Land investments can be made for any number of reasons; to build a home on, for weekend escapes, investment purposes, in preparation for retirement, pure enjoyment and for revenue production.

After an approximate area is selected it is a good idea to spend time getting generally familiar with the various terrain and water features and the locale in general. Approach it as a fun discovery effort. Drive around, sight see and talk to area people where you have developed an interest. I do recommend seeking the advice of a professional real estate agent who should be able to pass along important information on and existing limitations of land in that area. Their expertise may prove to be quite valuable in researching and negotiating on specific properties as well as supervising the transaction to closing.

If you are considering building it’s a good idea to speak with a local contractor or architect. They will be able to discuss with you any limitations the land may have in your future plans and bring together rough building estimates influenced by terrain and sub-surface features. Any offer of course should be dependent upon a survey.

Again, in referring to building lots; topics where you want to make sure of will be in zoning classifications, existing easements, building restrictions, fencing prohibitions, landscaping rules, height and roof considerations, availability of utilities, septic planning, unusual deed restrictions, association fees or rules as well as potential future taxes associated with outstanding views.

These are some of the important considerations prior to purchase. Land is something where an out of state buyer definitely wants to “cross all the Ts and dot all the Is”. It is also my opinion that the inherent natural resources and quality of life present in the Lakes Region of New Hampshire will only grow in their appeal to others in less well blessed and over taxed states.

jferriman@spencerhughes.com (603) 520-5385   

The Lakes Region comprises hundreds of distinctive lakes and ponds and each would seem to have their own unique characteristics. Lakes Winnipesaukee alone is the host to over 200 hundred islands more than half of which have a home or camp in place. The largest islands, Long and Governor’s, are bridged to the mainland and are extensively developed. The majority of the islands are therefore accessible only by boat or after “ice in” by snowmobile.

What is the appeal of a second home that is typically used only 3 to 4 months a year? To me it is a balance of values and of opposites. A special refuge that allows an energizing of the spirit and a sharpening of personal awareness. The reasons that an island home is passed along from one generation to the next may vary but all have a common thread of powerfully shared family memories.

Things to be aware when considering an island property include but are by no means limited to; availability and cost of insurance coverage, mainland docking and parking arrangements, higher construction and remodel costs, communication capabilities, power and energy sources, septic and leach field terrain acceptability and more. With the drawbacks there must be some very positive plus points, I’ll leave these to your imagination.

According to Webster’s New World Dictionary the meaning of the word vacation
is “a period of freedom from activity; rest; respite.” I would also include in this textbook definition “an opportunity for one to become aware of something larger than oneself.” Island folk gain this insight every day and the luckier ones carry it with them forever after.

Jferriman@spencerhughes.com (603) 520-5385