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Dreaming of Buying a Lake House? Everything to Know Before Diving In

Redfin

If you’re mainly using your lake house for personal use as a secondary residence, you can deduct the mortgage interest and property taxes. Waterfront land leases You may own the house, but it could be on leased land owned by the government or other agency.

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Flood Plains, High Winds, and Leased Land: Your Guide to Buying a House in Palm Springs

HomeLight

You’ll have to navigate land leases, HOA requirements , and stiff competition from other buyers set on purchasing your picture-perfect property. Get your home inspected. And he says it’s not just the inside of the home you need to inspect thoroughly. Some people also get a sewer inspection, but these aren’t common.).

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How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. Mobile homes built before a specific date often require chattel mortgages instead of traditional ones, which is key for investment planning. For used homes, inspect the foundation, walls, and plumbing.