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- Location, Location, Location: Lake Tahoe offers a variety of locations to choose from, including lakefront properties, ski-in/ski-out properties, and properties in the surrounding forests. Consider what is most important to you, whether it’s proximity to the lake, ski slopes, or access to hiking and biking trails. All of Tahoe is beautiful, but which corner will fit you the best?
- Seasonal Changes: Lake Tahoe experiences significant changes in weather and population between the summer and winter seasons. Consider how you plan to use your property and make sure you are comfortable with the seasonal changes in activity level, weather conditions, and property values. Lots of people, come for the winter skiing and end up staying for the stunning summers and peaceful shoulder seasons.
Canino Family Ski Day!
- Property Ownership and Use Restrictions: Make sure you understand the property ownership and use restrictions in the area you are interested in. Some areas may have HOA fees, CC&Rs, or other restrictions on how you can use and maintain your property. If you are thinking about short term rentals, know the rights and restrictions at work too.
- Natural Hazards: Lake Tahoe is located in a high-risk area for natural hazards, including wildfires and earthquakes. Make sure you understand the risks associated with owning property in the area and take steps to protect your investment. Ask for references to local insurers who know the unique challenges of the Tahoe market.
- Property Taxes: Similar to the rest of California, Lake Tahoe property taxes can be high, so it is important to understand the tax implications of ownership before making a purchase.
- Market Trends: The real estate market in Lake Tahoe can be impacted by a variety of factors, including local and national economic conditions, changes in population, and seasonal demand. However, Tahoe’s intrinsic beauty, rugged natural landscapes, and unique homesites will always be in demand. Make sure you have a good understanding of current market trends and conditions before making a purchase.
- Legacy: Oftentimes, a property in Tahoe will become a cornerstone for generational memories. Tahoe’s natural beauty and expansive opportunities for adventure practically guarantee that any property in Tahoe, well-used and well-loved, will become a part of your family legacy.
Sam Canino’s extended family squeezing into his Grandfather’s small cabin in North Shore.
- Expert Help: Buying property in Lake Tahoe can be a complex process, so it is important to work with an experienced real estate agent or team who can help guide you through the process and protect your interests.
By understanding these key factors, you can make an informed decision when buying property in Lake Tahoe and ensure that your investment is a wise one.
