Considerations for Waterfront Property Investment

Multicultural real estate developer Marius Fortelni entered the construction sector by launching a cement business based in Nigeria. He went on to manage multiple construction projects in Saudi Arabia before purchasing luxury real estate in the Hamptons and venturing into the New York property market. Today, Marius Fortelni serves as president and founder of Forte Properties, a real estate investment firm specializing in luxury and waterfront properties. 

Waterfront properties come with extra considerations due to distinct environmental factors and complex building regulations. Before investing in a waterfront property, buyers should examine the following:

Insurance Requirements: Waterfront properties may trigger requirements for more comprehensive flooding and homeowners insurance. These properties are also more susceptible to erosion and damage from strong winds. Owners should consider all of these environmental threats to assess insurance costs. 

Water Restrictions: Buyers may want waterfront properties to engage in activities such as sailing. However, many communities have restrictions on shoreline use and the types of watercraft allowed to dock. Buyers should have a strong understanding of local regulations.

Future Construction: Waterfront properties can be directly impacted by new developments thousands of miles away, as debris that flows downstream can impact the property’s value. Buyers should work with a professional to understand land-use laws and if there are any planned developments that may impact the body of water.