8 Things to Consider Before Purchasing a Candlewood
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 waters edge?
To determine if the land extend to the waters 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 waters 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 Homeowners Association. You might want to contact the Lakes 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 Lakes 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.
Its 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.