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The real estate market continues to provide an atmosphere for low costs for vacation and second home log cabin properties in the Great Smoky Mountain area. Log cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are even now providing in this economy excellent rental income. The log cabins are located within an area that is one of the most visited vacation places in the nation. In the present economy, particularly with the distressed property seen in all parts of the country, these log cabins may be among the best investments that are offered in real estate. When all of these aspects are combined with the fact that the local economy has not been hit as hard as in other locations, log cabin investment for private vacation or for rental property may be one of the more attractive options at this time. Low Costs with Positive Cash Flow for Rental Cabins As this article is being prepared, we are offering a group of 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. It is listed for $230,000, and the tax appraisal for it is $330,000. The rental revenue last year (2009) was $45,514. Incomes for the group range 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 cabins in the pipeline that ought to offer comparable attractive financial projections. Outstanding Location of Smoky Mountain Log Cabins. Millions make the trip to the holiday pleasures 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 money as in the past, but they do have to pay out on lodging, and vacation cabins are a part of that sector. The Great Smoky Mountains National Park is the most visited national park in the country. A lot of log 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 won 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 opportunities 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. So, any log cabin investment you make will be secured substantially by the marvelous gift of nature that abounds and the exceptional investments people have made in the area. The Great Smoky Mountains region is a place of magnificent beauty, friendly neighbors, low cost of living and sensible government. It is the perfect place to work, raise a family, retire, and just simply enjoy living. This place is a little slower, a whole lot friendlier, not as restrictive, and way lower when it comes to taxes. If you enjoy mountains and lakes, along with top quality attractions, you should love coming to the Great Smokies for the vacations. If you love it enough, it might make sense to acquire your own cabin and, in reality, "Own your own Vacation". You can purchase your log cabin now when prices are low, place the cabin on a rental program, and let it help pay for itself. In time, you may well move in permanently, or just for a season, 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 easy to carry out. Investing in a log cabin is actually comparable to purchasing a residence, either primary or second - you have it inspected, obtain 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 certain standard upkeep and maintenance. You can place your cabin in a rental program if it not situated in a resort with a Home Owners Association that manages maintenance. There is always available a management company that will take care of cabin maintenance, either the rental company, the homeowner's association, or a maintenance organization. Now, what about renting your cabin if you purchase one? The majority of owners select a cabin rental company to do this for them. The rental company usually equips the cabin with sheets, towels and consumables such as soap and paper towels and napkins. The rental company also markets the cabin, takes reservations, performs all the billing, check-in and check-out, cleans the cabin and gets the cabin prepared for the next tenant. A log cabin investment is an appealing opportunity, despite the economy. What about wear and tear on your rental cabin? Some new owners will be anxious about harsh treatment of their cabin by renters; but, in actuality, there are few issues with damage. The majority of tenants that come to stay here have paid good money to do so - the visitors look forward to coming to "their" log cabin, and the visitors like being in it and everything about the cabin. Consequently, the visitors usually take good care of your log cabin while the visitors are here. Also, log cabins get older elegantly - the wooden logs and interior decoration of the cabins wear well. A log cabin is certainly an investment you might want to investigate at this point, regardless of the slow recovery of the economy. As I have noted, there are many factors why log cabins are appealing right at this moment as an investment- low cost, rental fees holding strong, and location in a well-liked holiday getaway.
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A log cabin investment in the Great Smoky Mountains region is an opportunity you may would like to investigate at this time, regardless of the slow recovery of the economy. Log cabins will be coming to the marketplace constantly, 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, for that reason, a very good source of information and expertise. Get further information on real estate investing options and available real estate in the Great Smoky Mountains and Knoxville, Tennessee at www.century21mvp.com.
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