Pros And Cons - Building a House On the Rivers Edge

Introduction

A house on the river's edge is a dream for many people. However, when it comes to actually buying such a house, many doubts cross their minds, and they tend to become hesitant. Are you in a similar dilemma, wondering whether it is okay to buy a house on the edge of a river? This article lists the pros and cons of owning waterfront property (specifically, a house on a river's edge) and will hopefully help you make a decision.

Aesthetics would be the first one, but that is largely subjective. Having a view of a river as the first thing you see when you wake up in the morning is something that a house on a river's edge will give you, but not many people think that seeing water is all that amazing.

Next, would be recreational activities. If you are fond of fishing, staying close to a river will be nice for you. Perhaps there are even some adventure sports that can be carried out on the river.

Unfortunately, there is a lot of bad news when it comes to buying a house on the edge of a river. For starters, the prices are bound to be very high, and the sellers will only line their pockets with your cash. Further, according to the current trend, this is a bad bad time for buying waterfront property, and it will depreciate at a rather alarming and rapid rate in the next couple of years.

The insurance cost of a house on the river's edge can be exorbitant, as living by a river is sort of risky. There will also be maintenance costs to ensure that the house is safe from the water, and these, again, can be astronomical.
Property taxes for a house on the water's edge are very high. If you are adamant on buying waterfront property, be sure to enquire about the taxes you will have to pay for it, so that it doesn't come as a surprise later.

Floods are a very real danger depending on just where you are going to live. Have a look at past records of the water level of the river and whether any other house on the river was damaged because of a natural calamity.

If you have small children, you will have to keep an eye on them if you live in a house on the edge of a river. Surely, you have to supervise them no matter where you live, so this is a manageable issue. You only have to make sure that they know how to swim and follow all safety rules you make for them.

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