Living on the water, or more precisely, on the waterfront, is a dream for many people. But what makes the prospect of owning lakefront property so appealing to so many people? After all, purchasing this type of property can come with a pretty high price tag – why not simply spend the money on a larger home or land in a suburban area and drive to the lake when you want to take the kids swimming for the day? Of course, this is an option, but there are also a ton of benefits to consider before you go the route of quantity over quality.
Here are some reasons you might want to put your money on lakefront real estate.
One of the biggest draws for most people when it comes to purchasing lakefront property has to do with the idea of waking up to natural splendor each and every day. Most of us look out our windows and see other houses, asphalt roads, and if we’re lucky, a little greenery.
But when you buy a home on the lake you get gorgeous scenery that is largely devoid of the human footprint, as well as wildlife wandering through the area. If what you want is the illusion of a world untouched by man, this is as close as most people get.
Obviously, weather patterns will depend on where you live. But if you happen to be in an area that has particularly hot weather throughout a portion or most of the year, living on the water will give you access to the cooling effect that often occurs in such locales as breezes coming off the water tend to pick up the lower temperatures of the lake.
Whether you enjoy swimming, boating, water skiing, fishing, or other water sports, there’s no better way to get your fill than by living near a lake. And even if you prefer land-based activities like hiking, biking, jogging, and more, you’ll still have a beautiful view, a natural setting, and clean air in which to enjoy them.
Although some people are able to enjoy living in their lakefront property year-round, others can only spend part of the year away from the cities in which they find employment. But you can still gain some benefit from your lakefront home when you’re not there by renting it out. If you want to go old-school you could set up some kind of time-share situation with family, friends, coworkers, and so on to share the costs associated with the mortgage and upkeep.
But a modern solution that gives you more control is to use both of which let you create a calendar and block out dates, set prices, and decide who you want to allow to use your space when you’re not there. The best part is you can earn some serious passive income without having to deal with permanent renters.
If you look at your house as more than a home, if you see it as an investment for the future, then take the time to talk to a representative or another agency that specializes in selling lakefront property. What you’ll probably find is that while this type of property is bound to cost more than other homes in a given region, the value is likely to remain high because of the desirable location.