Fiscal Fundamentals for Water Front Home Ownership, Part 3: Improvement
April 4, 2012Financially speaking, there are a few steps that all prospective homeowners should take to ensure the smoothness of their path from home search to successful closing. For those choosing a waterfront property, these steps are especially crucial to a stress-free transaction. With the help of a certified, skilled REALTOR®, these steps will be easily undertaken and bring you closer to your goal of a life by the water! Last time we explained to you the importance of investigating the home insurance. Today we will conclude this series of posts by talking about Improvements.
For waterfront homeowners planning home renovations or improvements, such as building a dock or adding a seawall, it is important to investigate land laws prior to purchase. Make sure that planned construction and renovations are possible on your potential property, as many government agencies have strict, inflexible regulations regarding land use. No homeowner wants to find themselves in the predicament of committing to a home purchase with plans to renovate, only to find that their plans are impossible. Consult with your REALTOR® about area restrictions regarding renovation, construction and recreation prior to purchase, as many types of waterfront properties also have local ordinances restricting the use of jet skis, speedboats and other watercraft.
