Maybe you’ve always wanted a place to take the kids during the summer. Maybe you’re just trying to get away from it all. Whatever your reasons for considering the purchase of a lake house, here are four tips for making a smart decision about lakeside real estate:
1. Make a List
How big does it need to be? What features are you hoping to find? What amenities would get you excited? This doesn’t have to be a hard-and-fast list that you can’t deviate from; it can be a flexible collection of ideas that will get you thinking about what you desire in your future lake house.
2. Consider the Location
Location is one of the most important aspects of buying a lake house, especially if you’ll be responsible for maintaining the land around it. You might wind up needing something like weed control for lakes to keep nature from taking over. You’ll also want to think about climate, soil, shade, and the view from your windows.
Don’t be afraid to shop around for the location that is “just right” for you. Whether it be close to where you lived previously or in an entirely different state, you want your lake house property to be relaxing, safe, and family friendly. If waterfront property in your area is lacking, there are 55+ communities in Tennessee that boast lakeside views as well as communities along the different Great Lakes. Road trip, anyone?
3. Look Into the Owner
Once you’ve found a potential lake house, make sure that you do your research about its owner. They should have a clean, non-criminal record, and the house shouldn’t have any weird leasing issues or documentation mishaps. If you ever suspect that your lake house deal isn’t legitimate, don’t be afraid to cut your losses and walk away. A little firmness now can save you a world of trouble tomorrow.
4. Think About Year-Round Upkeep
If you’ll only be vacationing in the lake house once or twice a year, what will happen to it when you’re not there? Will you rent it out? Will you hire someone to maintain it? How much will it cost? Think about these things before committing to a particular land or cabin purchase. The little details could end up being a big deal.
These are just a few tips for finding, selecting, and evaluating a potential lake house. They can be a great investment for the future, but you’ll need to know what you’re doing before you sign on the dotted line. Good luck!