Buying a waterfront property means life outside, splashing kids nearby, sunsets, and boat rides. Is buying a property on the water the right fit for your family? To help you weigh your options we’ve rounded up five key factors to consider before taking the plunge into a waterfront home.

Since the pandemic, waterfront properties have grown in value by almost 46%. With family fun, water sports, and relaxed vibes, it’s not hard to see why. From the activities to the value let’s see if a waterfront property is right for you.

1. How Does a Waterfront Property Change Your Quality of Life?

Living on the water comes with some incredible life changes. If you’re looking for quality time with family and friends in beautiful surroundings, a waterfront home may be a great fit. Before you start house hunting, check out these waterfront property buying tips.

With the chaos of everyday life, it’s hard to find time to sit down and eat as a family, make memories, have adventures, and relax together. This is exactly what happens at a waterfront property. There’s more peace and quiet, time for fun, and time spent together.

2. What Waterfront Activities Will You Do?

Waterfront property is a great place to enjoy outdoor recreation. From swimming to kayaking and boating, there’s something for everyone. Try fishing, bird watching, lap swimming, and more.

When you’re searching for waterfront property, take some time to consider what activities you’re looking for. This can help you narrow down a location, beach community, a marina, and the type of home you want. 

3. How Will You Use Your Waterfront Property?

Another key consideration is how you’ll use your waterfront property. For some, you may wish to be a property owner who lives in their waterfront home year-round.

For others, this will be a vacation home for weekends, as a snowbird, or in the summer months with kids. Many investors are looking to buy a home to rent out as a short-term vacation rental. 

4. Will This be an Investment Property?

For many people, a second home is also an investment property. Whether you plan on using the home as a rental year-round or a home you live in, consider the resale value of the home. Waterfront property will always be coveted. This makes it a great investment however you plan to use it.

5. Finding Waterfront Property Options with Great Locations

The location of your waterfront property is also a key consideration. Different oceans, inlets, lakes, and depths of water make for different experiences. A calm area with shallow water can be great for relaxing in a canoe. A deep-water property provides the opportunity for larger boats, speed boats, and water sports.

Start Searching for Your Waterfront Property

Buying a waterfront property is an exciting time. Whether you’re looking for a large dock, oceanside views, a lake, or a short walk to the water, there’s a lot to consider. From the family memories to the time spent watching the sunset, there’s no shortage of advantages to living on the water.

If you’re looking for more real estate tips and advice, check out the blog section. You’ll find house hunting tips, financial advice, and more.