Many people consider living in a waterfront property to be the epitome of luxury living. Waterfront homes are usually large, beautiful, and expensive. Whether the waterfront property is located on the beach, near a private pond, lakeside, or perched high on the bluffs of a large river, there are advantages and disadvantages to owning this type of property.
If you’re considering purchasing a waterfront property, be sure to think about every aspect of ownership before jumping in with both feet.
The Pros of Owning Waterfront Property
People who live in waterfront properties often embrace life and live it to its fullest. They revel in the beauty and wellbeing that living near water provides. When you own waterfront property, you get:
- Cleaner, fresher air
- Amazing views
- Improved fitness and wellbeing
- A return on your investment
The closer you are in proximity to water, the better the air quality, for the most part. Clean, fresh air is vital to the health of the human body.
One of the main reasons people buy homes situated on the water is for the amazing views the water provides. Sunsets are prettier and wildlife abounds from every window of a waterfront home.
Living in a waterfront property usually motivates people to get outside more. Many waterfront communities include pedestrian-friendly options that encourage you to become the outdoorsy type.
Lastly, real estate situated near water tends to appreciate over the long-haul. There’s only so much property on the water, so the going price for such real estate increases steadily with demand.
The Cons of Owning Waterfront Property
Living near the water isn’t for everyone. While it is considered a luxury lifestyle to some, for others, it’s more hassle than it’s worth. Some potential problems with living in a waterfront property include:
- High maintenance
- Lots of mosquitoes
- Lack of privacy
- Rising sea levels
Thanks to higher humidity levels near the water, not to mention erosion, the elements, and salt if you’re near the ocean, the upkeep on a waterfront property can be time-consuming and expensive. And it’s not just the outside of the home that requires constant maintenance, either. Appliances and other indoor equipment are also impacted by the humidity and need to be replaced more often than in other homes.
Anywhere there’s water, there’s bound to be a higher mosquito population. This is just a given on waterfront properties, so if these little pests bother you, owning a home on the water may not be for you.
The water attracts residents and tourists alike, so if you’re not a people person or you enjoy peace and quiet, buying a home on the waterfront may not be the best idea.
And lastly, according to many scientists, the sea levels are rising. How quickly this issue becomes a problem for waterfront property owners remains to be seen, but if you’re concerned about such things, this is something to consider.
The demand for waterfront property is high, but this type of living isn’t for everyone. Be sure to consider the pros and cons listed above if you’re thinking of buying a waterfront property.