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 these advantages shortly, but let me start by giving you one simple reason. In general, the oceanfront property became popular decades before lakefront, so 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 …
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 …
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 that …
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 the location is already established. Everyone choosing to buy at Virginia’s Jewel of the Blue Ridge already has THE location, wherever they …
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.
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