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Where do I begin?
You’re
in exactly the right place. Unlike primary home buying, over 85% of second home
buyers begin their search on the internet, according to the NATIONAL ASSOCIATION
OF REALTORS®. This site has many pages with valuable resources for those
beginning Southwest Michigan lake property searches. Here are some of the key questions you should consider before even beginning to look at homes.
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Analyze your budget and determine
your optimal price range.
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Evaluate whether you are willing to look at only new homes or will also include existing homes in your search.
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In doing so, consider your family’s need for a community with built in amenities vs. a stand-alone home.
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Will you need a garage or other storage area?
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Does your community need to be pet friendly? If you have dogs or cats, ask about any Homeowners Association restrictions regarding pets.
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Do you want to be on water? Do you prefer a lake or a river?
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Are you looking for a lake which allows water skiing, tubing and other water sports, also known as an “all sports lake” (sometimes written as one word, “allsport”, or even hyphenated, “all-sport”)? Or would you prefer a “no motor” lake, sometimes referred to as a “no wake” lake?
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If you’re looking for something on or near water, do you plan on getting a pontoon boat, ski boat, sailboat, fishing boat, Jet Ski or a waverunner? If so, will you need a dock or slip for the season?
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If there are no permanent piers, docks or slips available with your home, are there public or private boat launches to put your boat in and take it out? Is there a place to park or store your boat trailer?
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Do you enjoy doing some yard work or would you prefer a “maintenance-free community”? These days, the most common answer by a landslide. . . “Not more yard work!” Fortunately, these communities are easy to find, as the current trend in many second home communities is maintenance-free living. Most of them now have homeowner associations which are structured to either discourage lawns or provide care included in a small monthly assessment. Often a lawn restriction is there to enhance the natural wooded look of the environment. These associations also take care of common area upkeep, such as snowplowing, pool cleaning, landscaping, etc. A second home community should ideally have a much more natural, rural feel and look than that of your primary home community. When you gaze out the windows of your second home you should see woods, water, or something unique to immediately remind you that you are on vacation. And perhaps more important, buying in a
Southwest Michigan maintenance-free community means your family can spend your weekends playing, not working. Another new trend: Many second home communities now have
Concierge Services either provided by the community or available in vacation home areas.
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Identify your target geographic area. Once you have determined how far you are willing to drive, put a circle on a map to define the area of your search.
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The next step is vital to making good choices: Contact several developments to arrange tours of their communities and homes. Make sure to bring other family members and/or friends to ask for and actually listen to their input. There’s a good chance you may be inviting them for visits, especially if they’re bringing the food and drinks!
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Spend time driving and exploring the immediate areas around the developments. Take your time and ask a lot of questions. Are there restaurants and activities suitable for your whole family?
“Should I use a realtor?”
While the vast majority of second homebuyers begin and continue their search on the internet,
there are still those buyers who reach out to realtors. Just remember that many
of them focus on the much larger primary home market to make their living. This
could mean that while they know a great deal about primary home markets, many
may not have spent time focusing on the unique attributes of SW Michigan second
home communities. With a little bit of homework and online research, most buyers
find they quickly learn how to zero in on their dream home, but some either
don’t have the time or just feel more comfortable using a realtor.
Copyright 2010, Lakeside
Properties Series LLC - Your source for nearby
Southwest Michigan Lake Property and
Lakefront Homes, Log Homes and
Cottages.
888-866-4244.
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