HomeBlog Home

10 Pros and Cons of Buying a Waterfront Home

Share to X
Share to Facebook
Share to Linkedin
Copy Link
Ryan Fitzgerald Ryan Fitzgerald
Oct 17, 2024 • 9 min read
10 Pros and Cons of Buying a Waterfront Home
Chapters

Pros and Cons of Buying a Waterfront Home

Are you considering purchasing a waterfront home? Here are the top ten pros and cons to help you decide whether to buy a waterfront property.

Living by the water is a dream for many people who seek vacation homes. However, owning a waterfront property comes with unpredictable expenses, so it's important to understand the reality of owning such a beautiful property.

Waterfront homes come in various sizes and styles, ranging from luxurious beachfront estates with breathtaking views to peaceful cottages nestled along lakes or rivers. Regardless of the type or location when buying a waterfront property, these homes are always in high demand.

When considering purchasing a waterfront home, numerous factors must be carefully considered, similar to any other real estate investment, but this represents a step up from conventional properties.

Acquiring a waterfront property can be an excellent long-term investment, offering a range of lifestyle benefits. However, it's also a significant financial commitment, so it's important to thoroughly evaluate the pros and cons before making this important decision.

Here are the pros and cons of buying a waterfront home. 

1. Pro: Beautiful Views

The captivating views from a waterfront residence are often a key factor driving people's quest to purchase one. For many, the allure lies in having a retreat for vacations and getaways.

Whether it's the serene beauty of a lake, river, or ocean, any water view serves as a wellspring of inspiration and tranquility. From breathtaking sunsets to the soothing lull of the water, these vistas have the power to transform one's daily outlook on life.

Not only do these views delight the senses, they also offer unrivaled opportunities for outdoor enthusiasts. The proximity to the water opens up a world of possibilities, making it easier to access various amenities compared to a typical suburban neighborhood.

If you're looking for a home with stunning views, I highly recommend considering a waterfront property. There's nothing more enchanting than enjoying a breathtaking sunset over the tranquil waters from your window.

Beautiful views of the water from waterfront home

2. Pro: Recreational Opportunities

Living by the water can offer easy access to many different recreational opportunities. A waterfront home is perfect for those who prefer swimming, boating, fishing, or just relaxing by the water. Spending days and nights enjoying the water, kayaking through waterways, or doing other activities is a dream. 

Especially if you are moving with a family, waterfront living can be quite appealing if you have kids because it promotes a healthy and active lifestyle with many recreational opportunities that will transform your home into a year-round vacation. 

If you enjoy scenic trails for hiking by the lake, biking along the beach, or participating in various water sports, then living by the water is ideal for you. With easy access to countless opportunities, there's something to do every day.

Waterfront home with jet skis on to enjoy

3. Pro: Relaxation

It's beautiful how many people are drawn to the idea of owning a waterfront home for the incredible sense of peace and tranquility it offers. The soothing sound of the waves, the gentle caress of a breeze, and the overall calming effect of nature can work wonders in melting away the stresses of daily life.

Studies have proven that residing near water significantly boosts mental well-being, lowers stress levels, and amplifies overall happiness. A waterfront home truly becomes an everyday retreat, providing a constant vacation spot.

Whether you prefer unwinding on your own private balcony, taking leisurely strolls along the shore, or simply soaking in the serene surroundings, the therapeutic advantages of living by the water are truly immeasurable.

4. Pro: Privacy

Owning a waterfront home can create a sense of remoteness and exclusivity that is difficult to find elsewhere. Since you are situated around natural beauty rather than in an urban area, these properties can provide a quiet getaway away from the commotion of the outside world. 

In addition to the privacy you will experience, waterfront homes also offer unique amenities and benefits, such as access to gated areas, exclusive beaches, marinas, and many other things. These high-end services can enhance your quality of life by bringing luxury, peace, and quiet into your everyday life. 

Quiet and secluded waterfront home for privacy and peace

5. Pro: Higher Property Value

Purchasing a waterfront home can prove to be financially beneficial over time. Homes by the water are quite desirable and tend to hold their value better than homes inland. Property values usually rise over time as a result of housing supply and the location's desirability, so owning by the water will result in higher property value. 

Purchasing a waterfront home can be a smart investment. Vacation properties near the water are usually in high demand for rentals, allowing you to earn extra income when you're not using the property. This creates a reliable return on your investment while you enjoy the benefits of waterfront living.

