There is no better time than NOW to purchase a second home.
Norris Lake Properties offers a location and a vacation that practically sells itself. Investing in a vacation home is all about a lifestyle and Norris Lake Properties delivers breathtaking landscape, incomparable water sports and an unmatched quality of living. Norris Lake Properties offers a wonderful opportunity for a lakefront rental investment, a second home retreat, full time living, and smart option for investors working on the equity advantage of a 1031 Exchange.
Here’s why a vacation property at Norris Lake is a smart investment.
Purchasing a vacation home is smart investment that can generate positive cash flow and begin paying for itself even before the potential tax benefits and appreciation are taken into account. All interest for a primary and vacation home — up to $1 million — is tax deductible. If you sell your primary residence you can take up to a $500,000 capital gains exclusion, then move into your vacation home, live there for the next five years, and then qualify for an additional capital gains exclusion for up to $500,000.
In addition, many vacation home buyers can also can take advantage of a 1031 tax free exchange, where you can sell one property and exchange it for a vacation home and defer all the capital gains on profits.
We make it easier than ever to help your property pay for itself!
We offer turnkey, at-cost volume-controlled property management services for rental and private homes. Our ability, experience and in-house resources allow Norris Lake Properties to provide our homeowners with the personal service, attention to detail and the responsive communication you would expect from an established management company.
• Guest services
• Rental database
• Calendar updates
• Tenant screening
• Online marketing
• E-mail marketing
• Search engine optimization
• Incentivized loyalty programs
• Social media
• State Department of Tourist Development
• Convention and Visitors Bureau
• Professional housekeepers and cleaning crews
• Emergency services
• Seasonal maintenance
With over NUMBER years of combined experience, and considerable familiarity with the area, we have the resources, skills and staff to provide our homeowners the best possible service.
Don’t miss out on this exciting opportunity.
Call or e-mail us today: