"Evolutionary biology is now uttering and seeking those forces that link us with all those that have being."Adrian Forsyth
|
| |
First Steps In Real Estate Investing
With so many people making tremendous amounts of money in property or real estate it's no wonder so many are looking at real estate as an investment. It offers more security than the stock market, provides great potential returns, offers tax benefits and ...
How To Conduct A Home Inventory
How To Conduct A Home Inventory *Quick Quiz* Name the brand and model of the television(s) in your house or apartment. How much did your computer cost, and where did you purchase it? What is the serial number on your camera? Could you answer those ...
Negative Gearing – It’s Not To Your Benefit!
The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income ...
|
|
|
| |
You probably already know this, but buying any land can be a significant decision. But what you may not know is that there are a few twists that come with purchasing a waterfront lot that make it very different from buying a lot in any old subdivision. I've put together a few tips that you should keep in mind when you're looking for the perfect waterfront property.
Don't buy land without setting foot on it first. You should take the time to look it over closely and inspect it yourself. Locate a copy of the site plan so you can determine exactly where the property lines are.
Study the history of the land development for the area. Was the development a friendly undertaking or was there a lot of controversy from the community? What was on this land before?
Talk to the neighbors. Ask them what they think of the developer and the area. Are they happy with how their house was built? Were the amenities completed by the developer as promised? If they love living there, they'll tell you - if they hate it, they'll tell you that too.
If you're looking at lakefront property, you need to determine if the lake is constant level or not. If it's not a constant level lake, then the water levels could change drastically.
Check to see if there are any flood plain restrictions. If you build or buy in a flood zone you may have a tough time getting insurance.
Make sure the lot you're looking at will support a house of the size you want.
Don't limit your search to a single waterfront development - no matter how "in love" you are with it. If you're not familiar with other developments, ask a local realtor for help.
Find our how the property will change in the different
seasons or when the weather conditions change. When was the last drought and what happened to the water levels then?
If you're interested in building a boat house, make sure that there aren't Restrictive Covenants preventing you from doing so. Many lake areas limit the building of new boat houses and docks.
If you're planning on building, make sure that you will have access to electricity, water, sewage and other utilities. Never assume that you can just "hook up".
If the property is remote, make sure you know who is responsible for maintaining the road. Many banks require a Road Maintenance Agreement before they will lend on remote property.
Lastly, before you make the purchase offer, consider making it conditional on an inspection of the land or on another specific item. For example, if you don't have access to sewage lines, make the offer conditional on your ability to obtain permits for a septic system. Plus, you should always make your offer contingent on your ability to obtain financing.
OK, armed with these tips, you should be ready to start your search for the perfect waterfront lot. Remember, investing in waterfront real estate requires common sense and due diligence, just like any other investment. Go put these tips to work for you!
|
|
|
|
|
|
 Hamilton Co. Property Value Revisions In December - WCPO
As many as 329,000 Hamilton County property owners can expect a letter from Auditor Dusty Rhodes in December, letting them know of their new valuations. "Nearly 62% are going to be unchanged or lower than they were three years ago," Rhodes said ...
Property investments out of Dubai - AME Info
With the Middle East property market being hit by the global economic slowdown we look at investment outside of the region. Phil Blizzard talks to Dave Amis, Harlequin Hotels & Resorts, about real estate opportunities in the Cayman Islands
It's not their pension, but Minneapolis taxpayers may pay - Minneapolis Star Tribune
As an increasing share of Minneapolis property-tax dollars is dedicated to three aging pension funds, the situation is getting even worse because of losses in the financial markets. The city already has increased its property-tax payments to the ...
New Property Investment Opportunity - Majorca - 24-7PressRelease.com
Properties in Spain are unlikely to be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Majorca. Magical Majorca The Balearic Islands are an archipelago in the western Mediterranean Sea ...
Landlords' fury over new energy rules - Scotsman.com
ntal impact of a property, EPCs will bring Scotland in line with EU regulations coming into force on 4 January. They will be required with Home Reports, being introduced for residential property sales on 1 December, and on a standalone basis with ...
|
