For the fortunate individuals that have an equity base, they have the opportunity to reinvest their monies into real estate that will both benefit an economy and their personal enjoyment. Extend this idea to a lakefront home, and you are creating revenues for a small town or village as well as the luxury to be able to create amazing memories for both family and friends.
With prices still very competitive, and rates low, borrowing against your own money is sometimes better than an outlay of cash. Talk to your tax accountant and see what benefits may be in store for you and what options are available. Then call me to look for that perfect lakefront property. You deserve it, right?
This information brought to you by Mary St. George, Associate Broker, Wine Trail Properties, 315-719-8377