Furthermore, with the popularity of short-term rentals on platforms like Airbnb and VRBO, owning a waterfront home can offer greater rental potential compared to properties without a water view. Focusing on location is crucial if you're looking to maximize your investment.

6. Con: Higher Costs

Owning a waterfront home has its benefits, but it also has negatives that you should consider. One of the main drawbacks people consider is the higher expenses associated with waterfront homes.  

Waterfront homes are typically valued more than comparable residences due to their location as well as their amenities. This may result in insurance premiums rising due to the increased danger of floods and other water-related issues. These types of properties may necessitate more upkeep as well as other homes. 

When homes are exposed to freshwater or saltwater, structures can deteriorate more quickly, necessitating period maintenance and repairs that can result in more cost over time. Just like any other home, you need to be prepared for additional costs when owning a house, but when it comes to waterfront homes, homeowners tend to spend more than their average home inland. 

Below are some costs you should consider when it relates to the maintenance of a waterfront home:

  • Dock and boat lift maintenance
  • Storm window installation and upkeep
  • Saltwater corrosion prevention
  • Shoreline maintenance
  • Mold and mildew prevention
  • Extra cleaning

7. Con: Weather Risks

Residents who reside near bodies of water are also more vulnerable to water-related hazards. Hurricanes, storm surges, and flooding are some weather risks that occur in coastal areas and might endanger the safety and structural integrity of waterfront properties.

Although insurance can help with some of these risks, it is critical to be prepared and informed of any potential issues with your property. In addition to severe weather, erosion can also be a hazard for a waterfront home.

Shoreline erosion caused by the constant passage of water may impact the stability of the soil surrounding the property. Erosion control solutions can be utilized to protect and ensure long-term stability, but it is never definite. 

8. Con: Limited Availability

One of the challenges in purchasing a waterfront home is the limited supply of available properties. The limited supply of available properties for waterfront real estate creates a competitive market, which makes it harder and more expensive to buy. 

Finding the perfect lakefront or beachfront home that meets your goals and fits within your budget can be challenging and time-consuming. Also, when buying a house, negotiations usually work with sellers. However, since waterfront homes are so popular, you have less room for negotiation and tend to pay more. 

If you are looking to buy a home in a competitive market and popular location, remember to be patient and work alongside a knowledgeable real estate agent to help you make informed decisions. 

Birds eye view of many waterfront homes

9. Con: Insurance Issues

When it comes to waterfront properties, the cost of home insurance is typically higher compared to homes that are not near bodies of water. This is because insurance premiums are based on the level of risk, and water presents one of the biggest risks for homeowners with these properties.

For instance, oceanfront homes can be vulnerable to damage from hurricanes and other major storms, while houses on rivers and canals could be affected by flooding.

The average annual home insurance cost for beach houses varies from $850 to $5,000, depending on factors such as the location, size of the property, and type of house.

In some cases, you might also need to consider purchasing flood insurance. If you're considering a waterfront home investment and need to stick to a budget, it's important to carefully consider the insurance cost before making an offer on that home.

10. Buying a Waterfront Home

There are a few factors to consider when considering a waterfront home that isn't an issue when buying a landlocked home. Location is one of the main things you should consider when you are searching for a waterfront property. On the other hand, price is always a great way to start when you are searching to buy

Remember that a waterfront home is just like other properties. However, it has different pros and cons. You have to consider many things beforehand so you do not waste your time or money. 

Overall, waterfront properties typically see the highest appreciation and continue to be in high demand, so if you are considering buying a waterfront home but are afraid of the cost, it is a great investment. 

Waterfront home view form inside the house

Methodology

We used information from different sources and our data to create this guide on the pros and cons of buying a waterfront home.

The following are a few sources we used to gather most of our information about some pros and cons of buying a waterfront home. 

FAQS

What is a disadvantage of owning a lake house?

While lake houses offer serene beauty, they may attract insects like mosquitoes. Moreover, their remote locations can sometimes pose challenges in accessing amenities and healthcare. However, the charm of nature often makes these trade-offs worthwhile.

Do waterfront properties appreciate faster in the United States?

Thanks to their exceptional locations, waterfront homes typically retain and often increase in value more rapidly than non-waterfront properties.

Why are oceanfront properties so expensive?

