8 Things to Consider Before Purchasing a Candlewood Lakefront Home
Owning a waterfront property
is a dream for most Americans, not just because of the incredible views, but
for the lifestyle that living near the water 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.
It’s always a good idea to
seek the help and advice of an experienced Candlewood Lake real estate agent
before purchasing a waterfront home in Candlewood Lake Danbury CT. Your agent
will be able to guide you through these considerations in order for you to have
a smoother buying experience.
To get more tips about
buying a home for sale in Candlewood Lake, visit http://www.CandlewoodLakeCTRealEstate.com/
Call me, Deborah Laemmerhirt
now at 203-994-4297 and let me assist you with everything you need to know
about buying or selling Candlewood Lake properties. My 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 my dedication
to providing the finest service will make it easier for you to find your dream
home in Connecticut.
