REAL ESTATES 2
Valuing Waterfront Real Estates versus Water-Access
Waterfront real estates refer to those properties bordering water masses such as lakes,
oceans, rivers, and e.tc. However, apart from the residents in these estates having access to
these water bodies, outsiders are also allowed for access. On the contrary, however, for
water-access real estates, one only gets access to the surrounding water bodies once he or she
purchases that property. Outsiders are not allowed (HOWELL, 2018). Most people would
prefer waterfront real estates to water-access but some would also opt for water-access
instead. Security, privacy, leisure, location and surrounding activities would be a
consideration for choosing one of the two.
Someone living in a waterfront residence gets to enjoy watching water activities. This
may include boat racing, surfing, free diving and many more. This often is fun and healthy as
one gets to relax his or her mind. On the other hand, water-access residents do not get to
enjoy all this, as it is only they that have access to the water bodies around them.
To investors of waterfront real estates, they get to enjoy higher profits from these estates.
First, they are limited in supply and secondly many desire them. These two factors are
responsible for maintaining the value of these estates for longer periods. Apart from just
selling them, some also opt to rent them hence also make profits from that (Group & Group,
2018). Those estates on city hubs often tend to deteriorate in value as many continue to be
constructed each day. Hence, their value tends to deteriorate with time.
Waterfront homes often offer privacy of a higher degree compared to water-access.
One gets to enjoy beautiful sceneries such as watching the sunrise and set each day. One is
always guaranteed that no other residence will be built on the waterside since his or her house
borders the water body unlike in water-access where a new house can be built in close
immediacy and on any side too.