After years of bringing your family and closest friends to your favorite recreational lake for vacation, you're finally ready to buy a home there. If you have considered other types of investment properties and vacation homes, or you're still in the consideration phase, you may be wondering what it is about a lake home that makes it such a special purchase. Buying a lake home offers unique advantages to investors and buyers. Here are three of the biggest reasons to buy a lake home.
A Lake Home Is a Wise Investment
Just as you and your family love the idea of vacationing and now living by a scenic lake, so do many other people. This makes a lake home a solid investment that is likely to go up in value. This is especially true if your lake home is purchased in an area where money is being invested in increasing tourist infrastructure. Whether you decide to sell someday, draw on the equity for other investments, or rent your lake home as a vacation property, buying a lake home now is likely to pay off well into the future.
A Lake Home Can Be a First or Second Home
If your plan is to live in the lake home full-time, perhaps as a recent retiree or someone who works remotely, you will be rewarded with a more serene and peaceful lifestyle where you have easy access to outdoor recreation like fishing, hiking, or canoeing. If your lake home is going to be a second home for now, you and your family will soon notice the difference when you own your vacation home compared to renting one each season.
You can keep outdoor gear in the garage or mudroom, clothes in the closets, and photos on the wall. You will be able to really settle in and relax instead of feeling like you're in someone else's home.
Your Lake Home Will Lead to Memories
Perhaps the biggest reason to buy a lake home is all the memories you will make there. As kids get older, they will look back fondly on their memories of making s'mores by a campfire, paddleboarding, swimming in the lake, and more. Many of your family's most treasured memories will likely involve the lake house.
As you can see, buying a lake house for recreational as well as investment purposes is likely to add a great deal to your life. Start by working with a real estate agency, such as Glenn Silvenis: RE/MAX Crossroads III.