BuyingVacation Homes August 2, 2023

A Guide to Buying Your Dream Lake Home: Tips and Considerations

For many, the idea of owning a lake home represents a dream come true — a serene escape from the hustle and bustle of everyday life, where one can relax, recharge, and create lasting memories with family and friends. However, buying a lake home is a significant investment that requires careful consideration and planning. Whether you’re seeking a weekend retreat or a year-round residence, here’s a comprehensive guide to help you navigate the process of purchasing your very own lakefront property.

1. Define Your Objectives: Before you start the search, determine the purpose of your lake home. Are you looking for a vacation retreat, a retirement destination, or a primary residence? Understanding your objectives will help you narrow down your options and focus on properties that best suit your needs.

2. Research Lake Locations: Lake properties vary widely depending on their location. Research different lakes and regions to find one that aligns with your preferences. Consider factors such as proximity to your current residence, climate, recreational activities available, and community amenities.  Your lake specialist at CENTURY 21 Keim can help!

3. Determine Your Budget: Establishing a budget is crucial in any real estate transaction. Keep in mind that lake homes often come with a premium price tag due to their desirable location and unique features. Factor in not only the purchase price but also ongoing costs like property taxes, insurance, maintenance, and any association fees.

4. Work with a Real Estate Agent Specializing in Lake Properties: Enlist the services of a local real estate agent with expertise in lakefront properties. A specialized agent will have a better understanding of the market, be aware of any local regulations specific to lakefront living, and help you find suitable options that align with your preferences and budget.  You can call the lake experts at CENTURY 21 Keim.

5. Assess Property Features: When considering lake homes, focus on the property features that matter most to you. Some essential factors include the size of the lot, proximity to the water, waterfront footage, views, privacy, and the availability of amenities like docks, boathouses, or private beaches.

6. Conduct a Thorough Inspection: Before finalizing the purchase, conduct a thorough inspection of the property to identify any potential issues. Lake homes are exposed to specific weather conditions and unique maintenance challenges. Inspect the condition of the house, the foundation, the plumbing, and any waterfront structures.

7. Understand Waterfront Regulations: Each lake may have specific regulations regarding waterfront property usage, construction, and environmental conservation. Familiarize yourself with these regulations to ensure that any plans you have for the property comply with local laws and ordinances.

8. Consider Future Development: Take into account potential future developments around the lake that may impact your property’s value and lifestyle. While some buyers prefer a secluded and natural setting, others may appreciate the presence of nearby amenities and infrastructure.

9. Financing Options: Explore your financing options early in the process. Lakefront properties may require a larger down payment, and interest rates could differ from traditional home loans. Consult with lenders familiar with the lake home market to find the best mortgage solution for your situation.

10. Get to Know the Community: Living in a lakefront community involves being part of a unique neighborhood. Take the time to interact with locals and attend community events to get a sense of the atmosphere and the people you’ll be sharing your time with.

11. Plan for Maintenance and Seasonal Changes: Owning a lake home means adapting to seasonal changes and specific maintenance requirements. Be prepared for activities like winterization, dock maintenance, and regular water quality assessments.

12. Negotiate Smartly: When you find the lake home that ticks all the right boxes, negotiate the best possible price. Work with your real estate agent to craft a strong offer based on market research and comparable sales in the area.

Conclusion: Buying a lake home is a unique and exciting experience that can provide a lifetime of joy and relaxation. By defining your objectives, conducting thorough research, working with knowledgeable professionals, and carefully considering property features, regulations, and maintenance requirements, you can turn your dream of owning a lakefront property into a blissful reality. Remember to take your time, make well-informed decisions, and enjoy the journey of finding your perfect lake home. Happy house hunting!

When you’re ready to start your search, check out this link for waterfront properties in the Poconos or this link for Lake Wallenpaupack and Lake Ariel properties.  And call our expert team at 570-476-1851 or email us at