10 Questions To Ask When Buying A Waterfront Morris Or Sussex County Home

7a001d632c6d41839f4e_5_Balsam_Parkway.jpg
Before you buy that amazing Lake Mohawk home, answer these 10 questions!
7a001d632c6d41839f4e_5_Balsam_Parkway.jpg

Do you drool over Lake Mohawk homes? Find yourself dreaming of a home on Lake Hopatcong? Turn green with envy over Green Pond houses? What are you waiting for? Start your search for a waterfront home now! But before signing on the dotted line, gain answers to these 10 questions:

1. Can you procure an adequate loan?

Before you fall in love with the perfect Morris or Sussex County waterfront home, know your budget. Waterfront homes come with higher price tags than similar homes in regular neighborhoods, therefore they require bigger loans. Determine how much you qualify to borrow before starting your search in earnest.

Sign Up for E-News

2. Will you be satisfied with BOTH the home and the property it occupies?

Waterfront home purchases are comprised of two parts: the home and the property. One or the other may be severely lacking, but in your purchase excitement, you might find yourself ignoring or justifying the issues. Yes, that beautiful view of the sunset over the lake means a lot, but is it worth living in a run-down home requiring expensive renovations? Alternately, a fabulous home may steal your heart, but if the property leads down to a muddy, rocky beach, will you really reap the benefits of life on the water?

3. What exactly are you buying?

The term waterfront means different things to different people. When you view a Morris or Sussex County property, verify that it actually extends to the water. You also need to clarify who may use your property along the water’s edge, and what roads, docks and other areas can be used by people other than you. Your vision of owning your own private beach may not be that home’s reality. Look at a survey of the land, a plat map, and talk to Team Nest Builder to determine what you’re actually buying.

4. What does the homeowner’s association expect of you?

Many waterfront properties in Morris and Sussex County belong to a homeowner’s association, and it’s important you understand what that association requires of you. Some homeowner associations’ rules and regulations greatly impact members’ daily lives. The last thing you want is to be stuck in a place that rubs you the wrong way.

5. How do the neighbors like living there?

Reach out to property owners that sit nearby the Morris or Sussex County property you’re considering purchasing. Your potential neighbors may share a lot of valuable insights regarding life on their waterfront. They may provide valuable information about what it’s like to work with the homeowner’s association, as well as how the community uses the area. For example, you may not enjoy living next to a bunch of teenagers loudly buzzing around on their jet skis while you attempt to enjoy a lazy afternoon in your canoe.

6. What is the lake like?

Not all lakes are created equal. You need to confirm you’ll gain enjoyment from your specific lake. Like to fish? Determine if the fishing’s good! Like to swim? Make sure it’s great for swimming. How deep is the lake? Is there an unpleasant odor that comes off of the lake? What about mosquitoes? Have you seen the lake during the summer? A lake in winter becomes a whole different animal in the heat of the summer.  

7. Is the home built to withstand the environment?

In many areas, homes were built by people who purchased land and needed a place to live, not people who followed modern building codes or had access to flood or weather predictions. Can that Morris or Sussex County home stand up to a hurricane? What about flooding? Can it handle the wind that comes off the water? Team Nest Builder recommends tried-and-true home inspectors to clients to determine if issues exist. Moist environments, particularly those around salt water, can lead to deterioration in building materials in ways you might not be aware of. Our inspectors can tell you if the home is built and maintained to last in its environment.

8. What does maintenance cost?

Expect to pay extra for ongoing maintenance due to waterfront conditions. Ask what the yearly maintenance costs are, and consider those costs in your purchase. Things like pipes, attachments, roofs and siding may require more frequent upgrades.

9. What does it cost to insure the home?

Do any unusual insurance expenses exist? Because waterfront homes are often at increased risk of being damaged by natural disasters, such as hurricanes or floods, they’re also typically more expensive to insure. Include these increased insurance costs in your overall calculations for the cost of ownership.

10. Does the property work for your lifestyle needs?

Of all the questions to ask when buying a waterfront home, this one may be the most important for your long term happiness. In the excitement that comes from buying a Morris or Sussex County waterfront property, it’s easy to lose sight of why you want to live on the water in the first place. For instance, a home on the beach may be a long distance from any docks where you can store and use your boat. If you love going out on the boat, but it takes over half an hour to get to it, will you be likely to use it regularly? You may be able to find a home that’s not on the water, but that’s close to the docks, and provides better access to the thing you love to do most.

