Five Things to Know Before Purchasing Waterfront Property
Property sales are once more on the rise. Baby boomers are retiring from jobs held for years and reviewing their annual income from various retirement funds. There sometimes is a plan in place to sell the present home and move to one of the states offering great benefits to senior citizens, such as Florida. If the plan is to purchase waterfront property in Tampa, there are important things to know before making an investment.
1. Water quality is important because it dominates how much enjoyment your property will deliver. Activities like fishing and swimming differ between fresh and salt water. Ask about weed abatement and water levels during the various seasons. Look at pictures to find out if the area is rocky or bordered by soft sand and determine if the areas suits your style.
2. Email or talk with the HOA, Realtor and neighbors about enforced prohibitions such as engine and boat size. You will want to know if there are any guidelines for jet and water skiers. Noise pollution between certain hours hinders the pleasure of your beautiful new home.
3. Understand exactly what you are purchasing. You can find neighborhood plans on the internet and discover where the plot you are considering is located. It will also show access to the water. As strange as it seems, not all waterfront homes have property that directly adjoins the water. If you have a boat or yacht, you will want to find out if a berth is available.
4. Some water areas are protected by law because of the waterfowl, animals or plants that exist in the area. If your only goal is gazing at the sun sparkling off the waves, there is no problem. Ask about easements that allow neighbors to use your property as a right-of-way to the water.
5. Sort through the legal lingo to find out if expansion is allowed in the future. Valuable sources for this information include the title company, broker and government conservation and building departments. Look through old news articles to find any history concerning limitations on property use.
People like to discuss their experiences living near the water. Because of the higher value than other properties in the area, it is vital to get what you want so you can tell others how much you love it and why.