There’s something undeniably magical about owning a waterfront home. The peaceful sound of waves, stunning sunset views, and the luxury of nature at your doorstep—waterfront properties are often seen as the ultimate dream for many Canadian homebuyers.

But like any major investment, buying a home on the water comes with both rewards and risks. Whether you're considering a lakefront cottage in BC or an ocean-view home near White Rock, this article will walk you through the pros and cons of waterfront living to help you make an informed decision.

What Is a Waterfront Property?

A waterfront property refers to real estate that is directly adjacent to a body of water—such as a lake, river, or ocean. These homes typically offer direct water access, scenic views, and the opportunity for recreational activities like boating, fishing, or swimming right from your backyard.

Waterfront properties can include:

• Lakefront cabins or cottages
  

• Oceanfront estates
  

• Riverfront homes
  

• Properties with private docks or beach access

Because of their unique locations and lifestyle appeal, waterfront homes are often considered premium real estate and tend to hold significant long-term value.

The Pros of Waterfront Properties

1. Breathtaking Views & Lifestyle Appeal

One of the biggest advantages of a waterfront property is the view. Whether it's a tranquil lake, river, or oceanfront vista, the scenic beauty and sense of relaxation are unmatched. Waking up to water views adds a unique lifestyle charm that can't be replicated in urban settings.

Bonus: These views often add to resale value, as they are in high demand and limited in supply.

2. Strong Investment Potential

Waterfront homes are often considered high-value real estate, especially in locations where land is scarce and development is restricted. Over time, they tend to appreciate well, particularly in sought-after areas.

In markets like South Surrey, White Rock, or Kelowna, waterfront homes can serve as both a personal retreat and a long-term investment.

3. Access to Water-Based Activities

If you enjoy outdoor recreation, living near water opens up a world of possibilities—boating, fishing, kayaking, paddleboarding, and swimming are all right outside your door.

This lifestyle is ideal for families, retirees, or those seeking a more active and nature-connected way of living.

4. Potential for Short-Term Rental Income

With the rise of vacation rentals on platforms like Airbnb and VRBO, waterfront properties can generate impressive income during high seasons—especially in popular tourist destinations.

Tip: Make sure to check with local zoning and strata rules to confirm short-term rentals are allowed.

The Cons of Waterfront Properties

1. Higher Purchase Price & Taxes

Due to their exclusivity, waterfront homes often come at a premium. Buyers should be prepared for higher purchase prices, property taxes, and insurance premiums compared to similar-sized homes inland.

Property taxes are typically based on location and assessed value—which means your stunning view comes with a cost.

2. Maintenance & Weather Exposure

Waterfront homes require more maintenance due to humidity, salt air, and changing weather conditions. You may deal with:

• Erosion or flooding risks
  

• Wear and tear on windows, decks, and roofs
  

• Extra upkeep for docks, boats, or seawalls

Tip: Always budget for regular maintenance and professional inspections.

3. Insurance Costs & Restrictions

Owning a home near water often means higher insurance premiums, especially if the property is in a designated floodplain. In some cases, you may need separate flood or windstorm insurance, which adds to your monthly expenses.

It’s essential to:

• Understand local flood zone classifications
  

• Request a detailed insurance quote before buying

4. Seasonal Accessibility or Usage Limits

Some waterfront properties, especially in rural or recreational areas, may be seasonal homes not suited for year-round living. Roads may be inaccessible in winter, or municipal services like snow removal, garbage pickup, or internet may be limited.

Always check whether the home is winterized and connected to reliable utilities before purchasing.

5. Environmental Regulations

Buying near water means you're also subject to strict municipal and provincial regulations—from shoreline setbacks to building permits.

In BC, for instance, the Riparian Areas Protection Regulation (RAPR) governs development near streams and lakes, which can limit what you can build or renovate.

Final Thoughts: Is a Waterfront Home Right for You?

A waterfront property offers an incredible lifestyle and solid investment potential—but it’s not without its challenges. Before making a decision, carefully weigh the long-term costs, maintenance demands, and legal restrictions alongside the lifestyle and emotional benefits.

