Why consider lake homes for sale?
In 2020, lifestyle considerations became more important than ever. Common must-haves on the checklists of today’s home buyers include access to green spaces and amenities, larger floor plans, a connection with nature, and outdoor living areas.
For these reasons, many homebuyers are considering lake homes for sale and realizing their unique and attractive characteristics.
#1. Living By a Lake Boosts Well-Being
Living by a lake gives homeowners more than just a beautiful location and access to outdoor water sports — it can also be beneficial to your well-being. The area we live in is connected to our stress levels, and a study conducted in 2019 showed that access to blue spaces could improve our general health.
You may be interested in exploring lake homes for sale because of their proximity to the water, but you can also enjoy the added benefit of a peaceful body and mind.
#2. Lake Homes Are a Good Investment
There is a limited amount of lakefront land to build on, making lake homes a scarce resource. This scarcity, paired with high desirability, means that lake homes are often a wise investment with a strong chance of appreciation.
#3. Lake Homes Are Picturesque
The unobstructed views of the water are perhaps the main reason buyers are interested in lake homes for sale. The lake also serves as a backdrop for many of nature’s wonders — from stunning sunsets to abundant wildlife.
#4. Lake Homes Offer Year-Round Adventure
Lake homes also offer access to a wealth of recreation options — from fishing to wakeboarding, paddleboarding, kayaking, and boating, there is fun to be had on the water, no matter the season.
#5. Lake Homes Are Perfect For Entertaining
Owning a lake house means you always have the perfect space for entertaining. Many lakefront property owners feel like they are on vacation every day, and who wouldn’t want to share that with friends and family?
#6. Lake Homes Offer Potential Rental Income
Some people purchase a lake property as a second home and list it as a short-term rental when they’re not using it. The rise in popularity of sites like VRBO and Airbnb has made turning your lake home into an income-generating rental property, more accessible than ever before. When you’re searching for lake homes for sale on Movoto by OJO, you can see Airbnb estimates for each listing.
If you’re financing the purchase of your lake home, be sure to talk to your lender about using it as a rental property, as this may impact the types of loans available to you.
What to Remember When Searching For Lake Homes for Sale
Lake homes require more due diligence than other types of properties. Keep these additional pointers in mind when you’re searching:
- Lake homes can be more expensive than other types of home.
- Don’t forget to explore any special insurance requirements, such as flood insurance.
- An inspection is vital to understand the property’s condition.
- Learn as much as you can about the lake, including the shoreline and its history.
- Check on any HOA fees or land leasing fees.
- Always work with a real estate agent who has experience in lake homes.
Whether as a primary residence or second home, a lake house can be an attractive real estate investment. When you’re ready to start searching lake homes for sale in your area, browse our available listings here.
