The dream home. Everybody has one. Whether it’s a rustic cabin in the woods, an ultra-modern condo in the city, or an open-air beach house, everybody has that one type of home that they can see themselves being completely happy in. For me, it was always a cozy lake house on Lake Coeur d’Alene. If you’re not familiar with Lake Coeur d’Alene, or perhaps you’ve heard of it and seen a few photos, I highly recommend adding this beautiful town to your summer vacation destination list. The lively downtown scene is just a stone’s throw from the lake, with a sprawling public beach and a favorite local haunt, Tubbs Hill, famous for its lakeside hiking trails. With over 100 miles of natural shoreline, Lake Coeur d’Alene boasts some of the most pristine lake cabin spots in the Pacific Northwest. Whether you live there year-round or only visit during the summers, the possibilities are endless when it comes to real estate along the lake.
Intrigued yet? Not sure where to start? If, like me, you’ve found yourself fantasizing about waking up to watch the sun rise over pristine blue waters or walking out your back door to jump right into the lake, then here are a few tips to get you started on your search for your dream home.
- Know what you’re looking for. Before you even begin your search, it’s good to have a few parameters to help you narrow in on that perfect piece of lakeside real estate. What is your overall budget? What kind of borrowing power do you have (i.e. how good is your credit, and is it good enough to help you qualify for a home loan)? Once you’ve determined those things, you can realistically figure out what types of real estate are available to you, the size and style of housing options you have…etc.
- Check local listings. This can be done the old fashioned way by browsing the local newspapers, or by looking up local real estate ads and agencies online. You can even call a few different real estate agencies and speak with an agent about the current housing market trends, what you’re looking for, and what’s available.
- Use real estate apps like Zillow and Trulia. This will allow you to search using custom filters and geographical locations. You can also use these websites to set up email or text alerts whenever real estate within your search parameters comes up for sale. Use generic search keywords like “Coeur D Alene real estate listings” or “Coeur D Alene real estate for sale” and then use the map tool to find real estate investment opportunities in the locations you want. Once you’ve narrowed it down to a handful of properties, contact the realtor or owner and set up a time to actually go out and tour the property.
Remember, be patient. Finding the perfect piece of investment property, especially on Lake Coeur d’Alene, is going to take careful planning, time, and energy. If you’ve already been looking for a while and still haven’t found that perfect lake house you’ve always dreamt of, just wait. Be patient. If you rush into an investment, it may prove to be more of a nightmare than a dream home. But if you wait and watch, you will eventually find that dream home you’ve always wanted at just the right price for you.