Home Buying in Darien>Question Details

Nashah, Home Buyer in 06820

What are the pros and cons of purchasing a property near water?

Asked by Nashah, 06820 Mon Apr 30, 2012

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3
Pros: your near/on the water. Views.
Cons: higher taxes and higher insurance. Make sure flood insurance is included, or even available.
0 votes Thank Flag Link Wed May 2, 2012
In addition to what Casey says, expect both higher purchase and higher resale values and the risk of flooding (water levels will rise with global warming, remember). Lakes can flood too.
0 votes Thank Flag Link Tue May 1, 2012
Properties near the water are very desirable in this area. Some of the private associations offer beaches and/or docking for association homes. The disadvantage is that they have higher taxes.
0 votes Thank Flag Link Tue May 1, 2012
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