If you are thinking about a second home or considering buying a luxury home - now is certainly a great time to do it! Prices are lower now than they have been for a long time. There are some excellent deals to be had! Higher end homes are often above the price ceilings for tax credits and are not moving quickly in this economy, so sellers may be willing to negotiate with you. The Lake of the Ozarks area is a beautiful site with many appealing homes, but while considering buying a new home or a second home, there are some things to keep in mind.
The Wall Street Journal recently ran an article listing ten top things to keep in mind when buying a luxury home or a second home. Planning ahead and thinking things through will prevent regret down the road.
One thing that could lead to regret later is buying on impulse. Purchasing a home and relocating goes beyond a gorgeous picture on a glossy flyer. Of course, you want to own a home that is beautiful, but you also want to live in one that is comfortable for you and your family. Each community has its own unique "flavor" and flair, as well as its geographic, political, and sometimes cultural differences. Some neighborhoods have "covenants" or agreements that may restrict your use of the property or what you do with it when you aren't there. If you are not from the area it would be virtually impossible to uncover this type of information.
Even if the home and community suit you, you need to ask yourself about how you will use the place. Will it be a weekend getaway? An annual vacation site? An eventual retirement home? Are you the type who wants to live near the "action" or would you rather live in a secluded area surround by nature? Will you be renting it out or leaving it available for you at all times? Are you interested in being close to work or near the clubhouse? There are LOTS of things to think about when making a big move. Your best friend in this case is your realtor. And the best realtor is "homegrown" or living in the area where they are selling. That's where Lisa Elliott and the Team at Lake Real Estate Pros can help you.
Lisa and the Team at Lake Real Estate Pros have more than 20 years experience helping people find the home of their dreams. Being from the Lake of the Ozarks area, we know the area and are able to help you determine which of our gorgeous homes would be a comfortable fit for you. We know the neighborhoods and communities. We know the bankers and businessmen in the area. We know the contractors and re-modelers. Our staff is here to answer any questions you might have about making a move to Lake of the Ozarks. Whether you are looking for a condo or a castle - we are certain we can help you locate the perfect home! We have everything from condominiums to multi-million-dollar mansions. Call us today at 573-365-7332 or visit our site and check out the current listings at www.lakerealestatepros.com. Lake of the Ozarks is calling. Come join us!