You’ve decided to finally buy that lake home you’ve always wanted. The only issue is that you don’t know how to go about it. How do you navigate this market? What goes into buying a lake home? Well, now there is no need to stress over these issues. Lake Homes Realty’s CEO, Glenn Phillips, goes over how you can buy a lake home like a pro!
Investor or “I Want What I Want”: What is your mindset going into the buying process? If you’re thinking like an investor, you’re more likely to think of things like ROI. Thinking as an investor or in the sense of making money will bring in different values during buying. On the other end, you might have an idea of exactly what you want. These 2 different spectrums are ways that you can approach this financial aspect of buying.
Know Your “Number”: Before going into anything, you should know what you’re willing to spend. Being comfortable knowing what number you’re wanting to spend will help alleviate future issues. People who buy off emotion or do not give a lot of thought can lead to feelings of regret.
Use a Lake Expert Agent: Having an agent who knows the market, the area, the lake, etc. is more valuable than you know. These agents know the nuances of the lake homes in their area. If you don’t already have a lake expert agent, check out someone from LakeHomes.com. They are some of the best out there and would love to help!
Do the Due Diligence: Things such as getting surveys and home inspections—all these things you might think you can pass on, you can’t. Not doing your due diligence can lead to mistakes, issues, and a plethora of other unwanted things.
Keep Options Open: You’re allowed things you won’t budge on. However, you need to keep the options open because something could come up.
Buying a lake home like a pro doesn’t need to be a stressful or difficult task. The biggest thing to remember is these 5 points. If you follow these, it will make your experience play out a lot smoother. Don’t forget to check out the list of agents at LakeHomes.com/agents who are ready to help you!
The lake real estate market is an interesting one. Unlike your typical market for real estate, this market is more niche. You also might be wondering if it is a market for sellers or buyers. Questions like these are very typical when it comes to this market specifically. Luckily, Lake Homes Realty’s CEO, Glenn Phillips, has the answer to this question.
Seller’s Market: Command Higher Prices – Typically, a seller’s market means that the seller can command this higher price. When this occurs, there is usually limited inventory and a high volume of buyers. With this type of market, the seller has more of an advantage.
Buyer’s Market: More Options – Opposite of the seller’s market, the buyer’s market has fewer people looking. During this time, a lot of sellers are wanting to appeal to the buyer. When this type of market happens, the buyer has the ability to offer a lower price with more options.
Pricing: Supply and Demand – The main factor in determining which market we’re in comes down to supply and demand. Is there a higher number of houses with fewer buyers, or less inventory and more buyers? In more recent years, there has been a decline in inventory. This was around the Covid-19 years, which created a seller’s market. Things have begun to change due to less demand. That’s not to say it isn’t still there; it’s just not like the frenzy that it once was.
Increase in Inventory (Sort of) – In the past couple of months, there has been an increase in lake real estate and primary residential real estate.
“Phantom” Inventory – There are still sellers today who think we’re in a strong seller’s market. This has caused them to overprice their homes, leading to the homes sitting on the market.
“Stalemate” Market – We’re not technically in one market or the other, more so this “stalemate” market. This ultimately means there’s an equilibrium between supply and demand.
It all boils down to: which market are we still in? Truth be told, neither. We’re in an area where the sellers can have a little bit of an advantage if they price their homes appropriately. If you’re still curious about the market or have other real estate questions, head over to LakeHomes.com. You’re bound to find an agent in your area who is happy to help out.
The Fourth of July is synonymous with fireworks, barbecues, and lakeside fun. As temperatures soar, keeping cool and refreshed becomes essential to your holiday enjoyment. Enter the big-batch party punch—a vibrant, flavorful libation that quenches your thirst while bringing a summery flair to your backyard barbecue. Whether you’re hosting a large gathering or a small family get-together, these punch recipes will be the life of the party.
Each concoction offers a medley of fresh fruits, zesty citrus, and aromatic herbs, ensuring a burst of summer flavor in every sip. Plus, these versatile recipes allow you the freedom to include or omit the alcohol, so there’s something for everyone to enjoy. So, this year, why not add some punch to your Fourth of July festivities with these invigorating recipes that will elevate the fun and keep guests comfortably chilled.
Nothing says Fourth of July quite like the cool, refreshing sweetness of watermelon. The iconic fruit of summer, it’s an all-American essential at your barbecue, whether you’re enjoying the lake life or grilling at the beach with friends and family. This patriotic big-batch punch blends some of summer’s best flavors—watermelon, fresh lime, and chilled pineapple juice—with the zing of grated fresh ginger and your choice of vodka, rum, or tequila.
