Misunderstanding Land Value’s Price Influence
Lake property shopping can be an initial sticker shock to some first time lake buyers. Values for smaller homes can be higher than in your city.
Shorelines are valuable real estate. Some buyers fail to account for the value of the land at the lake on which the home was built. Land with a 150’ shoreline on a beautiful lake have tremendous value. On lake properties, often 50% or more of the value of the property is the frontage itself.
One of the best investments that any investor can make is lake property or lake front real estate. Both large and small available lake properties rarely last in thriving real estate markets. For more information on lake property and understanding the land value contact us through our “About Us” page.