For many people, a house on the lake is the perfect dream home, with beautiful views and endless summer afternoons spent with the family on the water. However, while having lakefront views through the kitchen windows is perfect for many people, there are a few disadvantages, too. Gilbert Realty, one of the top real estate agencies in the Ozarks, would like to explain a few of the pros and cons of buying lakefront property.
The Advantages of Lakefront Property
Some of the benefits of buying a home on the lake are obvious: stunning vistas, limitless recreational activities, and even peace and quiet during the winter months. However, there are some others that might not come to mind. For instance, lakefront property is scarce by it's very nature and home values will usually only rise, making it a fabulous financial investment. Even if you never sell, you'll have a place your family can gather for years to come.
The Cons of Owning Lakefront Property
As attractive as those benefits may be, there are a few drawbacks. For starters, lakefront property usually has additional zoning issues and building codes, restricting what you're able to do with the property. Small lot size is another consideration, limiting how much room you have if you want to expand or add to the house. Because the water table is so high, you may be prone to septic issues, which can be extremely expensive to repair. Lakefront property is also normally subject to higher taxes and building costs, in addition to other fees and hidden price tags.
Gilbert Realty maintains a team of over 35 expert real estate agents who specialize in helping buyers find beautiful homes throughout the Ozarks and Twin Lakes areas. If you've been dreaming of owning lakefront property in one of the country's most beautiful areas, visit their website or call (870) 425-6282 to request a free DVD about the area.