Before investing in a waterfront property, there are several factors to consider.

Never buy waterfront property without setting foot on it first. Don’t rely solely on inspectors and appraisers but conduct your own inspection. Obtain a copy of the site plan so can determine precisely where the property lines are.

Study the history of the land development in the area. Was there any controversy involved in the development? What was on the waterfront property before, if anything?

Introduce yourself to the neighbors and ask them what their opinion is of the developer. Are they happy with their waterfront properties? Ask them if their properties change in the different seasons and with changing weather conditions. When was the last drought and what happened to the water levels at that time?

If you’re considering a lakefront property you will need to determine if the lake’s level is constant or not. Fluctuating levels could be problematic, needless to say.

You must find out if there are any flood plain restrictions. If you build or buy in a flood zone you may have a tough time getting insurance.

When looking at various waterfront properties you must consider if the size of the lots you are considering will support a house of the particular size you plan on building.

Of course it goes without saying that you should not limit your search to a single waterfront development, no matter how wonderful it appears.

Never assume that hooking up to the grid will be automatic. Inquire about electricity, water, sewage and other utilities.

If the property is remote, it’s important to know who is responsible for road maintenance. Did you know that many banks require a Road Maintenance Agreement before they will lend on remote property?

As you can see, waterfront properties, though gorgeous, require a number of things to be considered and researched before they are purchased. As long as you are ready to do this, there is no reason why you can’t be settled in a waterfront home sometime in the near future.