As a resident of a lake community and a realtor specializing in waterfront property, it is clear to me that waterfront property is highly desirable. A mounting number of buyers flock to lakeside communities every year, which, considering the gains a waterfront property offers, comes as no surprise. I’ll tell you why.
A beach house or lakeside home can be your oasis and serve as an escape from the grind of the workweek, or act as a meeting place for the entire family. As a primary residence, the relaxed, tranquil pace of life in a waterfront community can help ease stress and help you forge a valuable connection with the outdoors in what might be an otherwise grid-locked, frenetic lifestyle.
Your waterfront property is much more than just a haven for relaxation or a family estate: it is a future investment. A beach or lake house can serve as a peaceful retirement location and will benefit your family for years to come. As more and more people move to stake out a lakeside or beachfront property, waterfront homes are in ever-higher demand. Whatever you invest in your waterfront property now, you can rest assured that while you enjoy waterfront lifestyle in the present, your property will bring capital gains in the future.
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Stephen, that is my hope for when I retire to purchase a house on a lake. I don't think that it would be a wise thing for me to do it before then, because I would never get any work done :)