We can surely count the owners of waterfront properties to be some of the luckiest out there. There is no better feeling than waking up in the morning and appreciating the view of the ocean, bringing a sense of tranquility into your life that you didn’t know was possible. And while owning waterfront property is a dream come true for many, there are several factors to consider when purchasing a permanent or a vacation home on waterfront property. In this article, we take a look at our top 3 tips on buying waterfront property in British Columbia, so you can have a better idea of what life on the shoreline is all about.
Choose a Property That Truly Fits Your Lifestyle
When purchasing your waterfront property, it’s important to choose a property that fits your lifestyle. Do you want to purchase a waterfront property just for the view, or do you want access to the water for your favourite activities? Choose a waterfront property that complements your lifestyle, and then find out if you have access to that water before purchasing (we’ll discuss more on this below!).
Ramara Garrett, owner of Waverly Property Group tells us why it’s important to choose a property that fits your lifestyle on HGTV.com:
“You may find a beautiful property for sale, but it’s half an hour away from getting out to the ocean. “If you love to go out deep-sea fishing, that’s going to make a difference in how often you actually do it,” Garrett says. Focus on the activities you’re passionate about and choose a property accordingly.”
Water Not Included
It’s important to note that while you are free to enjoy the view of the water that is in such close proximity to your property, you do not actually own that body of water. That’s right, no matter how close that body of water is to your private property, you may not be able to use it. So when going through the process of purchasing your new dream home, it’s important to consider the rights that may or may not come along with your waterfront property.
Sotheby’s Realty explains more on why the body of water attached to your land may not come with water access:
“By law, bodies of water are not considered a part of private property in Canada. Riparian rights—the rights of landholders whose property runs into a water bank—differ by province, and are not always straightforward. A review of a property’s deed or title can reveal what rights are included with a particular home. Having an experienced real estate agent on hand to review water access and landholder rights before purchase can save you from unpleasant surprises.”
Buying a Property That Been Designed to Withstand Mother Nature
It’s important to make sure that the property you are buying can withstand and/or avoid mother nature’s sudden occurrences. Flooding is a huge consideration for waterfront properties, and you must make sure that your property has been built to maximize your protection against environmental damage.
Realtor Keith Watts tells what needs to be taken into consideration when it comes to mother nature and your new property:
“Mother nature has a mind of her own these days and whether you believe in climate change or not you will want to take heed of local weather when you consider purchasing a lakeside home. We will get to flooding, which is a common spring problem for waterfront homes in Kelowna, but we also want to point out other natural occurrences that can wreak havoc on your yard, home, and utilities such as wind, and forest fire. You’ll want to keep an eye out for larges trees too close to the home, foundation heights, and landscaping that is not native to the area and could be seen as fuel for fires.”
Interested in purchasing a stunning waterfront property in British Columbia? We can help. With over 30 years of experience representing buyers and sellers in the British Columbia market, we can help you find available properties in your price range that suit your needs. Contact Cascadia Pacific Realty, Ltd to start making your dream become a reality!