Lakefront homes fit a particular lifestyle choice that is incredibly exciting for many people. However, when you are pursuing a property you want, it is more important than ever to think rationally.
You can have a lakefront lifestyle, but it's important to take several things into consideration.
Buying a lakefront home is different on some levels compared to your traditional purchase. It is important to understand these differences as you make the leap into lakefront living.
We've gone ahead and answered some of these questions in relation to McGalliard Pointe on Lake Rhodhiss.
The great news
All things being equal, homes located on a lake are typically more valuable than homes that aren’t. While your initial expense will be greater, the potential for greater appreciation is typical with a lakefront home. When the real estate market dips lakefront homes tend to keep more of their value.
Specifics on the Lake
Here are some excellent questions to ask when considering buying a lakefront home:
- What is the fishing like ?
- How much traffic does the lake getting during the summer months?
- How much space is available for recreation?
- Are Jet Ski's and other motored boats allowed?
- Does the Lake flood ?
- What are the dock limitations?
- What does the fluidity of water levels look like?
- What does the lake bottom consist of?
Fishing on Lake Rhodhiss is considered one of the best in relation to lakes in North Carolina. Featuring over 90 miles of shoreline, with great water clarity enabling better fishing. Residents also enjoy having the same water level year round as Lake Rhodhiss’s water level remains constant. One of the reasons for this is because some area communities use Lake Rhodhiss to supply their drinking water. The water is a crystal clear blue color because the lake has a sandy bottom as opposed to the murky waters that a clay bottom provides.
Typically lakefront development's can have high association dues.
- What are the dues and what does that entail?
- What are the building restrictions around the lake?
McGalliard Pointe HOA dues are minimal and the building restrictions are flexible to allow for a pleasant living experience.
What is around you?
- Are you close to a grocery store?
- Do you have area attractions around you?
Important considerations that affect re-sale as well as your overall enjoyment of the property.
McGalliard Pointe is close to several grocery stores and within miles to shopping in Valdese, North Carolina. Valdese is a historically rich town with several unique venues that cultivate a strong sense of community.
Waldensian Trail of Faith, Waldensian Heritage Winery, and McGalliard Falls to name a few.
Outside of the immediate area you are within an hour of Asheville, Boone, and Charlotte NC. Three amazing places with endless opportunities of exploration. Also, making for an easy commute to your weekend getaway.
- What does the development or property allow?
- Can you expand?
In many instances, owners start with small vacation style cottages, later wanting to expand upon their footprint
Often times local zoning can vary quite a bit on a lake. Additionally, lakefront lots may vary in size when compared to traditional non waterfront locations. It is important to keep this in mind when purchasing lakefront property and evaluating long term plans.
McGalliard Pointe's flexible restrictions and large lots allow for expansion while maintaining the integrity of the neighborhood.
McGalliard Pointe is set up with city water, easing the need to establish and determine if water is available.
Make sure the view is adequate
One of the best parts of living on the lake is looking out over the water every morning. Unfortunately not every home labeled as a lake home offers this kind of view. Take time to visit the property to assess the view. Envision sitting on the deck or looking out through your living room. What does that look like on the lot?
McGalliard Pointe features 5 amazing well located lots with ample shoreline which enable wonderful views of Lake Rhodhiss and surrounding mountains.
Take a moment to schedule a visit. We would love to show you around.
Call Lisa at (828) 548-1515
Bill's original blog post can be found here:
Considerations for buying a lake home