8 Things to Look for When Buying Candlewood Lake Homes

8 Things to Look for When Buying Candlewood Lake Homes

Many people dream of owning a lake home. The picturesque view of the landscape and the serene atmosphere entices so many buyers to invest in a lake home for sale in CT. Yet many people jump right in without giving enough thought on the advantages and disadvantages of buying a lake home.

Buying a Candlewood Lake property is a major decision that should not be rushed. Your dream lake home could turn into a nightmare if you fail to consider what buying a lake house in CT entails.

It is important for you to know what to look for when buying Candlewood Lake homes for sale before making the investment. Here are a few tips:

1. Determine the type of lake.

There are different types of lakes as there are houses, so make sure to determine the type of lake before buying a lake property for sale. Some lakes freeze over during winter, which is a great opportunity for outdoor activities like ice skating and ice fishing. Other lakes offer a wide variety of water activities like boating, fishing, swimming, waterskiing, and lakeside recreation like picnics and barbecues. Lake houses on large lakes like Candlewood Lake Danbury CT  offer more choices when it comes to places of interest than do smaller lakes. Do some research on the number of residents and tourists that visit the lake every year. You might end up regretting your purchase when you realize that there are too many people on the lake than you imagined. Check if you will have your boat dock or if there are marinas around. Are guests allowed to dock their boats in the area? What has Candlewood Lake CT got to offer you? Are there schools and medical facilities nearby?

2. Hire an experienced realtor.

Make sure to hire a licensed realtor who is an expert and has years of experience in selling lake homes in Candlewood Lake Danbury CT. Try to find an agent who lives in the community and knows the area well. You should be comfortable working with your agent.

3. Consider purchasing a resale.

Buying a resale lake home is an easier option most of the time since the lake house is already built and you could move in as soon as the deal is closed. But make sure you still do the usual inspections for soundness of construction, termite inspection, pest inspection, electrical and gas inspection, guttering, and so on. Investigate how high the water gets and if the area is prone to flooding. Find out if the house has been flooded before and if the previous homeowners had any issues with building laws or insuring the lake house. If there has, find out why there was a refusal. If you buy in a flood prone area, getting your home insured might be a challenge.

4. Check the structural soundness of the lake home.

Make sure the Candlewood Lake home can withstand the elements. Have a professional check for structural soundness.

5. Location, location, location.
Ask yourself these questions about the location of the lake home for sale. Is it over or beside the water? Is is liveable all year long? In some areas, the lake house can only be used for a certain period due to septic issues. Do you have a waterfront view? Does the water freeze in the winter and how long? Are there boat type restrictions? Does the water level fluctuate?

6. Documentation
Get as much documentation as you can on the Candlewood Lake. Tax records, plots, surveys, disclosures, age of construction, precious inspection data, setbacks,and anything relating to the lake home for sale. The more information you have, the better position you will be in to make that final decision in purchasing the Candlewood Lake property.  

7. Covenants and restrictions
Research all you can about existing covenants and restrictions for Lake homeowners in the area. Are there restrictions in extending your dock or adding a building? Find out all the rules that apply to the home.

8. Ask more questions.
Inquire about lake rules on boat speed limits or horse power. Are you permitted to race jetskis or boats? If you do have a boat, be wary of lakes with bridges. These are not usually good for sailboats. Ask about any future development on the lake. You wouldn’t want to purchase a Candlewood Lake home with stunning views only to have those views blocked later on once the developers move in.

These 8 tips will help in your decision to buying a Candlewood Lake home for sale that you will enjoy and not regret. Happy house hunting!

Call Deborah Laemmerhirt now at 203-994-4297 and let her assist you with everything you need to know about buying or selling Candlewood properties. Her years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with her dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.