Considerations When Buying Lake Norman Lakefront Property

Considerations When Buying Lake Norman Lakefront Property

Lakefront homes fit a particular lifestyle choice that is incredibly exciting for many people. However, when you are pursuing a property you really want it is more important than ever to think rationally. You can have a lakefront lifestyle, but you need to be aware of all the considerations that go into purchasing a lakefront property. Buying a lakefront home is very different on a number of levels compared to your traditional purchase. It is important to understand these differences before making the leap into lakefront living.

All things being equal homes located on a lake are typically more valuable than homes that aren’t. While your initial expense will be greater, the potential for greater appreciation is common with a lakefront home. When the real estate market drops lakefront property also tend to keep more of their value. What you should know however when buying a lakefront property is far more involved than your typical home. What you need to think about when buying a lake house is fairly involved.

Home Orientation

When living on a lake you one of things you will want to take into consideration is the orientation to the sun and how it sets. Does the home get morning or afternoon sun? If you are getting afternoon sun does the deck have any sun protection? How do the winds coming off the lake effect both your enjoyment of the property and the heating costs?

GET SPECIFIC

Lakes can vary considerably, meaning one lake might be perfect for you while another is completely undesirable. You do not want to discover that the lake you bought a home on is nothing like what you want. Find out as much information as you can about the lake. Here are some excellent questions to ask when considering buying a lakefront home.

How busy is the lake during each season?
What recreational opportunities are available on the lake? Kayaking, boating, fishing, swimming, scuba diving, snorkeling, water skiing, waterfowl hunting? Some lakes are better suited than others for specific types of activities.
Does the lake maintain it’s water level or go up and down with the seasons?
Does the lake flood?
Are you required to carry flood insurance?
If you boat, how easy is it to get your boat in and out of the lake? Are you allowed to have a dock right off of your house, or is it OK to travel around the lake for an access point?
Are there any specific things that are not allowed on the lake?
Are you on a drought resistant cove?
Can your cove be dredged?
Are there any low lying bridges?
How big can your pier/dock area be? Can it have a covered area?
How close are you to modern conveniences?
Doe your lot allow for a dock or pier?

Hire a Realtor You Can Trust

Whether buying or selling a lake front home you want to work with a Realtor that understands the complexities of selling a home on a lake. Avoid picking a real estate agent randomly when you want to buy a lakefront home. Interview agents to find out how well they do at finding lakefront homes that satisfy their clients.

You want a person on your side that can find you a good home within your budget – a home you can enjoy for decades. Lakefront homes are naturally more challenging to find at a good price due to higher demand. With the right agent, the search becomes easier and you are more likely to get a good deal on a house. This is more than worth the commission an agent will charge for his or her help.

Lake Norman homes

Listings 1 - 20 of 151 next →

125 Quiet Waters Drive -- 5 BR, 6.3 BA
Price: $6,995,000 (8834 sqft)
Subdivision: Northwood
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Corcoran HM Properties | MLS # 3859517 | Active

135 Potomac Lane -- 6 BR, 6.1 BA
Price: $6,720,202 (6946 sqft)
Subdivision: The Preserve at Windsor Pointe
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Nestlewood Realty, LLC | MLS # 3851688 | Contract

156 Union Chapel Drive -- 4 BR, 6.2 BA
Price: $5,950,000 (8081 sqft)
Subdivision: The Point
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Premier Sotheby's | MLS # 3880028 | Active

171 Washam Road -- 4 BR, 5.2 BA
Price: $5,220,000 (7539 sqft)
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EXP Realty LLC | MLS # 3863412 | Contract

153 Sleepy Cove Trail -- 4 BR, 5.1 BA
Price: $5,150,000 (6263 sqft)
Subdivision: Bay Crossing
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Titan Realty, Inc. | MLS # 3833947 | Active

129 Potomac Lane -- 5 BR, 5.1 BA
Price: $4,500,000 (5589 sqft)
Subdivision: The Preserve at Windsor Pointe
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Nestlewood Realty, LLC | MLS # 3883971 | Contract

18121 John Connor Road -- 5 BR, 5.1 BA
Price: $4,299,000 (5403 sqft)
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Ivester Jackson | MLS # 3871330 | Active

125 Pointe Harbour Lane -- 4 BR, 5.1 BA
Price: $4,199,000 (6510 sqft)
Subdivision: The Harbour at the Pointe
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Century 21 Lawrie | MLS # 3874862 | Active

21211 Island Forest Drive -- 5 BR, 6.1 BA
Price: $4,199,000 (6327 sqft)
Subdivision: Island Forest
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Fathom Realty | MLS # 3821044 | Contract

17819 Largo Place -- 4 BR, 4.1 BA
Price: $4,199,000 (6589 sqft)
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OfferPad Brokerage LLC | MLS # 3829527 | Contract

17811 Largo Place -- 4 BR, 4.1 BA
Price: $4,149,000 (6455 sqft)
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OfferPad Brokerage LLC | MLS # 3747378 | Active

18432 Balmore Pines Lane -- 4 BR, 5.1 BA
Price: $4,050,000 (7245 sqft)
Subdivision: The Peninsula
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Carlyle Properties | MLS # 3891627 | Active

150 Chatham Road -- 5 BR, 6.2 BA
Price: $4,000,000 (6969 sqft)
Subdivision: The Point
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Allen Tate | MLS # 3883239 | Contract

211 Quaker Road -- 4 BR, 3.1 BA
Price: $3,999,995 (5428 sqft)
Subdivision: The Point
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Southern Homes of the | MLS # 3880177 | Active

160 Attleboro Place -- 5 BR, 5.2 BA
Price: $3,999,900 (7496 sqft)
Subdivision: The Point
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High Ground | MLS # 3888103 | Contract

18218 Harbor Light Boulevard -- 7 BR, 5.1 BA
Price: $3,895,000 (6182 sqft)
Subdivision: The Peninsula
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Lake Norman Realty Inc | MLS # 3881530 | Contract

21213 Island Forest Drive -- 5 BR, 6.1 BA
Price: $3,889,000 (7403 sqft)
Subdivision: Island Forest
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Fathom Realty | MLS # 3747609 | Contract

22531 Torrence Chapel Road -- 5 BR, 6.1 BA
Price: $3,750,000 (7472 sqft)
Subdivision: Country Club Shores
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Keller Williams Lake | MLS # 3881699 | Active

20705 Bethel Church Road -- 4 BR, 4.2 BA
Price: $3,700,000 (5604 sqft)
Subdivision: Flagship
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Ivester Jackson | MLS # 3844373 | Contract

117 Vineyard Drive -- 4 BR, 5.1 BA
Price: $3,700,000 (6777 sqft)
Subdivision: The Point
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Trump International | MLS # 3859830 | Contract

Listings 1 - 20 of 151 next →