In general, bodies of water positively impact property values. The proximity to water often translates into higher property prices due to the desirable lifestyle and recreational opportunities it offers. However, the specific impact can vary based on various factors. Lakefront …
Valuing Property At Smith Mountain Lake
Real Estate in different areas of the country is priced very differently due to a wide variety of factors. Similarly, each lake with waterfront property has characteristics that cause the property values to rise or drop. Real estate at Smith …
I Want To Buy A Waterfront Lot; Where Do I Start?
Many buyers at Smith Mountain Lake want it all. They want the ideal home on the right lot with a great view in the perfect location and are willing to pay for it. If this describes you, you may wish …
Improve Your SML Home Value With These Tips
Whether you’re renovating a property or looking to update one before putting it on the market, this guide has everything you need to know about adding value to your home. We’ll take you through 31 different ways to increase your …
The Most Important Thing You Need to Know about SML Property Values
Many people looking at home listings over the web are surprised when they see the wide variation in home prices here on the lake. They wonder why a beautiful, large waterfront home is priced hundreds of thousands lower than a …
Smith Mountain Lake Versus The Beach
Lakefront living has many advantages over living near the ocean! I will detail several of the advantages of living at Smith Mountain Lake Versus The Beach shortly, but let me start by giving you one simple reason. In general, the …
Is Smith Mountain Lake A Profitable Place To Invest?
Real estate investment at Smith Mountain Lake is a profitable way of increasing personal wealth. You may think, as I once did, that buying a second home is too costly or frivolous, and that it is a stretch to make …
How Water Affects Property Values
Can a piece of land be deemed more desirable because of water quality? The answer is definitely yes. Excellent water quality is one reason people are flocking to Smith Mountain Lake. The vast majority of spots on more than 500 …
Rising and Falling Water Levels
Does the Water Level Rise and Fall? How Does That Affect Me and My Property? Many people who visit Smith Mountain Lake are surprised that the water levels do not fluctuate much. Other man-made lakes, controlled by power companies, see …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #7
Property Value Factor #7: Lot Size We often get first inquiries from people asking for the typical price of property per acre here. While there are rare individuals who want more acreage, most buyers value the factors discussed above so …
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