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Tips for Buying Waterfront Property in Fort Lauderdale
Tips for Buying Waterfront Property in Fort Lauderdale

 
Wednesday, February 22, 2012

Many homebuyers dream of owning waterfront property. Whether a condominium on the Intracoastal/Atlantic Ocean, or one of many waterfront homes, Fort Lauderdale has endless waterfront options for the waterfront buyer.  It is important that you know some of the intricacies of waterfront home ownership, in terms of rights, docking, and Sea Walls. Below are some important questions to ask before you buy.

 

Know your Rights: Make sure you check if your property contains an easement for access to the general public, or if the land is privately held upon your purchase. This relates largely to single family homes, however in a waterfront condominium you should inquire to what the association allows and the types of fees for maintaining the waterfront.

Docking: If your home does not have a boatslip or dock, check to see if there is any red tape if you chose to build one in the future. Ask your realtor if there are fixed bridges as well, since many yachts will not be able to pass beneath the bridges.  Many condominiums in Fort Lauderdale have boat slips, check to see if you have access to one with your purchase or if there are slips available for purchase.

Flood Zones: Since you will be on the water, there are certain risks you assume with flooding. It is a good idea to take out flood insurance, especially in Florida with the potential for hurricanes. You can go to the FEMA website to see what classification your homes falls under. In order to get flood insurance you will need to obtain a certificate of elevation.

Seawalls: During your inspection, make sure that the sea walls are in tact, if there is one. Maintenance and repairs can be costly and it is an essential part of your home. 

 

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