Lake Norman LakefrontConsiderations 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 OrientationLake Norman Lakefront

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?

soldHire 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

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19241 Hidden Cove Lane -- 6 BR, 5.1 BA
Price: $3,279,000 (5666 sqft)
Subdivision: The Peninsula
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Yates Realty Inc | MLS # 3914127 | Active
18210 Town Harbour Road -- 4 BR, 3.1 BA
Price: $3,250,000 (6632 sqft)
Subdivision: The Peninsula
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NextHome World Class | MLS # 3899155 | Active
18612 Balmore Pines Lane -- 4 BR, 4 BA
Price: $3,100,000 (4681 sqft)
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Select Premium | MLS # 3866356 | Active
8163 Bright Water Lane -- 4 BR, 4.1 BA
Price: $2,999,000 (6029 sqft)
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Ivester Jackson | MLS # 3932912 | Contract
20730 Eastpoint Drive -- 4 BR, 3.1 BA
Price: $2,995,000 (3173 sqft)
Subdivision: Island Forest
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Ivester Jackson | MLS # 3931615 | Active
18805 Halyard Pointe Lane -- 4 BR, 3.1 BA
Price: $2,930,000 (5091 sqft)
Subdivision: The Peninsula
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Realty ONE Group | MLS # 3872303 | Active
17813 Spinnakers Reach Drive -- 5 BR, 4.1 BA
Price: $2,875,000 (6154 sqft)
Subdivision: The Peninsula
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Keller Williams Lake | MLS # 3920498 | Active
200 Cape Cod Way -- 4 BR, 5.1 BA
Price: $2,799,000 (5833 sqft)
Subdivision: The Point
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Southern Homes of the | MLS # 3903989 | Contract
145 Hunters Pointe Lane -- 4 BR, 4.1 BA
Price: $2,699,000 (5420 sqft)
Subdivision: The Harbour at the Pointe
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NextHome World Class | MLS # 3899005 | Active
129 Tuckernuck Drive -- 5 BR, 5.1 BA
Price: $2,675,000 (5396 sqft)
Subdivision: The Point
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Titan Realty, Inc. | MLS # 3923298 | Active
18014 Whispering Oaks Drive -- 3 BR, 3.1 BA
Price: $2,495,000 (3641 sqft)
Subdivision: Point Largo
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Keller Williams | MLS # 3937337 | Active
21400 Rosslare Court -- 6 BR, 4.1 BA
Price: $2,375,000 (6105 sqft)
Subdivision: Waterford Point
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EXP Realty LLC | MLS # 3918524 | Active
20405 Staghorn Court -- 4 BR, 4.1 BA
Price: $2,300,000 (4923 sqft)
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Keller Williams Lake | MLS # 3936730 | Active
4637 Hawkes Bay Court -- 6 BR, 5 BA
Price: $2,249,000 (5717 sqft)
Subdivision: Sailview
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RE/MAX Lifestyle | MLS # 3888533 | Active
152 White Horse Drive -- 3 BR, 3.1 BA
Price: $2,000,000 (4329 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3935269 | Contract
7106 Windaliere Drive -- 4 BR, 2.1 BA
Price: $1,950,000 (3271 sqft)
Subdivision: Sterling Pointe
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Ivester Jackson | MLS # 3938598 | Contract
4934 White Oak Lane -- 3 BR, 4.1 BA
Price: $1,940,000 (5187 sqft)
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EXP Realty LLC | MLS # 3890478 | Active
385 Bay Harbour Road -- 4 BR, 4.2 BA
Price: $1,899,900 (5619 sqft)
Subdivision: The Harbour at the Pointe
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Premier Sotheby's | MLS # 3935519 | Contract
170 Normandy Road -- 5 BR, 4.1 BA
Price: $1,850,000 (5186 sqft)
Subdivision: Grand Bay
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Keller Williams Lake | MLS # 3926686 | Active
8074 Bradford Lane -- 6 BR, 6.1 BA
Price: $1,800,000 (6114 sqft)
Subdivision: Governors Landing
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NorthGroup Real | MLS # 3863850 | Contract

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