As the housing market struggles to straighten out, it’s not stopping realtors from finding the best places to buy houses, especially lake houses.
According to Travel + Leisure, Saranac Lake in upstate New York is the best place to buy your next lake house.
Most people who can afford to buy lake houses are doing so in order to buy a nice vacation home for themselves. Lake houses can offer water sports, gorgeous views, and nice weather, putting them in high demand.
Saranac Lake, New York named best place to buy a lake house investment property
Saranac Lake is located in the Adirondacks surrounded by forests and water.
Three factors were used to determine what makes the best place to buy a lake house:
- Property rental performance
- Median home values on Zillow
- Estimated yearly expenses
Investors who want to see a return may have the best luck in Saranac Lake. All four seasons can offer visitors something to do.
People can hike, ski, fish, swim, and boat depending on the season.
In the fall the foliage is absolutely stunning and close to Whiteface Mountain, which is great for snow sports in the winter.
In addition to the skiing and other snowy activities is the town’s Winter Festival, which has been around for a century. The town has year round community activities to offer all year too, not just in winter or fall.
Saturday’s have farmer’s markets during the summer and Thursday’s have “evening art walks.” The summer has concerts all throughout the area.
If you want a lake house in Saranac Lake, you’ll need to move fast. Houses are selling before they even hit the market and the inventory remains low.
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