If you are in the market for a waterfront home, you should know that the perfect waterfront home doesn't have to be exactly on the water. In fact, there are serious disadvantages to owning a home too close to the water. Here are some of the reasons buying a home too close to water may be dangerous:
The most obvious danger of living too close to the water is the high risk of flooding. You can wake up one day to find that your entire floor is flooded or your landscaping has been washed away into the ocean. Don't forget that most coastal places experience occasional floods that go beyond the usual water line. Therefore, don't assume that a home is safe just because the flood didn't reach it last season; you should consider the historical flood lines to confirm that the home is indeed safe.
Soil erosion and avulsion (natural tearing away of land by water) will eat away at some of your land if you are living too close to the water. The damage may not be apparent after a year or so, but it will be visible after several years. There are preventive measures such as planting of vegetation, but they rarely work perfectly.
Rising Ocean Levels
Ocean levels are rising every year; there may be disagreements as to the exact cause of this phenomenon, but there is a consensus that it is happening. This means that part of your land will be permanently under water after some years. Therefore, your waterfront property will only be safe if it was constructed a safe distance away from the water in the first place.
Frequent Damage to Utility Lines
Homes that are constructed too close to water tend to experience more damages to utility lines than homes sitting a reasonable distance from the water. Ocean tides, avulsion, erosion, flooding, and human activities are all responsible for these damages. This is not only inconvenient, but it might also deny you access or use of the utilities when the providers decide that enough is enough and drop you as their client.
Due to the risks above, insurance companies are naturally wary of covering homes constructed too close to water. In fact, waterfront properties tend to attract higher insurance rates than other properties. Even if you do manage to get coverage, your carrier may drop you after a few years if the risks become too much.
Contact a business like Keller Williams to learn more.