More Factors to Consider Before Buying Lakefront Property
A few weeks ago, we published an overview of things to consider when evaluating lakefront property. Since that article was published, several clients have asked more detailed questions. Through these discussions with our clients, we’ve developed an additional list of factors to consider before purchasing lakefront property:
- Lake Frontage: How important is private vs. shared frontage?
- Body of Water: How important is it to be on an all-sports lake vs. no-wake lake or river?
- Woods: How important is a wooded homesite?
- Lake Bottom: How important is a sandy bottom lake vs. mucky bottom lake?
- Lake View: How important is a big, unobstructed lake view?
- Sunset View: How important is a sunset view?
- Protective Covenants: How important is it to know quality homes will be going up next to yours?
- Immediate Usability: How important is it to have a home ready to use vs. building your own?
- Roads: How important are paved roads vs. gravel or two-track?
- Utilities: How important is it to have underground utilities already installed to the property’s edge?
Again, this is a partial list and it assumes that the location of the property already meets your requirements. We hope, however, it gives you an idea of the different factors that should be considered when purchasing lakefront property. At Michakewa Shores, for instance, we have spent a lot of time comparing our property to other lakefront property in the area using these criteria and it has helped us to put a value on the property. We invite you to come explore Michakewa Shores and see how we stack up against other options in the area.
