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Perks and considerations for living on a lake or near the ocean

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Ballard Fine Homes
May 31, 2023

Have you dreamed about living on a lakefront or oceanfront property? Is that dream now looking to be a real possibility? Before you dive into purchasing a waterfront home, take the time to do your research so you know what you are getting yourself into. Our article outlines some benefits and potential considerations when living next to a body of water, so that you can be one step closer to making an informed decision.

Benefits for living in a waterfront home

Do the benefits of living near water outweigh the cons? Here are some of the most common advantages that people tend to mention when thinking about buying waterfront property.

Beautiful Views

Imagine having your morning cup of coffee while looking out your window to see a beautiful sunset peaking above the ocean’s horizon, or perhaps you are on a lake and are admiring a Bald Eagle as it soars across the water. There’s no denying it – waterfront properties tend to have exceptional views. Whether it is the lake or ocean, natural wildlife, or untouched forest, the scenery can be breathtaking.

Access to water activities

Besides enjoying the view, there is a functional component to living near the water. The ability to go for a swim, boat ride, or enjoy other water activities is a huge draw. Many people enjoy the option to come home from work and be steps away from something so relaxing. Lakefront or oceanfront properties make it so much easier to go fishing, swimming, kayaking, surfing, canoeing, or water skiing. When your commute to the water is less than a minute, there really is no excuse not to indulge.


The sound of waves crashing or gentle ripples on a lake can be very calming and relaxing. Many people find that living near the water helps them to de-stress and unwind. In a world that is so hectic and busy, finding pockets of relaxation like these is becoming more and more of a valuable asset.

Easier to breathe

Living near the water can provide cleaner air due to the breeze that comes off the water. This may not sound like much at first, but consider this: would you rather be next to a lake or ocean with a breeze, or downtown in a polluted city with the same breeze? We know what one we’d rather pick.

Usually, homes near water also have a considerable amount of forested area nearby. This naturally creates a cleaner environment. When a breeze comes by, it brings along a new batch of fresh air that hasn’t been contaminated by vehicle exhaust, large groups of people coughing, or any other contaminants. It’s just easier to breathe near the water!

Investment opportunity

There’s a reason living on the lake is such a big deal – it can be expensive. Homes with views or direct access to the water often carry a higher price tag than their city suburban alternatives. However, this can work in your favour.

A lake house property or oceanfront home can be a smart investment opportunity, given the right circumstances. As a rental, it is easier to charge a higher rent given the ideal location. In addition, setting it up as a vacation rental or Airbnb can provide more passive income. Over time, the assessed value of the home may naturally increase, too.

Considerations with waterfront living

There are some unique considerations when living along the shorelines. Some are common sense, but others could be things that are easy to overlook.

Higher risk of flooding

If you’re home is next to the water, there’s a chance of flooding, especially during storms or hurricanes. This can lead to damage to the property and potential safety hazards.

Increased insurance costs

That same flooding risk can be reflective on your insurance costs. A higher risk carries a higher price tag, so monthly or annual costs for insurance may be more than what you are expecting or used to paying.

Saltwater corrosion

If you live near the ocean, your home and belongings may be subject to saltwater corrosion, which can cause damage over time. What does this mean? The natural salt in the ocean reacts with metals on your property causing rust and breakage over time. Galvanic corrosion is another term used to describe saltwater corrosion.

More wildlife interactions (and mosquitoes)

While in the city, the worst of your problems might be the occasional raccoon getting into your garbage but waterfront properties bring a new ecosystem to contend with. Bears, fish, cougars, sharks, and other animals may try to coexist in the same area as your home. While it can be enjoyable to observe these creatures from a distance, it’s important to remember that they can also pose potential dangers. Areas with pools of sitting water are often the cause for large numbers of mosquitoes, too.

Tourist traffic

You aren’t the only one that loves the water – tourists do, too. Popular waterfront areas may attract a lot of tourist traffic, which can result in congestion and noise pollution, especially during peak vacation seasons. Additional measures to add privacy to your property may be a required investment given your unique circumstances.

Dock maintenance

Do you have a dock for swimming or mooring your boat? It takes a considerable amount of time, money, and effort to maintain a wharf. Regular cleanings, applying protective coatings, and inspecting for damages are some of the extra tasks associated with owning a dock.

Looking for more information?

Are you looking for the best lakes to live on year round, or perhaps you’d like more insight on what else comes with luxurious waterfront living? As Vancouver Island home builders, Ballard Fine Homes has extensive experience in building custom homes in places near or on the water. Whether you are wanting an oceanfront home in Nanaimo or Parksville or a place closer to Comox Lake, our team can help you find that perfect place to call home. Developments like Bayview Estates place your custom home directly on the beach – it doesn’t get better than that! Contact our team to learn more about what waterfront real estate listings are currently available on Vancouver Island. If you already have a place in mind, talk to us and discover what custom features are available to turn your dream into a reality.