You’ve worked hard to get to where you are in life and now, it’s finally time to reap the benefits with the realization of a dream you’ve had as long as you can remember: You’re buying a Branson lake cabin and you couldn’t be happier! We’re happy for you and would love to be the ones to find the perfect retreat, but before we go any further, there are a few things you should consider before taking the plunge into lake home ownership. It’s a big investment and you want to make sure to do it right!
The first thing you want to consider is how you want to use the property. Are you interested in making this your forever home? Are you considering it as a weekend and vacation property only, renting it out on the off weeks? Or, is it purely an investment property from which you just want the income and really have no plan of visiting? Thesequestionsareimportant, as the size, cost, and location of the lake home can change accordingly. Knowing before you start the hunt can be an immense help!
If you decide to rent the Branson lake cabin out part-time or are using it as a full-time investment property, a property manager will more than likely be needed and will factor into the overall cost and income—especially if you don’t live near the home! No one wants to deal with 2 AM emergency phone calls, screening potential renters, repairs, maintenance, and housekeeping needs, and a vacation property manager is a perfect solution!
A home that is within walking distance of the lake offers all the same benefits as one located directly on the shores but without the added cost of a lakefront home. If money is an issue, this option could make all the difference, whether you intend to live there full time or are planning rent it out. If it’s a full-time investment property, understand that you won’t generate as high of an income if it’s lake-adjacent as you would for one directly on the lake.
Living in a house on a lake is an experience that can be completely magical and we’re excited that you are ready to try it! Life on the lake is a laidback experience, featuring al fresco dinners under the light of the dying sun, days spent drowning worms from the dock, zipping across the waters in your brand new boat with no particular destination in mind, and family moments that will never be forgotten. If you’re ready to have the time of your life, give us a call today and let us find the property that is a perfect fit for you and your family!