The secret is letting it sit after blending and straining, allowing the flavors to mingle. Omit the alcohol and make a batch for the kids’ table and non-drinking guests. Make it memorable and serve with colorful cups, straws, and party favors. It’s the perfect thirst quencher for sweltering summer heat and tastes even better when you sip it dockside with your toes in the water. Visit Southern Living for the full recipe. Cheers!
For a blast from the past, whip up a batch of this electric blue concoction for your Fourth of July barbecue. Made with—you guessed it—Blue Hawaiian Punch, pineapple juice, coconut rum, and vodka, this eye-candy cocktail can’t help but get the party started! You can even use blue raspberry Kool-Aid for an authentic throwback flavor from childhood. To celebrate in style, garnish with Maraschino cherries for a pop of firecracker red. You can make this 24 hours ahead and add the ice when ready to serve. Any liquor brand will do, and you can even invent your own interpretations without alcohol or other Hawaiian punch flavors. Visit Crazy For Crust for this deliciously easy recipe.
Celebrate the red, white, and blue with a family-friendly Firecracker Punch. This festive party punch takes your holiday barbecue bash to the next level, with all-natural ingredients and no blue tongue! A tart and sweet libation made with freeze-dried strawberries, freeze-dried raspberries, and lemonade, this patriotic punch gets a fizzy kick of effervescence with nonalcoholic ginger beer. Serve over ice and garnish with frozen, fresh blueberries and lemon slices. For guests who prefer a spiked punch, simply splash with gin or vodka. Click here for the complete recipe.
Fans of the ever-popular Negroni cocktail will savor this bubbly Fourth of July rendition called the Negroni Sbagliato. Perfect for a crowd, you can mix this up ahead of time in a punch bowl using a combination of Campari and sweet vermouth. Before serving, add ice and sliced oranges or other seasonal fruit, and finish with a spritzy prosecco for an effervescent bittersweet refresher. You can even dust your concoction with grated cinnamon for a kick of summer spice. Visit Liquor for the recipe.
Festive and fit for a crowd, this red sangria serves up a flavor burst of wine and fresh fruit over ice. An all-time favorite, sangria offers a classic option for summer celebrations, and it’s completely customizable to suit any taste. You can choose red, white, or rosé wines, but this recipe calls for red wine for a vibrant Fourth of July color splash. Plus, the red wine stains the fruit you add to your sangria, adding an appealing visual that always accompanies this iconic cocktail.
Summertime is open season for adding fresh peaches, nectarines, strawberries, oranges, plums, and apples for a tangy citrus note. This recipe incorporates brandy or fruit-based liqueur and pineapple juice, but you can get creative and add triple sec, Grand Marnier, and other hard liquors. Top with seltzer for a fizzy finish if desired. Visit The Pioneer Woman for the recipe.
Margarita lovers, this one’s for you! A zesty rendition of the classic fresh margarita, this Spicy Margarita Punch includes a firecracker kick of jalapeño tempered with the cooling sensation of muddled English cucumber, cilantro, and mint. Mix this summer libation in a punch bowl with tequila, lime juice, agave, and orange juice, and chill for an hour. You can also refrigerate it overnight, if preferred. Before serving, use a fine-mesh sieve to remove and discard the solids. Serve in salt-rimmed glasses over ice and lime wedges, and garnish with sliced cucumbers and jalapenos for the ultimate flavor mingle. Visit Food & Wine for the recipe.
When dealing with buying a lake home, you might hear the term “escalation clause”. If you’re familiar with this term, you might be wondering if it is a good or bad thing. Even if it is something you’ve never heard of before, finding out what it means can benefit you in the future. Lake Homes Realty’s CEO, Glenn Phillips, discusses what this is and whether an escalation clause is something good or something bad.
Escalation Clause: Automatic Price Increase Formula: This was something that was very popular during Covid-19 and, in particular, frenzy buying. Basically, people were wanting to make an offer and that be it. They were not willing to go through the hoops of making a second offer. Simplified more, you would make your offer and if someone came in with a higher one, you’d understand yours would jump up some amount.
Keeps Offer Amount Competitive: Due to these different escalation clauses for properties, it was more of a competitive area. Instead of the one amount being out there, it was almost a stair-stepping increase between offers.
