You have a beautiful waterfront property, but it is missing one thing — a floating dock. The value of a waterfront property is already high, but you can make it higher by adding a floating dock. Floating docks can increase the value of homes.
How Will a Floating Dock Increase the Value of Your Waterfront Property?
The location of the floating dock on your property will influence your home’s value. The material the boat dock is made from, including how deep the water is, will also affect your property’s value.
Installing the right type of boat dock on your property can increase your property’s value and you can expect a good return on your investment, especially when you put your home on the market. To make the right choice, you need to research, plan, and design your boat dock. Do not just buy a boat dock without putting much thought into it, as that can affect the resale value of your waterfront property.
How Much Value Will a Floating Dock Add to Your Waterfront Property?
The value that your floating boat dock will add to your waterfront property depends on the type of home you have, the condition of the lake, and the type of boat dock you bought. To give you a number, you can expect a floating dock to increase your home’s value by around $14,000 to $20,000 on average.
Will Only a Floating Dock Increase the Value of Your Waterfront Property?
There are several types of boat docks that you can install, but the two main types you can get are stationary docks and floating docks. A stationary dock does not move, whereas a floating dock does. Stationary docks are more expensive to install than floating docks. Both will increase the value of your waterfront property.
Are There Any Other Ways You Can Increase Your Boat Dock?
Yes, you can. You can invest in a boat lift to keep your boat in good condition. A boat lift can prevent your boat from absorbing water, protecting your boat, saving your time during routine maintenance, and making it easier to get the boat in the water.
A boat lift can prevent algae from growing on the hull, and protect your boat from water damage and debris, allowing you to examine your boat for cracks, leaks, and other types of damage, thereby making it easier to enter the boat and drive it.
If you want to increase the value of your waterfront property, consider getting a floating dock because it is a practical choice and a boat lift to ensure your watercraft lasts longer. With a floating dock and a boat lift, you can increase the chances of your property selling at a higher price and fast.