A lakeside vacation home can serve as the perfect summer retreat for your family; a place where you can create memories and bond. If you’re thinking about buying a lake house rather than renting one, there are some important considerations to keep in mind before making the purchase. 

A Guide to Purchasing a Lakeside Vacation Home

1. Be Mindful of Hidden Fees

In addition to your monthly mortgage payments, lakeside homes often come with unexpected costs. Some communities have association or boat dock fees that are generally paid monthly. Additionally, some homes may require you to pay for solar panels if they are leased. Account for any additional monthly expenses to create a smarter budget.

2. Determine a Property Strategy 

Some homeowners buy lakeside houses to use year-round. Others, utilize them as vacation homes and visit regularly. If you won’t be using it all the time, evaluate the property’s potential to serve as a rental. Find out if the home is in a desirable location and the property itself will be appealing to vacationers. For example, is it near any stores, and does the property have a working dock? Renting out the house when you aren’t there will create a supplemental income stream and help you cover the costs of your investment.

3. Inspect the Vacation Home

As with any other home purchase, you should inspect the house before buying. Proximity to the water can result in home issues that you may not be aware of. Look for exterior corrosion and mold problems; these are common in homes near water. Rural houses are also more likely to have pest control issues like rodents or birds. If you don’t have experience examining properties, hire a professional inspector. 

If you’re interested in buying a lakeside vacation home, contact Heritage Land Company in Lassen County, CA. Whether you’re looking for a weekly rental or a permanent home, their real estate team will help you find the perfect fit for your needs. To learn more about their properties in the Eagle Lake area, visit them online or call (530) 825-2131.