5 Key Questions When Buying Luxury Lake Homes
Michael Weitzman • October 29, 2013
As the days begin to get shorter and the nights a little cooler, for many people, summer vacations at quaint cottages and luxury lake homes are a pleasant memory. Fall is a perfect time to ponder easy living by the lake, so if you find yourself considering relocation or searching for your own Grand Rapids lake home, we have some tips.
- How do you expect to
enjoy the water? In Michigan, with over 11,000 inland lakes and of course
the surrounding Great Lakes, there is a lakefront home for every lifestyle, and
it’s just a matter of finding the right fit for you. You may dream of water
sports, a sandy swimming beach, secret trout holes, or a relaxing view. Allow
yourself to dream, and then decide what that means in practical terms – a large
all sports lake, a quiet shallow pond, or a protected marsh. - When do you plan to
spend time at your lake home? Primarily on the weekends, year-round, or
some combination of the two? Often people from Chicago, Indianapolis, Detroit,
or New York, who are interested in relocation may search Grand Rapids lake
homes for a year-round home or a home to retire in. The amount of time you plan
to spend in the home can make the difference in whether you choose a
low-maintenance seasonal cottage or a year-round luxury lake home. - What is your appetite
for renovation? Do you like to do your own renovation, do you enjoy the
process of redesigning and hiring renovators, or are you looking for a lake
home that is move-in ready? Some buyers look for a small home to tear down and
re-build. If you do decide to renovate or rebuild, practice due diligence
regarding restrictive building codes. - How do you plan to
entertain? This can make a difference in the size of home and the amenities
you choose. Since lake homes tend to draw guests easily, it’s another important
factor to consider. - What else do you need
to bring your lake home and your lifestyle together? Perhaps you want to get
away from it all. Perhaps you have a business or you enjoy some aspects of city
living, like airport access, business climate, high quality health care, or
restaurants and entertainment. Be as realistic as you can about your
preferences.
When you’re looking for luxury lake homes, for many people the dream is to find the best of both worlds: city living and a relaxing lakefront lifestyle too. And that combination is uniquely possible with certain Grand Rapids lakefront homes. I currently have listed a modern take on an English Manor home, on Reeds Lake near Grand Rapids. The original owners spared no detail in this beautiful gem, from the cutting edge kitchen to the plush theater room. Whether you’re relocating, looking for an amazing lakefront home near a major city, or thinking about retiring to the lake, call me at 616-485-0952.
When sellers put up a home, there are a lot of factors to consider. However, pricing is very important. Sellers understand that buyers can now research information, and they are now smarter than ever. So, they need to set a reasonable price for their homes. Besides, the initial price differentiates between a painless sale and months of frustration. Here are five common house pricing strategies sellers use.
Buying a home is a significant investment, and it can be an exciting process. You have read about how important it is to get pre-approved and pre-qualified to stand out from the competition. However, when the home appraises for less than the agreed-upon price during the home appraisal, you risk losing your home or your money. Here is a guide on appraisal gaps and how to deal with the difference.
Are you looking to settle in Grand Rapids? Grand Rapids offers a growing economy, low cost of living, excellent health care, diverse cultural options, and award-winning schools. Thus, it was ranked among the top places to live. Given the high demand for homes in Grand Rapids, the real estate market is hot, and sometimes, sellers have multiple offers to consider. So, how do you deal with multiple offer situations as a buyer?
If you are trying to buy a home, you are probably keeping tabs on the real estate market trend. The real estate market is constantly shifting, impacting buyers' purchasing decisions. Thus, buyers are always on the lookout for the perfect time when the prices are low to make a purchase. This guide will help you understand the two markets under real estate and how to tell when the market is shifting.
Are you planning on buying or selling a home? While the forces of housing demand and supply affect the market, so do seasons. The seasonality of the real estate market will vary according to location since each region has its nuance. Read on to understand how spring impacts the real estate market and why spring is the best time to invest in your dream home.
As the spring season approaches, it is time to get your home in order if you intend on selling. The real estate market goes up every spring, making it the best time to take advantage of the market and list your property. Preparing your home for listing could seem like a lengthy process for a first-time seller. If you would like your home to stand out among beautiful listed homes for sale in Grand Rapids, follow these tips.
As the market begins to shift and the interest rates start going up, the best time to make your investment in real estate is now. But where should you invest? - In Grand Rapids. Grand Rapids has become a favorite location for many real estate investors due to the competitive housing market and low cost of living.
You plan on selling your home and moving to a new location, but you can’t seem to decide the best town to move to yet. How about Grand Rapids? If you have been waiting for the best time to make an investment in real estate, it's time to make your move. The housing market has begun to shift, and the interest rates are expected to go up soon. So, if you would like your home to sell faster, list your property now for the best deals.
Are you on the lookout for real estate investment opportunities? Have you considered investing in Grand Rapids real estate? With an average population of 200,000 people, Grand Rapids is the second-largest city in Michigan State. The city shows more promise than other cities in the state, making it a prime area for investment. It has the following.
Buying a house is a dream many people would like to accomplish. However, government policies change with the ever-changing real-estate sector and the dynamics of homeowners. Besides finding a suitable mortgage lender, the next considered factor is the interest rate. After the pandemic, the real-estate sector has been significantly affected, and most finance corporations like banks and commercial lenders have lowered their interest to encourage investments. However, a low-interest rate is like stealing money, and a rate between 6 and 8 is a healthy interest rate. Read more about interest rates below.