A waterfront home is located right next to the water, with the property line actually including or right up against the water. In contrast, with a water view home, your property line may not include the local body of water, but you can still see and enjoy the view of the water from your home. When looking at water view homes, there are a few essential things you need to consider.
1. Stability of the View
First, when you purchase a water view home, you are paying in part for your getting view. That is why you are going to want to investigate the stability of that view. You need to consider the property that is between your home and the body of water and how stable that property is.
For example, if between your view and the body of water are homes that are older or very settled, you have a pretty stable view that shouldn't be compromised in the near future. If there is a big empty property between your view and the body of water, that land could be purchased and developed and your view could be gone.
When purchasing a water view home, you want to purchase a home where your ability to see the water looks to be protected over the long term. That will protect the reason for buying the home and the value of your home, which the water view will boost.
2. Flood Area
When you can see the water, there is also a chance that the water could get to you. When looking at any home near a body of water, it is essential to research the local flood areas. You will want to find out where the local flood plain is located and where floodwaters have crept up to recently.
You are going to need to consider how protected the property would be in a flood situation. You will also want to figure out if you will need to carry flood insurance, and if so, what the cost will be. Flood insurance is going to be an additional cost on homeowners insurance.
Just because the home isn't right on the water doesn't mean the water doesn't impact it. For example, if you have an ocean view, you will have to deal with the consequences of salt spray on your home, as the salt carries far in the wind. Even with a lake view, you may get stronger windstorms.
Be sure to consider the overall condition of the property and the additional maintenance costs it may need over time due to its proximity to a body of water.
When looking at a water view home, ensure that the view itself will be protected. Find out about the flood area and how flood insurance will impact your yearly homeowner costs. Finally, consider what type of maintenance will be required for this special property. You want a property you can afford that will retain its value and worth to you over time.