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 85 next →

16505 Jetton Road -- 5 BR, 5.2 BA
Price: $4,999,999 (8127 sqft)
Subdivision: Lake Norman
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Lead 2 Real Estate | MLS # 3681168 | Contract

19129 Serenity Point Lane -- 6 BR, 6.2 BA
Price: $4,940,000 (10435 sqft)
Subdivision: Joys Serenity Point
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Allen Tate Lake Norman | MLS # 3776981 | Active

19124 Peninsula Point Drive -- 4 BR, 6.2 BA
Price: $4,500,000 (8910 sqft)
Subdivision: The Peninsula
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Ivester Jackson | MLS # 3806586 | Contract

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 | Active

124 Brownstone Drive -- 5 BR, 6.1 BA
Price: $3,895,000 (7241 sqft)
Subdivision: The Point
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Trump International | MLS # 3821307 | Active

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

18937 Mountainview Drive -- 6 BR, 5.1 BA
Price: $3,425,000 (5856 sqft)
Subdivision: Mountain View Beach
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Belle Properties | MLS # 3810830 | Contract

159 Yacht Cove Lane -- 4 BR, 4 BA
Price: $3,390,000 (4853 sqft)
Subdivision: Yacht Cove
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J Cash Real Estate | MLS # 3814392 | Contract

8451 Ridgewood Road -- 5 BR, 5.2 BA
Price: $3,250,000 (8867 sqft)
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Lakeshore Realty, Inc. | MLS # 3628933 | Active

8343 Norman Estates Drive -- 5 BR, 6.1 BA
Price: $3,190,000 (8094 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3696146 | Contract

183 Crystal Circle -- 3 BR, 5 BA
Price: $2,999,000 (7041 sqft)
Subdivision: Crystal Bay
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Michael Sullivan | MLS # 3756251 | Active

116 Courtney Lane -- 4 BR, 3.2 BA
Price: $2,950,000 (6645 sqft)
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COVO REALTY | MLS # 3719370 | Active

498 Bay Harbour Road -- 4 BR, 7.1 BA
Price: $2,900,000 (8346 sqft)
Subdivision: The Harbour at the Pointe
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Lake Norman Agents LLC | MLS # 3815251 | Active

16207 Henry Lane -- 5 BR, 5.1 BA
Price: $2,866,000 (5374 sqft)
Subdivision: Gilead Woods
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Pilot Realty & | MLS # 3703829 | Active

180 Eagle Chase Lane -- 4 BR, 4.2 BA
Price: $2,850,000 (8963 sqft)
Subdivision: Wildlife Bay
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Ivester Jackson | MLS # 3647233 | Contract

214 Westpaces Road -- 4 BR, 5.1 BA
Price: $2,850,000 (4329 sqft)
Subdivision: West Paces
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Premier Sothebys | MLS # 3801055 | Active

627 Isle of Pines Road -- 4 BR, 3.1 BA
Price: $2,800,000 (3138 sqft)
Subdivision: Isle of Pines
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Properties of the | MLS # 3795756 | Active

318 Hermance Lane -- 5 BR, 4.1 BA
Price: $2,750,000 (6065 sqft)
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Southern Charm Realty | MLS # 3810143 | Contract

18001 Whispering Oaks Drive -- 5 BR, 6.1 BA
Price: $2,600,000 (5650 sqft)
Subdivision: Point Largo
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Premier Sothebys | MLS # 3777757 | Contract