Are you considering purchasing a Vermont lakefront property? If so, it is essential to partner with a Realtor who is a waterfront real estate specialist and can help you navigate the many nuances of owning a property on the water. Buying lakefront real estate can be an exciting and rewarding investment, but it also requires careful consideration due to its unique characteristics. Here are some tips to help you make an informed decision when buying a lakefront property:

1. Research the location

Investigate the lake and its surroundings. Consider factors like water quality, recreational activities available, proximity to amenities, and accessibility to the water. A lakefront property with stunning views, a primo beach, and nearby attractions will likely be more desirable to other home buyers and could have a higher resale value.

2. Decide how you intend to use the waterfront 

When you begin your search, decide how you plan to use the lakefront. Do you have a boat and would like a dock, mooring, or boat launch? Are you an avid swimmer so water quality is important to you? Or are you just searching for the perfect water view? Deciding on your non-negotiables will help you narrow down what properties to look at. 

3. Lake access, direct lakefront, and bisected lakefront

There are different types of lake access you can find in The Lake Champlain Islands: deeded lake access, directly adjoining, or bisected lakefront. Lake access is shared among neighbors and the properties can be more affordable. Direct lakefront is directly adjoining the property. A bisected lakefront is when a road runs through the property. In The Islands, many properties are bisected by the road and this comes with pros and cons and is something to consider while deciding what your ideal property would be.

4. Understand the property boundaries 

Ensure you know the exact boundaries of the property, including its waterfront limits. Verify any restrictions or rules concerning the use of the lakefront, docks, boats, and other amenities.

5. Review the Vermont Shoreland Protection Act

In 2014, the Vermont Legislature passed the Shoreland Protection Act which regulates shoreland development. If you plan to make modifications or build on a waterfront property, investigate the permitting process and potential restrictions. This is crucial to ensure legal compliance, and development feasibility to protect your investment's value and future enjoyment. It provides peace of mind by confirming that the property meets all regulations and environmental requirements to protect lake waters. 

6. Check flood zones and insurance 

Your Realtor can help you determine if the property is in a flood-prone area. Insurance costs can be significantly higher for waterfront properties, so consider these additional expenses in your budget. If the property is in a flood zone, take this into consideration and how it might affect your investment in the long term.

7. Investigate for any property damage

When looking at lakefront homes, ask your Realtor if there has been any flooding, erosion, or water damage to the property. When visiting a property, look for any signs of damage. If you decide to make an offer, a professional property inspection is highly encouraged to look into these matters further. 

8. Know the rules and regulations

Familiarize yourself with any zoning regulations, local ordinances, and/or homeowner association (HOA) rules that may affect the property. Some homes that have deeded or shared lake access, may have restrictions on noise, boat usage, or property modifications. 

9. Budget for ongoing costs

Lakefront properties often come with higher maintenance and insurance costs. Be prepared for additional expenses related to seasonal home maintenance such as watercraft maintenance, dock upkeep, and erosion prevention.

10. Hire a specialized waterfront real estate agent 

Working with an experienced local real estate agent who specializes in lakefront properties can be invaluable. They can guide you through the process, provide insights into the area, and help you find suitable properties based on your preferences.

 

Remember to take your time and carefully assess your needs and priorities when looking at a waterfront property. Purchasing lakefront real estate can be a fantastic investment, providing years of enjoyment and potential appreciation if you make well-informed decisions. Ready to start your lakefront home search? Our Realtors are waterfront specialists who have been helping people buy and sell Lake Champlain lakefront properties since 1996. The majority of our agents also are certified in Natural Shoreland Erosion Control Practices, allowing them to provide expert advice on improving your lakefront property while protecting Lake Champlain through best practices and referrals to certified professionals.

Get in touch with us today to start your lakefront home-buying journey. 

On July 11th and 12th, Vermont experienced the worst flooding the state has ever seen. Many homes, businesses and communities were affected by this historic event. According to VT Digger, preliminary information collected by the State Emergency Operations Center reports the damage of approximately 4,087 homes and 839 businesses. The road to recovery is underway, with many volunteers helping fellow Vermonters. Our state is small but mighty and we show up when neighbors are in need. If you or someone you know has been affected by flooding, we have gathered some resources below to help you. 

