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

The economy continues to provide an atmosphere for low costs for vacation and second home log cabin properties in the Great Smoky Mountain region. Log cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are still providing in this market outstanding rental revenues. The cabins are situated in an area that is one of the most visited vacation destinations in the nation. In today's real estate market, especially with the distressed property seen in all parts of the nation, these log cabins may be among the best investments that are available in real estate. Once all of these factors are combined with the actuality that the regional economy has not been hit as hard as in other areas, log cabin investment for personal vacation or for rental property may be one of the more attractive possibilities at this time.

Low Costs with Positive Cash Flow for Rental Log Cabins

As this article is being prepared, we are offering a group of log cabins at a little 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. It is listed for $230,000, and the tax appraisal for the cabin is $330,000. The rental income last year (2009) was $45,514. Incomes for the group range from $24,000 to more tha $45,000 in 2009. These log cabins are being offered at a fantastic price yielding positive cash flow. Of course, by the time this article is published and you have read it, this group of log cabins will be gone. But, there will be more log cabins on the market that ought to offer similar appealing financial projections.

Exceptional Location of Smoky Mountain Log Cabins.

Millions make the trip 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 throughout the recession. They might not spend as much as in the past, but they do have to spend on lodging, and log 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 border, or are very close to the park. Dollywood, the exceptional 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, Florida in November 2010. The area abounds with dining establishments, amusement venues, and shopping options 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 take pleasure in hiking, rafting, boating, fishing, or just picnicking. So, any log cabin investment you make will be secured substantially by the marvelous gift of nature that exists and the exceptional investments citizens have made in the region.

The Great Smoky Mountains region is a land of breathtaking beauty, friendly neighbors, low cost of living and reasonable government. It's the perfect location to work, raise a family, retire, and just simply enjoy living. This area is somewhat slower, much friendlier, not as restrictive, and way lower with respect to to taxes. If you enjoy mountains and lakes, together with top quality attractions, you should love coming to the Great Smokies for the vacations. If you like it enough, it may well make sense to buy your own cabin and, in fact, "Own your own Vacation". You can purchase your cabin now while prices are low, place it on a rental program, and let the cabin 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 home in the mountains.

A Great Smoky Mountains log cabin investment is simple to make.

Buying a log cabin is very comparable to purchasing a residence, either primary or second - you have the cabin inspected, obtain a loan or pay with cash, and the cabin is yours! You will have standard utilities just similar to any other house. You will need to do certain regular upkeep and maintenance. You can place your log cabin in a rental program if it not located in a resort with a Home Owners Association that takes care of maintenance. There is always obtainable a management company 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? Nearly all owners select a cabin rental business to perform this for them. The rental organization usually equips the cabin with sheets, towels and consumables such as soap and paper towels and napkins. The rental organization also advertises your cabin, takes reservations, performs all the billing, check-in and check-out, cleans the property and gets the cabin ready for the next occupant.

A log cabin investment is an appealing opportunity, in spite of the economy.

What about wear and tear on your cabin? Some new owners will be anxious concerning rough treatment of their log cabin by tenants; however, in fact, there are very few issues with damage. Most vacationers that come to visit here have paid respectable money to do so - the visitors look forward to enjoying "their" log cabin, and the visitors love being in it and everything about it. Accordingly, they generally take good care of your log cabin while they are here. Also, log cabins get older elegantly - the timber logs and interior decoration of the log cabins wear well.

A log cabin is indeed an investment you might want to investigate at this time, in the face of the slow recovery of the economy. As I have noted, there are several factors why log cabins are attractive right at this moment as an investment- low cost, rental fees holding strong, and setting in a popular vacation getaway.

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A log cabin investment in the Great Smoky Mountains region is an opportunity you might would like to investigate at this time, notwithstanding the slow restoration of the economy. Log cabins will be coming to the market regularly, and are being offered at very attractive 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, consequently, a very good source of information and expertise. Obtain more information on real estate investing possibilities and available real estate in the Great Smoky Mountains and Knoxville, Tennessee at www.century21mvp.com.

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