Have you ever thought about purchasing a piece of property as either an investment or second home away from home? If your answer is yes, you are certainly not alone. In fact many prospective buyers are purchasing lake properties instead of the typical beach front properties as a place to invite extended family and friends for impromptu weekend get-togethers. Central Texas Auction Services would like to outline why buying a lake home could be a great option for your family!
Why I Should Buy a Lake House or Lot in Texas
Motivation: Owning a lake property is a wonderful way for busy families to meet and spend time together. When you really think about it, a lake home comes with something for everyone including fishing, boating, and nature watching along with relaxing under the shade of the nearest tree. It also provides an opportunity for family members and friends under time restraints to participate and re-connect with each other.
Time: If you live in the Central United States, it may be quicker to get to a lake house than a beach front or other type of property. Think about how much time you want to spend commuting between the property and your primary residence to help you consider areas for a potential purchase. A lake home makes a great year-round second home for quick getaways no matter what the season as well as family vacation time. You may also want to rent out the property when not in use for an additional source of income.
Maintenance: Worried about spending your time cleaning and maintaining the property? There are lawn and cleaning services, along with housekeeping options available at reasonable prices to ensure that the house is clean and stocked with food and the boat filled with gas. This will allow you to enjoy your time away with family doing the things that you enjoy including spending time in or on the water.
Expense: Waterfront properties are typically more expensive than homes that are set back from the water. One option to consider is watching for properties that go up for auction including foreclosure properties which may require some remodeling. Consult with the knowledgeable experts at Central Texas Auction Services for upcoming auction opportunities. Your budget should also include some extra money for boats, jet skis and other water toys which can also be found at one of our upcoming estate auctions!
Other Considerations When Buying a Lake House Property
When researching lake property as a vacation home or as an investment property some additional areas to consider include:
– Off-season. What does the appearance of the property and surrounding areas look like during the off-season? The winter months are the best time to get a true look at the property. As a general rule if you like what you see during the fall, you will love what you see during the summer.
– Have a property purchasing plan. If you don’t find the ideal property the first time around, don’t be discouraged, keep looking. A great to place to start is to watch for lake properties that become available at auction. Another option is to start out smaller and purchase property to fix-up and flip at a profit.
– Own it. Unlike renting a home or staying in a hotel, when you own a lake home you literally own your own home away from home. Since the house and all its contents belong to you, you can relax and enjoy your surroundings while creating memories and experiences with the people you love that will be talked about for years to come.