Top 10 Reasons to Invest at the Lake Top 10 Reasons Why Now Is The Best Time To Invest in Lake of the Ozarks Real Estate 1.Baby Boomers John Tuccillo, Chief Economist for the National Assocation of REALTORS, predicts as baby bommers swell the ranks of retirement and pre-retirement buyers, their appetite for the good life will accelerate values of second homes. Right now 7% of Americans currently own a second home. Experts believe that the demand for second homes is about to sky rocket as the bumper crop of 40 million baby boomers reach prime second home buying age within the next ten years. Also, as the demand for second home rises, so dies the potential for increasing values for those who know to get in now on the ground floor. 2.Property At the Lake is Afforable When you compare property prices at the Lake of the Ozarks with other recreational areas such as Vail, Lake Tahoe, or Okabogi, IA, you will find that we are the best value. A two bedroom waterfront condminium with a boat dock can still be found for under $70,000.00. And if you want to place your home or condominium with a management company who will rent it when you are not using it, second home ownership becomes extremely affordable. Currently there is a good variety of waterfront homes, condominiums and golf course homes available in a wide range of prices. 3.Lake Property Appreciates In Value How many times have we said "If only I had bought 10 years ago"? We believe that people who don't invest in property at the Lake of the Ozarks this year will be repeating that phrase 10 years from today. Look at the facts. For the past 30 years we have had a steady appreciation of property values. Baby boomers will increase the deman and the Lake of the Ozarks is receiving national exposure as one of the tope recreational areas to consider for investment. The signals are clear for bullish times at the Lake of the Ozarks. 4.Invest in Yourself Many people who have purchased a second home point to the intrinsic value them and their family receive. One told us "it's my place to retreat, relax and recharge". If owning a second home is something you have always dreamed about, now may be the best time to make that dream become a reality. 5.Economic Condition are Favorable Before, when you wanted to borrow money for a second home you were charged a premium interest rate with a sizable down payment. Not any more. Second home mortgage money is not only easy to acquire;the rates and charges are similar to what you would pay far a promary home with as little as 10% down. If you have a question about how much you can afford for a second home contract us and we will give you a list of lenders who will pre-qualify you. Once you are prequalifies shopping for a second home can be easy and fun. 6.Property Taxes are Low With a tax rate of approximately $4/1000, many second home buyers are pleasantly surprised at how low our taxes are compared to other areas. 7. Second Home Tax Breaks Mortgage interest and property taxes on a second home are tax deductible. And if you borrow money on a home equity loan for your down payment, that too can be tax deductible. Rent out your second home and you may be able to deduct rental expenses and depreciation. Tax laws are complex and constantly changing. Be sure to consult your professional tax advisor for the best way to take advantage of owning a second home. 8. Good Stuff to do At the Lake Do you know that the number one activity at the Lake of the Ozarks is shopping? That's not hard to believe when you tink about all the great gift shops, antique stores and of course, our world famous Osage Village Premium Factory Outlet Mall. The lake has always been noted for good food and abundant restraurants. By boat or car, we have a selection that can't be beat. Also, lots of family fun, check out miniature golf, go carts, Miner Mikes and Big Surf. Kids of all ages love the lake. 9.A Boating Paradise Once you have boated on the Lake of the Ozarks, it is an experience you will not forget. With hundreds of miles of meandering shore line and protected deep coves, the lake provides room for large crusiers to small fishing boats, river boaters and salt water captains, who have come to our lake, applaud the clean waters, majestic scenery and the waterfront. 10. The Lake as a Golf Destination Golf is growing in popularity nationally and is exploding at the Lake of the ozarks. The May 1997 issue of Golf magazine had a two page feature article on golf at the Lake of the Ozarks, calling us "a golf hot spot in a watery wonderland". This national exposure is one more reason why the Lake of the Ozarks is becoming a Midwestern golf destination. During the past few years, Rolling Hills, the Eldon Country Club, Indian Rock, and Sycamore Creek have expanded their courses to 18 holes. The Lake of the Ozarks is a favorite golf destination. The lake area's courses feature designs by Jack Nicklaus, Arnold Palmer, Tom Weiskopf, Bruce Devlin, Robert Von Hagge and others. Golf will continue to grow and attract people and interest in second home ownership.