Things to Consider When Buying a Candlewood Lake Home for Sale

Things to Consider When Buying a Candlewood Lake Home for Sale

Lake homes have a certain appeal that makes them enticing to buy right away. Don’t make the mistake of purchasing a lake home for sale just because of the picturesque view and the serene atmosphere. Many buyers make the mistake of jumping right in without giving it much thought, only to regret it later on.

Buying a 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 more people on the lake than you imagined. Check if you have a 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 resale.

Buying a resale lake home is an easier option most of the time since the lake house is already built and you can 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, 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 or if the previous homeowners had any issues with building laws or insuring the lake house. If there were issues previously find out what they were and how there were solved. If you buy in a flood prone area, insurance agencies might not be very accommodating with you.

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 it 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 property. 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.

Buying a is a big decision that should be well thought out; and following these tips will help you make the right decision on buying the best lake home for sale.

Call 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.