Tag: lake homes

Deciding Whether Home Repair Warranties Are Worth the Cost

Posted on Nerdwallet (LHR Content Provider)

Say it’s the fifth day of temperatures over 98 degrees in South Carolina during a summer of record heat.

Your air conditioning system has kept you cool through it all — until now. The unit is still spinning, but the air coming out isn’t cool. The temperature in your house starts to climb.

What do you do?

If you are like most people, you Google “AC repair” and start making calls. But you don’t want to pay service fees to three different companies just to come see what the problem is, so getting comparative estimates won’t work.

Besides, the whole family insists they are “dying” from the heat. You quickly pick a company to fix the AC and that’s that.

Once you get through the AC crisis, you start to wonder if maybe you should get home repair warranty insurance. But is it a good deal?

My family has had a home repair warranty on our 28-year-old home for about 10 years. Initially it ran us about $300 a year with a $35 fee per repair visit.

The premium and the visit fee increased every year until recently, when I took the time to shop around and find a better deal. However, even with lower rates, looking at the math over the last 10 years, the numbers alone don’t support the wisdom of that purchase.

So why do I buy a home warranty?

Peace of mind

What the numbers don’t show is the peace of mind the warranty gives me.

When something breaks, the home repair warranty company (let’s call it “Fictional Warranty Co.”) sends a repair company to my house to fix it. I pay $45 each time I schedule a visit, but there is no cost for the rest of the repair.

I don’t think this saves us money on repairs overall, but I like the fact that Fictional Warranty Co. calls a repair firm (“The Repair Shop”) and then monitors how much is charged.

So if my refrigerator breaks, for instance, I am protected from Bob of The Repair Shop trying to inflate the price. Instead of telling me it will be $400, when it’s really only $200, Bob has to report the price to Fictional Warranty.

Fictional Warranty also helps me resolve a situation in which The Repair Shop doesn’t do the work correctly, handling the additional cost and repairs on my behalf.

Appliance and system repairs are rarely necessary at my house, so I don’t have a network of contractors I know and trust. But Fictional Warranty vets the companies for me, manages what is charged, and resolves any problems.

That’s worth the yearly warranty cost to me.

Warranties get mixed reviews

But when I did some research, I found no consensus on whether home warranties are a good idea for older homes (all the sources I read said to avoid them for new homes).

Consumer Reports recommends avoiding warranties because of the hundreds of dollars these contracts can cost.

“It makes much more sense to buy reliable products and maintain them as the manufacturer recommends,” it says. Instead, Consumer Reports suggests placing the money you would have spent on a service contract into a savings account or repair fund.

However, other personal finance experts also point to the added benefit of peace of mind, which can make a home warranty worth the cost for some people. And your personality and risk tolerance will, of course, factor into your decision-making, as will your existing network of repair companies.

From a risk standpoint, if you typically avoid risk, you’ll probably feel more comfortable knowing your maximum out-of-pocket yearly repair costs.

Also, if you don’t know much about appliance repair and don’t know whether to trust the repair companies in your area, you may like having a home warranty.

On the other hand, if you are kind of handy and can do some work on the house yourself, or you are confident you can find service providers you like and trust, you may want to forgo the warranty.

Shop around

If you decide you want a home warranty, shop around and compare options.

Consumer Affairs provides a useful comparison of features, costs and companies that offer home warranties. Call the companies you like and ask for the price of each home visit and the yearly cost.

Then you can buy the warranty of your choice online or over the phone. Revisit your choice each year to make sure you keep getting the best deal.

  *    *    *

Kathryn Hauer is a certified financial planner and fee-only investment advisor with Wilson David Investment Advisors in Aiken, South Carolina. Learn more about Kathryn on NerdWallet’s Ask an Advisor.

This article originally appeared on NerdWallet.

NerdWallet is a Lake Homes Realty / LakeHomes.com content partner providing real estate news and commentary. Its content is produced independently of Lake Homes Realty and LakeHomes.com.

Lake Homes Realty Named One of the Fastest Growing Companies

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Birmingham Business Journal Fast Track 30 sign

For the second year in a row, The Birmingham Business Journal named Lake Homes Realty as one of the fastest growing companies in Birmingham, Alabama.

