Buying a Waterfront Property: What to Know Before You Dive In

Owning a waterfront property is a dream for many, especially as summer arrives and Lake Erie’s shoreline becomes a prime destination. If you want to make this dream come true, learn about buying a waterfront property in this post by Patriot Title Agency, Inc. in Canton, OH.

There’s nothing quite like owning a waterfront property, especially in the summer. Whether you’re dreaming of waking up to sunrise views over Lake Erie, spending afternoons on the water, or hosting sunset gatherings by the shore, buying a home on the water is a goal for many.

Here’s what you need to know about buying a waterfront property so you can fulfill that dream.

Ready to buy a waterfront property? Call Patriot Title Agency, Inc. in Canton, OH, at 330-479-3000 to find the title services your case needs.

Buying a Waterfront Property

1. Understand the True Cost of Waterfront Living

While owning a home by the water may seem like the ultimate lifestyle upgrade, it often comes with higher costs than a typical property.

• Waterfront homes are typically more expensive due to their desirable location.
• Property taxes are often higher because of the increased value.
• Insurance costs can be more expensive, especially if the home is in a flood zone.

Before purchasing, factor in the long-term costs of waterfront ownership to ensure it aligns with your budget.

2. Choose the Right Location

Not all waterfront properties are the same, and choosing the right location is key to getting the lifestyle you want.

• Lake Erie properties offer stunning views and a range of activities, from boating to fishing.
• Consider proximity to amenities like marinas, restaurants, and shopping.
• Think about how busy the area gets during the summer—some buyers prefer a quiet, private retreat, while others want to be in the heart of the action.

Exploring different areas and visiting potential properties during peak and off-seasons will help you get a feel for the location.

3. Check for Flood Zones and Erosion Risks

One of the biggest risks of owning a waterfront home is exposure to flooding and erosion.

• Look at flood zone maps to determine if the home requires flood insurance.
• Inspect the shoreline for erosion, which could affect property value and long-term stability.
• Ask about historical water levels and storm impact to understand potential risks.

Lake Erie, for example, has seen rising water levels and shoreline erosion in recent years, making it essential to assess how well the property is protected.

4. Inspect the Home for Water Damage and Structural Issues

Waterfront homes endure harsher conditions due to their exposure to moisture, wind, and fluctuating temperatures.

• Check for signs of water damage, including mold, rotting wood, and rust.
• Inspect foundations and seawalls for cracks or structural issues.
• Look at roofing and siding materials—homes near the water need durable, weather-resistant materials.

A home inspection should include a thorough check for any water-related damage, helping you avoid costly repairs down the road.

Don’t forget to also check the property’s title! Call Patriot Title Agency, Inc. in Canton, OH, at 330-479-3000 to request a professional title search and title insurance.

5. Learn About Waterfront Regulations and Restrictions

Waterfront properties often come with additional zoning laws and environmental regulations.

• Some areas have restrictions on building docks, seawalls, or adding new structures.
• There may be local regulations for boating, fishing, or water usage.
• If the home has a private beach, verify ownership rights and public access rules.

Checking with local authorities will ensure you understand what’s allowed and what’s not before you buy.

6. Consider the Lifestyle and Upkeep

While a waterfront home offers amazing views and recreation, it also comes with unique maintenance responsibilities.

• Boat docks, seawalls, and decks require regular maintenance.
• The humid and salty air near water can cause faster wear on outdoor furniture and fixtures.
• Pests like mosquitoes and water-loving insects can be more common near lakes.

If you plan to use the home only in the summer, you’ll also need to winterize the property to prevent damage during the colder months.

7. Think About Rental Potential

Many buyers purchase waterfront homes as vacation rentals, especially in summer hotspots like Lake Erie’s shoreline towns.

• Check local rental restrictions and permit requirements.
• A waterfront rental can generate strong income during peak summer months.
• Consider property management options if you don’t plan to be there year-round.

A well-located waterfront property can be both a personal retreat and an investment opportunity.

8. Work with a Waterfront Real Estate Expert

Buying a waterfront home is different from purchasing a traditional property, so it helps to work with a real estate agent who specializes in waterfront sales.

• An experienced agent can help you navigate flood insurance, zoning laws, and shoreline regulations.
• They’ll know which areas are stable and which may have erosion risks.
• They can connect you with local inspectors and contractors who understand waterfront property needs.

Having an expert on your side will make the process smoother and less stressful.

Whether you’re buying a waterfront property or are going into other real estate ventures, call Patriot Title Agency, Inc. in Canton, OH, at 330-479-3000 for the assistance and title services your case needs.