Friday, January 2, 2009

How to Retire and Live on a Lake

By LB Davis

Is the lake calling to you more and more as you grow older? Are you tired of packing up everything and pulling the boat to the launching area, finding a place to picnic and then having to leave before you really want to because you have to haul the boat back home and get it cleaned before dark? Maybe its time to take a look at living on the lake. After all, it is a buyers market right now.

Everybody knows that living right on the waters edge in a home with a dock can cost you a lot more than living a couple of blocks off the water. Your price range may dictate whether you are right on the water or a block or two away. Either way, you can have access to launching your boats and some very nice fishing and recreation areas that are very close.

Price is the reason it might be a good time to buy the home you have always dreamed of in the near future. While there may not be a lot of homes around the water that are for sale, the ones that have been coming on the market have all been priced to sell. Many of these homes are sold by retires that can no longer maintain the properties so they need to sale the home as quick as possible.

For those who are prepared, it will be a great time to buy. However, you may be one of those who are just not quite ready to purchase another home. You may need to sell the one youre living in now or need to determine how much house you really can afford. These are all great things to consider. Just remember, falling prices along with falling interest rates will not come along very many times in a lifetime.

There are some lakes that are such remote locations that it is hard to get the kids to school or get to a hospital in case of an emergency. If you dont mind about these things then that is a good location for you. Some couples have different interests so its important to have access to shopping, hospital care and other infrastructure so everyone can be happy.

No matter how old or young you are, if lake living is on your to do list, it is never too soon to start doing the research and getting prepared to make the move and take the leap. It takes some families several years to get everything prepared and find the perfect situation and home for them to live out their dreams. You are worth the effort and there is always that special house that becomes available at just the right time.

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