How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #4

Property Value Factor #4: The Home

If the property has a house, and it is a house that the buyers intend to keep and/or remodel, this is often #4 on the list. Most buyers here are already risk-takers. Many own businesses and/or have built or substantially remodeled homes and see that the previously mentioned items (view, slope, waterfront) are more permanent, while the home can be remodeled, added onto, or bulldozed. This explains why I am showing a lot with a single-wide trailer on it next week priced at $1 million, and am showing lovely new homes to others for half that price.

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The Definitive Guide To Smith Mountain Lake Real Estate Everything you need to know about buying or selling property at Smith Mountain Lake.