Finding Your Lakeside Retreat: Owning a Second Home in Iowa
Iowa may not be the first place that comes to mind when you think of a lakeside getaway, but the state is home to some stunning lakes and reservoirs that offer the perfect setting for a second home. Owning a second home by the water in Iowa can provide you with a peaceful escape, recreational opportunities, and a chance to create lasting memories. In this blog, we’ll explore the joys of second home ownership at lakes in Iowa.
1. Tranquil Retreat
Imagine waking up to the gentle lapping of water against the shore and the sight of the sun rising and setting over a serene lake. Second home ownership at Iowa’s lakes offers a tranquil retreat from the hustle and bustle of city life. Whether it’s for weekends or extended vacations, your lakeside retreat can become your oasis of calm.
2. Recreational Paradise
Iowa’s lakes are a haven for outdoor enthusiasts. From boating and fishing to swimming and hiking, there’s no shortage of recreational activities to enjoy. Many lakeside communities have marinas, boat docks, and easy access to water sports, making it a perfect destination for those who love the great outdoors.
3. Family Bonding
A second home by the lake is an ideal place for family gatherings and creating cherished memories. Whether you’re roasting marshmallows around a campfire, taking leisurely boat rides, or simply enjoying a picnic on the shore, a lakeside second home provides a unique backdrop for quality family time.
4. Investment Potential
Beyond its recreational benefits, owning a second home at an Iowa lake can also be a smart investment. The appeal of lakeside living often leads to strong rental demand. When you’re not using your property, you can potentially earn rental income to offset expenses or even turn it into a profitable investment.
5. Varied Choices
Iowa boasts an array of lakes and reservoirs to choose from, each with its own character and charm. Whether you prefer the vibrant atmosphere of the Okoboji region, the quiet serenity of Clear Lake, or the stunning views at Rathbun Lake, there’s a lakefront property in Iowa to suit your preferences.
6. Community Connection
Lakeside communities in Iowa often have a strong sense of community. You’ll have the opportunity to get to know your neighbors, participate in local events, and truly immerse yourself in the relaxed lakeside lifestyle.
Owning a second home at one of Iowa’s beautiful lakes can be a dream come true. It’s a chance to escape the daily grind, embrace the natural beauty of the state, and create cherished memories with loved ones. Whether you’re seeking a peaceful retreat, recreational opportunities, or an investment opportunity, Iowa’s lakeside properties have something to offer every homeowner. Consider making your lakeside retreat a reality and experience the joys of second home ownership in the heart of the Midwest.
Zillow Estimates in a Rural Area
Zillow is not by most investors and real estate professionals regarded as the best or even a very good reference for accurate real estate values or prices. Zillow’s algorithm method is only as good as the number of like sales in a defined area. They rely on the accuracy of input by people after a sale is made. Its site is used primarily to market and attract buyers and sellers. Take note how many ads and solicitations you get when requesting further information on specific listings. While our agency feels that Zillow is an awesome marketing platform we feel that when determining property values Zestimates are purely a crude estimate and should not be treated as “gospel”. We do feel that Zillow has a great marketing platform and should be used as a resource for that purpose. We do not believe they should be in the appraisal business.
Put it to you in most simple way if you have a unique property or a specialty market you want to rely on professional that knows the dynamics and values of the neighborhood. In the car business there is a reason why people specialize in Ford, GM, or other brands of vehicles so that they can service those vehicles and protect the consumer because they know their product inside and out. Cars also have a unique distinction when determining value that many are replicated over and over. How many 2023 Red Ford F-150’s exist. Better yet how many are sold in a year in the state you live in. Hopefully you are getting the point. While determining value is important leave it to the people in the industry there is not a Kelly Blue Book or NADA value for a home or property. No two pieces of land that are identical even if the home and floor plan are. That is why we believe you want to find a professional that truly knows the “ins” and “outs” of what you are buying or selling in the real estate field.
Top tips for house hunting online
Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.
- Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
- Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
- See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.
Dispelling Refinancing Myths
“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.
YOU’RE NOT TOO LATE.
For years now, we’ve been hearing that interest rates will be on the rise, and although there have been some small increases, you’re still in a great position to drastically lower your interest rate. The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.
IT’S NOT TOO TIME CONSUMING.
Don’t brush off refinancing just because it seems like a long and daunting process. An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process. And besides, isn’t the amount of money you could save worth the time and effort?
ARMS CAN BE REFINANCED, TOO.
Seeing your Adjustable Rate Mortgage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget. Many people assume they’re stuck, but ARMs can be refinanced, just like fixed-rate mortgages. You can even switch to a shorter term fixed-rate mortgage, such as 15 or 23 years. The longer you’re planning to stay in the home, the more sense it makes to look into refinancing.
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