Is a Lake House a Good Investment?

Whether you’re looking to move house or invest in a second home, lakefront property can be an exciting possibility. Imagine waking up far away from the din of city life – but close enough to town that you can still commute. Living on the lake is a fantastic way to connect with nature, reduce your stress levels, and even line your pockets.

Today, in honor of our partnership with Fanning Bend at Tims Ford Lake, we’ll discuss everything you need to know before building a home on the water. We’ll also answer that age-old question: Is a lake house a good investment? Read on to find out.

What are the Advantages of Living Near Water?

There are a host of benefits to living on the lake. First, you get to feel like you’re on an extended vacation, 24/7. Returning from a busy workday is even more appealing when you can look forward to a porch view and gently lapping waves.

You’re also in the best place for recreational fun. Whether you’re an avid kayaker or someone looking for a fun outlet for the little ones, you’ll enjoy a wide variety of outdoor activities for the whole family.

If you purchase a lake house, be prepared for company! Your friends and family will undoubtedly want to spend their share of weekends at your new aquatic abode. Guests will love the beautiful views and instant entertainment offered by a house on the water – especially if you’re somewhere stunning like Tims Ford Lake.

What to Consider When Building a Lake House

Building or buying any home requires a lot of forethought. The water adds a few more factors that you should consider. Here are some of our top recommendations for those looking to make that move.

Be Sure Your Home is Well Built

All homes should be safe and sturdy, and lake houses are no exception. For whatever reason, many people hold waterfront or second properties to a lower standard. We believe your home should always be able to withstand the weather, which means it should be suitably insulated and structurally secure. Always hire a home inspector to confirm that everything is ship-shape.

Your Lake House Can Be Modern

When you think of a lake house, you might imagine a primitive cabin, rickety dock, and secondhand furniture. That isn’t the only option anymore! For example, our homes at Fanning Bend feature over 3,000 square feet of living space, complete with quartz countertops, beautiful hardwood floors, and high ceilings. We’ve crafted lake houses with floor-to-ceiling windows that give you a view of nature from all angles. Dare to dream big when it comes to your home’s aesthetics!

How Do You Access the Water?

When you live on the lake, the littlest things can make or break your day-to-day experience. One of the most crucial factors to consider is your access to the water. Our community provides each home with a private slip in one of our communal docks while others make boat access a struggle. Depending on the size of the lake, you may be a long way from the closest marina! Be sure you know where you’ll house your vessel before signing any paperwork.

Learn About Your Lake

In Tennessee, we have a wide variety of lakes, and each one is different. You don’t want to find out after the fact that your dream home sits on a body of water that you dislike. Do some research on each place you’re considering. Here are some good questions to ask yourself:

  • Is the bottom muddy, sandy, or rocky? How about the shore?
  • What animals live on and in the lake?
  • How close are you to major cities like Nashville?
  • What recreational activities are allowed and available?
  • Does the water level fluctuate a lot? Is it liable to flood?
  • Is your home a comfortable distance from the shoreline?
  • Are there any local ordinances that could impact your experience?
  • Is the lake stocked with fish?
  • Exactly how busy is the busy season?

Look for Amenities

Not all lake communities are created equal. Some of them come with specific restrictions on the types of boats, fishing, and sports allowed in the water. When you’re on the hunt for a new home, be sure you get to the bottom of the local regulations and amenities. We understand how important this is to residents, which is why Fanning Bend includes the Gathering Point Clubhouse. That building houses a private pool, multiple entertainment spaces, lounges warmed by wood-burning fireplaces, and scenic outdoor patios.

So, Is a Lake House a Good Investment?

Yes, if your home is in a good area and is well built, lakefront property is an excellent investment! Sky-high demand and limited supply mean that your lake house will most likely appreciate in value during your ownership. However, we’re sure that once you move in, you probably won’t be in a hurry to resell. There are so many reasons to take up permanent residence on the lake; that’s why we’ve carefully crafted a community in the heart of Tennessee.

Fanning Bend: Homes for Sale by Tims Ford Lake

Legacy South presents Fanning Bend: a Tims Ford Lake neighborhood offering the perfect blend of privacy, nature, and community. Our homes are ideal for those who have an affinity for modern construction and the great outdoors. Enjoy everything from water sports to hiking at this spring-fed lake beneath the Cumberland Plateau mountains.

Contact the Legacy South Brokerage Team for more information about handcrafted homes in our latest lakefront haven.

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