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 these advantages shortly, but let me start by giving you one simple reason. In general, oceanfront property became popular decades before lakefront, so the prices …
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 really want more acreage, most buyers value the factors discussed above …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #6
Property Value Factor #6: Cove versus Main Channel This issue is not completely cut and dry because there are varying degrees of land in coves, on the main channel, and in between. Many first timers here at the lake assume …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #5
Property Value Factor #5: Location This issue is way down the list here at Smith Mountain Lake because location is already established. Everyone choosing to buy at Virginia’s Jewel of the Blue Ridge already has THE location, wherever they are …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #4
The 4th “key factor” that defines the real estate market in Smith Mountain Lake, VA, is the quality of the homes.
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #3
Property Value Factor #3: Waterfront What does “waterfront” mean in this context? This is a catch-all phrase. This issue is often third on folks’ lists, but is sometimes first or second. Factors may include: Length of Shoreline Though many buyers …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #2
Property Value Factor #2: The Slope We’ve looked at factor #1, the view, so now it’s time to see a second factor that effects how waterfront real estate is valued. “The Slope” often runs a close second behind view, and …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #1
Many people looking at home listings over the web are surprised when they see the wide variation in home prices here at Smith Mountain Lake. They wonder why a beautiful, large waterfront home is priced hundreds of thousands lower than …
