First-Time Lakefront Homebuyer's Guide
Buying a lakefront home in Montgomery County is possibly one of the most exciting purchases of your life. With unparalleled access to water activities, like boating, fishing, and swimming, everyday will feel like a dream.
Lake Conroe is one of the county's most beloved lakes, attracting homebuyers from far and wide. There are tons of phenomenal waterfront properties for sale on Lake Conroe in a variety of terrific neighborhoods. These homes offer incredible features and amenities, like private docks and manicured landscaping that make them so extraordinary.
However, buying a lakefront home for the first time, whether it's a vacation home or full-time residence, is a little different than buying a regular home. There are a few differences that make these properties unique.
Buying a Waterfront Home vs. a Regular Home
Before you buy a waterfront property, it's important to know what makes them different from non-waterfront homes.
Most times, lakefront homes have higher maintenance costs than other homes. The weather by the water is amplified, so exterior pipes, siding, and roofing is more disposed to getting damaged. This means that you're more likely to spend money on home maintenance every year compared to other homes.
Home insurance is also more pricier on the waterfront. This is because these properties have a high risk of natural damage.
Since these homes are located on the water, it's a good idea to purchase flood insurance on top of your regular insurance. This will add a few hundred dollars to your fees each year, but you'll have financial security for water damage.
Although buying a home on Lake Conroe includes a few more expenses compared to other homes, they have so many benefits that you simply can't find anywhere else.
Homes located on the waterfront have unbeatable views of the shimmering lake. Imagine waking up every morning to watch over the soft waves lap on the shore of your water frontage.
Waterfront homes for sale in Montgomery County also have outstanding access to the water from private docks. You can relax by the water without being disturbed by tons of other beachgoers.
Tips for First-Time Lakefront Homebuyers
There are so many benefits to living on the lakefront, it's hard to pass these amazing opportunities up. So, when you're buying a lakefront home for the first time, consider these few tips:
Get Your Mortgage Pre-Approved
Before you even begin looking for a home, it's a good idea to get your mortgage pre-approved. Your banker will analyze your finances and figure out exactly how much a bank will loan you for a home.
When you know this number, you have a solid budget. Your budget will allow your real estate agent to refine the home search so you only view homes that fit within your means.
Consider More Than Just the Home
When buying a waterfront home for the first time, you need to consider more than just the house. Part of the allure of these properties is their location, so make sure the waterfront is exactly what you want.
Take a look at the condition of the water—is it clean or murky? Is there a lot of water traffic or is it quiet? You'll also want to know whether or not the water is deep enough to accommodate a boat.
Know Your Deal Makers and Deal Breakers
When searching for a home on the water, make sure you have a must-have list. It’s good to know what's important to you so you can find the home of your dreams in the perfect location. Knowing exactly what you want in a home will also you to make quick decisions.
Your real estate agent can use your deal makers and deal breakers to show you homes that only suit your requirements. This makes the home buying process run a lot smoother. If you still have questions about buying a lakefront home, particularly on Lake Conroe, read our blog on questions you should ask before buying a Lake Conroe waterfront home.
Get a Great Real Estate Agent
Buying your first lakefront home in Texas can sometimes be an overwhelming experience. But, with a phenomenal real estate agent who knows the lake you're buying on, you don't have to worry about anything! If you choose one of the agents at The Property Source in Montgomery County, they will be by your side every step of the way to help you find the best home for you.
After you find the right place, your agent will work with you to create a competitive offer that has the most favorable terms and conditions. At the end of it all, you'll have your champagne pop moment on the lakeside.
If you're interested in buying a lakefront home in Montgomery County, contact one of our expert agents.