Lake Homes Realty is a licensed real estate brokerage in multiple states. Current operations are in states across the Southeastern and Southwestern United States. Work is underway for new brokerage operations in other regions of the country.

The company’s popular website www.LakeHomes.com helps lake real estate buyers from all over the country locate lake homes and land to purchase. The website is also popular with sellers, as it helps their property for sale to be found more easily.

Currently LakeHomes.com has real estate listings for more than 44,000 lake homes, lake lots and land.

lake homes realty's Fast Track 30 plaque

The 2016 rankings for fastest growing companies are based on company revenue growth from 2014 to 2015.

Lake Homes Realty was recognized as the eight fastest growing company in Birmingham, matching it’s number eight ranking in the 2015 rankings.

Glenn S. Phillips, Lake Homes Realty’s CEO, shared, “Our team of agents and staff work very hard to create the best possible customer experience. To see our business grow rapidly is a compliment to their hard work and service mentality. And we believe the biggest growth is still ahead of us.”

All of the companies in the rankings were honored at an awards breakfast on Thursday August 25, 2016 at the Harbert Center in downtown Birmingham.

You can read more about this recognition at http://www.bizjournals.com/birmingham/news/2016/08/25/fast-track-30-lake-homes-realty.html  (Note: To see the full article may require a Birmingham Business Journal subscription login.)

Lake Home Parties – Tips for Creating an Unforgettable Experience

Posted on Staff

A fun lake home party is not stressful when you organize, plan and prepare properly. Parties at the lake can create unforgettable memories for family and friend when you plan appropriately.

Prior to Party Prep

Pick a party theme that correlates with the special occasion or time of year. Set a date and time for your guests.

To ensure optimal attendance send out a ‘Save the Date’ message via text, Facebook, and/or email as soon as the date is set.

If you are having a birthday party pick an age appropriate theme that the guests of honor chooses.

If you are having a party for another occasion, do your best to pick a fun, colorful theme that correlates well with the dreamy lifestyle of lake home living.

Lake Home Party

Some parties require games and expensive rental equipment for guests entertainment.

A great lake home party will allow guests to enjoy swimming, boating, skiing, floating, paddling, sunning and any other sports the hosts already own equipment for.

Decoration Preparation

At lake home parties the main goals are spending time together and making memories while soaking in the sun and enjoying aquatic sports.

Keep decorations simple ~ the lake is picturesque enough. Take advantage of the view and let your lake home create the dream party.

Allow the scenery to naturally relax your guests and promote lake life conversations on the wonders of the lake.

Food Preparation

Unless you plan to spend your time maintaining food and refreshment areas be sure to prepare foods that take little to no attention after preparation.

One easy idea is a crock pot full of hot dogs. Simply add water, heat the dogs then turn the slow cooker to the keep warm setting when they are hot. Keep a cooler nearby with condiments for the dogs.

Single serving bags of chips and other easy single serving snacks will not consume your time during the party.

Have a few coolers with a variety of can drinks and make sure there is plenty of bottled water.

Be sure to have paper plates, napkins, plastic utensils and trash cans in a few places to decrease clean up time later.

On the Eve of the Party

Make sure to have everything you need so that you can start preparing for your guest arrival. If you have decorations, start hanging them the night before.

If you are making specialty drinks or foods make them the night before the party so you do not feel rushed the day of.

Do everything you can the night before so that you can spend time being a host to your guests rather than their cook or waitress.

Lake Home Parties Safety

To be sure everyone stays safe while having fun always have enough life vest and other required safety equipment. Lake Homes Realty has numerous safety articles you can read for more information on keeping your guests safe.

And if there’s a chance the party might last through the night, check out our “Lake Home Guests – Invite the Family for Extended Stays and Be Prepared” story for more advice!

Relax, have fun and take a lot of pictures to remember your lake home party fun!

 

Low-Cost Home Security Measures for Lake Homes

Posted on Staff

According to the FBI, property crimes are decreasing – possibly due to better home security. The rate of burglaries in an area drop when people take certain low cost home security precautions.

To ensure that your home security is top-notch, follow these low-cost tricks.

Light Up Your Home

A home that is well lit is harder to maneuver around unseen. Areas with fewer dark hiding spots are less likely be a target for burglars.

