10 Things to Know About Buying Lakefront Property

So, you've decided to buy a home on the lake. Congratulations! There isn't anything more relaxing than heading out onto your patio, wind in your hair, enjoying the beautiful views, rustling trees, and the splash of waves and water on your property. Lake Granbury Texas makes an ideal place to call home, especially if you're looking for a home on the lake. But, there are some things to know before jumping into a lakefront property purchase. Here are 10 things to know about buying lakefront property.10 Things to Know About Buying Lakefront Property

#1. Use an agent who is familiar with lakefront property.

This definitely is the number one thing homebuyers should do before buying property. Sure, you can look at all the properties you want online, but when it comes to actually viewing a property in person or understanding of the logistics behind a lakefront property, it helps to have the resources and the experience of a lakefront property Realtor.

#2. Check insurance requirements.

Many lakefront or waterfront properties may have increased risk of flood damage so it's important to talk to your insurance company about any additional insurance or flood insurance that may be needed.

#3. Don't neglect hidden costs.

Lakefront homes may carry additional expenses that homebuyers might not be aware of. Water and sewer rates can be more expensive and there may be additional fees for dock or lift fees as well as septic tanks and other utilities. Ask your real estate agent about any details when it comes to additional costs or fees.

10 Things to Know About Buying Lakefront Property#4. Research the area.

It's important to understand the lake's history and future. Sometimes shores can actually move and as the water level goes up or down you could deal with some erosion. Either you or your real estate agent should do a little bit of research on the future of the property in which you are considering. Will there be any development around the home? Will there be any development or changes to the lake as far as you know? Talk to the city in which you are buying about any specifics you might need to know before purchasing a lakefront property.

#5. Ask the right questions.

Asking the right questions about lakefront property will make you more aware of the area and make you a more competent buyer. Just a few questions that should be asked are:

  • Is the lake bottom rocky, sandy, or muddy?
  • How busy does the lake get each season?
  • What type of recreational opportunities are available?
  • Does the lake freeze and are there stipulations or requirements during that time?
  • What about mosquitoes?
  • Are there any wildlife on the lake or around the lake that might be a nuisance or that I need to be aware of?
  • Does the lake maintain its water level?
  • Is there fish in the lake?
  • Does the lake flood and if so, how often?
  • Are you required to carry flood insurance?
  • Are there any restrictions of specific things not allowed on the lake?
  • Are there noise ordinances on the lake?

While these are just a few of the specific questions you should ask, here at the Knieper Team, we are well aware of the restrictions and requirements that go along with buying a Lake Granbury home.

Related: Tips for Conserving Water in your Home

#6. Is there a homeowner association?

There may be a homeowners association or other organization that controls part of the lake in which you are buying. You'll want to find out about any restrictions, fees, and monthly dues and what that covers. You'll also want to find out who is in charge of the Association and what to do if there's an issue.

#7. How far away are modern conveniences?10 Things to Know About Buying Lakefront Property

How far do you want to be away from your favorite coffee shop, bookstore, or grocery store? Does the commute work for your current job? Are you looking to use the lakefront property as a vacation home or year-round occupancy? Driving to and from the property during different times of the day will give you a better sense of what the commute times and routes are like.

More: What to know about owning a home with a dock

#8. Consider more than the home itself.

A lakefront property might be great but if it is not been maintained, more than the home may need some TLC. Is the docks dirty or will it need to be replaced? Is the water conducive to how you want to use it? Meaning, is there a drop-off or sandy bottom perfect for swimming or do you prefer more of a fishing dock?

#9. Don't neglect the inspection.

And it's important to use an inspector that is well-versed in lakefront property. We have a several Lake Granbury home inspectors that we recommend that are well aware of issues that can arise on a lakefront home and what to look for that many real estate inspectors tend to overlook.

#10. Zoning restrictions.

Zoning restrictions, legal implications, and conservation can all factor into purchasing a lakefront property. Is the home within a wetlands protection act? Is there a do not disturb of the shoreline? Again, using a Lake Granbury real estate agent that is very familiar with how to purchase lakefront property and all of the details will really go miles in making you more confident about your purchase.

Related: 5 Tips for Finding the Perfect Lakefront Property

Would love to help you find the perfect lakefront property in Granbury Texas and surrounding areas. Contact our office today for information on buying a home on Brazos River or Lake Granbury.

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Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than The Knieper Team are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated May 22, 2024.

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