At Future Assets Group, we help buyers navigate the unique aspects of owning waterfront real estate—whether you’re looking for a vacation getaway, a retirement retreat, or a luxury lifestyle home.

📞 Considering a waterfront property in BC? Let’s talk! We’ll guide you through every step to make sure you buy smart and with confidence.

Summer is one of the most popular seasons for house hunting. The sun is shining, the gardens are in full bloom, and homes often look their best. But while properties may seem more appealing in warm weather, summer showings can sometimes hide underlying issues that are easier to spot during the colder months.

If you’re planning to buy a home in Surrey or anywhere in Canada this summer, here’s how to look beyond the sunshine and spot red flags before making an offer.

1. Check the Basement for Moisture or Mold

Summer can give a false sense of dryness. Just because the basement feels dry now doesn’t mean it stays that way year-round.

Look for:

• Water stains or discoloration on the walls or floors
  

• A musty or damp smell
  

• Rust at the bottom of metal support beams or furnace stands
  

• Dehumidifiers running constantly (a sign of ongoing moisture issues)
  

Tip: Ask the seller if the basement has had water problems during the spring thaw or rainy months.

2. Inspect the Roof—Even on a Clear Day

With no snow or rain to highlight leaks, a roof might look fine on a sunny day. That’s why you need to pay closer attention to signs of wear.

Look for:

• Missing, curling, or cracked shingles
  

• Sagging spots or uneven roof lines
  

• Moss growth or clogged gutters
  

• Stains on ceilings inside the home (a sign of previous leaks)

Tip: Ask the age of the roof and request maintenance records if available.

3. Test the HVAC System (Yes, Even the Furnace!)

Most buyers check the air conditioning in summer—but forget to test the furnace or heating system. Don’t wait until winter to find out it’s broken.

Test:

• Thermostat responsiveness
  

• Furnace startup (if the seller agrees to it during the showing)
  

• Airflow from vents throughout the home

Tip: Inquire about when the HVAC system was last serviced and if the filters and ducts have been cleaned.

4. Observe Drainage and Grading Around the Property

It’s harder to notice poor drainage in dry weather, but water pooling can cause major foundation damage in fall or spring.

Check for:

• Sloped landscaping directing water toward the house
  

• Soil erosion or patches of dead grass near the foundation
  

• Cracks in the driveway or walkways that could trap water
  

• Watermarks on the exterior foundation

Tip: Good grading should slope away from the home. Ask about flooding during rainy seasons.

5. Inspect Windows and Doors for Drafts and Seals

Hot weather won’t reveal drafts or heat loss, but that doesn’t mean you should ignore windows and doors.

Check:

• If they open, close, and lock properly
  

• For cracked or missing caulking and weather stripping
  

• For signs of fog between double-pane windows (a sign of failed seals)

Tip: New windows can improve energy efficiency and resale value. Note if any are due for replacement.

6. Ask About Seasonal Pests

Summer is also the season when pests like ants, wasps, and rodents are most active—but signs of infestation can be subtle.

Look for:

• Chewed wires, droppings, or holes in baseboards (rodents)
  

• Small mounds of dirt near foundations (ants)
  

• Nests in gutters, attics, or exterior vents (wasps or birds)

Tip: Ask if the seller has used pest control services recently and if any warranties or inspections are available.

7. Don’t Be Distracted by Curb Appeal Alone

Summer landscaping is beautiful—but don’t let flowers and green lawns distract you from structural or functional concerns.

Look beyond the cosmetics and inspect:

• Cracks in exterior walls or siding
  

• Rotting fence posts or deck boards
  

• Peeling paint or signs of wood rot on window frames or fascia boards

Tip: A well-manicured lawn doesn’t guarantee that the rest of the home is well maintained. Dig deeper.

Final Thoughts: Be a Smart Summer Homebuyer

While summer is an excellent time to buy, it’s also a season where hidden home problems can be overlooked. With a trained eye and the right questions, you can avoid costly surprises down the road.

At Future Assets Group, we guide our buyers through every step of the process—ensuring they know what to look for and when to bring in trusted inspectors for a closer look.

📞 Planning to buy a home this summer? Contact us today for expert guidance and honest insights to help you make the right move.