As I sit in my office I have a beautiful lake view. I watch the ducks out my window swim to and fro the various birds diving and soaring above and around the water. I enjoy watching the joggers, rollerbladers, bikers and walkers make their way around the lake. The beauty of the sun’s gleam as it bounces off the water’s reflection seems to calm my active mind. The constant slow roll of the ripples makes for a peaceful view. Does it help me be more productive? I’m not so sure, but it is hard to be in a foul mood while looking at a beautiful lake.
When I look for land investments if I have to spend a little extra money to be near a lake or on a lake it’s always paid off for me. People are drawn to the water and always will be. I love the mountain views as well and if you can combine water with the mountains well it doesn’t get much better than that for me. Nevertheless, even if you have to pay a bit of a premium to have that water view figure out a way to make it work. Be creative. Have the seller finance if you don’t have the cash. Many sellers today are cash strapped, but it never hurts to ask what it will take to make it work for both of you. Most sellers want a sale and if you’re reasonable they’ll most likely work with you.
Be aware of any flood plane issues on the preliminary title report though before closing the deal. Once everything checks out you’ll have a solid investment that is almost guaranteed to increase in value as people will always be drawn to the tranquil nature of water property.
