Lake Homes Realty Market Report

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Lake Homes Realty announces the 2017 Winter Lake Market Report covering nine states and over 300 lakes through the Southeast and Southwest United States. The states included are Alabama, Arkansas, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia.

Our latest market report is packed with 45 pages of comprehensive lake information of lake homes and land for sale including:

  • Biggest total lake markets, biggest home markets, and biggest land markets overall and by state;
  • Most expensive and most affordable home averages by lake;
  • Most listings, home listings, and land listings by lake;
  • Most expensive and most affordable land per acre by lake.

Enhancements to the lake market report include a two-page infographic of data for each state that includes:

  • A price range breakdown of key lakes;
  • “Hidden Gem” lakes that you may not be as familiar with;
  • A map of the current inventory of million-dollar homes;
  • The Top 10 most expensive lake zip code by state;
  • A consumer profile of the typical lake home prospect;
  • The top metropolitan markets from outside each state who use to shop for lake property.

What can buyers gain from the report?

  • Finding an affordable lake home can be a challenge. Our report helps buyers understand how lakes compare statewide and regionally by price, which lakes have the most affordable homes or land, and which lakes have the most homes in your target price range.
  • Imagine trying to find land to build your dream home. Our report can point you to markets that have the most land and tell you how the prices compare.

What can sellers gain from the report?

  • Buyers are shopping more than your lake. Our report will help sellers understand how your lake compares to other lakes around you.
  • Knowing how many homes are around the same price range as your home is key when pricing your home.
  • What are home and land prices like at your lake? Our report can help you price your home or land better leading to a quicker sale.


Outdoor Renovations? Think Budget and Scope

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Outdoor renovationsMany homeowners view their outdoor spaces as their own personal oases, places where they can relax, dine and spend time with their friends and loved ones. In light of this, it makes sense that homeowners consider investing in major features that will transform their outdoor areas into additional living spaces.

Like any home-renovation project, however, outdoor renovations can easily get out of control if you don’t have a good handle on how much things will cost, what your goals are and whether you’re doing the work yourself or need professional help.

Before you dive into an outdoor improvement, take these key considerations into account to help you stay on budget and ensure that your project is successful.

Match plan to budget

One of the key factors in the success of any outdoor project is determining a realistic budget long before you put shovel to topsoil. Only once you’ve decided what you’re comfortable spending can you define the scope of your project.

The 2016 Houzz Landscaping & Garden Trends Study, conducted among registered users of the residential remodeling website, found that 88% of respondents had done or planned to do substantial renovations or complete overhauls, while only 12% had done or planned to do minor updates. Knowing the scope of your plans in the beginning will help you get a basic sense of what the project will cost you.

In the Houzz study, 9 out of 10 homeowners working on minor updates spent or planned to spend less than $5,000, but substantial updates called for bigger budgets — more than 2 in 5 homeowners working on a complete overhaul spent or planned to spend $20,000 or more.

Having a general understanding of the projects that are most popular among outdoor renovators can also be helpful as you develop your budget and scope. Across all outdoor projects reported in the study, many homeowners were updating outdoor systems such as irrigation and lighting (82%), beds and borders (80%), and structural elements such as patios, terraces and gazebos (72%).

The costs of these projects vary significantly based on a number of factors, such as project nature, scope and professional involvement. For example, while most standard outdoor systems such as irrigation or lighting in medium to small yards can be upgraded for less than $2,000, updates to beds and borders can range from a few hundred to thousands of dollars. Renovation of outdoor structures is typically quite expensive and can easily start at a few thousand dollars and go up based on the type of structure and the extent of upgrades.

Pick your priorities

The next key factor to consider: What are you trying to accomplish with your renovation?

If outdoor living is top of your mind, you might concentrate on adding outdoor furniture, a fire pit or cooking features to enhance comfort. If a low-maintenance space is a top priority, you might focus on adding plants that require little care and are resistant to cold, drought and wildlife.

When it comes to design, outdoor renovators most valued one that complements the style of their home (46%), promotes outdoor living (45%) and is stylish and beautiful (43%).

In terms of function, a space that’s easy to maintain ranked highest for homeowners (80%), followed by an area suitable for group gatherings and entertainment (49%).

Beyond creating an outdoor space that is aesthetically pleasing and easy to spend time in, many homeowners tackled specific challenges during their projects. Top issues included drainage troubles, lack of privacy, and drought or water shortages. Identifying your outdoor pet peeves or pressing concerns should make it easier to set project scope and budget. This will help you avoid project-scope creep.

