WebMar 6, 2024 · If your Realtor is having a difficult time putting a price tag on your home, it may be worth it to hire a local appraiser. Waterfront properties often have unique features and fewer comparable sales. For the average real estate agent, this can be a challenge. WebFeb 28, 2024 · One study from researchers estimated waterfront views to be worth a 25.6% price boost on average, ranging from 8.2% for a “poor partial ocean view,” to 18.1% for a lake view, to 58.9% for an “unobstructed ocean view.” But several factors can raise or lower your waterfront property’s value.
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WebFeb 28, 2024 · Houses for sale on a lake are usually more expensive than their non-waterfront counterparts. Lake houses for sale are always in high demand. You should expect your home insurance to be higher when buying a lake house. If the home is considered in a flood plain and flood insurance is required, it will be even more expensive. WebMar 2, 2024 · 9 blunders to avoid when buying waterfront property. Doing a little homework pays off big in the end. Artazum / Shutterstock.com. by Krissie Cole. March 02, 2024. WebDec 3, 2024 · Waterfront property, for starters, is generally more expensive than other types of houses, and if you’re purchasing it as a second home, financing will come with more stringent requirements. For example, second home purchases require a larger minimum down payment than primary residence purchases. population rockland county ny