If you have found a lake where you really enjoy vacationing and want to be sure that you can go back to that destination year after year, consider buying a piece of land in the area to visit every year. It is important to take your time when choosing a piece of land to purchase though, because there are so many things you need to consider. The guide that follows walks you through a few key factors to consider before purchasing a piece of land.
Consider If You Want a Waterfront Property or Not
The first thing you need to do is consider if you want the property you purchase to be directly against the water or if you are okay with having to travel a little bit to get to the water. There are some people who would rather purchase a waterfront property than one that is a little bit away from the lake because then they can enjoy the lake at any time of day without worrying about having to travel.
Determine if the Neighborhood Allows Tents and RVs
If you plan to stay in an RV or camp in tents when you come to vacation on your property, you need to make sure that camping or RV living is allowed in the neighborhood that the property is located in. There are some neighborhoods that have HOA regulations that restrict property owners from having tents, RVs, or campers on the property because the association feels these things lower the property values within the neighborhood. You can get a list of HOA rules and regulations before buying a piece of property if you request them.
Consider If a Dock Can Be Built
When purchasing a piece of waterfront property, it is important to find out if a dock can be built off of the edge of the property before you buy it, as well. There are some lakes that do not allow residential property owners to build docks into the lake. You may be able to build a launch into the water though, so that you can easily launch a boat when you want to go for a ride on the lake.
Once all of these things have been considered, you will be able to make a wise decision about which property is best for your family. A real estate agent can help make the process of finding the perfect vacation property easy for you once they know everything you are looking for and what your price range is.Share