Watertight Answers

Once you’ve answered these questions, you’re well on your way to life on a Morris or Sussex County waterfront! Interested in buying a waterfront property? Contact Team Nest Builder! We possess incredible experience in waterfront real estate, and can expertly guide you to your new dream home on the lake.

Additional Sources: Bill Gassett, maxrealestateexposure.com

Team Nest Builder is a full-service home finding and home selling team servicing the northern New Jersey Skylands Region. Our state licensed sales associates have well over 50 years combined experience and millions of dollars in closed business to draw on when servicing your personal needs.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Sparta

Sparta Police: Wanted Sparta Man Stopped for Speeding

June 18, 2018

SPARTA, NJ — A Sparta resident was picked up on an active warrant after getting stopped for speeding on Route 181. On June 16 around 1:35 a.m. Cpl. Marc Rubino stopped John Clark, 51 in his black Ford pickup driving 60 in a 45 MPH zone, police report.

Clark was not able to show the officer his license but gave his personal information. Rubino found Clark’s license had expired and ...

Sparta Police: Wanted Man Picked Up in Speeding Stop, Gets Drug Charges

SPARTA, NJ — A Newark man was picked up when the car in which he was riding was stopped for speeding. On June 8 around 11:50 a.m. Sparta Police Officer Thomas Herd pulled over Tashiana Martin, 27, of West Orange for speeding, police report.

When Herd spoke with Martin he smelled marijuana in the car. Herd also saw that passenger Ibenabdul Harden, 28, was not wearing a seat belt. When the ...

Sparta Police: Speeding Sparta Man Stops with Drug Charges

SPARTA, NJ — A Sparta man is facing drug charges after being stopped for speeding on West Mountain Road. Police Officers Thomas Snyder and Jonathan Poon stopped Matthew Freeman in his black Toyota Corolla for going 47 MPH in a 30 MPH zone, police said.

When the officers spoke with the Freeman he smelled marijuana in the car. When the officers searched the car they found marijuana, drug ...

The Power of Positive Engagement

June 17, 2018

To the Editor:

I wanted to share this letter from Laurie Beacham, Media Director for NJ 11th for Change, about the notable increase in voter turnout and citizens deciding to run in the recent primary election:

"The 11th Congressional District has a lot to be proud of. In the June 5th primaries, voter turnout climbed from almost 33,000 in 2014 to over 86,000. Democratic ...

Again, Oroho, Space and Wirths Get It Wrong

On Wednesday, June 13th, a series of gun violence prevention bills were signed into law by Governor Murphy. These bills will strengthen our already strong gun laws in New Jersey and none of these new laws infringe on anyone’s right to keep and bear arms.   

Unfortunately, Senator Oroho and Assemblymen, Space and Wirths our Legislative District 24 representatives voted NO to a ...

Upcoming Events

Thu, June 21, 2:00 PM

Van Kirk Homestead Museum, Sparta

Summer Afternoon Garden Soiree

Home & Garden

Carousel_image_6f4ecc7e007a7b295623_farmers_market

Sat, June 23, 9:00 AM

Sparta Health and Wellness parking lot, Sparta

Sparta Farmers Market

Sat, June 23, 10:00 AM

CASA of Morris and Sussex Counties, Morristown

CASA Information Session

Sun, June 24, 1:00 PM

Van Kirk Homestead Museum, Sparta

Life Along the Wallkil River

Education

Carousel_image_a567a59640ee87a05151_boe_sign__2_

Mon, June 25, 5:30 PM

Mohawk Avenue School, Sparta

Sparta Board of Education Meeting UPDATED

Education

Carousel_image_6f4ecc7e007a7b295623_farmers_market

Sat, June 30, 9:00 AM

Sparta Health and Wellness parking lot, Sparta

Sparta Farmers Market

Carousel_image_6f4ecc7e007a7b295623_farmers_market

Sat, July 7, 9:00 AM

Sparta Health and Wellness parking lot, Sparta

Sparta Farmers Market

Carousel_image_ace2e0a21a0268782288_sparta_historical_society

Sun, July 8, 1:00 PM

Van Kirk Homestead Museum, Sparta

Sussex County Views: The Art of Toni Chaplin

Home & Garden

Carousel_image_dc175377b12fc03a60a8_toni4

Sun, July 8, 1:00 PM

Van Kirk Homestead Museum, Sparta

Sussex County Views: The Art of Toni Chaplin

Arts & Entertainment

Carousel_image_6f4ecc7e007a7b295623_farmers_market

Sat, July 14, 9:00 AM

Sparta Health and Wellness parking lot, Sparta

Sparta Farmers Market

Sussex Stags Football Team to Hold Fourth Annual Golf Outing

June 16, 2018

NEWTON, NJ—The Sussex County Stags will be holding their fourth annual gold outing on Saturday June 23.