Less Popular: Since Covid-19, these clauses aren’t as popular. One reason in particular is that it is becoming too much for the sellers and their agents to manage. Sellers got to a point where they wanted people to make their best offer. Now, sellers will ask buyers to “give us your highest and best offer”.
More to Offer Than Money: Oftentimes, escalation clauses can overshadow some of the other things that could potentially be offered. Things such as an additional property (a boat, furniture, etc.) or a different contribution of closing costs, etc.
Varies By Local Market: These clauses all vary depending on the market. Utilizing a lake agent, like one at LakeHomes.com, would be beneficial. The agents understand their markets and the things that go into them, such as inflation rates.
Before going into the buying process and expecting things to flow a certain direction, reach out to a lake expert for more help. They are always willing to give advice and information when needed.
Summer is synonymous with sunshine, laughter, and cooling off in refreshing waters. And what better way to enjoy a day at the lake than lounging on a comfy float? But with so many options available, it can be tough to know where to begin. This article will be your lifesaver, guiding you through the top lake floats of 2024. We’ll cover a variety of styles and functionalities to suit your needs, whether you’re a party animal seeking a floating island paradise or a tranquility enthusiast yearning for a solo chill zone.
The Chillaxer’s Oasis: Intex River Run 1 Inflatable Water Float
For those seeking a classic no-frills float experience, the Intex River Run 1 reigns supreme. This inflatable tube offers a spacious circular design with a mesh bottom for cool comfort, perfect for kicking back and soaking up the sun. It boasts a cup holder for keeping your favorite beverage close at hand, and multiple air chambers for added safety. Plus, with its affordable price tag, the Intex River Run 1 is easy on the wallet.
If luxurious relaxation is your priority, then the Big Joe Captain’s Pool Float is your captain to tranquility. This plush throne boasts a built-in cup holder, oversized backrest, and armrests, ensuring you stay comfortable for hours on end. The durable construction and UV protection guarantee long-lasting enjoyment, while the inflatable design makes for one of the best lake floats on the market.
Island Hopping: Ozark Trail Big 6-Person Inflatable Island
Craving a floating fiesta with a group of friends or family? The Ozark Trail Big 6-Person Inflatable Island is your answer to unforgettable lake adventures. This inflatable behemoth offers ample lounging space for up to six adults, making it ideal for group gatherings or family outings. Equipped with eight cup holders and a built-in cooler, you can keep drinks and snacks ready for your crew. For added comfort, it features two extra-wide pillow backrests and a mesh area for dipping your toes in the water. Easy to maneuver thanks to the swim-up platform and heavy-duty handles, the Ozark Trail Big 6-Person Inflatable Island joins the ranks of the best lake floats, ensuring a touch of comfort and convenience on your next aquatic escapade.
Serenity Seeker’s Sanctuary: Bote Inflatable Hangout Water Hammock
For those seeking a dose of tranquility on the water, the Bote Inflatable Hangout Water Hammock is your ultimate escape pod. Imagine gently rocking on the waves with a captivating book in hand. This hammock-style float allows you to comfortably stretch out and soak up the sun, with a headrest for added comfort. The durable, water-resistant construction ensures you can drift along without worry, while the inflatable design makes for easy transport. Escape the noise and find your zen with the Bote Inflatable Hangout Water Hammock.
So there you have it! From classic tubes to luxurious lounges and social party islands, we’ve explored a variety of the best lake floats for 2024. Whether you’re seeking a solo escape, a romantic rendezvous, or a fun-filled family outing, there’s a perfect float out there to elevate your lakeside experience. So grab your sunscreen, inflate your floatie of choice, and get ready to make a splash this summer with one of these amazing best lake floats!
Most people have probably heard of the TV show Shark Tank. However, you might not realize that selling lake property is more similar to that show than you know. When you think about it, the people who go on the show are entrepreneurs. This can almost be said for somebody selling a lake home. You have a product, your home, that you’re trying to get the “sharks”, the buyers, to invest in. Glenn Phillips, CEO of Lake Homes Realty, discusses 5 points about what this might look like.
“Addressable Market” (Who is Your Customer?): You’re not selling to everyone when it comes to your lake home. You have a specific demographic that is realistically looking at your home. These are the people who are interested in making that investment/purchase of your home.
How Do You Market (Reach Your Customer)?: Here at LakeHomes.com, there is market reach to people in your area and those who are states away. Agents at Lake Homes Realty can present you with this data and show you that the customers you’re reaching are likely outside of your local area.
What is Your Value Proposition? What is the reason behind your home being at this price point? Oftentimes, consumers who visit Lake Homes Realty are searching around different lakes so pricing is an important factor to stay competitive.
