Seven Things to Know about Branson Lakefront Homes for sale

Seven Things to Know about

Branson Lakefront Homes for sale

1.Lake front property at Table Rock Lake is at a premium! If you are looking for a lake front property for under $300,000 you will have a very hard time finding it and when you do, it will most likely be 20 years old and in need of considerable repair. The average cost of a four bedroom Lake View home in Branson, Hollister, Ridgedale or Blue Eye is: $471,042.  When everyone comes to town they want champagne but they are usually on a beer budget.

2.Table Rock Lake front homes are not maintenance free!If you are looking for a Table Rock Lake front property, you may consider a condo. You get all the comfort and privacy of a home on the lake, but none of the exterior maintenance.You will have to pull weeds and trim bushes the first two days of your family vacation.  Oh…you will also have to rake your leaves in the fall.

3.Most Table Rock Lakefront properties do not include amenities! It probably will not come with a pool and a 4000 sq ft clubhouse, game room and work out room.  Consider developments such as Point Royale, Branson Canyon, and Branson Creek which are not on the lake, but have great amenities that you may not have thought of.

Branson lakefront homes for sale

4. Table Rock Lakefront property is not generally 10 minutes from Branson. It is probably 20 minutes or farther to drive than you really want it to be.  Even if you have to squint, it’s still a lake view. Do a drive by and look at the view before you get excited.

5. Table Rock Lake view does not mean lake access. It may not be that close to the lake at all.   In many cases I’ve seen clients lease a slip about 10 min from their home simply because it is cheaper to lease at around $1,700 per year rather than $30,000 to buy.

6. You want to be On the lake not viewing the lake?You would rather be out there on it instead of looking at it all the time. If you blow your wad on the home…where’s the money to buy the boat?

7. Table Rock Lake view home versus money for other things.For the extra money you spend on a lake view, you could take $20,000 and buy a boat, $20,000 and buy a boat slip, and put another $20,000 in your kids college fund.  Tuition is on the rise, don’t you know 🙂

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1.  They don’t buy a big enough property.  The two bedroom market is flooded.  You can spend 65K, but big deal…you will compete with every hotel and timeshare in town.

2.  They look for foreclosures or deals.  Why is the seller selling if it is such a good rental? Oooh…good question. No ones asks this. At Worley and Associates, when we represent a buyer, we ask for at least two year of Schedule E’s from the sellers tax return.  This way we can evaluate the estimated rate of return for your first year based on facts rather than opinions.

3.  They do not buy a rental in a community.  People look for communities like Branson Canyon, The Lodges at Table Rock Lake and Branson Creek because they have stayed here before.  Many people are looking for now on vrbo, homeaway and other vacation rental websites.  If the place they stayed at last year is booked. Guess who benefits?  People just want to know that you respond fast and that you are a real human…not the Hilton front desk…or they would have called the Hilton.

4.  They buy a rental with no amenities, such as a pool, clubhouse and walking trails. Some people like the seclusion and the long drive to the grocery store, but I can honestly say that  zero people asked for this when they call  to find out where my home is located.  Plus, another important thing in Taney County, you can not just buy a home in Branson and hope to put it on a nightly rental program.  There are rules and a process and you have to get the right approval.

5.  They buy a fixer-upper. You will spend more time and money fixing and less time renting.  Usually on an investment property, repairs are tax deductible but improvements are not, be sure to talk to a qualified tax manager to see what you can deduct.  The time it takes you to fix up a property can seriously eat into your profits, especially if you are attempting to do this during the peak season.

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Seven Things to Know About Branson Lakefront Homes for sale

Author = Worley and Associates