Are there still affordable lake towns left in America? That’s a good question and one that the folks over at Realtor.com put pen to paper to figure out. They say you don’t have to be a “gazillionaire to afford a home in bona fide lake town – you just need to know where to look.” So they took a look listings with phrases such as “lake view” and “lake house” in over 900 metro areas and measured the percentage of vacation homes, dining, drinking, and outdoor activity establishments. Indeed…the secret is now out.
“Buyers should consider how will they personally use the house,” says eXp Realty broker and vacation home expert Holly Mabery, based in Sedona, AZ. “Is it for their family or rental income? How will they use the lake? What kinds of activities do they enjoy? Is the property and lake accessible year-round?