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Running Head: REAL ESTATES 1

Real Estate

Name

Institutional Affiliation

REAL ESTATES 2

Valuing Waterfront Real Estates versus Water-Access

Real Estates

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.

REAL ESTATES 3

Waterfront properties are often faced by the risk of natural exposure to natural

disasters. For example, sea levels may rise, surges in storms may lead to shorelines being

eroded and they are prone to wind destruction. Therefore, these properties pose a great danger

to the residents inhabiting them. On contrary, water-access properties are less prone to these

disasters since they only border small water bodies such as river inlets.

For waterfront properties, they are faced with insecurity. Even though one has legal

ownership of the property, he or she does not have any legal ownership of the shorelines.

This means that anyone has access to it. This poses a great risk to one’s property as all sorts

of people visit the shore. Unlike waterfront properties, for water-access estates, only those

who own the properties get to have access to the water bodies and the resources related to

them hence making it more secure.

Waterside properties often require high maintenance. Most of the time the

surrounding is usually humid and damply. Apart from that, the air might be salty. All these

result to corrosion of metallic surfaces. Therefore from time to time the metallic parts have to

be replaced thus becoming very costly ("Waterfront Living: The Advantages and

Disadvantages", 2018). Compared to waterfront estates, it is less costly to live in water-

access estates since property requires less maintenance as it is not faced with most of these

conditions.

Thus, as much as living in waterfront real estates is riskier and costly, most people

still prefer them. To some, the leisure it offers is enough to neutralize all the shortcomings

associated with living in these areas. However, to some, they rather forego the leisure but live

a less costly and safer lifestyle.

REAL ESTATES 4

References

HOWELL, S. (2018), Water Access, Water View, Waterfront ... What's the Difference?.

Annapolis MD Luxury Homes and Waterfront Real Estate, Retrieved from

http://activerain.com/blogsview/1568921/water-access--water-view--waterfront-----

what-s-the-difference-

Waterfront Living: The Advantages and Disadvantages. (2018), VIRANI REAL ESTATE

ADVISORS, Retrieved from http://www.virani.ca/blog/2014/11/24/waterfront-living-

the-advantages-and-disadvantages/

Group, L., & Group, L. (2018), 5 Major Benefits of Living in a Waterfront Property - Realty

Times, Realtytimes.com, Retrieved 19 February 2018, from

https://realtytimes.com/advicefromtheexpert/item/46145-5-major-benefits-of-living-

in-a-waterfront-property

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