Wanderlust and traveling used to be thought of us a something only for the rich and famous. With affordable travel deals and the ability to work remotely, a lot of folks are calling more than one place home. With the South Lake Tahoe real estate market being considered a second home market, we get a lot of folks who spend half the year up at the lake. In fact, we have a lot of part time locals who spend summer here and winter elsewhere or vice versa. When you only plan to spend a few months in one spot, renting seems like the most sensible option. Or is it? Ask yourself these questions to see which option is the best for you!
3 times you should rent
It is your first time spending more than a couple weeks and you aren’t sure of the area you want to be. If you know you love it, but aren’t quite sure what neighborhood is the best place for you to call home, consider renting South Lake Tahoe real estate. This allows you to figure out which area is best for you, what type of amenities you want to be close to, and even what side of the lake you want to be on. You may start off looking at homes for sale in South Lake Tahoe on the California side and realize that Nevada makes more sense.
You’re nervous about the market. The South Lake Tahoe real estate market can change. Especially being a resort market, there are a lot of details to keep in mind if you are thinking of listing in the next few years. Vacation rental ordinances, size and proximity to activities are all things that need to be kept in mind. If you are thinking you will likely sell quickly and are worried you will lose money, renting may be the best bet.
You’re concerned about the costs. Homeownership does cost a bit more than renting. Not only are you responsible for insurance, maintenance, etc. you also have to keep in mind snow removal and other extras that come with mountain living.
If you think you need to table purchasing South Lake Tahoe real estate, we have a vacation rental company that can help you find something that matches your needs.
3 times you should buy homes for sale in South Lake Tahoe
Living out of suitcases can be exhausting, as is dealing with a new rental every time you visit. You may have one you like, but if you don’t book far enough in advance, it may not be available. If you find yourself spending more and more time here and just want a consistent place to lay your head, you may consider buying South Lake Tahoe real estate instead of renting.
You WANT to call someplace home. You already know you love it and you hate packing up everything you could possibly need for an extended trip in the car. When you own your South Lake Tahoe real estate, having a second home means simply packing up a suitcase, hopping on a plane or jumping in the car and driving…well, home. A home with all your things, decorated the way you please without worrying about any damages and not getting back a deposit.
You want a space for your family to enjoy as well. Summer vacations and Christmas getaways are such a blast. When you own the space everyone would be staying at, it makes it really easy (and affordable) to bring the entire crew together and create new traditions and memories.
You qualify. If you don’t have a challenging time qualifying for a second mortgage and can carry two, you may be ready.
For more information on buying South Lake Tahoe real estate or homes for sale in South Lake Tahoe, feel free to reach out. We have qualified South Lake Tahoe realtors who are ready to help you along this exciting journey.