Things to Ask Before Purchasing a Candlewood Lakefront Property
Things to Ask Before Purchasing a Candlewood Lakefront Property
Many Americans dream of living in a Lakefront property like Candlewood Lake homes, not just because of the amazing view, but also the lifestyle that waterfront living offers.
Waterfront properties like Candlewood Lakefront homes for sale are worth more than double the value of typical inland homes. Waterfront homes also retain their value more than typical homes, making them the best investment properties.
If you are decided on buying a Candlewood Lakefront property for sale, there are some things you should know before jumping into the deal.
Here are some important things to consider before buying a Candlewood Lake homes:
1. Does the lot extend to the water’s edge?
To determine if the land extend to the water’s edge, make sure to review the legal property description. You could also consult with an attorney experienced in waterfront real estate to determine what rights others have to use the land between your legal lot and the water’s edge.
2. Analyze the plat map.
Make sure to review the plat map if the land has been platted. Plats contain alleys, dedicated roads, and other areas which may not be visible when you inspect the Candlewood Lake home for sale. Even if the maps have not been accepted publicly, other parties or plat owners may have the right to use those areas for dedicated purposes.
3. Check the Candlewood Lake property if others may be using part of the land.
If someone besides the lot owner maintains a dock or moors a boat on or adjacent to the lot or if there is a path across the lot (one that extends to the lake), you need to determine what it is being used for, by whom, and under what claim of right.
4. Get a survey.
A survey is essential since the apparent lines of occupation may not be consistent with the legal description of the land you buy. The survey will identify if an adjacent lot owner has acquired the right to use a portion of the land within the legal description of the lot you intend to buy or if a portion of the Candlewood Lake home extends beyond the legal description of the land you intend to buy.
5. Talk to the Candlewood Lake Homeowner’s Association.
You might want to contact the Lake’s HOA since they have important information about issues that have faced riparian owners including current disputes and unresolved issues from the past, or understandings about the right to use lakefront areas. You can also talk to owners of adjacent Candlewood Lake properties since they may have information about these as well.
6. Review all documents in the title search or commitment.
Review the covenants, declarations, restrictions, or similar encumbrances to which the lot is subject.
7. Learn about Candlewood Lake
If you check the property in winter, you may not be able to tell if it is a great place for swimming or the situation about docking boats. Find out how deep the lake is, if there are issues with water quality, etc. Most of this information is available online or through the Lake’s HOA.
8. Learn about local ordinances and restriction regarding waterfront use.
Investigate if the municipality has any ordinances regulating docks and mooring of boats on privately owned Candlewood Lake waterfront property.
To better understand the different considerations in buying waterfront properties, it is best to seek the advice of the best Candlewood Lake agent who has experience with waterfront properties to guide you through the buying process.
To check out the hottest Candlewood Lake homes for sale or get more tips about buying a home for sale in Candlewood Lake, visit http://www.CandlewoodLakeCTRealEstate.com/
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