Five Things to Know About Your Property on the Water

Waterfront property has an elitist ring to it and it should. While far more people dream of owning a home on the water, there are a limited number of spaces available, in part because there is a finite number of bodies of water. In Central Oregon, there are a surprising number of waterfront properties for sale in the land of high desert living. So I thought I would give you a few pointers about a home on the water, or more specifically, a property on the water.

Why do I not refer to this a search for a home on the water but instead as waterfront property? For several reason, one of which is the way you are describing the goal. It is not a home on the water, it is a waterfront property, with the water, not the structure playing the central role.

A Screaming Deal

There is no such thing as a screaming deal when it comes to a waterfront property. The fact that the property abuts a body of water makes it desirable. If you have found a property that is priced below what the market is offering, asking ‘what’s wrong with it?’ is a great place to start. Advice: Contact us to get the particulars that may not have made it into the listing.

Focus on the Property

You need to have a clear path to the water, the view has to be sublime and the water needs to be something you can live with. Rivers and streams can flood and may be impacted by upstream residents or businesses. Lakes, ponds and reservoirs have their own personalities as well. While they may look good from a distance, time can alter that snapshot. It is the property and not the structure that should be the focus. If you happen to get both and are happy, you are farther ahead than most. Advice: Talk to the neighbors.

Inventory Your Needs

Most people want waterfront living because the engage in water related activities. If you do not believe the property fits every one of your needs, you need to look elsewhere. When the water is the star, you will not ‘learn to live with’ any inconveniences. You don’t want to find a boat ramp or a good place to swim when the same body of water is a stone’s throw from your front door. Advice: Consider your passions and lifestyle and do not compromise.

Financial Hurdles

While you may be in love with the property and have the ability to borrow the money, the lender might see this as riskier than a home located in a land-based community. Many of these properties fall comfortably in the jumbo mortgage category and obtaining a mortgage may be a bit more complicated that you might assume. Insurance can be another financial hurdle. You may have to get a flood insurance policy, a general hazard policy and, in some locations, a wind policy as well. The downside of these policies will become evident when you begin shopping for them: Few insurers cover everything under one policy. Advice: Start early.

Additional Considerations

Some waterfront properties are part of a home owners association or HOA. Improvements will have to be approved by this group and if you plan on doing waterfront renovations, such as a dock, boat lift or even a seawall, you might want to discuss this in advance. Further, many of these types of improvements are governed by local or county rules even when there is not an HOA involved. Advice: Talk to the neighbors –or you could speak with a representative from Jones Group @ Sunriver Realty. We are the source of the source – can guide you to the right resources.

How can we assist you today?


On behalf of The Jones Group @ Sunriver Realty

Nola Horton-Jones, Principal Broker/Realtor | ABR, C-RIS, e-PRO, GREEN, RSPS, CCIM Candidate

Bryce Jones, Broker/Realtor | ABR, CRS, e-PRO, GREEN, GRI, RSPS, SFR

The Jones Group @ Sunriver Realty | 57057 Beaver Drive | Sunriver, OR 97707

Mobile: 541-420- 3725 | Mobile: 541-420- 4018 | Fax: 541-593- 5123



Licensed in Oregon