5 Tips to Buying the Perfect Vacation Home at the Lake
Buying a vacation home at the Lake of the Ozarks is an exciting time. The sense of pride you'll have once you're enjoying that beautiful lakeside home is second-to-none. However, there are a few more intricacies that impact such a sale as opposed to buying land-locked real estate. In this week's blog, we're giving 5 tips to help you find the perfect lakefront property at the Lake of the Ozarks
Plan Around Your Vacation Style
The type and location of the lakefront property you'll want will depend largely on how you plan to spend your time at the Lake. If you're interested in a quiet, relaxing vacation, your ideal home will be located a community away from large marinas, lakeside restaurants, etc. Lake of the Ozarks is unique in that you can have both, being far enough from the action for a peaceful setting while never being too far from the action.
Thoroughly Inspect the Water/Shoreline
Doing a thorough walk around a property you're interested in is recommended. While you can make improvements to the land relatively easy, doing so to the water is not. You'll want to be on the lookout for signs of erosion, water access, and wake strength/frequency as these items can affect your dock, boat, and shoreline of the property over the years.
Always Get the Inspection
Getting an inspection is always a good idea. After all, you're making a large investment, so having the peace of mind that you know the quality of the home you're interested in buying is backed by expert analysis. This can potentially save you precious time and money in the long run and help pick out the right home for you.
Check Insurance Requirements
Waterfront properties may have special insurance requirements due to flood risks or other factors that land-locked properties aren't at as much risk for. Checking in with your lender real estate expert can be a good way to determine if a property is going to require additional insurance. The insurance can be costly if you're not prepared for such an expense, so knowing up front is best.
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