Lake Martin Team, Homes for sale and lease in Lake Martin, Alabama Watch our real estate channel on YouTube Team Lake Martin Twitter - get Lake Martin real estate updates Find the Lake Martin AL team on FaceBook

Why to Buy a Condo on Lake Martin

Posted on

Have you ever been curious about what it would be like to live near water? Is a lake home something you’ve always dreamed of? If you’re even the least bit curious about Lake Martin living, today’s post is for you. We’re talking all things condo! Why buy a condo on Lake Martin? We’re so glad you asked.

The number one reason people buy condos on Lake Martin is because of what we like to call “the maintenance free lifestyle.” A condo allows you to simply show up, enjoy the lake, and spend time with your family and friends without all the work typically required in homeownership. Each complex offers different amenities such as pools, beaches, boat slips and views.  The grounds are always maintained beautifully without you have to spend your time working in flower beds or mowing a lawn. This is especially helpful for owners seeking a second home. Since you already maintain a primary residence, enjoy a condo’s freedom with minimal upkeep and all the benefits of a prime location!

Another reason people purchase condos is due to their investment possibilities. Buying a condo can be a great investment because of their rental potential. Investing in a rental gives you a vacation home without the cost. Not only do you have a wonderful lake home to enjoy with your family and friends, others (your renters!) are helping you pay for it. Once it’s paid for, you can always put it on the market, get your return on investment (and then some!), and recall years of lake memories that you essentially made money on. While some condos can be rented, it is important that you know not all condos on the Lake Martin allow rentals. We have several available condos currently available that can be rental investment properties: Crowne Pointe, Stoneview Summit, North Lake, and Sunset Cove all offer rental potential. If you’re already a condo owner looking to put your home on the rental market, contact Cindy Scroggins at 256-794-3372. It’s the first step in letting your vacation work for you!

Finally, condos allow owners the most bang for their buck. Condos are usually at a great price point for what you get on Lake Martin. They often come with great views, beautiful land and landscaping, pools, beaches, waterfront, and storage rooms. If you are trying to buy a house with all these things, you will inevitably spend twice as much. In our opinion, you just can’t find anything on Lake Martin that gives you more for your money than a condo! Plus, a condo is perfect for those looking for an entry level lake home. You can spend a smaller amount to discover where and what you love most about the lake before investing in a larger, long term home.

If you have any questions about condo living, don’t hesitate to reach out. We’d love to chat with you more and help you find the right home for you. In the meantime, we’d love to see you at our condo event. Details are below!

Join us for a Condo Cruise on Lake Martin on
Saturday, July 28th from 10AM-2PM!

Stop at any of the condos listed in the open house event to pick-up your passport, and get your passport stamped at the condos you visit. Passports with the most stamps will be entered in a drawing to win $300!

To view our current condo listings, click here!

 

Categories: Investment Lake Martin Lake Martin Alabama Lake Martin Events Lake Martin Neighborhoods Lake News Location Newsletter Real Estate tips

Tags: Alabama lake Condos Condos on Lake Martin happenings homes for sale Lake Martin investment property lake home lake life lake martin Lake Martin Condo Lake Martin living lakefront property real estate Lake Martin AL spring events on lake martin tips

Leave a Reply

Your email address will not be published. Required fields are marked *