Buying a second home—whether for an investment or as a vacation getaway—can be a wise financial move if you plan to use it several times a year and rent it out for additional income the rest of the time. But buying a second home is not like purchasing a...
Buying a Lakefront Home
What Fees Do Lake Homeowners Pay on Airbnb, Vrbo, and Other Popular Booking Sites?
Buying a lake home and renting it out can be a great source of income that can pay for the mortgage and put additional money in your pocket. Listing your home on multiple booking sites like VRBO and Airbnb will get your property in front of as many travelers...
Pros and Cons of Renting Your Lakefront Home
There’s nothing like buying a lakefront home! What better place to spend your vacations than feet away from the lake? You will be creating tons of memories with family and friends from swimming to boating and enjoying the scenic view. Buying a vacation home on the lake can be...
The Truth About Lakeside Septic Systems
You’ve just purchased your new lakeside home and it comes with a septic tank… but you have never dealt with one before. You’re in luck because today’s post is about to uncover the truth about lakeside septic systems! Septic Tank Repairs VS Septic Tank Maintenance: Why fix what’s not...
How to Win Your Lake House Bid in a Competitive Market!
Tired of losing out on your dream lakefront home to another bidder? You’re not alone! Limited inventory, low interest rates, cash-rich buyers, families leaving the cities, more people working from home…all created a feeding frenzy for lakefront properties. It’s not unusual for any new lakefront listing to have multiple...
Can I Cut Trees Down Near the Lake Shore?
Most new homeowners seem to want to cut trees down between the house and the lake when they first buy a property. I STRONGLY urge you live with what you have for a full year first. I can’t count the number of homeowners that came back to me and...
What Does it Mean to Have Lake Access or Right-of-Way?
Have you purchased a lake home, or looking into buying one, that talks about having “lake access” or a “right-of-way” to the lake? If so, you need to be careful about exactly what rights are being conveyed and how. Although there are several, here’s one definition of deeded lake...
How Do I Get on HGTV Lakefront Bargain Hunt – Renovation?
If you have plans to renovate a lakefront cottage, HGTV wants to know who you are! First…you must already own the property and purchased it in the last 6 months (spoiler alert: they film the show in reverse). The purchase price needs to be under $375,000 and HGTV likes...
What is the Correlation Between Lakefront Property and Home Value
Living on the lake provides an incomparable experience. You wake up every morning to the serenity of the water lapping against the shoreline while enjoying your cup of coffee. The afternoon consists of an abundance of entertaining recreation options such as wakeboarding, tubing, water skiing, fishing, kayaking, boating, and...
6 Things to Understand About Flood Risk
How To Protect Yourself, Your Investment and Your Lake Home. Flood risk is often a confusing topic with rampant myths and misunderstandings. Read on to learn 6 key things about flood risk that will help you understand how to protect yourself, your investment and your lake home. By MyFloodStatus.com....