Thinking of Buying a Riverside Retreat? You’d Better Read This



Riverside Retreat is a unique, peaceful and relaxing spot for your next camping holiday or getaway.

 

Riverside apartments have become ever more popular in larger cities following the success of developments such as Imperial Wharf and Battersea Reach in London running along the banks of the River Thames. The demand for these kind of properties is on the increase in towns and cities all over the country. With the light and airy accommodation also with great views spanning across cities and down rivers, it is no wonder that these properties are snapped up. Many of the stunning developments also come with gyms, cafés and concierge services on site as well as parking underneath, proving that it is not just accommodation that people are choosing, but a chic, urban lifestyle.

 

Here are three things you need to know before you start looking for a home near riverside:

 

1. Investigate Insurance In Your Zone

The Wisconsin Realtors® Association notes that while floodplains are often found near rivers, lakes, and coastlines, many are low-lying areas where water naturally pools after heavy rains. Get friendly with a surveyor who will know your property’s flood zone classification. Gleich has a client who fought FEMA for years because he has a couple of square yards located in a flood zone.

 

“You live next to the creek, you expect it to flood,” says David Schein, a regional flood insurance specialist in FEMA Region 5 in Chicago. “If you’re two, three, four blocks away, you don’t expect it. But all creeks flood. All streams flood.” Employ a home inspector for a second opinion. “They can take a look to see if things are installed correctly,” says John Flor, a Realtor with Six Lakes Realty in Chetek, WI. “If it’s necessary to have drain tile, if there are any potential water problems there.”

 

2. Check On Rules And Regulations

“Different townships say you can’t build on a floodplain,” Flor says. Flor knows a developer who bought land on a lake. The city told him that as long as the new structure was above the flood plain, he could build, bring in landfill, and elevate the structure. Know your flood plain status before you start any new construction. In some places, a setback of a certain distance is required for new construction.

 

3. Be Aware Of The Risks

In most states, sellers must disclose if there are any water leakage issues of any type or cracked floors. Uneven sidewalks can be a recipe for disaster because of the possibility of causing a fall and injuries. There are many benefits of trusting your sidewalk, driveway or foundation repairs to a local company that knows and understands these challenges. So you would think you’d know if there was a problem. Sometimes disclosures can be tricky to interpret. Talk to a property casualty agent if you’re buying near a body of water — even if you’re on the fringes of the floodplain.

 

“Your agent may say you’re outside the floodplain [and] don’t need flood insurance,” says Schein, but that’s only because the bank might not require it. That alone doesn’t mean you don’t want to shell out for that protection. “People need to look at the available risk information out there and make the appropriate decision.”

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