We’re starting to see articles in Lake Keowee area newspapers about the impending arrival of the fall colors (see below). We’ve had a handful of cooler nights over the past couple of weeks but are still dealing with days in the 90’s. This is the Deep South so stop acting surprised. Think of it this way, if you must to deal with temps in the 90’s, what better place to do that then on Lake Keowee? It’s hard to complain about trivialities when the fall days and nights are some of the most spectacular anywhere in the world. The cool, crisp evenings with a fire going and the myriad of colors framing it all – what could possibly be better?
There have been other interesting developments over the past week as the Tigers won again and during halftime of the game they filmed portions of an upcoming movie based on the life of Ray Ray McElrathbey, a former Clemson football player. The movie is slated to be released in a year or so (again, see below under the news section for additional information). There are also a couple of new restaurants coming to downtown Seneca, scheduled to open this fall.
As for real estate, things are slower than the height of the season, which is to be expected, but we’re still plenty busy. We’ve been able to put two Lake Keowee waterfront homes under contract over the past week and are adding a new lot listing to the fold. We’ve also been working hard to bring the contracts we have on our board to a close. We hope to continue the trend next week, with putting at least one more Lake Keowee waterfront home under contract. Fingers crossed!
You sellers remember: folks are still out there looking even if there are fewer of them. Your Lake Keowee property needs to look its absolute best!
When it comes to buying and selling on and around Lake Keowee we bring the most experience to the table. If we’re not already helping you to buy or sell and you are looking to, give us a call, text or email!
How To Avoid Paying Too Much
Tip No. 5 It’s a cliché, but… Location, Location, Location
The desirability and resale value of your home-to-be depend on location more than any other single factor. Again, don’t let emotion get in the way of a wise investment. No home is an island, and the value of yours is affected by the homes that surround it.
Assuming you’re already considered the elements that make up a desirable community – character, quality of schools, access to work places and services, recreational facilities, etc. – there are several elements that combine to create a good location.
Your first consideration is the neighborhood. Every neighborhood has its own unique character; you need to make sure you’d be comfortable in the one you’re thinking of living in . Thake a long walk and observe carefully. Do people take care of their yards and homes? Are the yards fenced> Do children play in in the streets? Talk to the neighbors and ask questions that give you a better feel for the area. But be careful not to appear judgmental – you might be talking to a future neighbor.
If the neighborhood is to your satisfaction, look at homes on the market in the area. Extremely large homes surrounded by smaller ones tend to appreciate less than a large home among other large homes. Conversely, the smallest home in the neighborhood tends to be “pulled up” by the other homes on the block. However, it might take longer to sell a smaller home when the time comes because many people are unwilling to pay extra for the neighborhood.
The outer edge of a neighborhood is usually not good for resale value. There are noticeable dividing lines between unlike neighborhoods. It could be a difference in architectural styles, home size, property use or something else. Look for a home in the middle of a community of similar homes; it will hold its value better.
An exception to this rule ia ahouse on the edge of a neighborhood bounded by woods, park land, a golf course or other open space. Natural boundaries appeal to buyers, and these “edge” homes can actually command a better price. Of course, the exception to this rule is when there’s an unpleasant use planned for the open space. An open field with a babbling brook is nice; a new freeway, strip mall or factory isn’t.
Other things that can negatively affect property values are traffic, sounds, smells, etc. Be Sure to give the neighborhood a long, hard look. The home you’re interested in may be perfect, but it the neighborhood has problems, your investment won’t be worth as much when the time comes to sell.
More next week….
Check out the Lake Keowee Real Estate numbers for the year