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In the past, buying property was always a good investment. Recently the housing bubble burst and prices plummeted dramatically. Like the stock market, usually one buys when the prices are low. Lake Ozark real estate is one area worth considering. Now may be the opportune time to think of making an investment. Before a person begins looking, you should consider a few factors and possibly get an agent to help you. You must first decide if the purpose is to live at the property, use it for rental, or buy it for long-term investment. Location is always considered the prime consideration. It is important to be in a low-crime area and have amenities nearby. Zoning requirements may affect any decision, so check out if the land is commercial or residential. Also try to determine if there is the possibility of future development near the land. Size is a second factor. A larger property or house that has 4 or 5 bedrooms can be rented for more and may have more resale value. Size of the yard and being a corner lot is important too. The last factor to consider is the condition of the property and buildings. Many people want a ready to move into property in pristine condition. Others like a fixer-upper that can yield a quick profit. Beware that many times there are hidden and unforeseen costs in remodeling and repairs. To make a sound investment, one should thoroughly inspect the property, and also visit the site at night. One buyer found that his quiet daytime property turned into a noisy street market at night. Lake Ozark real estate is one of the many choices of places to invest. Land is still worth buying. Now is a buyers' market, but getting an agent to help evaluate the land or house may well be worth the money. Four Seasons Realty specializes in all areas of real estate: homes, townhomes, condominiums, waterfront property, commercial, building lots and farms at Lake of the Ozarks in Missouri.(www.4seasonsrealtyinc.com)
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