Hiring a professional

More than half of outdoor upgraders in the Houzz study hired a landscape contractor or landscape architect/designer (52%) to help them bring their vision to life — and for good reason. Landscaping professionals can open your eyes to a wide variety of options for your space that you might not be aware of, provide guidance for staying on schedule and budget, and tackle projects for which specialized skills are particularly beneficial. Certain projects also require the hiring of licensed professionals to comply with local regulations.

Once you determine your budget, scope and top priorities, consider meeting with a professional for an initial consultation to discuss what you have in mind for your project. Finding the right landscape contractor or landscape architect can make an entire project come alive. You may be surprised at how reasonable the professionals’ fees are compared with their contributions to the project and the quality of the final outcome.

An outdoor makeover can make an enormous difference in how you and your family enjoy your time at home. In fact, after the completion of their outdoor project, 75% of homeowners reported resting and relaxing more often in their yards, 64% did more gardening, and 55% entertained more frequently in their outdoor areas. Keeping these tips in mind will help ensure that you not only complete your project without damaging your finances but also achieve an ideal outdoor space that you and your family will enjoy for years to come.

Nino Sitchinava is principal economist at Houzz, a residential remodeling and design platform and community.

This article originally appeared on NerdWallet.


Lake Homes Realty Crosses Mason-Dixon Line, Expands to Pennsylvania and Maryland

January 31, 2017

Lake Homes Realty is now licensed as a real estate brokerage in Maryland and Pennsylvania. This expands the company’s brokerage operations to eleven states. The expansion into Pennsylvania marks the first company operations north of the Mason-Dixon Line. The firm’s prior state brokerage operations have been located in the southeast and southwest regions of the U.S. […]

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Repairing a Hole in Drywall

January 6, 2017

Holes in drywall can be repaired fairly easy with a minimal amount of equipment and work. Most homeowners can accomplish this with just a few tools. Drywall is also referred to as plasterboard, wallboard, or sheetrock. In order to repair and conceal the drywall holes of different sizes, just follow the steps in this article. […]

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How Energy Efficient Upgrades can Increase Your Home’s Value

December 28, 2016

Energy efficiency upgrades can not only shrink your utility bill; they can also increase the value of your home. Homebuyers are becoming increasingly aware of the benefits of energy-efficient homes. In fact, they’re often willing to pay more for homes with “green” upgrades, says Sandra Adomatis, a specialist in green valuation with Adomatis Appraisal Service […]

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Tips for Celebrating Christmas on the Lake

December 16, 2016

Families everywhere are planning for the holiday season. If you own a lake home, it can be a beautiful Christmas getaway for you, your friends and your loved ones. Whether your family celebrates Christmas, Hanukkah, or any other holiday, here are some tips to help you get ready for a fun, relaxing holiday at your lake home. […]

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Lake Homes Realty now licensed in Maryland for Real Estate Brokerage Services

November 22, 2016

Lake Homes Realty is excited to announce the company is now licensed by the State of Maryland as full service real estate brokerage. Maryland is the company’s tenth state for brokerage operations, and the third new state to open operations this year. As with prior states, Lake Homes Realty will primarily focus on lake real estate. This […]

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Luke Anthony joins Lake Homes Realty Team

November 2, 2016

Birmingham communications professional Luke Anthony has joined Lake Homes Realty as Senior Communications Specialist. Luke has worked in the Birmingham communications industry since 2003, after getting a bachelor’s in Advertising from the University of Alabama. He has worked in advertising and internal communications, with a strong emphasis on copywriting and digital media. He most recently […]

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Lakefront Property: What Are Your Options When Buying at the Lake?

October 5, 2016

When considering the purchase of lake property, many potential buyers assume lakefront is their best option. But for many buyers, there are other options to consider, specifically lake-view and lake-access properties. Lakefront property, of course, includes shoreline as part of the property, while lake-view property is within sight of the water but doesn’t include shoreline. […]

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Lake Homes Realty Fall Lake Real Estate Report Released!

September 28, 2016

    Download or print a copy of the Lake Homes Realty Fall report. Our report covers 9 states and over 300 lakes and is the most comprehensive look at lake real estate available. If you are buying a lake home, selling a lake home, or reporting on lake real estate, this report will help […]

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