Looking to buy a home in 2010? Miss The Boat On That Big $8,000 Homebuyer Tax Credit? Well…Maybe Not! One Fortunate Buyer will enjoy their first year in their newly purchased Roanoke home with virtually no out-of-pocket mortgage expense… Courtesy …
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 …
What About Water Depth and Dredging?
The depth of water in front of your home will affect both the value and long-term enjoyment of your home. While a few buyers are looking for shallow water to launch a certain type of craft or for children’s play …
What is the Water Quality at Smith Mountain Lake?
Excellent water quality is one reason people are flocking to Smith Mountain Lake. The vast majority of spots on more than 500 miles of shoreline have crystal clear water year-round. Unfortunately, as in any fresh body of water, a few …
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 …
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