When is the Best Time to Purchase Your First Waterfront Home?

When is the Best Time to Purchase Your First Waterfront Home?

Here is a look at how you know you are ready to buy your first waterfront home.

Buying a new home is almost as exciting as moving into one. Still, adjusting to a waterfront life can be a huge change, whether or not you are interested in building a brand new house from the ground up or not. Here is a look at how you know you are ready to buy your first waterfront home.

The Right Conditions

Part of buying your first waterfront home comes to the right circumstances lining up in your favor all at the same time. This sounds enormous and almost impossible because it’s rare that anyone could possibly arrange that without luck coming into play. But if you have a steady income that makes you feel confident you will not need to uproot any time soon, then that is one of the things that you do have some control over.

Fiscal Responsibility

The second factor that determines your readiness for owning a home is fiscal responsibility. Exercise more caution when buying your first home. Saving up is ideal, even if you think you can afford it without blinking an eye. The more money you have left in your budget, the more wiggle room you will have for adding upgrades and making the most of the waterfront experience.

Buying vs. Renting

Potential homeowners are often reluctant to move out of the rental phase. This is because they might not feel ready for all of the extra responsibility that comes with owning a home and not living in a rental property. Consider your debt-to-income ratio. While figuring out this amount will require some math, as long as the ratio isn’t above 36%, you should be well on your way to getting approved.

Buying the Home

Paying a down payment is the first concrete step to homeownership – and think of how exciting that will be when the work on your new waterfront custom home finally gets going!


At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!

If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on FacebookYouTubePinterest, and Houzz!

This entry was posted on Friday, July 17th, 2020 at 4:13 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.