Opportunity for Low Cost Log Cabin Investment in the Great Smoky Mountains

The economy continues to provide an environment for low costs for vacation and second home log cabin properties in the Great Smoky Mountain region. Cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are still providing in this market outstanding rental income. The cabins are situated within an area that is one of the most visited vacation places in the nation. In the current real estate market, particularly with the distressed property seen in all parts of the country, these log cabins might be among the best investments that are obtainable in real estate. Once all of these factors are combined with the fact that the local economy has not been hit as hard as in other areas, log cabin investment for private vacation or for rental property may be one of the more attractive possibilities at this time.

Low Costs with Positive Cash Flow for Rental Cabins

As this article is being prepared, we are offering a group of log cabins at a little above one-half of the appraised value, or 80 percent of the last advertised price by the bank-owner. As an example, 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 it is $330,000. The rental income 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 fantastic price yielding positive cash flow. Obviously, by the time this article is in print and you have read it, this group of log cabins will be gone. However, there will be more log cabins on the market that ought to offer comparable attractive financial projections.

Exceptional Location of Smoky Mountain Log Cabins.

Millions come annually to the vacation pleasures of Sevier County, Tennessee, and they continue to come. The number of vacationers to this destination has continued at a high level during the recession. They might not spend as much money as in the past, but they do have to pay out on lodging, and cabins are a part of that market. The Great Smoky Mountains National Park is the most visited national park in the country. A lot of cabin properties border, or are very near the park. Dollywood, the marvelous theme park, is situated in Pigeon Forge. In fact, the Dollywood theme park received the 2010 Applause Award, which was received by Dolly Parton in Orlando in November 2010. The area abounds with dining establishments, amusement locations, and shopping possibilities for just about everything, and has all you need in terms of mountains, lakes, golf courses, and parks to allow guests to get outdoors and enjoy hiking, rafting, boating, fishing, or just picnicking. So, any log cabin investment you make will be protected substantially by the amazing gift of nature that is present and the outstanding investments citizens have made in the region.

The Great Smoky Mountains region is a place of breathtaking beauty, friendly neighbors, low cost of living and reasonable government. It is the perfect location to work, raise a family, retire, and just simply enjoy living. This place is somewhat slower, a whole lot friendlier, not as restrictive, and much lower with respect to to taxes. If you like mountains and lakes, along with first class attractions, you should enjoy coming to the Great Smokies for your vacations. If you like it enough, it may make sense to acquire your own cabin and, in fact, "Own your own Vacation". You can purchase your cabin at this time while prices are low, put it on a rental program, and allow it help pay for itself. In time, 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 simple to make.

Purchasing a log cabin is actually similar to buying a residence, 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 home. You will have to to perform some regular upkeep and maintenance. You can put your cabin in a rental program if it not sited in a resort with a Property Owners Association that takes care of maintenance. There is always obtainable a management organization that will 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 purchase one? The majority of owners select a cabin rental company to do this for them. The rental organization typically equips the log cabin with sheets, towels and consumables such as soap and paper towels and napkins. The rental organization also advertises your cabin, takes reservations, does all the billing, check-in and check-out, cleans the cabin and gets the cabin prepared for the next occupant.

A log cabin investment is an attractive opportunity, notwithstanding the economy.

What about wear and tear on your rental cabin? Many new owners are concerned about rough treatment of their cabin by renters; however, in fact, there are few problems with damage. The majority of vacationers that come to visit here have paid good funds to do so - they look forward to visiting "their" cabin, and the visitors like being in it and everything about it. Consequently, the visitors generally take decent care of your cabin while they are here. Also, log cabins get older elegantly - the wood logs and interior decoration of the cabins wear well.

A log cabin is certainly an investment you may want to explore at this point, regardless of the protracted recovery of the economy. As I have identified, there are many factors why log cabins are appealing right now as an investment- low cost, rental fees holding strong, and location in a well-liked vacation destination.

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A log cabin investment in the Great Smoky Mountains region is an opportunity you may want to investigate at this point, despite the protracted restoration of the economy. Log cabins will be coming to the marketplace 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 (deborah-korlin.c21mvp.net/) in Tennessee, especially in the Great Smoky Mountains. She is, therefore, a very good source of information and expertise. Get more facts on real estate investment opportunities and available real estate in the Great Smoky Mountains and Knoxville, Tennessee at www.century21mvp.com.

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