What is a Recreational Property? [Complete Guide]
Whether you are looking for a place to escape the hustle and bustle of daily life or a prime location for investment, recreational property is an increasingly popular option. But what exactly is recreational property?
Let's take a look.
What is a Recreational Property?
A recreational property is defined as any piece of land that is used primarily for leisure activities
such as:
? Camping
? Fishing
? Hunting
? Boating
? And other outdoor activities
They can range from small plots of land to sprawling estates and can come with or without structures such as cabins, sheds, garages, etc. Depending on your needs and preferences these properties can be used as vacation homes or even permanent residences.
Types of Recreational Properties
There are two main types of recreational properties: Residential and Commercial.
Residential recreation properties are typically smaller parcels of land (usually two acres or less) located in rural areas which are used primarily for personal use by their owners. Commercial recreation properties are larger parcels (generally more than two acres) located in more populated areas which may be used for business purposes such as campgrounds or resorts.
Benefits of Investing in Recreational Property
Investing in a recreational property can be a great way to create long-term wealth through appreciation value while also creating lifelong memories with your family by taking advantage of all the outdoor activities available near your new home away from home! Before making any decisions it’s important to do your research on local zoning regulations, taxes associated with owning a recreational property, and any other factors that could impact your decision-making process when it comes time to purchase your own slice of paradise! More importantly, consult a recreational property expert for advice and assistance! With the right knowledge in hand, you’ll be ready to invest confidently in one of these unique pieces of real estate!
How are Recreational Properties Different from Residential Properties?
Recreational properties and residential properties are different in several ways, most notably the zoning restrictions that come with each type of land. Residential properties tend to be much more restrictive, as they must comply with local zoning laws in order to be used for residential purposes. On the other hand, recreational properties are less restrictive and generally don’t require as much adherence to zoning laws.
In addition, Recreational properties also tend to be located on bodies of water such as rivers or lakes and feature amenities such as boat ramps or docks.
Not to mention, recreational properties typically come with access to outdoor activities such as fishing, hunting, and boating that you wouldn’t get with a residential property.
As you can see, recreational properties can provide a unique way to get away from it all and create lasting memories with your family that you won’t find in a residential property. So if you’re looking to make a sound investment while also creating some great memories, a recreational property may be just the ticket!
Why Should I Choose Someone Who Specializes in Recreational Property?
Just as lawyers specialize in different areas of law, all real estate agents are not created equal when it comes to buying or selling recreational property.
An experienced agent who specializes in this type of real estate will possess extensive
knowledge of local zoning regulations which can help ensure your transaction goes smoothly. They will also understand the specific needs of buyers looking for a recreational property such as access to fishing spots or other outdoor activities nearby.
Finally, they will have established relationships with lenders who specialize in financing these types of transactions so that you can get the best possible rate on your loan!
Final Words
So, what exactly is recreational property? In short, it's any piece of land that can be used for recreation. This could include anything from undeveloped woodlands to fully developed resorts. It really just depends on what you're looking for and what you plan on using the property for. If you're interested in purchasing or developing a recreational property in Northwood Wisconsin, then be sure to get in touch with Wi Land and Lake Property. We specialize in helping peoplefind and develop the perfect piece of property for their needs.
So contact us today and let us help you make the most of your investment.
Until Next Time
Semper-Fi
Eric