 

Vermont Association of Realtors Disaster Relief Fund

In response to the devastation caused to Vermonters across our state, the Vermont Association of Realtors® has partnered with the Realtors® Relief Foundation to distribute relief funds from the Foundation to victims of these historic floods. VAR has also established a Disaster Relief Fund to provide additional financial support to Vermonters impacted by recent flooding. If you are interested in applying for funding, please complete the funding request form. 

 

Flood Resources

Vermont has developed a flood resources page dedicated to helping Vermonters as they recover from this disaster. This page includes how to report damage, clean up, financial aid, and much more. Visit the page here.

 

Filing Your Claim

• Website: How to start filing your claim

• Fact Sheet: How to file a flood insurance claim

• Fact Sheet: Start your recovery: FEMA’s flood insurance claims process

• Fact Sheet: Wind versus floodwater damage: What you need to know when filing a claim

• Graphic: Who’s knocking at your door

• Graphic: Basement flooding: What’s covered?

Recovering from a Flood

• Website: How to document damage and start clean-up

• Handbook: Federal disaster assistance: Meeting the flood insurance requirement

• NFIP Claims Handbook

• Questions and Answers about the NFIP for real estate professionals

• Factsheet: Salvaging water-damaged family valuables and heirlooms

• Website: Reducing future flood damage

More FEMA Information For Vermonters.

 

When it comes to understanding the Grand Isle County residential real estate market, there are several key metrics that can provide valuable insights for both buyers and sellers. Today, we will explore the correlation between these metrics to help you make informed decisions while buying or selling a home in Vermont. Metrics compare single-family home sales in June 2023 compared to May 2023.

First, let's examine the "1-Month Change in Active Inventory," which has seen an increase of +20.7% to 35 Active Listings. This percentage indicates the change in the supply of homes over the past month. A higher percentage suggests that more homes are available for sale, which could indicate a shift towards a buyer's market with more inventory options to choose from.

Next, we have the "Median Days Homes are On the Market," which currently sits at just 10 days. This metric represents how long it takes for a home to go from being listed to being sold. A low number like this indicates a fast-paced market, with homes being snatched up quickly. This can be advantageous for sellers looking for a quick sale but may require buyers to act swiftly.

Moving on, we have the list to sold price percentage, which currently sits at 102.3%. This metric shows the percentage of the listing price that a property actually sells for. A percentage over 100 indicates that homes are selling for more than their asking price, indicating a competitive market. Sellers can take advantage of this by pricing their homes strategically to maximize their profits.

Lastly, let's consider the "Median Sales Price," which is currently $417,500. This metric represents the middle value of all the prices at which homes have recently sold. It provides an understanding of the general price range in the market. For sellers, this figure can help set realistic expectations for their asking price, while buyers can gauge the affordability of properties.

Now, let's tie these metrics together. The increase in the "1-Month Change in Active Inventory" suggests a rise in available homes, potentially favoring buyers. The quick "Median Days Homes are On the Market" of just 10 days emphasizes the high demand for properties. 

Considering these metrics for residential properties in Grand Isle County, it's clear that the current real estate market is dynamic and competitive, with a high demand for homes and limited supply. Buyers should be prepared to act quickly and make competitive offers, while sellers may find favorable conditions to achieve higher sale prices. 

If you have any questions about the current real estate market or would like a personalized market analysis please contact us or call (802) 372-5777 and a Realtor will be in touch with you.

 

Visiting wineries in the Lake Champlain Islands of Vermont promises a delightful and unique experience. The wineries offer a chance to explore the region's scenic beauty while indulging in exquisite wines crafted with local expertise. From picturesque vineyards overlooking the lake to charming tasting rooms, these wineries provide a perfect blend of natural splendor, warm hospitality, and the opportunity to sample exceptional wines made from locally grown grapes.

