Buying Waterfront~Things to Know
Various considerations that relate to market value.
- Water frontage
- Water Depth
- Location & View
- Bulk-Head & Dock Condition
- Riparian Lease or Riparian Ownership
- Beach Rights Public, Private,
- Association fees, rules and regulations
- Community features and services
- Type of construction. floor plan and square footage.
Questions to ask?
- Do you plan to renovate or keep the home as it is?
- Is there a Riparian lease or grant? How much is the yearly fee?
- Is the home built on Pilings or spread footings? “Important to know when considering renovation”.
- What is the condition of bulkhead? What type of material it is constructed of?
- What is the condition of the dock? What type of material is it constructed of?
- Is there a warranty on the bulkhead? What is the actual age?
- Does the natural waters edge "Rip-Rap" require maintenance? Is it your responsibility?
- Is there a boatlift? What is the pound rating?
- Is there a boathouse? What is the condition?
- Are all permits in order?
- How much is the flood insurance? Does the seller have a recent Flood certificate? Flood Info NFIP
- What is the depth of the waterway? Are there any fixed bridges in the path of open waters? Check the water depth is it consistant year round?
- Are there docking rights? What are the fees?
Check for water depth and bridges around the homes you are considering (Navigation Maps)
Other Important Facts
- The state of New Jersey guides each municipality regarding any changes to an existing home or vacant parcel of all types of waterfront property.
- Riparian: Meaning the right to use water.
- A Riparian grant passes with the deed. You own the property beneath the water.
- A Riparian Lease is a revocable lease for use. Typically issued for seven to twenty years requiring an annual fee paid to the State of NJ
- Beach Access: Some Oceanfront ownership will extend to the high mean water line. This area however, remains subject to the Public Trust Doctrine.
For more information regarding The Coastal Area Facilities Act, DEP wetland areas, Riparian lease permits or the Public Trust Doctrine please visit www.nj.gov/dep/landuse
Purchasing Waterfront Vacant Land Visit www.njvacantland.com
