TOP TIPS FOR BUYING WATERFRONT PROPERTY IN PEI
By Alana Lauren Photo: Odyssey Virtual
local real estate agent familiar with provincial guidelines is essential to ensure your plans align with regulations. CONSIDER EROSION AND CLIMATE IMPACT Coastal erosion is a reality on PEI. Assess the property’s history and current erosion rates, and consult with professionals if necessary. Understanding long-term erosion risks can help you make a more informed investment and protect your property’s value.
are common, so ensure they are properly maintained and meet current standards.
Owning a waterfront property on Prince Edward Island is a dream for many. From stunning oceanfront homes to peaceful riverfront retreats, the Island offers an abundance of picturesque options. However, buying waterfront real estate comes with unique considerations. Here are a few top tips to help guide your purchase. UNDERSTAND THE SHORELINE REGULATIONS PEI has strict shoreline and environmental regulations to protect its delicate coastal ecosystems. Before purchasing, research setback requirements, erosion zones, and any restrictions on building, renovations, or shoreline stabilization. Working with a
INSURANCE AND MAINTENANCE COSTS
Waterfront properties can carry higher insurance premiums due to potential flood risks or storm damage. Budget accordingly for insurance, ongoing maintenance, and possible shoreline protection measures.
WORK WITH LOCAL EXPERTS
Partnering with a real estate agent, home inspector, and legal professional who understand PEI’s waterfront market will give you peace of mind throughout the buying process. With careful planning and expert guidance, your PEI waterfront property can be a beautiful, rewarding investment for years to come.
CHECK ACCESS AND UTILITIES
Some waterfront properties, particularly in rural areas, may have limited road access or seasonal roads. Confirm year-round accessibility and availability of essential services like electricity, internet, and potable water. Septic systems
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