Tuesday, January 5, 2016

House Or Condo: Which Is Right For You?

Congratulations! You've decided to buy property at the Lake of the Ozarks. Before you can progress any further, though, it's time to ask yourself several important questions. Should you buy a home or a condo in Osage Beach MO? If you opt for a home, should you live on or off the water?

Without first gathering all the necessary information and asking yourself the important questions, it can be hard to make these decisions. Property Shop at the Lake is here to help make the process easier! We've compiled a list of questions you should ask yourself before choosing which type of property to buy. Once you have your answers in front of you, your decision will be much simpler.

Question #1: Will This Be Your Full-Time Or Part-Time Residence?

The amount of time you plan to spend at your new place will significantly impact what features you will need. If you plan to live in your new home year-round, you will probably want a house (or at least, a large condo) with plenty of storage space. If your new property will be a vacation destination where you only spend long weekends, however, it won't need to be nearly as spacious. You can store the majority of your belongings at your primary residence and only keep the items you need for vacation at your new location.

Question #2: How Much Time Do You Plan To Spend On The Water?

Be honest: how much do you see yourself getting out and spending time on the water? Living on the water can be a truly phenomenal experience, but it can be more expensive and may require additional upkeep. If you plan to use your lake access frequently, buying a waterfront home at the Lake of the Ozarks could be perfect for you. However, if you don't plan to spend much time on the water, you may be better off with an interior home.

Question #3: How Many People Will Live In Your New Home?

The number of people you will have living in your home often directly correlates to how much space you will need. Obviously you will need more bedrooms and bathrooms if you have a larger family, but you will also need extra space for storage and more living space to accommodate the greater number of people. If you are only buying property to share with your spouse or to live on your own, on the other hand, you probably won't need nearly as much as space. In that case, a small waterfront condo at the Lake of the Ozarks would probably be a great option.

Question #4: What Are the Ages Of The Family Members Who Will Be Sharing Your Home?

Identifying the number of people who will share your home is important, but it's also important to consider their ages. If you have young children, you may want to consider property inside a condo or homeowners association that has access to pools, playgrounds, and other family-friendly amenities. If there will only be adults living in your home, however, you may be able to lean towards more upscale, luxury condos at the Lake of the Ozarks.

House Or Condo - Which Will You Choose?

If you're considering buying real estate at the Lake of the Ozarks, it's time to talk to one of our real estate agents in Lake Ozark MO! Our team members would be happy to help you evaluate your situation and determine which options will be best for you and your unique situation. Check out our website or give us a call at 573-693-1100 for more information!

The Property Shop at the Lake
2086 Horseshoe Bend Parkway
Lake Ozark, MO 65049
(573) 693-1100
(573) 480-7760

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