Location, Location, Location – Oakland County Lake home buying tips

All real estate depends on location and it is the same way with Oakland County Lake homes.  If you buy on a busy street your house will be worth less… it is the same with a lake home.    There are Lake homes that sit on M-59, Elizabeth Lake Rd,  Middlebelt, and many other busy streets.  It is harder to park, harder to pull out of, and of course the road noise.  When you buy a home on an Oakland County Lake you are looking to relax.  So if you hear road noise it can be distracting from the lake.  Now I’m not saying it is bad to buy a lake home on a busy road, but it is going to be harder to sell.  Don’t pay top dollar for a lake home on a busy road because you should be getting a discount on the house because of the road.  It may be a fantastic house on a busy road, if you like it then buy it.  If it is a great deal and you love it, then buy it.  There are many lake homes on busy roads.  Home owners have lived in them and love their houses.  To them they don’t notice it.  So just realize that the home should be discounted if it is on a busy road.

Metro Detroit Lake front homes

It is same with cities.  A West Bloomfield Lake home will always be more expensive that say a Waterford,  or Highland Lake homes.  The prestige of the city coupled with what type of school system they have will determine what you can get in certain cities.  You can buy a bigger, or a home that has more amenities and is in better condition in Waterford than a  lake home in West Bloomfield.  You could easily add $50,000 to $200,000 onto a  lake house in Waterford in order to get the same house in West Bloomfield or Lake Angelus.  West Bloomfield Lakefront homes and Lake Angelus properties will cost you more.

It boils down to the demographics of the area, the school systems, and the desirability of the city.  The better the schools, the city the more the Oakland County lake home is going to cost you.  So the bottom line is what is your budget?  What can you get for your dollars?  What is more important when buying your Oakland County Lakefront home?  Is it schools, or is it the home, or the type of the lake?  Your budget may determine what you can afford in what city.  But if you have resale in mind remember location, location is important.

Ask your realtor to tell you what type of lake front houses you can afford.  So many times lake home buyers in Oakland County will bring me a dream sheet.  The problem is that there are no Oakland County lakefront homes that fit their criteria in the city they want.  The buyer is dreaming.  I had a guy call me for a lakefront land contract home or a rental for a $800 a month.   You aren’t going to find it.  So ask your lakefront realtor upfront whether it is possible to find what you are looking for.  Will it be a long shot?  Is it possible to find?  Or are you dreaming?  Being realistic from the start of your search will help you find your dream Oakland County lakefront home.

I hope this Oakland County Lake home buying tip makes your search easier.

Russ Ravary

(313)310-9855

Russ Ravary Oakland County lakefront realtor

Your Metro Detroit lakefront realtor

 

Oakland County lakefront home real estate investing can be very tough and stressful.  It is not always to buy and flip lake homes.  It is very important that you know the costs of improving a lake home and even more important is knowing what a Southeastern Michigan lake home will sell for once it is completed.

If you are looking to find a lake foreclosure or a home that is brand new to the market it is very important to get lake front home listings emailed to you as they come on the market.  Join my Oakland County Lakefront VIP club and get listings that meet your criteria emailed to you daily so you don’t miss out on lake foreclosures.  You don’t want to miss your dream home.  You will be able to search Metro Detroit lake listings whenever you want.  If you would like my monthly lake front news letter send me an email to yesmyrealtor@gmail.com  It is full of lake buying and selling tips, a highlighted lake, new lake listings, and lots of great lake information.

For more Southeastern Michigan home buyer tips  you can visit one of my websites.  It is full of buyer and seller articles on how to sell a home.  You can search lake homes or any home in Southeastern Michigan.  There will be foreclosures and the latest home listings so you will not miss out on the best deals.   Some of my other websites are Plymouth MI real estate where you can find the latest Wayne, Oakland, and Livingston County real estate

Are you looking for an Elkhorn Lake Waterfront Properties or does a Fiddle Lake home in Waterford Township make more sense to you and your family.  If you are looking to sell Lakefront Homes for Sale Fish Lake Rose Township Michigan we have helped many lake home sellers get top dollar for their waterfront property.  So when you are ready to make your next move give us a call on your cell (248) 310-6239.

 

 

 

 

 

 

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Phone: (313) 310-9855 | Email: yesmyrealtor@gmail.com