You’re no stranger to Smith Mountain Lake, VA. You’ve visited before, maybe you have family here or you might be one of the many return guests who grew up in the area and always dreamed about a Smith Mountain Lake waterfront property. You don’t need convincing to be sold on SML as a perfect place to put down roots. What you need is help choosing whether to rent your first Smith Mountain Lake home or put yourself in the market to become a Smith Mountain Lake homeowner.
Should You Rent at Smith Mountain Lake, VA?
Across the nation, there is a trend toward renting, especially with the younger, millennial generation. Spooked by the recession and preferring the flexibility of moving often, today’s would-be homebuyers are extra cautious. And being cautious can be very beneficial. You may desire to rent a Smith Mountain Lake home for a while to get to know the community better, save a little extra for a down payment or put some time into planning the custom waterfront property you’ve waited years to have. There are many good reasons for renting a property here. But with the economy stabilizing and home values the best they’ve been in a long time, you shouldn’t settle for renting when buying a home may be the best choice for you and your family.
Buying a Smith Mountain Lake Home May Be a Much Better Option Than You Think
Homeownership is a great financial investment and the SML real estate market is at a solid place, which means your money is likely to go much further than renting. With more than thirty years of experience as a real estate agent at Smith Mountain Lake, Deb Beran has witnessed the local market ride the highs and lows of the economy with strength and stamina.
The financial comparison between renting and owning alone is a convincing reason to choose homeownership at SML. Rent is escalating across the nation, meaning your rent payment could get you more in a mortgage. Your monthly cost can go into your own property asset instead of your landlord’s, putting you much further ahead after a few years’ time.
What’s more, Smith Mountain Lake is a thriving, growing area and you’ll love being able to customize your own property for the lifestyle you want at the place you’ve dreamed of living.
Bottom line: Smith Mountain Lake, VA is a resort-like community that offers much more than your average town, meaning there will always be plenty of investment interest to keep it moving forward. If you don’t have to, don’t settle for paying someone else’s mortgage – buy a home of your own.
Have more questions about renting or buying at Smith Mountain Lake, VA?
Contact Deb Beran Properties. We’d be glad to help!
