Special Considerations For Purchasing Remote Waterfront Property

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Special Considerations For Purchasing Remote Waterfront Property

9 June 2017
 Categories: Real Estate, Blog

If you have decided that you're going to purchase waterfront property on your favorite remote mountain lake, then there are many things you need to consider before making your final decision. Remote lake property comes with some wonderful views and often some real estate issues that you might not be aware of if you have never lived in the mountains.

To ensure you make the best purchasing decision, consider these aspects of mountain community living:

Location in Relation to Larger Cities and Towns

Whether you plan to live in your new lakeside house year-round or if you just plan to spend weekends there in the summer, you need to think about its location to larger cities and towns. While your goal may be to get away from other people and enjoy the solitude available in the mountains, this can be a problem when you have a medical emergency or even need to go to the hardware store. Additionally, if you will be commuting to your mountain property, then you will spend a lot of time in the car if you choose a location that is excessively remote. Think about the distance with these things in mind before you make a purchase offer.

Remote Areas Have Many Higher Costs

If one of the things that make you want to purchase property near a remote lake is the lower property cost than buying land near a city or town, then you need to understand most other things will be more expensive. For example, groceries will be a long drive away or will be pricey because you will be forced to purchase them at a small, local market. The same is often true for building supplies, pet supplies, and fuel. If you have a tight budget for your new lakeside property, then take these additional costs into consideration.

Limited Law Enforcement and Government Funding

Since remote areas don't collect a lot of tax money from their residents, this often results in areas with very little government funding. The lack of funding limits the area's law enforcement agencies and this often leads to crime. Before you choose which lake you want to live near in your new home, first do some research about the local crime rate, drug issues, and theft problems. 

Finally, the lack of government funding also often extends into other areas such as build code enforcement. This matters to you because the last thing you want to do is buy your dream retirement home on your favorite lake only to find someone moves in next door and lives in a shed and runs a noisy generator at all hours of the day and night. Talk to an agent, like CENTURY 21 Ryan Realty, for help.