Fierce and epic all rolled into one, she’s an absolute rockstar. Jessica Hastings-Lesperance was Raised with Real Estate™ for her entire life. She is co-owner, Marketing Visionary, Director of Operations, and realtor® at the Terri Hastings Real Estate Group/Keller Williams Realty Centres, one of the top producing Keller Williams teams in all of Canada.
Owning a waterfront property is a dream for many, but it comes with unique considerations that every buyer must understand. From zoning laws and insurance costs to maintenance and privacy, there are key factors to research before diving in. Whether you’re looking for a peaceful retreat, a vacation home, or a long-term investment, understanding these factors will help you make the right decision.
Working with an experienced waterfront Realtor® is crucial to avoid surprises down the line. Here are the nine most important things to know before buying a waterfront home.
1. Know the zoning laws & property restrictions
Before falling in love with a waterfront home, dig into local zoning laws and regulations. Can you build a dock? Expand the home? Clear trees? Many waterfront areas have strict rules regarding renovations, setbacks, and shoreline protection.
Additionally, check if the area is in a flood zone. Rising water levels or storm surges could impact your property and your insurance rates. Reviewing flood maps and local bylaws will ensure you’re making an informed decision.
2. Learn about the shoreline & water access
Not all waterfronts are created equal! You need to ask:
Is the shoreline rocky, sandy, or prone to erosion?
Can you swim safely in the water?
How deep is the lake or river?
What are your dock rights and regulations?
If you’re dreaming of a private beach or boat dock, don’t assume it’s possible. Always check shoreline ownership rights and local water quality reports before purchasing.
3. Privacy can be a challenge
Waterfront homes often attract tourists, boaters, and outdoor enthusiasts. Before you buy, assess how much privacy the property offers.
Ask yourself:
Is there public access to the water nearby?
Does the lake get busy in summer with boats and swimmers?
Are neighbors close by, or is it more secluded?
If you’re looking for peace and quiet, make sure the location fits your vision.
4. Research the community & development plans
The surrounding neighborhood and future development can impact your enjoyment and property value. Before buying, find out:
Are there plans for new developments nearby?
Is this a quiet community, or does it turn into a tourist hotspot in peak seasons?
Are there any homeowner associations with maintenance rules?
Knowing what to expect ensures you’re making a long-term decision that aligns with your lifestyle.
5. Insurance costs are higher
Waterfront homes often come with higher insurance premiums due to increased risks like flooding, storms, and erosion. Be prepared for additional costs, such as:
Flood insurance (if required in your area)
Storm protection coverage
Additional liability for docks and water activities
Work with an insurance broker who understands waterfront properties to ensure you have the right coverage without overpaying.
6. Utilities may be different
Many waterfront properties, especially in rural areas, don’t have standard city utilities. Instead, they might rely on:
Septic tanks (instead of city sewage)
Well water (instead of municipal supply)
Propane heating (instead of natural gas)
Check what utilities are available and factor in ongoing maintenance costs. If you’re building from scratch, research the costs of bringing in electricity, water, and internet services.
7. Weather & maintenance are bigger factors
Waterfront homes face more exposure to harsh weather, such as strong winds, humidity, storms, and heavy snowfall. This means:
More frequent repairs to roofing, siding, and decks
Higher maintenance costs for docks, seawalls, and erosion control
Potential accessibility issues in winter months
Make sure you understand seasonal challenges and the extra upkeep that comes with a waterfront property.
8. Consider rental & investment potential
Many buyers purchase waterfront properties as vacation homes or income-generating rentals. Before buying, research:
Short-term rental demand in the area
Local Airbnb or vacation rental regulations
Expected rental income vs. costs
Some communities have restrictions on vacation rentals, so ensure you can legally rent out the property if that’s part of your plan. A well-located waterfront home can appreciate significantly over time and become a solid long-term investment.
9. Work with an experienced waterfront realtor®
Buying waterfront real estate isn’t the same as buying a traditional home. There are unique challenges and considerations that require expert guidance.
A Realtor® who specializes in waterfront properties will:
Help you navigate zoning laws & permits
Ensure you understand water rights & shoreline regulations
Identify potential risks and investment opportunities.
Waterfront properties are high-value purchases and the right Realtor® can ensure you make the best decision for your lifestyle and financial future.
Final thoughts: Is waterfront living right for you?
A waterfront home offers breathtaking views, an unbeatable lifestyle, and long-term investment potential, but only if you do your research.
By understanding these key factors, you can avoid costly surprises and make an informed purchase. Whether you’re buying a lakefront retreat, oceanfront villa, or riverside getaway, take your time, ask the right questions, and work with a trusted Realtor® to guide you.
Jessica Hastings-Lesperance, Realtor®, Director of Operations, Co-Owner
Fierce and epic all rolled into one, she’s an absolute rock star. Jessica Hastings-Lesperance was Raised with Real Estate™ for her entire life. She is co-owner, Marketing Visionary, Director of Operations, and realtor® at the Terri Hastings Real Estate Group/Keller Williams Realty Centres, one of the top producing Keller Williams teams in all of Canada. Jessica is an inspiring entrepreneur, real estate investor, coach, speaker, and published author. She has been featured on major media outlets, including podcasts and real estate TV talk shows, and has been published in various magazines. Recently, she was recognized as one of Canada’s Top Fitness Instructors for 2023 by Impact Magazine.
