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Finding Value on the Shores of Lake Michigan

Posted by Luke Bouman on Saturday, January 25th, 2014 at 10:08pm.

There is a lot to like about living, or vacationing, on the shores of Lake Michigan. There is incredible scenery, great summer weather, seemingly endless recreation opportunities, friendly people, and more. The only downside to having so many great reasons to look for Michigan Lake Michigan Real Estate is that many other people will be looking for the same thing. In the end, this means prices can rise higher and higher. Fortunately, there are ways to look for value among the Lake Michigan homes for sale so you can get into a great place without completely breaking the bank.

Consider Living Inland

Naturally, properties that are located directly on the waterfront are going to be more expensive (generally speaking) than similar properties located inland. However, you don’t necessarily need to go very far inland to find a better value, so you can get the best of both worlds. You may be able to keep the beach within walking distance while saving money at the same time. Think about what is important to you when looking for Lake Michigan real estate – you might find that owning a waterfront property isn’t an absolute necessity. If you can own a property near enough to the water that stays within your price range, the trade-off just might be worth it.

Sacrifice Square Footage

Location and square footage are two of the biggest drivers of the price of any real estate property. If you are going to be using this Lake Michigan real estate property for a vacation getaway, you might not need as many square feet as you originally thought. By downsizing the size of the cottage or home you are looking at, you could save on the sale price, as well as the cost of ownership. Take the time to tour a couple smaller properties and decide if they could work for your needs.

Be Open to Different Regions

Real estate goes in cycles, and various regions are likely to see their ups and downs in value over time. If you are looking for a Lake Michigan Real Estate Grand Haven Michigan property or a home in another region but don’t have to be close to a specific city (for work, for example), try to keep an open mind to more areas along the cost. Your Realtor might be able to find a great value for you in a region that you hadn’t originally considered. 

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