Tag Archives: Article

CT Waterfront Home Value

Knowing your CT waterfront home’s worth

As a homeowner, you’re probably wondering how much your lakefront property is worth. After all, you’re still paying your monthly mortgage, and on top of that, the yearly property tax amount is quite hefty.

While you don’t have a precise amount of what your Connecticut waterfront home could be worth, you know that a water frontage home is more expensive than a non-waterfront property. The view alone can add a substantial amount to the property’s worth. As a premium property, you expect your home to have increased its value over the years you’ve owned it.

What is your home’s value?

The easiest and most direct answer to this question is “Whatever a seller is willing to pay for it”.

That may be well and good if you are selling your Connecticut lakefront property, but what if you want to know because you’re considering a home upgrade? Or if it’s a vacation home, you want to know because you want to use the home equity for a business loan?

Valuating a lakefront property is quite different from valuating a non-waterfront home. Many waterfront real estates are already considered luxury properties, so it can be daunting to price. There are also many things to consider when valuating a home so you can get the pricing right.

Setting the right price can be tricky. Price it too high and it can sit on the market for a long time. Price it too low and you leave money on the table.

To know the value of your waterfront home in Connecticut, you need the help of a local fulltime real estate professional who specializes in waterfront properties, like me, Deborah Laemmerhirt. As a long time resident of Connecticut, I am familiar with the local estate market of each county and have made it my mission to get to know everything there is about selling and buying waterfront properties.

Please visit http://CTLuxuryWaterfrontRealEstate.com/about/ to get to know me better.

Factors to consider in a home valuation

The CMA (Comparative Market Analysis) is one of the most commonly used tools in preparing a home’s valuation. It takes into account the comparables or recently sold properties in the area that are close in size and style to your home.

The sold listings have a large influence on your property’s price. It says how much buyers are willing to pay for the property.

Another consideration in preparing the CMA is the active listings. This is the list of currently available homes for sale in your area. It’s a great way to check how much your competition prices itself so you can adjust your pricing accordingly.

Waterfront Homes for Sale in Connecticut

Aside from these two, the following are few of the other considerations included in a valuation.

  1. Location. Yes, it may be a waterfront property, but how far is it from the water? Is the water easily accessible? These are some of the questions that you must look at when thinking of location.

  2. What type of waterfront is it? Connecticut has over 3,000 ponds, lakes, and reservoirs, not to mention 96 miles of coastline. What type of waterfront do you have? There is no particular price set to add to a specific waterfront, but its kind and size will have an impact on your property’s price.

  3. Waterfront visibility. While your home may indeed be a waterfront, how visible is the waterline from the property? Do you have a clear, large frontage or is the view blocked by trees and undergrowth? Generally, the clearer and larger the frontage, the higher the price.

There are many things to factor in a valuation to get the right listing price of your CT real estate waterfront property.

Are you ready to have your property assessed?

Call me, Deborah Laemmerhirt, at 203-994-4297. As one of Connecticut’s preeminent waterfront real estate professionals, let me help find out your home’s value.

 

In case you can not view this video here, please click the link below to view CT Waterfront Home Value on my YouTube channel: https://youtu.be/cChvTYiBpy4

Advertisements

CT Waterfront Real Estate

Choose Connecticut

Known as the constitution state, home to Yale University, and famous for its huge mansions and old money, Connecticut is a beautiful place with many picturesque views wherever you go, especially those found along the water.

With its 96 miles of coastline and over 30,000 lakes, ponds and reservoirs across the state, it offers various water activities for you to enjoy. You can go sailing, swimming, kayaking, paddle boarding, fishing, and more.

It’s no wonder people are flocking to this locality, seeking to own a piece of this state’s waterfront property.

Whether you are looking for a main home or a secluded lakefront vacation home, Connecticut’s waterfront real estate has something for you.

What kind of community feel are you looking for?

Connecticut has many shorelines and lakeside communities, and each of them offers unique attributes and amenities. The following neighborhoods are just some of the many you can choose from.

Are you looking for a lakeside community where you can enjoy your favorite water sports and activities, but still be in proximity to the city? Candlewood Lake is a great option for you. Many people like this lake because it’s just the right lake size to have fun, and it borders five different towns so you can visit different places at any time.

Waterfront Homes for Sale in Connecticut

Located in western Connecticut, Candlewood Lake is the largest manmade lake in the county. Along its shores are some of the most expensive real estate properties you can find in the region.

Do you prefer a luxury community? Most waterfront communities in Connecticut have several listings, but Darien has the longest list of million dollar homes. This is not a surprise considering that Darien is the nation’s wealthiest community according to Consumer Advocate. Coveted high-end properties dot the coastline of Darien, so you’ll definitely find the luxurious lifestyle you want in this community.

Perhaps you prefer a place with fewer homes so you can enjoy privacy and retreat? Lake Lillinonah community is a perfect choice. A light residential area and surrounded mostly by wooded areas, peace and serenity abound in this neighborhood.

How about owning a right to the center of the lake? If this sounds great foryou, the community of Lake Zoar is where you should be. Unlike other lakes, lakefront properties on this community own their shoreline right to the center of the lake! You can build a house on the shoreline and create a great dock and pier system so you can fish and enjoy your water sports anytime.

Another community you cannot miss is the affluent neighborhood of Westport. Located in lower Fairfield County commonly referred to as the Gold Coast, Westport offers direct waterfront properties.

Enjoy living just a few steps to the beach in one of the safest communities you can ever live.

There are many other waterfront communities to choose from. Visit my website https://HomesInConnecticutForsale.com/ to learn more.

Prices and home features

With its reputation as one of the country’s wealthiest states with plenty of old money residents, expect a Connecticut waterfront property to be quite pricey.
The price range differs in each neighborhood but you’ll find that there are many waterfront locations that offer a good price range, from the affordable to the million-dollar homes.

Built in various architectural styles, the homes reflect their owners’ elegant tastes. Sweeping water views, lush foliage, spacious homes with the best amenities and comforts, high end appliances, all these are yours in any of Connecticut’s waterfront residences.

Looking for a lake home in Connecticut? Call me, Deborah Laemmerhirt, at 203-994-4297. As a long time resident and one of Connecticut’s premier Realtors®, let me make your real estate transaction smooth, easy and hassle-free.

In case you can not view this video here, please click the link below to view CT Waterfront Real Estate on my YouTube channel: https://youtu.be/-ViyiSdW8BA