Owning a beautiful piece of property away from the city feels pretty fantastic. It provides you a home away from the hustle and bustle and loud car alarms of city life and instead offers a quiet, relaxing moment to yourself and your loved ones. With the economy the way it is and has been, however, investing in recreational real estate might seem like a laughable idea. Summer homes and lake houses are the iconic vision of the idyllic family refuge, but don’t think for a second that these are completely sound financial investments. This being said, there will always be a demand for vacations with the kids and once the kids are grown, that vacation space might well become your retirement home. So if you love the lifestyle and you know this is a decision that will not only be an investment for your future but also your wellbeing, consider these few things when planning to purchase a piece of recreational real estate.
Location, Location, Location
If buying realty that is strictly for pleasure and relaxation is something you have your heart set on, the first question you need to ask yourself is “what kind of lifestyle speaks to me the loudest?” When we think “summer home,” many of us envision a lake home or a quaint little cabin in the woods. These kinds of vacation homes are often a long commute away from our lives. But a lake cabin with topnotch amenities might not be as far away as you think. Glennifer Lake might seem quaint, and that’s because in a lot of aspects it is, but it’s also a valuable investment for those who appreciate a challenging game of golf, a private beach or a day of boating on the lake. One highlight of this little patch of heaven is it’s also quite close to home in central Alberta, boasting less than a two-hour commute from most major cities. Glennifer Lake holds the atmosphere of quiet family getaways without sacrificing long hours spent in the car or eating into time better spent on relaxation activities.
Value of your property
One thing to also keep in mind is the value of the property you want to purchase. As wonderful as it would be to buy a mountain top ski resort cabin, is it worth killing yourself and your finances over? Other purchasers offer advice to stay within your economic means without sacrificing that relaxing lifestyle, the biggest piece of advice being don’t stress yourself silly over a piece of property you’re trying to relax at. With all this in mind, purchasing property that is both beautiful while also being economically feasible doesn’t have to be a losing game. The value of a property is what you make of it. Obviously there are some exceptions to this rule, but if the property is taken care of, is surrounding by quality amenities and a community oriented local feel, there aren’t too many ways you can go wrong. Investing in yourself and your children with a good summer lake home is priceless, the memories and adventures had don’t have a price tag.
