Another important factor to find out is if the home is prone to flooding, or if the house has even been through a flood already. Another thing one needs to find out is, if the previous owners had any unresolved issues concerning building laws etc. Add to that the fact that if there is no sewerage connection, gas, water, road access etc, this will all be provided eventually, at your expense. Find out if there has ever been any problems with insuring the lake house. If there has, find out why there was a refusal. You don’t wish to purchase a home which is deemed a dud by building inspectors. If you build or buy within a flood prone zone, insurance agencies may not even wish to know your name, you will seen as a liability they don’t need.
Saleability:
Perchance you are contemplating purchasing a lake house as an investment. You
wish to sit back and wait for the lake house to increase in equity then sell and reap the rewards. If this is your sole intention for purchasing a lake house you need to be assured that this property is correctly priced. Having befriended a good number of real estate agents, the author has been reassured that many owners of lake houses etc drastically overprice their property knowing that many buyers are taken in by the picturesque scenery but know very little about house values. Do your own research and find out the median value of surrounding houses. Research how the pricing differs per county. You will always pay for those glorious views, deep serene waters, private jetties and so forth.
Structural soundness of the lake house:
Make sure the lake house is solid enough to withstand the elements, rain hail, snow, high winds and so forth. The house may look sturdy but this does not mean you should ignore the opportunity to have the structure checked by a professional. If the lake house has ever gone under in a flood the building materials used, could now be deemed dangerous. The house could be badly affected without be visible. You must be assured that the building passes all types of safety standards.
Saleability:
Perchance you are contemplating purchasing a lake house as an investment. You
wish to sit back and wait for the lake house to increase in equity then sell and reap the rewards. If this is your sole intention for purchasing a lake house you need to be assured that this property is correctly priced. Having befriended a good number of real estate agents, the author has been reassured that many owners of lake houses etc drastically overprice their property knowing that many buyers are taken in by the picturesque scenery but know very little about house values. Do your own research and find out the median value of surrounding houses. Research how the pricing differs per county. You will always pay for those glorious views, deep serene waters, private jetties and so forth.
Structural soundness of the lake house:
Make sure the lake house is solid enough to withstand the elements, rain hail, snow, high winds and so forth. The house may look sturdy but this does not mean you should ignore the opportunity to have the structure checked by a professional. If the lake house has ever gone under in a flood the building materials used, could now be deemed dangerous. The house could be badly affected without be visible. You must be assured that the building passes all types of safety standards.
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