Waterfront Property Questions
H is accepting a job in the New England area that is expected to run for 2 to 5 years, possibly more, so we’re looking for a new home after 30 years in the same house. How exciting!
We are coming from the west coast, and something that interests us is properties that have pond, lake, stream, or river frontage or are adjacent with access. We’d love to try something new, having lived in suburban tract housing all our lives. But . . . we are clueless to the relative merits and disadvantages of different waterfront listings.
One property we've looked at is set on a slope with direct access to a floating dock on a big man-made lake (250+ acres, less than 15 feet average depth) that has no shoreline. Another property is on a good-sized natural pond (90 acres, average depth 30 feet), but is set back on a lawn with a couple of feet of sandy margin to the lake (it also has an arrangement for a boat). Should we just be evaluating which house we like better, or are there different aspects about the two lakes that make one property more desirable than another that we should be considering? We do need to keep possible resale in mind.
Much as I am eager to hear about what features are desirable about waterfront properties, I also hope to hear the cautionary stuff and the downside. As I wrote, this is totally new to us and we don’t know what we don’t know! What about noise -- one listing states only electric motors on boats are allowed, the other doesn't specify. Also, one lake is privately owned by the residents -- is that an advantage or liability? Finally, I’m worried about is the insect factor; do you deal with more bugs and insects living by a body of water? We've never lived in an area with a spring thaw.
We are intrigued by the waterfront listings we see, but we've also found other properties that also look very appealing. So, truly, we're hoping to not only read answers to our specific questions, but the good, bad, and not-so-great about owning on the water to help us narrow our decision.
Thanks, all, for your thoughts and opinions!