Installing motion detectors on the outside of your home deters thieves by giving the idea that someone is home. Additionally, indoor lights can be used as a deterrent when on a timer.

Indoor lights simply plug in to the timers to add an easy, low-cost home security feature.

Keep Your Yard Nice

While you are gone it is important to give an appearance that people are home.

Consider hiring a friend, family member, or company to ensure that your yard is taken care of while you are gone.

Overgrown bushes provide thieves with a place to hide during a burglary. Keeping bushes properly trimmed eliminates such opportunities.

Think About Your Doors

A door that has a handle lock is a very easy mark for a thief with a credit card. They are able to use simple flat objects to break into your home.

Installing a deadbolt lock increases the difficulty of breaking in through the doors. Most deadbolts ensure the use of a key to unlock a door.

Secure the Keys

When going out of town, make sure that you do not leave an emergency key in any obvious location such as fake rocks or under door mats.

For the best homes security do not leave a key hidden outside.

Provide a trusted person with a key while you are gone to check mail and take care of other household chores.

Also consider investing in an electric door lock. These are equipped with keypads on which those wishing to gain entrance to a home must input a code.

Watch the Windows

Windows are the weakest of security points in a home, especially when left open or unlocked. Ensure that all of the windows are closed and locked before you leave.

Covering the windows with curtains keeps others from being able to see inside. When intruders cannot see inventory in the house, they are deterred from breaking in.

Window coverings will also keep them from knowing if someone is really in the home or not.

Hide Expensive Inventory

Put your jewelry box in the closest and hide anything else that is light and valuable. This will decrease the risk of thieves breaking in and finding your valuables.

While these tips decrease your risk of having a break in, it is also necessary to avoid posting your vacation location on social media platforms.

For more information regarding lake home security, check our this previous story, “6 Home Security Tips for Your Lake Home.” 

Top 50 Over 50 Recognizes Lake Homes Realty Management Team

Posted on Staff

Top 50

What do Auburn football coach Gus Malzhan and sportscaster Eli Gold have in common with Lake Homes Realty’s Doris Phillips and Glenn S. Phillips?

They are all among the recently announced 2016 honorees of the Positive Maturity’s Top 50 Over 50.

Past award winners include Alabama football coach Nick Saban, civil rights leader and marketing entrepreneur Shelley Stewart,  meteorologist James Spann and two-time NFL Super Bowl MVP Bart Starr.

Doris Phillips is Lake Homes Realty’s Chief Operating Officer, as well as Director of National Brokerage Operations.

She founded and manages the children-focused non-profit organization The Circle of Love Foundation, which serves thousands of children living in local shelters and rural areas. Doris has been featured in Good Housekeeping Magazine, MyBusiness Magazine, and MSN.com.

Glenn S. Phillips is Lake Homes Realty’s CEO. Glenn is also an adviser to the Auburn University College of Engineering, a board member for Camp ASCCA, speaker and author.

His projects and teams have been nationally recognized for innovation by Harvard University, Auburn University, Microsoft and Dell.

Positive Maturity is an Alabama-based non-profit organization that serves the senior community.

The organization presents this annual award to recognize individuals exhibiting inspiring success in their careers, community involvement or personal lives.

Community impact is important in selection of honorees.

All of the honorees will be recognized at an awards banquet on July 28, 2016 at the Cahaba Grand Conference Center in Alabama. Each honoree is also featured in the July 2016 edition of B-Metro magazine and by the Birmingham Business Journal.

A complete list of all 2016 Top 50 Over 50 honorees can be found at http://www.top50over50.com/2016-recipients

You Might Be a Lake LBJ Local When

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Lake Lyndon B. Johnson (LBJ) is a 6,200-acre, constant-level reservoir located on the Colorado River in the famous Texas Hill Country.

Originally named Lake Granite Shoals, Lake LBJ is just an hour’s drive from Austin, Texas, and is the perfect combination of rural, relaxed lake living and big-city accessibility.

Whether you grew up visiting the lake during the summers, or grew up on the water, you’ll recognize Lake LBJ by these amazing qualities:

At Lake LBJ, Wildlife Lives Next Door 

In the Texas Hill Country, wildlife is abundant.

Fishing, of course, is one of the more popular past times during the spring and summer months. Amateur and skilled anglers from all over the country flock to Lake LBJ for a chance at record-breaking bass and crappie.

