With over 3,000 miles of coastline, it is almost impossible not to find the perfect property that can afford breathtaking views and easy access to the ocean in Maine. However, it is important to know that not all properties will be equal in terms of value and quality. So, you need to be careful when choosing one. Selecting the right Maine oceanfront property may be an exciting time, but there are certain things you must consider before you buy this type of real estate. These tips are considered by discerning buyers who want to be certain that they are investing their hard-earned money on property that will be valuable in the long run. Here they are in no particular order:
- Determine where exactly it is – Go to a town office to ask for
maps that show the location, size, and outline of every Maine
oceanfront property. They may not be completely accurate, as you can
find other important features on the deed descriptions, but they should
give you an idea when starting out. A listing broker can also provide a
- Schedule a visit – Personally visit the property and locate it for yourself. You may consider hiring a land surveyor to help you find the property corners and lines. Watch out for easement issues, like fences, power lines, roads, and trails. Keep in mind that not every Maine oceanfront property has been surveyed, and many of them are sold without a survey, so take the time to verify the qualities of the real estate before you buy it.
- Get to know the area and the property’s history – Find out what the land was used before it was developed. Neighbors can give insight on the possible issues on the property as well as waterfront-related issues you might encounter there. They can also let you know if they’re happy living in the area.
- Determine if the property is practical for your needs – Usability of a Maine oceanfront property can be affected by local waterfront ordinances and state shoreland zoning, town zoning, CCRs (covenants, conditions, and restrictions), and deed restrictions. Investigate access issues, too, and make sure that it will provide all the utilities you will need.