Helpful Tips For Buying Waterfront Property In Fort Lauderdale

Are you always fascinated by the beauty of waterfront homes? It’s time to fulfill your dream of owning a waterfront property.  If you’re in the research stage, we’ll share with you some helpful tips for buying the perfect waterfront property in Fort Lauderdale.

Waterfront properties are stunning to look at but don’t get carried away by their beauty and forget the value of an expert inspection. An inspection helps you to see what could be up against you. There are specific land and water inspections that can uncover issues with the property such as corrosion on the home’s exterior or mold & mildew growth.

There are different types of waterfront properties in Fort Lauderdale. One may be next to the beach whereas another might be beside a large lake. It all depends on what you want. If you’re looking for a peaceful and quiet property, a beachfront home may not serve you as much as a lakeside property.

Walk around the property to find out if there’s good access to the water. Sometimes the waterfront property that’s situated near a lake could be inaccessible. The weeds and debris that mainly clutter waterfront properties can be such a nuisance and prevent you from enjoying the best parts of the home’s exterior.

Unlike standard homes, waterfront properties could have unique insurance requirements. This is because most of the properties are at a higher risk of flood damage as well as hurricanes and earthquakes. The insurance can be too costly so it’s best to know exactly what’s required before signing any contracts.

There are some additional expenses that come with owning a waterfront property. For instance, you may be required to pay slightly higher sewer and water rates compared to inland homes. There could also be dock fees that you need to find out about. Speak to your real estate agent regarding all the hidden expenses if you’d want to avoid unpleasant surprises.

There are places whereby waterfront homes are washed away when the water level changes due to harsh weather conditions. If you work with a trustworthy Realtor®, he/she would advise you on properties to disregard based on this fact. Experienced Realtors® in Fort Lauderdale are well versed in the region’s history and can advise clients accordingly.

Are you buying the waterfront property just for the holiday season or do you plan on moving in to live full-time? Whatever option you choose, make sure you don’t keep the house sitting empty for too long. Renting out the property when you’re not using it is a great idea that can help you cut down on the cost of homeownership.

We can’t stress enough the importance of hiring a real estate agent that specializes in waterfront properties in Fort Lauderdale. This professional can help you achieve your goal of owning a dream waterfront home.