Lake Arrowhead Real Estate Investments - The fundamentals
of investing on the mountain
Here
are a few golden nuggets of knowledge about Lake Arrowhead real estate
investments that you just can't do without.
Please keep in mind that it is beyond the scope of this site to address
every fine detail about investing in a Lake Arrowhead home. A study of Lake Arrowhead listings and a good Lake Arrowhead Realtor will be needed if you plan on investing in the area.
Five things that will instantly add value to your Lake Arrowhead investment!
Here are five things to consider when assessing a Lake Arrowhead home's
value. It is important to note that just because a house does not have
some of the features discussed on this page does not mean that it is worthless
or that it's value will not increase. Generally speaking, Lake
Arrowhead real estate and surrounding areas as a whole have shown
an impressive increase in value over the past few years.
The Arrowhead Woods and their' included lake rights are coveted!
Knowing the geography of Lake
Arrowhead, Ca. property is very important when you begin to look at
investment-homes in the area.
The first thing worth noting is that Lake Arrowhead real estate is divided
into:
A)The Arrowhead Woods
and
B) The surrounding communities (Blue Jay, Cedar Glen, Skyforest, Twin
Peaks, etc.)
There are several reasons that this will be important to you.
You see, Lake Arrowhead is a private lake. In order to be able to launch
your boat, own a dock, use the beaches, or fish you must have lake
rights. Lake rights are obtainable by purchasing a home in the Arrowhead
Woods.
The Arrowhead Woods are essentially just a designated area around the
lake that is governed by a few guidelines. An architectural committee,
for instance, must okay your architectural plans before you may begin
building a house in the Arrowhead Woods.
Most, if not all of the luxury and lakefront
homes in Lake Arrowhead are located in the Arrowhead Woods. As of
2005, it is difficult, if not impossible to find a home in the Arrowhead
Woods for under $280,000.
Buliding a garage or carport instantly increases the value of your investment!
Believe it or not, having a garage in Lake Arrowhead is a luxury! Building
a garage or carport onto your home can add as much as $25,000 - $50,000
to your investment! It will also protect your vehicles from excessive
weather conditions, tree sap, and falling pine cones!
Roads that are paved and maintained by the county can increase the value
of your home!
It snows in Lake Arrowhead. Roads that are paved and maintained by the
county get plowed. Those that are not, do not get plowed. Therefore, a
home that is easily accessed in severe weather conditions is worth more
than a home that isn't as easily accessed. If possible try to invest in
a home that is easily accessed in severe weather conditions.
A level access entry is a convenience well worth the investment!
Lake Arrowhead is located in
the mountains, which possess many hills. Many houses have steep driveways
and flights of stairs leading to their' front doors. So a house that has
a level access entry is naturally worth more than one that has numerous
flights of stairs or a steep driveway leading to the front door. "Grocery
day", in particular, makes this a convenience well worth investing
into!
Does it have a view of the
lake?
Let's
not forget why so many people want to live in Lake Arrowhead... it's beautiful!
So what could be more beautiful than a house with a view of our majestic
lake? Lake views can add as much as $20,000 - $50,000 to the value of
your investment-home, and in some cases even more!
Investing in vacation/weekend
rental properties
Part-time or weekend investment
homes are quite popular in Lake Arrowhead. An investments such as this
can easily fetch between $250 - $1000 per weekend. This, of course, depends
on the size of the house, location, and other factors like those mentioned
above.
You can safely assume that
your vacation rental investment will rent out for the following occasions:
-4 days at Thanksgiving
-5 days at Christmas
-6 days at New Year's
-10 weekends per year
-4 additional various holiday
weekends
-1 additional week
Some things that can improve
your ROI or return on investment are:
-Billiards table/Ping Pong
table
-Jacuzzi
-Pet-friendly vacation homes
-sleeping capacity
Investing in full-time rental
properties
Investing in full-time rental
homes is not as popular in Lake Arrowhead as investing in vacation rentals,
nevertheless, there is still a modest demand for them.
A nice 3/2 house in the Arrowhead
Woods can fetch anywhere from $900 - $1,100 per month, while a less-than-pleasing
2/1 can easily fetch $500 per month.