Along with its impressive variety of fish species, the area surrounding the lake is populated by a myriad of wildlife including foxes, coyotes, rabbits, and deer.

Because the areas surrounding the lake are made up of incorporated subdivisions, hunting is strictly prohibited, so a wide variety of beautiful wild animals will be among your neighbors.

Celebrity Sightings Are Routine

While it may not be Los Angeles or New York City, Lake LBJ holds its own when it comes to attracting the best and brightest.

Influential businessmen and women from several of the largest cities in the state (and the country) flock to the lake for weekend getaways or for retirement.

In fact, the lake is one of the top three choices for retirement in the United States!

Celebrity actors like Sandra Bullock and Matthew McConaughey as well as a number of professional athletes also love calling Lake LBJ their home.

If you’re lucky, you may see Matthew and his kids driving the boat around Horseshoe Bay.

The Beauty of the Highland Lakes is Unparalleled

Whether the blue from the sparkling expanse of water or a rainbow of Texas wildflowers, you know that stepping outside and gazing at the lake is all the color you will need some days.

Throughout April and May, people travel from far and wide to catch a glimpse of the amazing assortment of wildflowers scattered along the shoreline and surrounding fields.

Every year, visitors are drawn to the vivid colors and unrivaled charm of the Lake LBJ  area, however, you are lucky enough to call it home.

There is No Shortage of Things to Do

Whether a regatta, boat race or the annual Fourth of July Fireworks display, there is always something going on at Lake LBJ.

Aside from the usual lake activities like boating, swimming, sailing, and skiing, Lake LBJ offers a wide array of other opportunities to get outdoors.

During the day, you like to visit Lake LBJ State Park for its top-notch hiking trails. And if you’re feeling adventurous? The state park offers archery clinics, fishing days, conservation workshops and celebrations.

Rich, Texan Culture

One of the most popular lakes in Texas, Lake LBJ is visited by thousands of Texans from all over the state.

Named after the 36th U.S. president, who spent a great deal of his downtime on the lake, this lake brings a touch of Texan (and national) pride to the area.

The lake’s beauty, rich history, and lively atmosphere make a great day at the lake inevitable!

Interested in making Lake LBJ your home? Residents, lake experts, and real estate agents would tell you you’d be surprised at the variety of homes found on Lake LBJ’s 30 miles of shoreline.

Homes on the Lake LBJ market range anywhere from $80,000 to $7,000,000. To get a taste of the real estate diversity on Lake LBJ or browse our 468 listings, visit lakehomes.com or contact lake expert Bruce Jones.

Five Ways You Know You Are From Smith Lake, Alabama

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Lewis Smith Lake, or simply Smith Lake as it is known to locals, is located only one short hour from both Birmingham and Huntsville.

It’s convenient location near Bankhead National Forest gives the body of water a particularly secluded, heavily wooded feel.

A popular, yet peaceful lake, Smith Lake rivals the nation’s most beautiful lakes, thanks to it’s water clarity, stunning shoreline and diverse topography.

While every lake might claim pretty water and scenic views, you know few can compare to Smith.

1. You’ve never been anywhere more beautiful

clear water lewis smith lake, alabama

With many homes perched on picturesque bluffs or nestled among tall trees, Smith Lake is any outdoor photographer’s fantasy.

The lake, fed by the Black Warrior River, is also one of the deepest bodies of water in Alabama, and the western side of the lake borders the 180,000-acre Bankhead National Forest.

So here is a question you always ask your friends: why travel across the country to visit a national park when you can just walk a few steps to one?

2. You drop off mail at William’s Grocery in Arley

william's grocery arley alabama
Photo courtesy of Lakes Online.

The closest post office is located in a tiny grocery store, and you wouldn’t have it any other way.

At Smith Lake, knowing everyone’s name isn’t just a skill, it’s a way of life.

You love the lake for its tight-knit community and small-town feel.

You delight in walking into any convenience store and finding the ice cream right next to the fishing bait.

Everyone knows each other, and the area has a country charm you wouldn’t trade for the world!

3.You know exactly where Three Fingers and The Smith Lake Castle are

One of the best parts about Smith Lake? Its many quirky landmarks and characteristics you won’t find any where else.

