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That is because the proximity to water can generate higher costs for insurance.
The risk offlooding, storms and erosiongoes up significantly when water is involved.
All of these risks can significantly impact the propertys long-term value and safety.
These risks can also lead to substantial out-of-pocket expenses for repairs and replacements not covered by insurance.
Additionally, public access points and easements can further limit privacy.
These regulations can limit how you’re able to use and develop the property, remarked Claus.
Selling it, however, can prove to be stressful and frustrating.
This can make it more challenging to sell the property quickly and at a desirable price.
This limited usability can affect the propertys overall value and appeal, he remarked.
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