" " " Maine's Waterfront Real Estate News: June 2020

Tuesday, June 2, 2020

Lakefront Homes for Sale in Maine - Best Property Investment for Nature Lovers

You will surely have a choice of new and existing lakefront homes for sale in Maine, with thousands of lakes in the state. But why should you buy one? What makes this type of property an excellent investment? Well, if you are a nature lover, you will definitely fall in love with lakeside living. 

Enjoy all kinds of activities 

Perhaps the biggest reason why adventure-seekers decide to buy lakefront homes for sale in Maine is that they have easy access to water. Living beside the lake lets you enjoy various water activities like boating, fishing, swimming, and kayaking. You can have fun any time you want—even in the winter. You will also have easy access to hiking, camping, and trekking sites. With so many things to do, you will never get bored.

Keep yourself healthy 

Water has therapeutic effects. It calms the mind, reduces stress, and improves focus. That’s why it’s natural for humans to want to go to the lake, beach, or ocean to relax. Imagine the impact of living in a lakefront home for sale in Maine to your healthy. Being able to enjoy the lake view and sound of water every day—it’s a dream come true. Aside from the water, the fresh air and surrounding nature also help keep your body and mind healthy. 

High resale value 

Although there are plenty of lakefront homes for sale in Maine today, the supply is still limited. And with high market demand, you can expect lakefront properties to have relatively high resale values. Real estate experts estimate an average growth of about 4%, which is two to four times higher than the standard appraisal value of standard residential properties. You will likely enjoy a higher return on your investment when you decide to sell your lakefront home.

Factors to Keep in Mind Before Buying Waterfront Camps for Sale in Maine

If you want to experience the beauty and advantages of living near the water, it’s time to buy a waterfront camp for sale in Maine. With thousands of picturesque lakes, ponds, and beaches in the state, you can be sure that there is no shortage of waterfront properties. But before you begin searching or negotiating with any seller, you may want to think things through. Here are some factors you need to keep in mind before making a decision:

1. Waterfront camps are not that easy to maintain.
With your property always expose to water and other environmental conditions, keeping it in tip-top condition requires more work and also money. You will need to perform regular checks on the structural framework, the kitchens, bathrooms, balconies, and even your furniture to ensure that they are properly protected and see if they need repair. Home maintenance is not easy, but it can be manageable with the right waterfront camp for sale in Maine. If you think you can handle all the hassles of maintaining a waterfront camp, then go ahead and buy one. 

2. You will have more responsibilities.
With great property comes great responsibility. Owners of waterfront homes are required by the federal, state, and local authorities to adhere to various laws to ensure they are taking care of their properties and the environment. They provide standards and rules on zoning and maintenance that you must follow.

3. The prices of waterfront camps may vary from town to town
Location is one of the essential factors in purchasing a waterfront camp for sale in Maine. You will notice that the properties in prominent neighborhoods and cities cost more than those in lesser-known towns. That’s because popular cities tend to have better road access and amenities, thus offering more convenience. If you like to live in a community where everything is nearby, look for a waterfront camp in well-known towns. But if you want to enjoy more privacy and peace without spending too much, look around lesser-known neighborhoods.