Love the Lakes Area? Dream of a Vacation Home? Lake Front? Lake Views? It should offer relaxation and enjoyment for you and your family.
Your vacation home should also be a good investment. It should increase in value over time. Most lake front homes turn out to be a good investment, even in our recent past distressed markets. Statistically, second homes are used strictly for Recreational, or Seasonal use. Owners generally have little interest in renting their vacation home.
Do you want privacy, in a log home, surrounded by forests in the Ozark Mtns? Or Lake Front at Table Rock, Taneycomo, or Bull Shoals Lake? Lake Views? Want close to Branson with all its activities, shopping and shows? Or near another town? Or Country living near all lake activities? Determine what geographical areas in the Ozarks, you like the best. Once you know this, you can start looking earnestly.
The easiest way for most people is, to contact an experienced Real Estate Professional who is very knowledgeable about the lakes area, Springfield City and Country areas. Agent Referrals by friends, neighbors or relatives who have experienced great service is helpful. Second, the agents Reputation is very important. Third, many Buyers use Online References through the real estate categories in Search Engines. If you have made a visit to the area of you are most interested in, ask the locals for their recommendations for an agent. You will save time and money by seeking out the REALTOR® who has other Designations. A Full Time Experienced Agent have gone through specialized training, and subscribe to a very strict Code of Ethics. Also, check out an agent’s specialties.
Location is Very Important
This is an overused term, but it so true. Analyze what you actually want to do on your vacation. If you want quiet, able to sit and watch nature, listening to all the unique sounds of the Ozarks outdoors, no neighbors, then the seclusion of the woods might be what you want.
If you want to be able to do a variety of activities with the whole family, and grandkids, that a city such as Branson can offer, then you might want something in or near town. There are theme parks, water activities, world class shows, all kinds of unique shopping, including the new Branson Landing along Lake Taneycomo, restaurants, amusements and many churches. This is the “perfect” family area! TABLE ROCK LAKE AND THE BRANSON AREA.
Considering Renting It Out?
Most owners want to use their vacation home exclusively. There are some that buy condos, or homes, in certain areas, that could be rented out. Most rental income will not cover a mortgage if you have one. If you plan on using it personally and renting it out, check on the IRS rules on personal time use of investment property. Also, check with your accountant, with our ever changing tax rules, to see if the interest on a second home mortgage, is deductible,
Always Keep the Future in Your Considerations
You probably plan to keep this Vacation Getaway for a long time. But what if you needed it sell it? Would it be a desirable property for future Buyers? What about all the amenities? Especially Lake property, owning a Boat Slip, or a private Boat Dock, is extremely important. Boat Slip Ownership is “King” for these properties and key to selling your Vacation Home in the future.
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If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. We will use comparable sold listings to help you determine the accurate market value of your home.