Purchasing Luxury Waterfront Real Estate in the Okanagan

Are you considering purchasing luxury waterfront real estate in the Okanagan? A great first step is to hire real estate agents who have experience selling waterfront real estate, as it is important to have someone representing you that has your best interests in mind.

There are many important details when buying luxury waterfront property in the Okanagan. Rules and regulations are constantly changing with regards to waterfront properties, and as a client, you need to know what questions to ask. However, having a professional real estate agent on board helps you know which questions to ask and when to ask them.

Before moving to Kelowna and diving into this large investment, the following factors should be considered and carefully examined. Some of these important factors could drastically change the use of the property or even the value.  As waterfront specialists, Rob and Jason can help protect your investment and bring some clarity when buying a luxury waterfront property in Kelowna.

Things to Consider When Purchasing Luxury Waterfront Real Estate in the Okanagan waterfront:

When you are buying luxury waterfront real estate in the Okanagan, you are buying the land, but you do not own the waterfront. There are very few properties in the Okanagan where the homeowner owns the foreshore right.  This means you do not own the beach out in front of your home.

Docks

If that waterfront home has a dock, the dock must have specific permission or general permission. You must ensure it is compliant with the rules and regulations set out by the ministry. Different areas of Lake Okanagan have different requirements for dock construction.  This is based on the salmon spawning, depth of the water, protection of the foreshore and indigenous plants to name a few.  You will want to make sure your dock is a legal dock before your purchase.

Building

When buying luxury waterfront real estate in Kelowna and tearing down the current home, there are new setbacks that are now in place for new home construction on the waterfront. Years ago, structures were allowed to be closer to the water but new guidelines are in place once that old cabin or beach house is taken down.

When looking into buying a waterfront property in Kelowna, it is important to hire a real estate agent who is experienced and familiar with property regulations.

Rob and Jason of Kelowna Life Real Estate Group and Macdonald Realty Kelowna are two of the top luxury real estate agents in the Okanagan.  They have been selling waterfront property for years and their extensive knowledge gives their clients the advantage when buying a waterfront property in the Okanagan. We look forward to helping you with all of your real estate needs. Contact us today at 250.864.5445 or info@kelownalife.ca

How COVID-19 has changed the Real Estate industry in Kelowna

COVID-19 has changed the way many of us are doing  business now and in the future. The service industry, including restaurants, pubs, salons, to even law firms, accounting firms, and of course Real Estate Brokerages have all adopted a new normal. The Real Estate industry has adapted quickly to the changing environment to ensure safety for all of our clients while maximizing our clients experience within the new guidelines..

We have noticed a substantial increase in online traffic, and it is now more important than ever to ensure our clients properties are showcased effectively and are easily accessed online over many platforms for all to see. Kelowna Life Real Estate Group have been industry leaders in the market place when it comes to new technology and innovation and will continue to lead the way in these new times.

Showcasing your property during COVID-19 

Kelowna Life Real Estate Group continues to use every tool available to showcase your property to potential buyers in their search for a new home. Tools such as virtual tours, virtual showings, virtual open houses, extensive video and photography, drone and floor plans will reduce non qualified buyers in an effort to get the right people through your home.

Matterport Virtual Tour

Kelowna Life is continuing to use health questionnaires, social distancing, cleaning and prevention tools, and following the latest advice from both the Provincial and Federal governments. We will continue to implement any new needed protocols to do our part to encourage the safety of everyone. For additional information on COVID-19, click here.

So what everyone is really wanting to know now is…..How does all of this effect the value of our homes moving forward? Well the encouraging news is homes have been continuing to sell and people are remaining pretty optimistic about the future. We would be happy to meet with you in person ( from a social distance ) on the phone, or by zoom meeting to discuss what the market is doing now or what we anticipate the future holds. Please do not hesitate to contact Kelowna Life Real Estate Group here and we would be happy to answer any questions you may have. Stay safe and we look forward to seeing you soon.