Most buyers, when looking for a waterfront home, have already talked with their financial advisor or lender to determine what price range they can afford. Regardless of if this purchase is for your primary home, secondary home or vacant lot, there are some key issues beyond price that you should think about prior to purchase.
What type of Water Frontage? Water frontage that has an open water view, small bay frontage or channel frontage-where you are looking across the waterway to another home?
What type of shoreline? Flat or rolling where you can see the dock, gradual or steep frontage?
What type of water bottom? Hard sand, stones or pebbles, muck?
4. What direction does the property face? Southern – for sun lovers, Eastern for morning sun rise, Western – Sunsets, Northern – less sun on your deck or patio but also angles of sunsets in the evening.
5. Water Depth in front of your water front property –walk-in beach area, step down from pier, gradual increase in depth or quickly increases down for less walking area?
The actual home is secondary. The location of a waterfront home along with the 5 Issues talked about above are usually the primary reasons for the decision you make in purchasing a water front property – besides price range. You can always remodel or update the existing dwelling but you can not easily moderate the direction the lot faces, visibility of the lake, depth of the water, etc.
When you go hunting for a waterfront house or waterfront vacant lot in Wisconsin, I hope you keep these points in mind.