Purchasing Tips
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Purchasing Tips for Waterfront & Water View Buyers
 

  1. If you are thinking about purchasing a developed waterfront lot, consider making an offer to purchase conditional on inspection of any elements you have doubts about: the home itself, dock, septic system, well, drinking water quality, or erosion risk. Even if you don't have doubts about these elements, making your offer conditional to these inspections is recommended.

   2. Before you buy, evaluate how the property might change on a seasonal basis, as a result of influences like runoff and changing water levels. Check for low-lying areas with water build-up, which could be breeding grounds for mosquitoes.

   3. snowhouseoceansmCheck floodplain restrictions and required building setbacks. You may have trouble obtaining flood insurance if a building is in a floodplain.

   4. The BC Government has imposed new regulations on disturbing wildlife close to shore areas-make sure you know the rules before buying.

   5. On high bank lots, have an engineer inspect the stability of the cliff.

   6. When purchasing, ask for records of drinking water tests. Likewise, pass yours on to new owners, should you decide to sell.  Also ask for rate of water flow from the well, as some areas in BC have issues with water shortage. Remember that property value is often related to water quality.

This information was reprinted with Permission from the Living By Water Project (italics added by Waterfront West). For further information and environmental advice for waterfront owners, please visit www.bcnature.ca/projects/completed-projects/living-by-water

Copyright Sarah Kipp, Living by Water Project

Featured Waterfront Realtor

Dave Koszegi Personal Real Estate Corporation
Dave Koszegi Personal Real Estate Corporation - RE/MAX of Nanaimo

Dave Koszegi is SOLD on Sproat Lake and the Alberni Valley DAVE. For waterfront properties on Sproat Lake, it's the only name you need to know. One of Canada's top-ranked RE/MAX Realtors, Dave was (...)

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