When it comes time to buy a home, you may consider purchasing a beautiful lake house. Lakefront living offers a number of unique benefits such as easy access to fishing and boating and prime waterfront views that you won’t find in most traditional homes. That said, a lake house can also come with its unique share of challenges as well. To help you weigh these factors, here’s a guide about what to consider before purchasing a lake home.
Considering Purchasing a Lake Home? Here’s What to Think About
1. How You Plan to Use It
People purchase lake houses for a variety of reasons, so start by considering what your specific intention is before you buy a home. For instance, are you planning to live in it year-round or make a profit from renting it out? Perhaps you’d like to do a bit of both by using it as a summer getaway and then renting it out during the winter months. With this in mind, size is an important factor to think about. You’ll want to ensure that its large enough to accommodate your family (and potential guests) and/or that the square footage is desirable to renters. You should also take into account seasonal lakeside temperatures and how they’ll affect you as a permanent resident or affect your ability to rent it out.
2. Distance from Everyday Conveniences
If you’re planning to occupy the lake house on a full-time basis, it’s important to consider the home’s proximity to major roads. Many lake homes offer solitude, but at the price of convenience when it comes to getting to the store, bank, and other errands. Also think about what would be involved for guests traveling to the home, such as boat gas, if you’re directly on the water. Consider these points when renting out the home as well so that you can market it accordingly.
3. Level of Maintenance Required
When you start the house hunting process, be sure you understand the level of maintenance required for your chosen property. Due to the proximity to water, lake houses can suffer property damage, mold issues, or even bug infestations from excess moisture, particularly if the home is made from wood or stone. Be sure to have a professional inspection before you buy a home so that you can be sure you’re making a sound investment and that you’re not in over your head with repairs.
If you’re ready to buy a home, look no further than Ozark Kountry Realty & Auctioneering in West Plains, MO. For over 20 years, this reputable real estate agency has helped home buyers locate their dream properties. Whether you’re looking to buy or sell a house, find farms for sale, or navigate through foreclosures, they’ll serve as your dedicated partner on the journey. To speak with a professional real estate agent, give them a call today at (417) 256-5729 or visit their website for more information.