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 places …
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 #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 affects 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 …
SML Real Estate: Short-Term Opportunity, Long-Term Windfall
Advantages for the Short-Term It is no secret that the national real estate market is in a slump. This slump has hit investors especially hard, and those holding waterfront property at Smith Mountain Lake, VA, are not exempt. This is …