Who doesn’t love a perfect waterfront getaway where you wake up to the crisp blue waters? Nothing can be as refreshing as spending the whole day amidst a sparkling waterfall, beautiful sea waves, or a river down the mountains. If you think it’s time to take a break from the hustle, head to the nearby Seattle waterfront real estate agent. Spending your holidays at a peaceful waterfront property away from the busy city life can be a great gift for you and your family.
However, living beside water comes with its ups and downs and may need additional maintenance and inspection. Thus, we have identified some essential points to keep in mind before choosing a Seattle waterfront property.
6 things To Do Before Buying A Waterfront Property
If you are not sure about the type and place of waterfront property that is perfect for you, here are some handy tips you must follow.
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Mindful Inspection
Check the water level and its proximity to the property as it determines the risk of flooding. Also, water seeping through the basement can cause dampness or other problems like mold growth or peeling walls. Also, take a look around the basic facilities, design, and elevation of the property.
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Check The Shoreline History
Knowing about the shoreline’s history can be interesting because it tells you a lot. Looking into records can tell you if the water level reduces your property by a few square feet each year. Or constant high waves can cause the beach to get muddy and unappealing.
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Choose The Right Waterbody
Choose the correct type of water according to your interests. If you want to reap the health benefits of a saltwater breeze, then choose a beachfront property. Also, if you are into adventure sports, the riverfront property is perfect for whitewater activities.
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Know The Owner of The Property
Talk to the owner about the lease policy of that land. Land leasings can cost you between $200 and $500 a month, exclusive of your mortgage.
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Hidden Costs
A Seattle waterfront property usually comes with higher insurance premiums, sewer maintenance costs, and docking fees. Even though the property seems alright, you might need an HVAC repair or replacement, usually costing you around $3,500 to $7,500.
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Type of Loans Applicable
It is crucial to determine the types of loans you are eligible for. Purchasing a Seattle waterfront property with a USDA loan can be easy as it comes with 0 down-payment. However, your credit score should be at least 640 (or 620 for some lenders). Also, make sure your debt-to-income ratio (DTI) is lower than 50%.
Why Contact Us?
Finding the right waterfront property is now easier with the best real estate agency in town. At Special Agents Realty, we promise to introduce you to one of the best Seattle waterfront properties for sale. We hold a legacy of 20 years in providing our customers with houseboats & floating houses with luxurious and high-tech facilities.