Three Fingers Rock, a popular rock formation, dares only the bravest jumpers to plunge 35 or 40 feet into the deep water below.

lewis smith lake castle home lake house for sale mr. smith lake justin dyar

Lewis Smith Lake is also home to “The Smith Lake Castle,” a 5,500-square-foot mansion resembling a centuries-old country estate in England.

When your friends climb on the boat, you’re always excited to showcase the personality and character of the lake.

4. You can see your toes in the water

Photo courtesy of Wikimedia

Smith Lake is known to be the second-cleanest lake in the United States, behind only Lake Tahoe in Sierra Nevada.

Lose something in the shallow water? No problem.

What better feeling than to know the water in your lake is always pristine?

5. Holidays are the perfect excuse to kick back, relax and spend time with loved ones.

You know you’re a local when you’ve gathered with your loved ones in Smith Lake Park to watch Fourth of July fireworks.

At the lake, you know that whether it’s National Pancake Day or Memorial Day, you have the perfect excuse to take the day off and spend it on the water.

enjoy the view perfect vacation spot 4th of july

Ask any local and they will tell you that the best part about living on Smith Lake is the stunning, natural beauty of the area.

There is nothing quite like waking up and looking out your window to 21,200 acres of sparkling water.

With 958 listings around the lake, Lake Homes Realty is the best source for lake information and diverse listings for BOTH buyers and sellers.

For more information, visit http://www.lakehomes.com/ or contact Mr. Smith Lake, Justin Dyar.

7 Remarkable Lake Homes You Can Buy Today

Posted on Staff

Some of the remarkable lake homes on this list are giant and luxurious while others are tiny (No really, we have a “tiny” lake house for sale), but all of them have unique qualities that make them stand-out properties for buyers.

1.    Have Your Own Peninsula on Lake Murray

Lake Murray Lake Home

Lake Murray Peninsula Home Master Bath
Lake Murray Peninsula Home Master Bath

A lake house on its own peninsula that has a huge rock staircase that goes right into the lake?

Lake Murray lake home water view
Lake Murray lake home water view

Believe it or not, this Lake Murray lake home with six bedrooms, six full baths, and two half-baths, has water on three sides.

It also features a master bath that

Lake Murray Elysium Front View
Lake Murray Elysium Front View

extends the full width of the house, as well as a Gunite pool.

Check out the photos and see all the crazy stuff this house has to offer for only $1,900,000.

Tiny House on Center Hill Lake
Tiny House on Center Hill Lake

2.    Tiny Lake Home For Under $200,000 In Tennessee

Think you can’t afford a lake house? This tiny lake home on Center Hill Lake might prove you wrong. For under $200,000, you can have this 1-bedroom, 1-bath Tennessee lake home with a humongous deck and gorgeous lake views.

3.    Elysium at Lake Murray

This home lives up to its fascinating name. Elysium has five bedrooms, four baths, and almost 5,000 square feet of luxurious living space. One thing that makes this South Carolina lake house particularly desirable is its construction. According to Doug Geisler of Lake Homes Realty, “[Elysium] is the most solidly constructed home I have ever put my feet in. You won’t hear a single squeak as you walk its floors or up its stairs. It is quite amazing.”

Lake Home

4.    Log Cabin Paradise on Cherokee Lake

Cherokee Lake real estate doesn’t get better than this! For only $695,000, this gorgeous lake home has five bedrooms, 4.5 baths, five garages, and a unique elevated tower with two levels of windows.  Four balconies and decks all face the lake and the 400 feet of dockable waterfront shoreline on this 2-acre lot. There are also multiple fireplaces, custom carvings, and stained glass windows in this amazing house.

Video of Cherokee Lake Home

Log Cabin at Cherokee Hill
Log Cabin at Cherokee Hill

Living Room in Cherokee Lake Log Cabin
Living Room in Cherokee Lake Log Cabin

5.    “The Castle” at Lewis Smith Lake

With its impressive size and high rock walls, this Smith Lake lake home is affectionately known as “Smith Lake Castle.” Located on 18 acres overlooking the main channel, this four-bedroom, 3.5-bath home is one of the most interesting properties you will ever see anywhere.

For starters, the master suite covers an entire floor. There is extensive custom tile work, a gourmet kitchen, a beautiful solarium, and dozens of windows. If that’s not enough, there is also a workshop with a five-car garage.

