Make Your Waterfront Escape Your Full Time Residence
There’s a growing new trend in the United States; people are packing up and heading to their vacation getaways for good and making their waterfront lifestyle a full time adventure. With more companies opting for employees to work from home, among other factors, has caused a shift in the market with a surge in demand for the quality of life that you and your family can enjoy.
Current Waterfront Home Trends
Your lifestyle should be a healthy balance of work and play. It’s easy to fall into a daily regimen where your work life defines your schedule each and every hour of every day. With the ability to work from home, this last year looked a little different for most. Our market in the Northern U.S. saw an increase in summer residents staying for the entire duration of the season. These seasonal residents have transitioned into full timers by reconfiguring the current layout of their cottages and revamping spaces to make home offices.
We are also witnessing a new generation of buyers upgrading their lakefront homes into smart homes with all of the upgraded features they have become comfortable with in their urban dwellings. Summer cabins are getting the total makeover or are being raised in favor of an upsized full time home with all the bells and whistles. Gone are the days of “roughing it at the cabin.” Welcome to the spa life at the lake! Adapting from seasonal living to full time is the recharge we need. It has allowed many to fall back in love with living the waterfront lifestyle.
Investment Opportunities
Waterfront property owners will be the first to tell you that new investment opportunities are at your fingertips. Sites such as Facebook, Airbnb, Vrbo and HomeAway manage rental properties like these year-round. Many of the new millennial buyers entering the market are also buying these lakefront homes to offer them as part time vacation rental homes that provide steady income and assist in the cost of ownership.
Waterfront properties are hot spots for friends and family alike. It provides an opportunity to be unplugged, yet connected, while living your best life. If you take away electronics and the hustle and bustle, what do you get? We see opportunity. Weekly renters see a fun and relaxing vacation. If you choose to use your residence as an investment, the renters will follow. And the demand for weekly rentals at top dollar have increased. Urban areas are dwindling as desired destinations.
Join us and escape to your happy place year-round. With key ingredients like memories, traditions, and lifelong friendships, the decision is easy. Home away from home is more of an experience than a place. Can you feel it yet? It’s time to make the leap into the lake. The water is GREAT!
About the author
Joe Udoni is the broker/owner of United Country | Udoni & Salan Realty Group in Wisconsin, a top-performing office in the nation. He is currently the Director of Lakefront Properties for the entire company of United Country Real Estate due to his direct experience and knowledge of working with lakefront properties in his area. In fact, he is the number one sales agent for buyers and sellers of lakefront homes in his market. Learn more about Joe and his talented team in Wisconsin by visiting www.wislifestyle.com or www.UnitedWaupaca.com.
