Tip On Buying A Lake Home

8 Buying Tips when Purchasing a Lake Property

You know in real estate they say "all agents are not created equal" and this could not be truer when it comes to dealing with lakefront  properties.


We Deal with Cottages to Luxury Estates


Work with a Realtor who has knowledge of the lakes

An astounding number of buyers sign up with Realtors that just don't have the experience or expertise needed to gauge all that goes into the purchase of waterfront property. The best step you can do is to hire someone with prior, proven and effective experience in dealing with such homes. Hire an agent familiar with shoreline rules, state building setbacks, dock rules, water quality and clarity. There are 250 lakes in the NH Lakes Region and to be honest I can only recommend about 75 of them.

Look at More than the Structure

The home may look wonderful and seems to fit your family's needs. Question what parts of the home can you change or add on to or is the current footprint all you have to work with. What about the water quality and the is the bottom sandy or mucky for swimming,  Are you happy with the view? You may not be able to cut trees to make any improvements along the shoreline.


Does the location Match Your Lifestyle

Keep your lifestyle in mind when seeking lakefront properties. Ask yourself what your primary use of the property will be. Do you plan on spending most of your days out on the water fishing or boating?  What about using the home during the winter months, how close are the ski areas or access to snowmobile trails . What types of recreation or amusements are around the area for days not spent on the lake or those rainy days.. Prior to Visiting a Home, Call your Local Banker

Unlike conventional properties a lake home may not match what your local bank will even make a loan on.  If the bank is selling the loan in the secondary market most will not give you a loan on a seasonal or island property. You may need to find a bank that will hold the note in house. Do your homework up front. If you find that perfect home you may need to act quickly and if your banking is not lined up you may lose the home. My best advice is use a local small bank. Just trust me on this one. Insurance

Check to see if the home is in a flood zone. This past November FEMA recreated all the flood maps putting almost every home on every lake in the flood zone. Don't trust the old owner, his policy pre-dates the FEMA changes.  Flood insurance is expensive. If you are in the flood zone you may be able to work with a local surveying company to get an elevation certificate to avoid the insurance. Don't laugh when you view the FEMA maps, pretty sure they were done hundreds of miles away with a crayon.  Other areas of insurance you may have to deal with are private roads, you will need a road agreement, if the road is private and fire hydrants will be brought up. Pump the water out of the lake!

When doing your inspection check everything.

Inspections are critical for properties located on or near the water. Not only that, it is important to work with an inspector that has proven experience in dealing with similar properties. The reason for this is that the nature of these properties is completely different than standard homes. In addition to checking the structure check the home for radon air and water, plus the complete battery of water tests including arsenic.

Talk to the neighbors.

Ask the neighbor where the property line is, half the time no stakes can be found on waterfront properties. What about any problems you may have heard about with the home or the neighbor on the other side, do talk to all the neighbors. I have seen many buyers run for the hills after talking to the neighbor.

Lastly are you ready for a second home?

Many buyers neglect to realize the level of responsibility involved in owning a waterfront property.  Heating the home, general maintenance, outdoor landscaping , plowing the driveway, dock maintenance, buying and maintaining a boat and the added, taxes, insurance costs associated with owning a second home.  Think it through.

When you are ready to move forward call us, we have over 20 years of valuable lake experience.

For additional information on purchasing a lake home in NH call Lady of the Lake Realty  at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view recommended lakes and homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.

What Lake in New Hampshire is Right for You???

NH lake real estate for sale - how to buy a NH lake home - sunset suncook lake

If you can dream it, WE can make it happen!

 If you are looking  for  a lake property  in New Hampshire you have  hundreds  of lakes to choose from.   While that means you will have lots of possible choices, it will also mean that sorting through the various properties and water bodies  to determine which one is right for you can be difficult, time consuming, and downright frustrating. 

What you really need is some help from an expert in the area.  Lady of the Lake Realty has experience not only in lakefront real estate purchases  but also  boating , fishing, skiing, snowmobiling,  hiking, water-skiing, shopping and general  area knowledge.   My wife, Paula Hinckley,  started Lady of the Lake Realty in 1999, one of the first waterfront web based real estate businesses.  I  joined her in 2007. Together, we will help you with questions on lake water quality, boating restrictions, Comprehensive Shoreland Protective Act, Septic Systems, and general news about the area.

 If you want to start by familiarizing yourself with area lakes  visit one of our websites: http://www.lakeorskirealestate.com/nh-real-estate/quick-lake-search.html .     

If you want to get started looking for your new getaway  we can help.   It starts with your wish list.   A typical wish list might be a 3 bedroom, 2 bath home, sandy beach  within 30 min of skiing on a 3000 acre lake with a salmon fishing .  Yes we can find you that home!!  But realistically are you in that price range.  Ok you're not in the $600,000 plus price range but you would still like the benefits of your wish-list,  there are many beach access communities on large lakes that you can view the water, walk to the beach and have your boat on your own dock for less dollars than waterfront owned. Or consider  a smaller lake, seasonal property or a home on a motorboat restricted lake.  A couple of ideas for your wish list, sandy beach and southwest exposure so you can enjoy swimming with the kids and the sun all day along with a great sunset.  

  If you can dream it, WE can make it happen!  

  For additional information on lake homes call Lady of the Lake Realty at 1-888-737-5550 or e-mail at info@nhlakesrealty.com or visit our website to view  lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com  Contact us today!