Is Lakefront Property a Good Investment?

The short answer is yes. Lakefront homes offer a plethora of benefits, from improving health to providing profitable financial opportunities. Whether you’re looking for a place to get away or a sound real estate investment, Wenatchee, WA real estate has something for everyone.

Here are the top reasons why investing in a lakefront property is a brilliant idea:

Excellent appreciation value

Properties found by the lake have higher intrinsic value because of the view, access to the water, and the added privacy. These property types don’t depreciate at the same rate as your standard inland properties. This is because there’s always demand and a limited supply of homes near the water.

The scarcity of lakefront properties also explains the higher value written on their price tags. Because waterfront homes are considered a niche market, they don’t follow the trends that are applicable to the traditional housing market. If you want to sell your lakefront home in the future, you can expect a significant return.

Moreover, not even pandemics or economic downturns can extremely affect a waterfront home’s value. This proves its stability and resilience in any kind of market climate.

Rental property potential

If you’re buying a waterfront property as a vacation home, why not turn it into a rental property? Homes by the water have excellent rental potential. Turning it into a part-time rental property can also help cover the cost and maintenance of your lakefront home.

Lake homes are a sought-after destination for many vacationers. You won’t have to look too far to find guests willing to rent it out for a couple of days in a year. Self-rental apps and websites like Airbnb have made it easier to put your property up for rent.

Improves physical health and mental wellbeing

Living by the water has plenty of health benefits. The cleaner air and peaceful ambiance help keep the mind and body relaxed. Lowered stress also leads to a boost in your immune system. This is particularly important to have now while everyone is still grappling with this COVID-19 pandemic.

Being away from the noise of the city also improves your quality of sleep so that you can become more active and well-rested during the day.

Access to outdoor recreation

You won’t have to go far for an outdoor adventure with a gorgeous lake just a stone’s throw away. With a lakefront home, you’ll have access to your favorite water activities anytime you want. Enjoy a dip in the lake or go jet skiing with friends and family. Go fishing to your heart’s content and boat around the open waters.

Having easy access to the lake to engage in water-related activities also encourages people to stay in shape. Your overall health will surely benefit from a great environment that contributes to an active lifestyle, .

Great community

Buying a lakefront property means buying the lifestyle that comes with it. Live in a waterfront community and be surrounded by people with similar interests. Neighborhoods like these offer a hospitable environment. Some of these communities even hold events to help foster relationships among residents.

Explore lakefront properties in Wenatchee, WA real estate today! Get in touch with the most trusted real estate professionals in the area, Coldwell Banker Cascade Real Estate. Call 509.888.8887 or send an email to info(at)cbcascade(dotted)com.