5 Questions to Help you Determine the Right Home at the Lake of the Ozarks
When buying a home at the Lake of the Ozarks, you’ll have options, and the perfect home will vary depending on a few things. Your recreational plans at the Lake. The size of your family. Whether you plan for it to be a first or second home. What type of community you want to live in. Before you pull the trigger and sign that dotted line, ask yourself a few of these questions to ensure your new home at the Lake of the Ozarks checks all your boxes.
Question #1: Does this Home
Satisfy My Family’s Needs?
You’re going to see some breathtaking homes here at the
Lake. But it’s important not to get totally caught up in awe and remember
functionality is important. Does the home have enough space for your family?
Can you see your family being both comfortable and entertained in the home? Can
the home accommodate extended family and friends? These are all important
factors in helping determine the right home for you. Focus on the basic needs,
THEN go for the glamorous amenities.
Question #2: Does the TOTAL Cost of this Home Fit Within
Our Budget?
You likely know that the listing price isn’t going to be the
bottom dollar for purchasing the home. You’ll likely encounter closing costs
that include things such as appraisal, the home inspection, insurance, any HoA
assessments, taxes, and standard closings costs from title agencies and
lenders. When making your budget, consider these additional costs that will be
associated so you don’t end up heartbroken from the dream home you can’t quite
afford, or worse, being overextended with your homeownership obligations.
Question #3: Will This Home Retain Its Value Over the
Years?
It's important to think resale value, regardless of whether
you plan for this to be your forever home or not. While you may not sell it in
your lifetime, your family may decide that it is the right option at some point
in time. So, a few things to consider are, will you be able to increase the
home's worth through home improvement projects? Are the surroundings appealing
- and if so, are they likely to stay that way? How is the market currently
doing, and what is it projected to do in the future? Since you’re looking to
buy in a prime vacation destination in the Midwest it’s typically a safe bet to
assume that you’ll have potential buyers awaiting should the home be listed for
sale.
Question #4: Can I See Myself Living in This
Neighborhood?
Even if you have the most beautiful home in your
neighborhood, would you enjoy living there if it lies within an unkempt area?
How about next to a busy marina? What’s the thru traffic like in the community?
This will come down to your personal preferences but is nonetheless something
to consider when buying a home. Walk the neighborhood and determine if you
could envision yourself staying here happily.
Question #5: Can I Live with My New Commute?
It’s no surprise that work commutes have a strong influence
on overall satisfaction with both your job and daily life. Be sure that you
gauge the commute time from home to work, to the grocery store, and wherever
else you may be going on a frequent basis. We recommend testing the drive, or
at least GPS the route to get an idea. How are the roadways, traffic, and even
scenery of the commute? After all, you’ll likely be taking parts of it each and
every day. Be sure you enjoy it as much as possible!
Ready to Start? Contact the Fran Campbell Team!
If you're satisfied with your answers to all of these
questions, then congratulations! It looks like you've found your new dream home at the Lake of the Ozarks! If not,
the Fran Campbell Team is ready to help you find the perfect home for you and
your family. Contact our friendly Lake
of the Ozarks real estate agents to get started!
Lake of the Ozarks BEST Realtor
www.FranCampbell.com
Info@FranCampbell.com
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