Tips for Purchasing a Waterfront Property in Maine

Maine waterfront real estate is not like other real estates as it is not only beautiful but also offers you the benefit of having both land and water in the same property. But purchasing this kind of property can be more complex than other types of properties. Since this type of real estate is really in demand, there are pitfalls if you are having no knowledge about having a property on a water source. 


maine waterfront real estate

Here are the top tips you can follow to make your experience of purchasing waterfront property more successful.


Check the Property Carefully


For many people, the idea of purchasing a place on the water source can be a dream, so if there any opportunity arises, they instantly jump at the chance. Water can be beautiful to look at, but this can be harsh on buildings as well as land features. The property might be prone to a flooded basement from a high water table, erosion of the structures as well as land due to harsh winds and salt air, or there may be mold problems from the increased moisture levels that are always in the atmosphere. So it becomes really essential for you to have a professional building examination done to assist you in understanding precisely what you might be purchasing.

Waterfront properties need a complete set of other inspections and examinations beyond what you might have done on a normal land-locked home. Water quality tests, surveys, elevation certificates, waste, and septic assessments would all be needed and are very critical if you want to buy Maine waterfront real estate.


Research to Discover the Right Water for You


All of the waterfront properties are not made of similar qualities. So you should do your research about the freshwater sites you are considering. If you desire to listen to the surf of the ocean out of your windows, then a peaceful inlet bay may not be suitable for you.

The photo of the water view in a waterfront property advertisement might show you clear water but in real the property can be full of dense flora and debris.

If you desire to have a beach, then the rocky coastlines of Maine might not do it. An enormous lake enables you to enjoy plenty of water sports, but if you like complete peace as well as quiet, a smaller body of water where power tools are not authorized might be more appropriate. So you should know what kind of waterfront you actually like for making an investment you are really happy with.


Be Aware of Hidden Charges


Maine waterfront real estate can be more costly to buy. These kinds of properties also can have some extra costs that you might not know of. Most of the water frontage hamlets are involved in the associations that require charges per year. Water as well as sewer charges might be more costly when compared to inland charges. Moreover, the property will require a septic tank and well upkeep. You also need to prepare for boat dock along with lift payments for two times in year and maintenance on docks as well as other water access features.
Location: Maine, USA

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