Saturday, August 6, 2016

4 Considerations for Purchasing Vacation Property at the Lake

The Lake of the Ozarks is the premier vacation destination in the Midwest. In fact, we were voted BEST recreational lake in the country. Not only is the Lake area loved by tourists, but its home to a multitude of second homeowners. Have you considered purchasing property at the beautiful Lake of the Ozarks? If you're planning to hire a Lake of the Ozarks property manager to help you rent out your second home to vacationers, there are a few things you need to look for.

Photo Credit: FunLake.com
1. Find the BEST Location. 


The Lake of the Ozarks covers a wide area, and property can be purchased on the water in a variety of different locations. While the water covers a lot of ground, the majority of the other activities and attractions that the Lake area has to offer are centralized. Most vacationers want to be in either the Lake Ozark or Osage Beach area. Finding the right location is an essential piece of every vacation rental. If you don't have a good location, you're going to have difficulty finding renters.

2. Choose the RIGHT Type Property. 


Besides the location, the next most important thing is the type of property you purchase. Choosing something too small can limit your prospective renters. At the Lake, bigger is better. On the other hand, you don't want to purchase anything you can't afford. The number of bedrooms isn't the only thing you have to think about in regards to the type of property you choose. People vacationing at the Lake of the Ozarks are coming here for just that, the lake. If your vacation home or condo isn't on the water, the pool of renters is very limited. Most renters not only want a great view of the lake, but also a dock to store their boat in.

3. Think About the NECESSARY Amenities. 


While there may be some amenities you don't personally need, your prospective renters may have a different perspective. How many separate baths does the home have? Is there a separate family room? Does it have a garage? Not only do you need to think about the features of the home itself, but also the bed situation. Based on our rentals, condos with king beds in the master bedroom averaged twice as many nights. Many vacationers also request being close to the pool, having Wi-Fi, having a TV in every room, a large boat slip and more! At the Lake of the Ozarks, another popular request is having a boat launch on site and trailer parking for their boat trailer.

4. Select a GREAT Real Estate Agent. 


If you're in the market to purchase a vacation home at the Lake of the Ozarks, it's important that you find a great real estate agent. By choosing to work with an expert on the area, you're sure to find a property that has all the features and amenities you need to successfully rent out your home or condo to prospective guests. In addition, local real estate agents will know which condo complexes and housing associations allow nightly rentals and which ones don't. At Your Lake Vacation, we have several reputable real estate agents that we work with on a regular basis. Talk to us today about finding the perfect vacation property that will provide maximum vacation rental income.

While the busy season for vacation rentals may be winding down, we're still looking for more rental properties at the Lake of the Ozarks to add to our program. It's never to early to start thinking about next season, we have some guests who like to book a year in advance. Over the past several years we have grown to be the largest Lake of the Ozarks vacation rental company, with over 90 properties on our rental program. This past month, we've been practically sold out every weekend. If you're thinking about purchasing a vacation home at the Lake of the Ozarks, contact us today at 877-284-0267! We'll work with you to find the perfect property!

For more information please call us toll free at 1-877-284-0267!!
4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  

1 comment:

  1. The best place for you to buy a Vacation Rental property is in a market that your family enjoys and will want to visit every year. If you buy a house you love in a location you love, chances are there are other families out there that will love it too, and you get to enjoy it when you're not renting it out.

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