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 308 next →

104 Nathaniel Court -- 5 BR, 8.4 BA
Price: $6,950,000 (20850 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3330099 | Active

8495 Norman Estates Drive -- 5 BR, 6.1 BA
Price: $6,800,000 (7289 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3388984 | Active

127 Thurstons Way -- 4 BR, 4.5 BA
Price: $5,900,000 (12260 sqft)
Subdivision: The Point
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Premier Sothebys | MLS # 3416300 | Active

662 Langtree Road -- 6 BR, 9.1 BA
Price: $5,200,000 (12675 sqft)
Subdivision: None
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The Firm Real Estate | MLS # 3446433 | Active

107 Eastham Court -- 5 BR, 5.2 BA
Price: $4,250,000 (9150 sqft)
Subdivision: The Point
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Allen Tate | MLS # 3415938 | Active

18525 Peninsula Club Drive -- 7 BR, 7.3 BA
Price: $3,995,000 (8834 sqft)
Subdivision: The Peninsula
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Ben Bowen Properties | MLS # 3446643 | Active

160 Brick Kiln Way -- 5 BR, 5.2 BA
Price: $3,995,000 (9066 sqft)
Subdivision: The Point
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Francis Real Estate | MLS # 3440175 | Active

19135 Peninsula Point Drive -- 5 BR, 6.2 BA
Price: $3,950,000 (10787 sqft)
Subdivision: The Peninsula
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Ben Bowen Properties | MLS # 3439568 | Contract

19125 Peninsula Point Drive -- 7 BR, 8 BA
Price: $3,799,000 (11689 sqft)
Subdivision: The Peninsula
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Carlyle Properties | MLS # 3445959 | Active

Norman Estates Drive -- 4 BR, 4.1 BA
Price: $3,750,000 (6473 sqft)
Subdivision: Norman Estates
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Lake Realty | MLS # 3417148 | Active

18011 Mollypop Lane -- 5 BR, 5.3 BA
Price: $3,699,000 (7417 sqft)
Subdivision: None
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EXP REALTY LLC | MLS # 3455343 | Active

21215 Senlac Lane -- 5 BR, 5.2 BA
Price: $3,500,000 (7815 sqft)
Subdivision: None
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Ivester Jackson | MLS # 3395816 | Active

179 Milford Circle -- 5 BR, 5.4 BA
Price: $3,500,000 (8946 sqft)
Subdivision: The Point
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Trump International | MLS # 3452327 | Active

147 S Longfellow Lane -- 5 BR, 7.3 BA
Price: $3,500,000 (13663 sqft)
Subdivision: The Point
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Carlyle Properties | MLS # 3338217 | Contract

139 Travis Pointe Drive -- 5 BR, 4.1 BA
Price: $3,400,000 (5271 sqft)
Subdivision: None
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Allen Tate Lake Norman | MLS # 3433140 | Active

3466 Governors Island Drive -- 5 BR, 4.2 BA
Price: $3,300,000 (6738 sqft)
Subdivision: Governors Island
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Ivester Jackson | MLS # 3327364 | Active

18925 Kyle Lane -- 5 BR, 5.3 BA
Price: $3,199,000 (10545 sqft)
Subdivision: None
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Carlyle Properties | MLS # 3389308 | Active

120 Barrister Bay Lane -- 4 BR, 3.1 BA
Price: $2,999,000 (3731 sqft)
Subdivision: None
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NHB Group, Inc | MLS # 3068687 | Contract

7482 Woodchuck Road -- 4 BR, 5.1 BA
Price: $2,999,000 (8770 sqft)
Subdivision: Pebble Bay
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Keller Williams Lake | MLS # 3380024 | Active

116 Nautical Point Court -- 5 BR, 5.2 BA
Price: $2,995,000 (7634 sqft)
Subdivision: Nautical Point
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Ivester Jackson | MLS # 3383249 | Active

Listings 1 - 20 of 308 next →