Water View of Smith Lake Castle
Water View of Smith Lake Castle

Aerial View of the Smith Lake Castle
Aerial View of the Smith Lake Castle

Smith Lake Castle Workshop and Garage

 6.    Off the Grid on Norris Lake

This romantic lakefront home is located on Norris Lake about 50 miles from Knoxville, Tenn. What makes this three-bedroom, three-bath lake home special is the state-of-the-art wood stove that delivers high-efficiency heat, and its unique lake-drawn water system. A wonderful bonus is the home’s convenient proximity to a 24,000-acre wildlife management area.

Norris Lake Front View of Lake Home
Norris Lake Front View of Lake Home

Norris Lake Dinning View Over the Lake
Norris Lake Dinning View Over the Lake

7.    Stunning Lake Sinclair Lake Home for Under $600,000

This property stands out in almost every way. Landscaped grounds will make you feel like you are in Augusta, Georgia, instead of at Lake Sinclair. A gazebo-style screened dining room, and full-size lakefront deck that spans the main level, will give you perfect waterfront views whether your family is enjoying a leisure dinner or afternoon drinks. An outdoor kitchen, outdoor stacked-stone fireplace, in-ground saltwater heated spa, and surround-sound speakers inside and out will make sure you never want to leave! This gorgeous home has everything you could ask for in a lake house.

Lakeside Lawn

Screened in Dining Room

Lake Sinclair Outdoor Fireplace
Lake Sinclair Outdoor Fireplace

6 Reasons We Prefer a Lake Home to a Beach House

Posted on Staff
Lake House VS Beach house what is the best for me | Lake Homes Realty

There are cat people and there are dog people. Chocolate or vanilla? Lake home or beach house? When it comes down to it, there is no right or wrong answer, but here are six reasons why we prefer a lake home to a beach house!

Reason #1: Sand

Sand. Sand everywhere.

If you spend time out on the beach, prepare to bring pounds of it back home with you.

You can rest assured that the hard-to-clean-up substance will end up in your shoes, your car, all around the house, and even in the bed.

Oh, and that’s without even mentioning sand spurs or sand gnats/flies!

Reason #2: Salt Water

Some may prefer the saltwater to the freshwater, but it’s nice to be able to look around underwater unaided by goggles and without burning your eyes.

Reason #3: Sharks

While not a completely rational fear, there is a percentage of the population who is afraid of sharks.

If that’s the case, come on over to the lake.

There are no freshwater sharks, with the exception of the bull shark, which can travel up rivers but generally stays near the coast.

Not to mention, there is no way for a bull shark to get over a man-made dam which almost all lakes of size are created by.

Reason #4: Rope Swings/Cliff Faces

Beaches do not offer trees, nor does it offer a “deep area” where someone can just jump in the water from some height.

You are forced to wade into the shallow water until it gradually gets deeper.

On the other hand, lakes can be hundreds of feet deep right at the edge of the shoreline. This provides ample opportunity for cliff jumping, launching from a rope swing, or perfecting your dive!

Reason #5: Docks

A large portion of lakeside properties includes a private dock or the ability to construct one, whereas many beach homes do not.

Similar to reason 4, this can provide a platform to dive into the water, even from as high as 25 feet if you have a double-decker dock.

In addition to diving, the dock provides an excellent platform to fish from, and many species of fish will naturally take cover in the water under the dock.

It’s also the perfect place to relax or hang out.

You can grill out, sunbathe, read a book, or whatever you’d like, all the while enjoying the sounds and scenery of being right on the lake.

Reason #6: Cost/Availability

While both freshwater and coastal shorelines can only provide a finite amount of real estate, there are actually many more miles of lake shoreline than coastal.

In fact, there are more lake shoreline miles in the state of Alabama than there are coastline miles on the entire Atlantic Coast and Gulf of Mexico (in the U.S.) combined.

What does this boil down to? Supply and demand.

Both properties are more costly than your average primary home, but there is a much larger supply of lake property, making it a lower price point in many instances.

At the end of the day, both lake and beach properties make for fantastic getaways. And though we may be a little bit biased, there are pros and cons to each location.

We just choose to head to the lake.

Do you prefer the lake? If so let us know why in the comments below!