Posted by: realtormarkpalace | September 30, 2010

Waterfront Property Continues to Appeal to Buyers

Waterfront Property Continues to Appeal to Buyers

Even in this challenging market, the value of waterfront property – at least in most places – has remained high.

But all waterfront property isn’t created equal. Besides a pretty view, here are some other factors a buyer should consider:

· Depth of the water. Buyers who want to dock a boat will see this differently than those who want to swim.

· Location and elevation of the home. Will it be sufficiently protected from bad weather, including hurricanes?

· Who owns the shoreline? Buyers who purchase reparian rights can restrict its use. Buyers who acquire nonriparian rights get non-exclusive use, with the ultimate control belonging to some government entity or, possibly, a neighborhood association.

Source: The Washington Times, Carisa Chappell (09/23/2010)

Advertisements

Responses

  1. This is great stuff!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: