The real estate market continues to provide an environment for low prices for vacation and second home log cabin properties in the Great Smoky Mountain region. Log cabins located in Sevier County close to Gatlinburg, Pigeon Forge, and Sevierville are still providing in this market excellent rental revenues. The log cabins are situated within an area that is one of the most visited holiday destinations in the nation. In the current economy, especially with the distressed property seen in all parts of the nation, these log cabins might be among the best investments that are available in real estate. Once all of these aspects are combined with the reality that the regional economy has not been hit as hard as in other locations, log cabin investment for personal vacation or for rental property may be one of the more attractive options at this time.
Low Costs with Positive Cash Flow for Rental Log Cabins
As this piece is being written, we are offering a group of cabins at slightly over one-half of the appraised value, or 80 percent of the last advertised price by the bank-owner. As an illustration, one of my favorites in this group, the seller will take $184,000. The cabin is listed for $230,000, and the tax appraisal for the cabin is $330,000. The rental revenue last year (2009) was $45,514. Incomes for the group vary from $24,000 to more tha $45,000 in 2009. These are being offered at a very attractive price yielding positive cash flow. Of course, by the time this article is published and you have read it, this group of cabins will be gone. But, there will be more log cabins on the market that ought to offer similar appealing financial projections.
Outstanding Location of Smoky Mountain Log Cabins.
Millions come annually to the vacation attractions of Sevier County, Tennessee, and they continue to visit. The number of vacationers to this destination has continued at a high level during the recession. They might not spend as much as in the past, but they do have to spend on lodging, and vacation cabins are a part of that market. The Great Smoky Mountains National Park is the most visited national park in the nation. A lot of log cabin properties are next to, or are very close to the park. Dollywood, the exceptional theme park, is located in Pigeon Forge. In fact, the Dollywood theme park received the 2010 Applause Award, which was accepted by Dolly Parton in Orlando in November 2010. The region abounds with dining establishments, entertainment venues, and shopping possibilities for just about everything, and has all you want in terms of mountains, lakes, golf courses, and parks to permit guests to get outdoors and participate in hiking, rafting, boating, fishing, or just picnicking. Thus, any log cabin investment you make will be secured substantially by the fabulous gift of nature that exists and the outstanding investments citizens have made in the area.
The Great Smoky Mountains region is a place of stunning beauty, gracious neighbors, low cost of living and reasonable government. It really is the perfect place to work, raise a family, retire, and just simply enjoy living. This place is a little slower, much friendlier, not as restrictive, and much lower with respect to to taxes. If you enjoy mountains and lakes, along with first class attractions, you should like coming to the Great Smokies for your vacations. If you love it enough, it might make sense to buy your own log cabin and, in reality, "Own your own Vacation". You can buy your cabin at this time while prices are low, place the cabin on a rental program, and allow it help pay for itself. Eventually, you may well move in permanently, or just for a time, while you try the place on for size, or look for your final residence in the mountains.
A Great Smoky Mountains log cabin investment is easy to carry out.
Purchasing a log cabin is very comparable to purchasing a home, either primary or second - you have it inspected, get a loan or pay with cash, and the cabin is yours! You will have standard utilities just like any other house. You will need to do certain regular upkeep and maintenance. You can put your cabin in a rental program if it not located in a resort with a Home Owners Association that manages maintenance. There is always obtainable a management organization to take care of cabin maintenance, either the rental company, the homeowner's association, or a maintenance organization.
So, what about renting your log cabin if you buy one? The majority of owners select a cabin rental business to do this for them. The rental organization typically equips the log cabin with sheets, towels and consumables like soap and paper towels and napkins. The rental company also markets the cabin, books reservations, performs all the billing, check-in and check-out, cleans the cabin and gets the cabin ready for the next tenant.
A log cabin investment is an attractive opportunity, in spite of the economy.
What about wear and tear on the cabin? Some new owners are anxious concerning rough treatment of their cabin by renters; however, in actuality, there are not many issues with damage. The majority of renters that come to stay here have paid good money to do so - the visitors look forward to enjoying "their" cabin, and the visitors love living in it and everything about the cabin. Therefore, the visitors usually take good care of your cabin while the visitors are here. Also, log cabins age elegantly - the wood logs and decor of the cabins wear well.
A log cabin is indeed an investment you may want to investigate at this point, despite the slow healing of the economy. As I have pointed out, there are many factors why they are attractive right at this moment as an investment- low cost, rentals holding strong, and setting in a popular vacation getaway.
Author Resource:
A log cabin investment in the Great Smoky Mountains region is an opportunity you may would like to research at this time, regardless of the protracted restoration of the economy. Log cabins are coming to the market regularly, and are being offered at very appealing prices. Author Deborah Korlin, real estate broker and co-owner of Century 21 MVP in Sevierville, Tennessee, is very familiar with the home and log cabin investment market (http://deborah-korlin.c21mvp.net/) in Tennessee, especially in the Great Smoky Mountains. She is, consequently, a very good source of information and expertise. Get more information on real estate investment options and available properties in the Great Smoky Mountains and Knoxville, Tennessee at http://www.century21mvp.com.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")