What good is a luxury home near Lake Michigan if you can’t share it with the people who mean the most to you? Whether you have a large family and want to make sure everyone can come out to visit, or just like to invite friends frequently, a large home gives you more flexibility to have big events and let everyone take part.
The good news is that the shores of Lake Michigan are dotted with large, luxury vacation homes for you to consider. While some of them are quite expensive, others fall down into a more-affordable range. Figure out exactly what your budget is for this real estate purchase and then start sorting through the listing with the help of an experienced Lake Michigan Realtor.
Besides just having plenty of room for other guests, there are some other reasons why it is a great choice to purchase a large vacation home near Lake Michigan.
- Storage space. Assuming you are going to use the home as a vacation property, the extra square footage can be put to use as storage space when not occupied. This is a nice benefit because you could leave most of your vacation stuff at the house and not need to pack too much back and forth between your full-time home and your Lake Michigan getaway.
- Rental possibilities. When the home isn’t being used by you and your family, it could be rented out to generate income and help to offset the cost of ownership. A large home will naturally be able to rent for a higher rate as you can accommodate a larger group of people and offer them a more luxurious vacation experience. If you are thinking of renting your home as a way of bringing in some extra revenue, consider a large home as a big advantage over the competition.
- Resale value. You might not be planning on it anytime soon, but there will likely come a day when it makes sense to sell your Lake Michigan vacation home. If that time does come, a large home should carry with it a bigger resale price tag, and also might appeal to a wider-range of buyers, making it easier to sell. You shouldn’t buy a home that is too big for your family purely because of resale value, but it is a nice bonus when the time comes.