What Makes You Different? You need to have something that differentiates you from other sellers. Going back to Shark Tank, all the products are different. You also need to think beyond your personal home values. Most buyers aren’t looking into how you personalized the property.
Is Different Desirable? You can have eccentric aspects to your property, but this can be a negative to consumers. Not all the things you like always have a positive value.
Overall, selling a lake home can have these similarities with the people who make their way onto Shark Tank. When it comes down to it, making sure you remember these 5 key tips can make or break it. Don’t hesitate to reach out to a lake agent at LakeHomes.com for more help!
The time has come and you’re ready to buy a lake home. You might be asking yourself, “What lake makes for the best lake home purchase?” When it comes down to it, it all just depends. A lot of people who purchase lake homes on specific lakes do it for a plethora of reasons. Hear what Glenn Phillips, CEO of Lake Homes Realty, has to say when it all boils down to deciding which lake to call home.
Depends: It’s Personal: Picking between Lake A and Lake B is a personal choice. Because of this, you have to narrow down the things you would want from living at the lake. Lake homes vary widely, from environments to the reasoning behind the purchase and many other factors.
Full-Time or Part-Time: Are you planning on making this home your full-time residence? If so, you’ll more than likely have different needs than a part-time resident. For example, if you plan on living there part-time, you might want to consider a home with extra space for storing items during the off-season.
Accessibility: Does it take 30 minutes or 2 hours to get there? Sometimes you will have lakes where you can see the other side, but in order to get to your home, it’s a 45-minute drive. You will also need to consider the terrain as well as the road conditions from your home to major access points.
Quiet or Busy: Some lakes are more populated than others. Depending on your preference, you will need to choose between a lake area that is busy versus one that is quieter and laid-back.
Seasonality: Some lakes are considered “full pool” meaning the water level doesn’t drop significantly. The lakes that do fluctuate are typically used for flood control, which can limit water activities. Also, depending on which region of the country the lake is located in, you might find lakes that completely freeze over during the winter season. In this case, you will need to winterize your home.
Affordability: Lake homes are niche properties that are different from your typical residential home. Knowing what you can realistically afford will help narrow down options for both properties and locations. Keep in mind that location can significantly add to your overall lake home cost.
Date the Lake: Plan to take a trip to a lake you might be looking at. Stay there for a weekend or multiple weekends at different times of the year. This can significantly help in getting to know your way around the area and lake.
The bottom line when choosing which lake to pick from all comes down to what you’re looking for. Buying a lake property is a choice that needs to align with your lifestyle. If you’re still on the fence about it or would like more assistance navigating it, head on over to LakeHomes.com. We have lake agents from all over the country who are experts in their market. They can help you navigate the homebuying journey and find your dream lake home!
If you’re living the lake life, you’re most likely already enjoying the natural scenery and spectacular views that envelop your blissful waterfront haven. So why not bring some of that beauty indoors to amplify the visual impact of your interior spaces? To integrate a memorable wowfactor into your lake home, one of the best design techniques is to create a lake-inspired feature wall. By incorporating a powerful focal point, you can enhance the architectural style and personality of your room, transforming an ordinary space into an extraordinary visual experience. If you’re looking for ideas, here’s a quick list of some of our favorite lake-inspired feature walls.
If your lake home embodies an earthy and rustic aesthetic, natural stone is the perfect choice for creating a dynamic feature wall. The look can instantly transform your room while contributing to your home’s scenic setting. This stone fireplace integrates seamlessly with the landscape and creates a cozy focal point for fireside entertaining. You can select stones in a multitude of colors and textures to complement your lake home surroundings. Arrange the stones in an eye-pleasing pattern or apply them randomly to cultivate an organic vibe.
If you’re looking for instant gratification that offers the look of natural stone but with less commitment, create a feature wall using stonelike wallpaper. These wallpapers look like the real deal without the cost of materials and labor. You can choose from endless patterns that emulate marble, limestone, travertine, wood, and other natural finishes. Just look at how it elevates the luxury of this beautiful bedroom sanctuary. Complementing the splendid views, this feature wall blends effortlessly with the landscape and creates a serene synchronicity.
In our ongoing quest for sustainable design, reclaimed woods are undoubtedly having a moment. This is yet another way to infuse a touch of warmth and rustic charm into your lake home. Homeowners are increasingly looking to recycle old materials to honor the integrity of vintage structures and create a sense of authenticity while preserving the past.
