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Pros and Cons of Buying a Lake House

Pros and Cons of Buying a Lake House in Seattle

Lakefront living in the Seattle area is a dream come true for many. To make sure you find the ideal property for you, take the time to consider the pros and cons of this type of home. We are ready to walk with you every step of the way to find your dream lake house. 

There are several lakes around Seattle such as Lake Union, Green Lake and Lake Washington on the Eastside. 

Benefits of Owning a Lake House

1. It is a reliably wise investment

Buying lakefront property has been a good investment for decades, and will continue to be one based on the inherently limited number of them. There are only so many lake houses on any given lake, meaning owning one puts you in an advantageous position should you decide to sell.

Whether you plan to keep the lake house in the family for generations, or simply want to invest in a lakefront property for a time, buying a house on the lake is an investment you can count on.

Pros and Cons of Buying a Lake House in Seattle

2. Home will feel like a vacation

If you purchase a lake house to relocate to as your primary residence, you will benefit from living in a vacation-like environment all the time. The relaxation and quality of life it brings will be worth every bit of effort.

Many owners of lake houses find that they love entertaining and staying active even more than before because of the beautiful location. Enjoy all the benefits of vacation during your everyday life as a lake house owner.

3. Your hobbies are right outside your door

When you live on the lake, enjoying your favorite hobbies is easy. Fishing, bird watching, water sports, and swimming are all available just steps outside your backdoor.

Considerations when Owning a Lake House

We won't call them drawbacks or cons because we believe owning a lake house is an excellent choice, but there are some things to keep in mind and be both financially and mentally prepared to manage.

Pros and Cons of Buying a Lake House in Seattle

1. Lake houses require extra care

Lake houses are subjected to the elements in a way many other homes are not. This means wear-and-tear that will require additional maintenance and potential repair over the life of the home. Humidity from the water and sand, dirt, and moisture tracked in from the lake are all likely to degrade some of the building material over time.

Be prepared to pay careful attention to the condition of your roof, decking material, windows, floors, and more to keep your lake house in good condition.

2. Insurance costs may be higher than your current home

Due to the increased risk of the floor, and other potential natural disasters, homeowners insurance for a lakefront home tends to be higher than other properties. To make a well-informed decision, get a few insurance quotes for lake houses as you are looking at them to get an idea of the cost you can anticipate.

3. You may have boats of strangers in your backyard

Living in a lake house means both more privacy and potentially less privacy. How so? Well, having a lake in your backyard means never having to worry about neighbors living behind you. Your view of the lake, and it's peaceful ambiance, are guaranteed to stay, unlike a view of a field from another property. However, you may find that people end up in your backyard from time to time, not realizing they are on private property. This can be easily remedied by posting signs or limiting access to your property, but it is something to keep in mind.

To begin the search for your lake house, contact our office any time. I would love to offer more personal tips to buying a lake home in the Seattle area. 

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All listings featuring the icon Board of Realty Logo are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2023. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Keller Williams Realty Greater Seattle and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing information last updated on June 9, 2023 at 4:00 AM PST.