How Can People Navigate the Real Estate Market?
The real estate market is vast and can sometimes appear confusing, especially for those unfamiliar with the processes of selling, leasing or buying property. Finding guidance and inside knowledge to help navigate major decisions is crucial, especially when considering that they can have several major factors which can make the difference between a real estate investment that either pays off or costs you money.
Why is it that some properties retain or increase in value, while others struggle regardless of the economy?
Most of us have heard of one of the most prolific real estate clichés— “Location, Location, Location.” In cases such as this, the quote happens to still be true.
Why Are Lake Homes a Good Investment?
Often overlooked, there is one specific type of property that has become one of the most valuable real estate investment opportunities available. Properties surrounding lakes and other waterways are prone to increase in value, and rarely stay on the market for very long.
One of the best ways to enjoy a property on the lake is through a lease agreement. These can vary in duration and let you get the feel of the area without fully committing to purchasing a home. If you currently own property near or on a lake, leasing it out can be an excellent way to generate extra income while maintaining your equity.
For people looking to purchase or rent a waterfront property, it is important to consider what type of living experience you are interested in. Like any type of real estate, there are variations in location, available activities, lifestyle and cost.
Not all lake homes are created equal. Not all lakes provide the same experience. It is important to know what you have in mind, as there are options available for any preference.
One major consideration is the seasonality of the waterfront property. Some look for a location that can be used as a summer retreat, while others are looking for something more year round.
In the northern part of the country, this means that water recreation is limited to the warmer months of the year. However, this does not change the fact that even in the dead of winter, waterfront properties provide dramatically beautiful views of the peaceful lake scenery.
If being on (or in) the water is more of a priority for you and your family, there are plenty of locations in the United States which provide nearly year round access to the water and all the lakes have to offer.
The Beauty of Austin’s Lakefront Properties
The area surrounding Austin, Texas is one such location which boasts lakes that are popular year round. In addition to being a gorgeous city, it is also ranked as the #1 city to live in the United States! And for good reason too, as the Texas capital boasts a rich history, strong economy and a unique fusion of cityscape and outdoor space. As the Colorado River winds through the city, it pauses to collect in the form of several man-made lakes.
One of the more interesting aspects of these lakes is the fact that they are not lakes in the traditional sense. Unlike many lakes throughout the country, the lakes around Austin are primarily artificial, most created within the last century by building dams along Texas’ Colorado River. These lakes vary in size, location and use.
Among the most popular are Lake Travis, Lake Austin and Lady Bird Lake. Each has its own unique feel and way of life. Again, this is where knowing what you’re looking for is important, as it can help to narrow down the options.
Lake Travis: Texas’ Most Visited Freshwater Destination
Lake Travis is a highly active and popular lake, great for watersports and other activities. In addition to water and land based recreation, the lake and its surrounding area holds fantastic restaurants and is home to one of the best rated school districts in the area.
Created through the construction of the Mansfield Dam, the lake was intended to hold back flood waters and control the river level. Today, it is a hotspot for people looking to spend time on the water. The lake’s limestone bottom results in crystal clear blue water, a great perk for those who are inclined to take advantage of the lakes canoeing, boating and kayaking.
For more information about Lake Travis, read our featured article about its history, perks and culture.
Lady Bird Lake: An Escape from the City
Some lakes, such as Lady Bird, are perfect for those looking to embrace the natural sights that Austin has to offer. Lining the shoreline are beautifully maintained biking, hiking and walking trails.
Formerly known as “Town Lake,” Lady Bird was renamed in honor of the former first lady, “Lady Bird Johnson.” Today, it provides a peaceful place for Austinites to relax and unwind surrounded by the best of Austin’s natural beauty. As the city prohibits the use of most motorized watercraft, Lady Bird Lake is one of the most serene bodies of water dotting the Lower Colorado River. The lake is also stocked with fish year-round, making it a perfect spot to cast a line waiting for a bite.
The close proximity to the city is also a major perk for people who want to avoid a long commute. Being so close to the city’s center, it provides the best of both worlds—a fusion of urban and natural beauty.
Lake Austin: A Boater’s Paradise
Even though Lady Bird Lake may not permit motorized boats, not far upstream lies Lake Austin, another of the modest-sized lakes on the Colorado River. Here the waterways are almost always active with watercraft, whether for fishing, recreation or just relaxing.
The history of Lake Austin extends to the 1890s, when the first dam was built. Nearly four decades later, a new dam was built. Used for power generation and flood control, Lake Austin remains one of the more popular locations to cool off in the Texas heat.
For even more information about the Austin’s smaller lakes, read our article featuring Lake Austin and Lady Bird Lake!
Settling In: The Next Steps for Leasing in the Austin Area
It’s not hard to understand why Austin’s lakes have such sought after properties. If you think it’s a good fit, you have many options to get yourself into a beautiful home near one of these lakes.
If you are thinking about leasing property in the area, there are some important aspects of the process that you should keep in mind. Due to the heightened popularity of the Austin area lakes, leasing is a fantastic option for both those looking to move into the area, and for people who already own property by these lakes.
If you are the current owner of a home near a lake, it can be a great investment to lease property. Some people choose to lease their homes out for short terms, while others opt to become landlords over a long term in order to generate an extra source of income. With such a robust real estate market, it is important to find a trusted realtor to help with this process. Having support on the more delicate aspects of becoming a lessor can alleviate stress and turn the process into something exciting!
For even more information regarding the leasing process, feel free to take a look at one of our featured articles, Benefits of Using a Realtor to Help Rent Your Property.
To learn more about the beautiful homes available in the area, be sure to contact. I understand that looking for a new home, or leasing your existing one, is a deeply personal process. By being a trusted ally and having your best interests in mind, my overall goal is to ensure that you walk away from your next real estate venture content and satisfied.
Specializing in leasing the most gorgeous properties in the communities surrounding Austin, I can be your best resource for buying or leasing a home. If you’re looking to make a change and have an eye on the greater Austin area, don’t forget to call me at (512)-598-6652.