- Homeowner’s Association fees.
- Insurance rates.
- Repair and maintenance costs.
- Water access fees or associated fees.
Traditional calculators for home cost may not be applicable to a waterfront home, as waterfront homes may cost more than other properties to insure or maintain.
As you can see, there are a lot of things to think about when purchasing a waterfront home. But that also means that you can find the property that is exactly what you want. For more information, schedule an appointment today with Rockport Properties.