Making the decision to purchase a vacation home comes with an endless list of benefits. Indian Lake is an ideal location for many families in Ohio, featuring yummy lake-side restaurants, watersports, boating, camping, and more! Not only is purchasing a vacation home at Indian Lake a relaxing way to escape from the city, but eliminates the hassle of planning a vacation. Having the opportunity to get away without worrying about scheduling, booking, or planning a trip is ideal for most families. There is no better feeling than packing your bags and hitting your waterfront home for the weekend! You may be wondering, is buying a vacation home a good investment? Here are the rewarding benefits your family will experience upon taking the leap.

Your Family Will Create Memories That Will Last Forever

Summer is the best time to create memories, especially with those close to you. Family members of all ages are bound to have a blast at the lake, where the activities are endless! Go for a morning hike, head to a swimming beach, take a boat on the water, or roast some marshmallows as the sun goes down. Having a place to visit with loved ones where you can spend quality time together is something to appreciate.

Vacation Homes are Less Stressful

Planning a summer vacation comes with a long checklist. Ensuring the entire family can meet on the same dates, finding a rental or condo, and scheduling in advance to secure the dates can start to increase the amount of stress. Owning a vacation home leaves the freedom up to you! All you have to worry about are packing your sunscreen and hitting the road. This makes it easy for friends and family to come and go as they please without dealing with a third party when planning.

Why Invest in a Vacation Home Now?

A vacation home sounds ideal for most, but is it worth the investment? Here are some ways owning a waterfront home can pay off:

• You can rent it out. For the dates you know you're unavailable, why not make some extra cash? Renting your vacation property could be done seasonally or year-round, entirely dependent on your preference.

• Retirement home. When buying a vacation home, it usually means it's because you love the area. What better way to enjoy the neighborhood than using the property as a retirement home in the future?

• Sell when the time is right. If you're buying a vacation home while the kids are young or family is local, it sets up a long term plan of selling in the future. Real estate markets are always booming near waterfront homes, allowing you to sell at the right time.

Whether you live in Ohio or are looking for reasons to visit Ohio, waterfront property at Indian Lake surely takes a high ranking!  

Choice Properties offers you a chance to find the home of your dreams. We work with your budget and ideas in mind to support your ultimate vision. Call us if you are ready to check out the available inventory or to speak with a reputable agent who can assist you with your home buying needs.

Smart Families Are Buying Up Vacation Homes for Sale In Ohio

The last few years have been great for vacation home sales, according to the National Association of Realtors. With rising home prices and stock market gains, the market was flooded with people nearing retirement, and the median vacation home sold for approximately $150,000/-. There are many upsides to buying a vacation home. You can decorate it as you wish, leave your clothes there, rent out the property if you want and possibly even retire there. A vacation home would be perfect for large family gatherings.

Buying For Enjoyment

A vacation home can be purely for pleasure, if that's what you want it to be. Vacation homes for sale in Ohio are in high demand, as people flock to the state. There are a lot of beautiful vacation spots in Ohio, and you could fall in love with a specific location, and in that case purchasing and maintaining a vacation property will be worth it. You could get away anytime, without having to book hotels. Knowing that you had your own vacation home means you can schedule your vacation time at your convenience.

Buying As An Investment

If you do your research, you'll find that vacation homes for sale in Ohio are a hot commodity because waterfront property is only increasing in value in and around Indian Lakes. When you buy in a desirable location can mean a great investment. Your return on investment will come in the form of renting the property out to others who want to vacation there. Over time, that can generate considerable income. And you can always opt to use it yourself, when it's not being rented out.

Buying For Retirement

Purchasing a vacation home with the intention of selling your current house and retiring in it can be a huge money saver for you. How? You'll be reducing your mortgage debt before it even becomes your primary residence. And once you retire, the profit from your sold home can go toward the current mortgage balance of your vacation home. This will also make your transition easier, as you'll be familiar with the area already. Meanwhile, you can rent out the property and tap into a secondary source of income.

Vacation homes for sale in Ohio can be a big commitment. It's a decision that come with personal and financial responsibilities. However, the housing market is still very active and rates are still pretty low, so now might be the perfect time to buy that vacation home. Consider the waterfront property in Indian Lakes Ohio. It would make a good investment, an easy place to rent, and a great place to use in your own downtime.

 A vacation home purchase can be a great place to spend time with family and friends or as an investment property. It is essential to do research to make sure one's money is invested in a property which will continue to give back for a long time to come.  If you're on the lookout for a great vacation lake home, here's our advice on how to find the perfect vacation home on the lake here in beautiful Ohio.

Opportunities

Many opportunities exist to find the perfect vacation home on a lake. Buyers of new-construction vacation homes have many options in various price ranges. The opportunities for existing homes on the market exist, but price points may vary as will wear and tear on the property which can create more headaches than opportunities. It is worth doing some research up front on the kind of property desired prior to purchasing.

Multifamily Properties

Vacation home buyers may consider properties designed for families or people who will use the space part-time and want a higher-than-average return on investment when it is not in use. Multi-use properties are more ideal for individuals willing to rent space out than families who plan to reside in the space on a more full-time basis/

Plan to Rent

Plan for the possibility the home may become a rental property at some point. Circumstances change and the ability to save an investment might depend on converting vacation property to one that produces income. Look into rules which may prohibit rental of the property or prevent a person from renting it out.

Create a Business Plan

A vacation home that will be owner-occupied or for rent are different scenarios. Calculate expenses for the property and prepare for the unexpected. Colder-weather locations, such as Ohio, may require extra money for burst pipes or a leaky roof.

Purchase in a Desirable Market

Even if the plan is not to use the property for one's own vacations or to rent on a part-time basis, it is essential to visit on a regular basis, twice a year at minimum, to be sure the property is being well-maintained. Location matters for vacation homes. A property located 10 blocks from the lake may be less expensive but can decrease the resale price or ability to rent it out. Looking to stay in one which is closer to a lake, if desirable, can increase the home's desirability and value.

Insurance

Obtain insurance for a property near the lake. Flood insurance for waterfront property may make it an expensive investment but is worthwhile if done at a reasonable rate.

Some advance preparation, research and due diligence can help individuals find a profitable investment, a vacation home of one's dreams and is sure to bring joy to any person's family for years to come. Contact a qualified Choice Properties real estate agent with years of experience buying and selling in the Bellefontaine area to start looking at available properties and seeing what's available to make the dream a reality.