Are you considering purchasing luxury waterfront real estate in the Okanagan? A great first step is to hire real estate agents who have experience selling waterfront real estate, as it is important to have someone representing you that has your best interests in mind.
There are many important details when buying luxury waterfront property in the Okanagan. Rules and regulations are constantly changing with regards to waterfront properties, and as a client, you need to know what questions to ask. However, having a professional real estate agent on board helps you know which questions to ask and when to ask them.
Before moving to Kelowna and diving into this large investment, the following factors should be considered and carefully examined. Some of these important factors could drastically change the use of the property or even the value. As waterfront specialists, Rob and Jason can help protect your investment and bring some clarity when buying a luxury waterfront property in Kelowna.
Things to Consider When Purchasing Luxury Waterfront Real Estate in the Okanagan waterfront:
When you are buying luxury waterfront real estate in the Okanagan, you are buying the land, but you do not own the waterfront. There are very few properties in the Okanagan where the homeowner owns the foreshore right. This means you do not own the beach out in front of your home.
If that waterfront home has a dock, the dock must have specific permission or general permission. You must ensure it is compliant with the rules and regulations set out by the ministry. Different areas of Lake Okanagan have different requirements for dock construction. This is based on the salmon spawning, depth of the water, protection of the foreshore and indigenous plants to name a few. You will want to make sure your dock is a legal dock before your purchase.
When buying luxury waterfront real estate in Kelowna and tearing down the current home, there are new setbacks that are now in place for new home construction on the waterfront. Years ago, structures were allowed to be closer to the water but new guidelines are in place once that old cabin or beach house is taken down.
When looking into buying a waterfront property in Kelowna, it is important to hire a real estate agent who is experienced and familiar with property regulations. They’ll be able to help make sure you’re satisfied with everything from the roof to the foundation, and everything in between.
Rob and Jason of Kelowna Life Real Estate Group and Macdonald Realty Kelowna are two of the top luxury real estate agents in the Okanagan. They have been selling waterfront property for years and their extensive knowledge gives their clients the advantage when buying a waterfront property in the Okanagan. We look forward to helping you with all of your real estate needs. Contact us today at 250.864.5445 or [email protected]