Oceanfront properties are exclusive in waterfront living, making them more expensive than other properties. Unlike landlocked homes, waterfront properties are less common and harder to find, which increases their desirability.

Is living on the water worth it?

Living on the water can be ideal for some people while not suitable for others. This lifestyle offers unique and attractive benefits, including scenic views, recreational opportunities, health advantages, and the potential for increased property value.

Pros and Cons of Buying a Waterfront Home - The Bottom Line

Living near water could improve your health and help you live a less stressful life. Depending on the location, you might face different advantages and disadvantages than other properties. No matter where you choose to live by the water, you should consider all the pros and cons beforehand since it is a large and significant investment

Owning a waterfront home can be a dream come true for those seeking a relaxing and quiet lifestyle. The benefits are plentiful, ranging from beautiful views to high property value, but there are also drawbacks you need to consider, such as high prices and weather-related dangers. 

If you are ready to buy and find the perfect waterfront home that meets your needs, lifestyle, and budget, make sure you contact a trusty real estate agent to help you with the home-buying process. This will save you time, money, and headaches. 

If you are considering moving or selling, contact us or visit our website. Our team at Raleigh Realty is here to help you with any home buying or selling needs.  

Ryan Fitzgerald
Written by
Ryan Fitzgerald
Realtor

Hi there! Nice to 'meet' you and thanks for visiting our Raleigh Real Estate Blog! My name is Ryan Fitzgerald, and I'm a REALTOR® in Raleigh-Durham, NC, the owner of Raleigh Realty. I work alongside some of the best Realtors in Raleigh. You can find more of my real estate content on Forbes, Wall Street Journal, U.S. News and more. Realtor Magazine named me a top 30 under 30 Realtor in the country (it was a long time ago haha). Any way, that's enough about me. I'd love to learn more about you if you'd like to connect with me on Facebook and Instagram or connect with our team at Raleigh Realty. Looking forward to connecting!

Related Blogs

7 of the Best Beaches Near Raleigh, NC
Nov 18, 2019 5 min read

7 of the Best Beaches Near Raleigh, NC

With so many popular beaches near Raleigh, NC youll never run out of great places to spend some time in the water and sun. The map above is a great way to determine just how far the beach is from Raleigh, NC when searching for beaches near me. We will go through each beach and discuss how far it is as well as what to expect when visiting. Check out the 10 best beaches in North Carolina While our

7 Best North Carolina Lake Communities
Oct 23, 2023 10 min read

7 Best North Carolina Lake Communities

If youre considering moving to North Carolina and love the idea of living near some of the best lake communities, weve got you covered with some great insights Lets take a closer look together. North Carolina is an ideal destination for anyone looking to relocate to a place with a low cost of living, pleasant weather, a thriving job market, and stunning landscapes. This state has something to offe

7 Vacation Home Buying Tips
Jul 10, 2024 10 min read

7 Vacation Home Buying Tips

Are you considering buying a vacation home Here are seven vacation home-buying tips you should follow. Buying a vacation home seems like the dream. However, there is much to think about. Buying any type of home is a big decision that requires a lot of planning and work. However, itll all be worth it when youre sitting in your new and beautiful vacation home. Whether you are looking for a home on t

7 Top Vacation Home Destinations in North Carolina
Jul 22, 2024 10 min read

7 Top Vacation Home Destinations in North Carolina

Are you considering buying a vacation home in North Carolina Here is everything you need to know about the seven top vacation home destinations in North Carolina. Buying a home is a huge commitment, and buying a second home is an even bigger one. While becoming a homeowner seems like the dream, it is still a large decision that requires a lot of planning and work. However, itll all pay off in the

What's your home worth?

Have a top local Realtor give you a FREE Comparative Market Analysis
Raleigh Realty HomesRaleigh Realty Homes
Contact Us

2474 Walnut St #248 Cary, NC 27518 , Call/Text: (919) 249-8536

Raleigh Realty Homes

The data relating to real estate for sale on this web site comes in part from the Internet Data ExchangeTM Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than Raleigh Realty Inc are marked with the Internet Data Exchange TM logo or the Internet Data ExchangeTM thumbnaillogo (the TMLS logo) and detailed information about them includes the name of the listing firms.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listing firm has attempted to offer accurate data, but the Information is Not Guaranteed and buyers are advised to confirm all items.