You can bring a textural natural beauty to your interior spaces using old barn wood, salvaged timber, charred woods, railroad ties, and weathered wooden pallets. By using reclaimed wood to create a feature wall, you can transform an ordinary space into an impactful focal point that works in almost any room. You can install wood planks either vertically or horizontally to fashion a unique design. Apply finishes to your wood or leave it natural for a quaint cottage feel.
If you want to create an awe-inspiring statement wall, opt for a mural-inspired wallpaper featuring a scenic lake landscape. You can explore a vast range of nature-inspired patterns, including forests, mountains, lakes, and wildlife, that will instantly blur the lines between indoors and out. Make sure to seek out high-quality washable wallpapers that will withstand time and hold up well in your lake environment.
Create a vintage cabin look or nautical theme by composing a feature wall using lake-inspired objects, antiques, collectibles, and artwork. Combine three-dimensional pieces with old paintings and vintage signs to bring depth and visual interest to your design. By simply adding a framed vintage poster to your hallway vignette, you can infuse your space with colorful warmth and personality. Plus, vintage looks always radiate an inviting ambiance, giving your lake home a personal touch and a memorable appeal.
If you love photography, you can showcase the beauty of your lake and its surroundings by creating a gallery wall featuring framed photographs. Capture all the scenic views your lake region offers—wildlife, sunsets, wildlife, architectural landmarks, and other inspiring features that define your lake environment. Arrange your framed photos in an eye-catching symmetrical layout, or adapt a collage style, mixing sizes and orientations to create a visually engaging feature wall. If you’re not necessarily a photographer, you can purchase sets of framed photos to achieve the same look.
Add a splash of color and creativity by creating a captivating tile feature wall. Choose vibrant and water-inspired mosaic tiles in various hues of blue, green, and turquoise, or create a mural or an abstract pattern that captures the essence of the lake. This striking bathroom feature wall displays tiles replicating a fish-scale pattern, bringing delightful texture and movement to the space. Alternatively, you can depict aquatic life or incorporate wave-like designs for an artistic touch. The possibilities are endless.
So, don’t be afraid to get creative with your own feature wall concepts. Just remember to consider the style of your lake home and its overall aesthetic when choosing your materials. This will ensure it complements your existing décor and creates a harmonious environment. Cheers to the lake life!
Now might be the time when you have decided to put your lake house up for sale. Going into it, you might have heard of different rules to follow or maybe even some myths. When it all comes down to it, some of these myths end up costing money for the seller. Lake Homes Realty’s CEO, Glenn Phillips, details 6 expensive myths you might hear.
Myth #1 – The Local MLS and Zillow are Sufficient and Effective: While these platforms are great, that doesn’t take away from the fact that they’re simply not enough. Oftentimes, people who are looking from other parts of the country might have a hard time finding your property through these channels. More niche websites, such as LakeHomes.com, are more efficient for the buyer who is looking for a property like yours.
Myth #2 – An Open House is Critically Important: If you’re selling in a more urban setting, hosting an open house would be beneficial. Because the majority of lake home buyers live somewhere else, it wouldn’t be as useful to host an open house. If they live in another state, they will probably want to see the property, but not necessarily in an open-house setting.
Myth #3 – Zillow’s Zestimate Reflects Current Value: This tool is great for other types of environments; however, with lake properties, they don’t know how to account for factors that are specific to lake properties. Water location, water depth, and seasonal patterns are not always common knowledge, so therefore, the algorithm can’t process them accurately. A lake expert agent will have more insight into these nuances for various properties around the lake.
Myth #4 – Lake Home Buyers Want the Same Type of Homes Popular a Decade Ago: Homes from 10 years ago can have features that give them a rustic feel. However, buyers today might be looking for homes that are updated and feel high-tech.
Myth #5 – Fewer Lake Houses for Sale = Sellers Can Ask a Premium Price: Today’s buyers are more informed than ever before. These buyers know what they want and what they’re willing to pay for. This doesn’t mean they will automatically pay the premium price, which will oftentimes lead to homes just sitting on the market.
Myth #6 – Little Risk in “Testing the Market” with a High Price: The information we have found is that homes starting above market price tend to fail. Starting too high and then cutting shows buyers you’re aiming too high for what your home is actually worth.
Now that you are aware of these myths, you are better prepared to sell your lake home. If you’re getting ready to sell or have started the process, check out the lake experts at LakeHomes.com. They would love to help out if you’re looking for guidance through lake real estate!
