Are you thinking of buying one of the lakefront homes for sale in Maine? It is easy to get tempted by listings online, and you might even make a crucial buying decision based on the beauty of the property. However, there are certain things you must definitely consider before you proceed, such as knowing the crucial facts about the property. Here are the critical things that are worth looking at:
1. The exact location of the property – Town offices in Maine usually keep maps outlining the location and size of every piece of real estate. They may not be completely accurate, but they can get you started in determining if the lakefront home is worth your time or not. So, be sure to acquire a site plan and take the time to find its exact location, particularly the property corners and lines. Be wary of potential easement issues, such as power lines, roads, trails, and fences. Moreover, keep in mind that not all lakefront homes for sale in Maine are surveyed.
2. The area and property’s history – Determine what the land was and how it was developed. You may need to consult with neighbors to learn about any issues they might have encountered in their years of living there. Look into details such as the structures and development, as well as waterfront-related problems. More importantly, find out if it is really enjoyable to live there.
3. Usability of the property – Lakefront homes for sale in Maine can be affected by different factors in terms of usability, such as state shoreland zoning and local waterfront ordinances, town zoning, CCRs (Covenants, Conditions, And Restrictions), and deed restrictions. Find out how much of the property can you use for your intended purpose, and look into every access issue. Make sure that you have access to every necessary utility, all year, and understand the rights regarding the vegetation on a prospective property’s waterfront.
Consult with local experts on lakefront homes for sale in Maine to make an informed decision. They will assist you in exploring the property as well as in the negotiation process.
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