Navigating Deeded Water Access: What home buyers need to know?
When searching for a home, you might come across the term deeded water access. This phrase holds a world of significance for properties near lakes, rivers, or oceans. Understanding what deeded water access entails is crucial for making an informed real state decision. In this blog, we’ll explore the ins and outs of deeded water access and what it means for prospective homebuyers.
Defining Deeded water access: At its core, deeded water access refers to the legal right granted to a property owner to access and use a nearby body of water, such as a lake or river. This is documented through a deed, which is a legal instrument that outlines the property’s ownership and rights.
The Benefits of Deeded Water Access:
1) Enjoy Waterfront Living: Even if your property doesn’t directly touch the water, deeded water access allows you to enjoy the perks of waterfront living. You could still swim, boat, fish, or simply relax by the water.
2) Scenic Views and Recreation: Deeded water access often provides a gateway to breathtaking views and a variety of recreational activities. It’s like having a piece of the waterfront paradise without the full waterfront price tag.
3) Property Value: Properties with deeded water access can hold higher value compared to similar properties without such access. The desirability of waterfront activities and views can make your property more attractive to potential buyers in the future.
1) Rights and Restrictions: The terms of deeded water access can vary. Some grants might provide unrestricted access, while others might specify certain conditions, such as permissible activities or usage times.
2) Maintenance and Responsibilities: Understand whether there are shared responsibilities for maintaining any common areas associated with the water access. This might involve upkeep of docks, pathways, or communal spaces.
3) Access Location: Determine the location of the access point in relation to your property. Is it a short walk, or do you need to cross other properties to reach the water? Accessibility can impact your convenience and privacy.
4) Easements: Deeded water access typically involves easements which grant the right to
cross another person’s property to access the water. Be clear about the easement
boundaries and how they affect your use of the access.
When dealing with deeded water access its wise to work with a real estate professional who is experienced in waterfront properties. They can help you navigate the nuances of the arrangement, clarify any questions you may have, and ensure that your interests are protected.