Arrival time is 11:30 a.m. at the Minebrook Golf Club located at 500 Schooleys Mountain Road in Hackettstown. Golfing will begin at 1 p.m. and tickets can be purchased online at www.sussexstags.com.

Tickets are $125 per person and include the following: golfing, the cart, an all you ...

Update: Police Break Up Fight Involving 40-50 People at Bridgewater Commons Mall

June 15, 2018

BRIDGEWATER, NJ — No injuries have been reported in an incident that shut down Bridgewater Commons Mall Thursday evening after a fight involving a crowd of 40-50 people.

Police are still investigating unconfirmed reports of shots being fired, according to the Somerset County Prosecutor's Office.

The mall is closed for the evening as the investigation continues.

Somerset County ...

Why Buying a Home is Better Than Renting

People often ask if now is a good time to buy a home in New Jersey, but nobody ever asks whether or not it’s a good time to rent. Regardless, Team Nest Builder wants to make certain that everyone understands that now is NOT a good time to rent.

The Census Bureau recently released their 2018 first quarter median rent numbers. This graph from their report shows rent increases from 1988 ...

5 Fab Father's Day Happenings in Sussex & Morris Counties

Father’s Day hits this Sunday--what do YOU have planned? Team Nest Builder offers a slew of Father’s Day fun in Morris and Sussex County. Read on and surprise Dad with cool activities! (Be sure to check if registration is required prior to showing up!)

Alstede Farms' Father's Day Brunch – Chester

From 9am-noon, take a scenic hayride to a brunch buffet that offers ...

Don't Miss Sunday's OPEN HOUSE for 4BR Sparta Mountain Beauty

Perched handsomely on an acre in the beautiful SpartaMountain community, 28 Waters Edgeoffers a 4BR 2.5 Bathroom home with space and style. Come see for yourself this Sunday, June 17th, from 1-3pm at our OPEN HOUSE!

Located in the prestigious Sparta Mountain Reserve, this large, beautiful center hall colonial with open floor plan has a nice, level play yard with direct ...

Days on The Housing Market Drops to New Low

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes remained on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, opined,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this ...

Visit TRIPLE Open Houses This Sunday

Got plans for this weekend? You do now! Team Nest Builder offers 3 fantastic OPEN HOUSES this Sunday from 1pm-3pm:  2 in Sparta and 1 in Morristown.  Read on and plan your visits!

15 Edison Terrace, Sparta

Nestled in the lovely woods of Sparta Mountain, 15 Edison Terrace offers a beautiful dwelling for nature lovers!  This 3BR 2.5 Bath home with ...

Pass It Along Triathlon

Tri-something new this July and sign up for the Pass It Along Triathlon!

The 9th annual Pass It Along Triathlon will take place on Saturday, July 28, 2018, at the Lake Mohawk Country Club. This triathlon features two USAT-certified courses - Olympic and Sprint. This triathlon has become a Sparta tradition and everyone is welcome to attend to cheer on athletes and be a part of the ...

Welcome to the Pass It Along Column!

This is the first in a weekly series of columns which will focus on news, events, announcements, and opportunities from Pass It Along. Please check back next week to see what’s happening!

Welcome to Pass It Along's TAPinto column! We are so excited to partner with TAPinto Sparta to share news, highlights and opportunities with you to get involved with Pass It Along!

What is ...

AtlantiCast

AtlantiCast: Episode 16

Summer is in the air, and the latest episode of AtlantiCast is ready to help you enjoy some fun outdoors while staying safe! This week’s episode opens with tips for sunscreen usage from Atlantic Health System’s Chief Medical and Academic Officer, Dr. Jan Schwarz-Miller. You’ll also learn about how Atlantic Health System is advancing the future of health care through ...

June 13 Sussex County Board of Chosen Freeholders meeting

NEWTON, NJ - The June 13 Sussex County Board of Chosen Freeholders meeting video.

 

Sparta Youth Football Registration for Fall Flag

June 18, 2018

Sparta Spartan Youth Football is currently accepting registration for co-ed Flag Football grades Kindergarten through 12.  

They are offering 5 v 5 co-ed flag football Kindergarten through eighth grade- fun and competitive

Also featuring for high school a recreation edition for grades 9 through 12; make your own team with a customizable schedule.  All games start in ...