If you are a boating enthusiast, owning a home with lake rights can make it easy to enjoy the beautiful waters of Barron County. However, Northwest Wisconsin home buyers can find lake rights a bit confusing. Here are tips you should know!
“Deeded lake rights” are basically a type of easement. A property with deeded lake rights may not be located directly on the shoreline. But the deeded lake rights allow the property owners private access to the water, usually through an association which provides a private beach, or private boat slips, or both. The deeded lake rights stay with the property, and transfer to the new owner when the property is sold.
Deeded lake rights have monetary value because of their desirability and scarcity. Homes with deeded lake access often enjoy higher resale values than similar homes without them. Much depends on the exact nature of the amenities included, such as a boat slip. The depth of the lake, and its suitability to different recreational uses, is another consideration.
A boat slip may not always be available with deeded lake rights. In some instances, more homes were built than boat slips to go with them. Buyers of these properties can find themselves on a waiting list for a boat slip. This can happen in resort areas and other popular locations. It’s best to verify exactly what you are getting when a home is listed with lake rights. Six Lakes Realty has vast expertise in this area, and we are happy to help you!
Ready to buy a Barron County home? Having the professional guidance of local real estate experts is priceless! Six Lakes Realty is a locally-owned family business with over 40 years of experience in Northwest Wisconsin real estate! Call us today for friendly, hometown service!
John
Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com