Snow Farm Vineyard 

Experience Snow Farm Vineyard, located on the picturesque shores of Lake Champlain in South Hero, Vermont. Indulge in exquisite wines, enjoy a delightful picnic amidst the vineyard, and wander the historic farm. Immerse yourself in a truly unique vineyard and winery experience, surrounded by expansive landscapes that capture the essence of the Islands. Don't miss their lively outdoor concert series, every Thursday evening throughout the summer months.  Learn More

Ellison Estate Vineyard

Ellison Estate Vineyard is a regenerative farm with a tasting room on the beautiful East Shore of Grand Isle, Vermont, which is open from 12-5 pm on Fridays and Saturdays. Their tasting room is a vibrant gathering place that aims to craft captivating, native Vermont wines while nurturing a strong sense of community. Their grapes are grown in Grand Isle, Vermont, then processed at their winery basement in Stowe, Vermont. Learn More

Isle La Motte Vineyard

Discover a charming vineyard Isle La Motte, Vermont, spanning nearly two acres. The vineyard is located on Shrine Road, and their daily schedule runs Thursday through Sunday, 1 pm - 6:00 p.m. and includes Monday and holidays. They specialize in Marquette grapes for rich red wines and LaCrescent for exquisite whites and also incorporate additional varieties like Frontenac, Frontenac Blanc, and Louise Swenson for added depth. Learn More

 

Whether you're a wine enthusiast or simply seeking a memorable getaway, a visit to the wineries in the Lake Champlain Islands is sure to leave you with a lasting appreciation for Vermont's wine culture and stunning surroundings.

Looking for more things to do in Vermont’s Lake Champlain Islands? Check out six things to do this summer.

 

Make the most of Summer 2023 by exploring all that the Lake Champlain Islands of Vermont have to offer. We've created a guide for the top must-try activities and events happening in each Champlain Island town to add to your summer bucket list. 

 

1. SUP & Lunch On The Lake | North Hero, VT.

North Hero Marina is offering stand-up paddle board rentals this summer. Enjoy a scenic paddle around Pelots and Carry Bay, and then enjoy lunch or dinner at Drifters, located right at the marina with views of the lake and marina. Learn more here. 

2. Biking & Music In The Park | Isle La Motte, VT.

On July 14th, The Nobby Reed Project will perform at the Isle La Motte Recreational Park. The show is free, and meals are available for purchase. Make a day of this event! Spend the day biking or exploring the scenic town and landmarks like St Anne Shrine, the town beach, The Quarry, Goodsell Ridge, and Isle La Motte Vineyard. Learn more about Music In The Park. 

         

3. Brew Hop & Golf | South Hero & Alburgh, VT.

Visit the Champlain Islands' local breweries, Two Heroes and Kraemer & Kin. Start your day in South Hero at the Two Heroes tasting room at 1 Ferry Road, then take a scenic drive up to the Alburgh Golf Links, where you can play a round of golf and then enjoy a meal and cold beer at Kraemer & Kin. Visit Kraemer & Kin and Two Heroes for more information.

4. MAGIC! With Tom Joyce | South Hero, VT.

Kids Event! On Thursday, July 13th, Tom Joyce will return to perform one of his amazing magic shows! New books and new tricks, all in one exciting event. Ages 4 and up. Learn more here.

5. Staycation at Grand Isle State Park | Grand Isle, VT. 

Grand Isle State Park is Vermont's most visited state park; it has great camping and even nature trails. The extensive shoreline is set up nicely for both fishing and swimming. Make sure to reserve your campsite before you plan your getaway.

6. Beach Day At The Alburgh Dunes | Alburgh, VT.

Soak up summer at one of the longest beaches on Lake Champlain. The Alburgh Dunes is a natural sand beach in south Alburgh that offers day use access to one of the Islands most beautiful beaches. Pack the coolers and sunscreen and enjoy this wonderful Vermont State Park. Visit their website to learn more.

Summer in Vermont is the perfect time to explore the wonders of the Lake Champlain Islands region. Whether attending lively festivals, indulging in local cuisine, or embarking on outdoor adventures, this bucket list will fill your summer with unforgettable experiences. So pack your bags, gather your loved ones, and prepare to create cherished memories by the lake! 

Learn more about Life in the Lake Champlain Islands.