9 Things You Must Know Before Buying Lakefront Property

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Patrick and BJ Talk Real Estate discuss all things you need to consider when buying a lakefront home.
Purchasing a house on the lake as your primary home or vacation home can be a fantastic idea. However, there are a lot of different factors to know about before buying lake front property. Buying a lake house is much different than buying a cookie cutter house in suburbia such as the cost per square foot comparison approach will not apply in the same manner to lakefront houses.
There are almost too many lakes to choose from on Vancouver Island that allow you to own a slice of lakefront property. You could be right in the hustle and bustle of the Greater Victoria area or more rural with a easy weekend commute. The following are a few things that you must research and be aware of when looking at lakefront real estate in the Greater Victoria area and Vancouver Island.
A lake house can be an incredible home just be sure to keep these tips in mind when looking at different lakefront properties.
Do you have any more questions about real estate in Victoria? We are happy to help you with all your real estate needs. Feel free to reach out to The Island Real Estate Team.
Patrick Novotny, Realtor, exp Realty
📱 Call or Text: 250-858-0288
📨 Email: [e-mail]
BJ Brahmacharie, Realtor, eXp Realty
📱Call/Text 250-415-8667
📨 Email: [e-mail]

[@therese6447]

I live in Texas....outside of San Antonio....in Guadalupe County. There was a damn break that impacted at least three lakes down here and it still isn't fixed. People on the lakefront properties.... water levels extremely low not to mention the impact to wildlife fishing...hope they can fix it...another item to consider...is it a natural or manmade lake? What feeds into the lake? Who maintains it? Who owns it? Seems like a COOP here Guadalupe River Valley Authority is responsible for management and upkeep...headaches for those people who lost value in their lakefront properties...not to be doom and gloom but something to research and consider. And we are in a drought....boat ramps closed and record low water levels.

[@patrickandbjtalkrealestate]

Thank you for your excellent comment, and that's certainly something worth considering. Fortunately, on Vancouver Island, it rains for most of the winter, replenishing our reservoirs. Vancouver Island is also characterized by a mountain range with snow-capped peaks, which contributes to the water supply in our lakes, especially from the middle to the northern part of the island, where snowmelt is abundant. Essentially, we reside in a sub-temperate rainforest in the Pacific Northwest, but it can become dry, leading to concerns about wildfires. Love Texas btw. :)

[@earthandwater]

This was so helpful, thank you!

[@patrickandbjtalkrealestate]

You’re very welcome. Are you looking for or planning on purchasing a waterfront property?

[@bc900]

Physical amenities should not include your preferential amenities. I feel like a wasted my time watching a video.

[@patrickandbjtalkrealestate]

Sorry it wasn't what you were looking for, but thank you for watching. Are you looking for waterfront property on Vancouver Island?