Your Lake of the Ozarks Mortgage Lender: 5 Things to Think About When Buying a Vacation Home

The days are getting longer, the temperatures are going to start warming up, and before you know it - Summer will be here! As you start making preparations for your summer vacation at the Lake of the Ozarks, have you considered purchasing a vacation home? A study was done that showed of all people who own two homes in the Midwest, 40% own a home at the Lake of the Ozarks. This wonderful vacation destination of the Midwest is a great place to own a second home, and NOW is a great time to buy.

The first thing you want to do is get pre-approved with your Lake of the Ozarks mortgage lender, and after that, you will start looking for the perfect home. Here are a few things to keep in mind as you start touring homes and looking for the best luxury home at the Lake of the Ozarks.

Your Lake Location

The Lake area is made up of several different cities, and each one offers different advantages depending on what your priorities are. Before looking for a home, it can be helpful to become familiar with the regions around the Lake and determine which ones you want to look for homes in. Here are the areas you have to choose from:

Versailles
Osage Beach
Lake Ozark
Camdenton
Eldon
Sunrise Beach
Laurie
Gravois Mills

Consider Floor Plan & Room Sizes

Think about your purpose behind the house. Will you be using it as a private getaway for just a few people, or are you planning on hosting fun elaborate get-togethers with many different groups of people? Obviously, this plays a role in the size of home you get, but it can also impact the layout and room total you need to choose. You can also think about how your lifestyle will affect your room choices. Do you want to have a room dedicated to coming in from the Lake? Or maybe you need a bigger garage to house your ATVs or boat.

While it's true that you can knock out walls, add on rooms, and customize spaces, it would be easier if you could find what you are looking for without having to start construction immediately after purchase.

Yard Size, Shape, and Features

What do you want from your yard? This is an aspect of your home that you generally can’t change quickly or easily, and you can't grow it without buying surrounding property. Are you wanting to install an in-ground pool in the next few years? Do you want to have plenty of space for your fur babies to run around? Take a look around the yard, ask questions about property lines, and make sure that there would be enough space to do what you’ve been dreaming of.

Think About Available Amenities

Many of the Home Associations around the Lake of the Ozarks offer amenities that make living in that community even better. This can include playgrounds, pools, gyms, meeting rooms you can use, and more. Having these amenities can be perfect for a vacation home, so take a look at the different items that each community offers.

Plan for Your Vacation Lifestyle

Finally, think about what you want to do, what you want to be close to, and how you want to enjoy your vacation home at the Lake of the Ozarks. If you and your family live for the Lake life, you will probably want easy access to the water, a dock or boat slip, and a place to store your boat over the winter. If you focus on relaxed family time outdoors, you may want to look for a home with a huge deck, plenty of yard space for games and activities, or even an elaborate outdoor grilling station.

Time To Buy

There is still time to get your vacation home at the Lake of the Ozarks, and now is a great time to buy. If you are ready to get started, the first step is to get your pre-approval competed, and that’s where Team Lasson comes in. Visit our website to get started, or give us a call. We can help you mortgage a vacation home at the Lake of the Ozarks, and can assist you through the entire process. Ready to get started? We are!

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