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How to make a successful entrance on the waterfront property market
We all dream of living peacefully in a quaint, but luxurious house by the lake, but is this a good idea for a real estate investor? The short answer is yes – a certain percentage of buyers are very interested in purchasing a second property away from the noise of the city and they have the funds for it too. More than 50% of the top 1% homeowners intend to purchase secondary property in the following 12 months, so if this is your target demographic, now is the time to act. Waterfront properties seem to enjoy the highest popularity in the US, Canada and Northern Europe, which have a high number of lakes and although they represent a niche market, they aren’t as prone to fluctuations in value. However, as it is the case with all real estate investments, you need to analyze a few aspects in advance, because details such as the location of your waterfront property and the existence of a few home additions can drastically change your return on investment.
Let’s start with the basics: why are waterfront properties profitable?
Waterfront properties combine two of the best things that one could ever look for in a home: views and lifestyle. ... more

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