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 135 next →

14051 Island Drive -- 5 BR, 6.2 BA
Price: $22,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active

18019 Harbor Light Boulevard -- 6 BR, 7.4 BA
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active

8465 Norman Estates Drive -- 7 BR, 8.2 BA
Price: $12,995,000 (15003 sqft)
Subdivision: Norman Estates
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Corcoran HM Properties | MLS # 4035287 | Active

17240 Connor Quay Court -- 6 BR, 6.3 BA
Price: $8,400,000 (12042 sqft)
Subdivision: Connor Quay
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RE/MAX EXECUTIVE | MLS # 4002734 | Active

18000 Whispering Oaks Drive -- 5 BR, 5.4 BA
Price: $7,500,000 (7308 sqft)
Subdivision: Point Largo
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Nestlewood Realty, LLC | MLS # 4002519 | Active

20927 Bethelwood Lane -- 5 BR, 5.2 BA
Price: $7,000,000 (5781 sqft)
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Premier Sotheby's | MLS # 4032491 | Active

199 Balmoral Drive -- 4 BR, 4.1 BA
Price: $6,995,000 (6429 sqft)
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Corcoran HM Properties | MLS # 4028895 | Active

135 Potomac Lane -- 6 BR, 6.1 BA
Price: $6,720,202 (6148 sqft)
Subdivision: The Preserve at Windsor Pointe
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Nestlewood Realty, LLC | MLS # 3851688 | Contract

8394 Ranger Island Marina Road -- 7 BR, 7.1 BA
Price: $6,500,000 (6692 sqft)
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Nestlewood Realty, LLC | MLS # 4007345 | Active

17815 Largo Place -- 5 BR, 5.2 BA
Price: $5,750,000 (6225 sqft)
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Fathom Realty | MLS # 4005759 | Active

18201 Town Harbour Road -- 5 BR, 5.3 BA
Price: $5,475,000 (8834 sqft)
Subdivision: The Peninsula
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Southern Homes of the | MLS # 4023838 | Active

189 Riverwood Road -- 5 BR, 6.2 BA
Price: $5,200,000 (7724 sqft)
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Lake Norman Realty, | MLS # 4025573 | Active

134 Cape Cod Way -- 5 BR, 6.1 BA
Price: $5,000,000 (8887 sqft)
Subdivision: The Point
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Coldwell Banker Realty | MLS # 4029196 | Active

8170 Bay Pointe Drive -- 5 BR, 5.1 BA
Price: $4,700,000 (9434 sqft)
Subdivision: West Bay
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Ivester Jackson | MLS # 4031203 | Active

114 Nautical Point Court -- 5 BR, 6.1 BA
Price: $4,500,000 (11714 sqft)
Subdivision: Nautical Point
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Ivester Jackson | MLS # 3901052 | Active

113 Keats Road -- 4 BR, 5.2 BA
Price: $4,495,000 (5534 sqft)
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Corcoran HM Properties | MLS # 4019960 | Active

103 Saylors Watch Lane -- 4 BR, 5.2 BA
Price: $4,495,000 (6370 sqft)
Subdivision: Saylors Watch
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Coldwell Banker Realty | MLS # 4005600 | Contract

111 Moors End Loop -- 4 BR, 6.1 BA
Price: $4,490,000 (8115 sqft)
Subdivision: The Point
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Coldwell Banker Realty | MLS # 4015176 | Active