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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 log cabins are situated in an area that is one of the most visited holiday places in the country. In the current economy, especially with the distressed property experienced in all parts of the nation, these log cabins might be among the best investments that are offered in real estate. Once all of these aspects are combined with the fact that the regional economy has not been hit as hard as in other places, log cabin investment for private vacation or for rental property may well be one of the more attractive possibilities at this time. Low Prices with Positive Cash Flow for Rental Cabins As this piece is being written, 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 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 are being offered at a very attractive price yielding positive cash flow. Of course, by the time this article is in print and you have read it, this group of cabins will be gone. However, there will be more log cabins in the pipeline that ought to present similar attractive financial projections. Outstanding 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 the area has held up well all through the recession. They may not spend as much money as in the past, but they do have to pay out on place to stay, and vacation 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 are next to, or are very close to the park. Dollywood, the marvelous theme park, is located 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, entertainment locations, and shopping possibilities for just about everything, and has all you want in terms of mountains, lakes, golf courses, and parks to allow visitors to get outdoors and take pleasure in hiking, rafting, boating, fishing, or just picnicking. Consequently, any log cabin investment you make is going to be secured substantially by the magnificent gift of nature that is present and the exceptional investments citizens have made in the region. The Great Smoky Mountains region is a land of amazing beauty, friendly neighbors, low cost of living and sensible government. It really is the ideal place to work, raise a family, retire, and just simply enjoy life. This area is somewhat slower, much friendlier, not as restrictive, and much lower when it comes to taxes. If you like mountains and lakes, together with first class attractions, you will love coming to the Great Smokies for your holidays. If you like it enough, it may make sense to buy your own log cabin and, in fact, "Own your own Vacation". You can purchase your cabin at this time when prices are low, place it on a rental program, and allow it help pay for itself. Eventually, you could move in permanently, or just for a time, while you try the place on for size, or search for your final residence in the mountains. A Great Smoky Mountains log cabin investment is simple to make. Purchasing a log cabin is very comparable to purchasing a home, either primary or second - you have it inspected, get a loan or pay with cash, and the cabin is yours! You will have normal utilities just like any other house. You will need to perform certain standard upkeep and maintenance. You can place your cabin in a rental program if it not located in a resort with a Home Owners Association that manages maintenance. There is always obtainable a management organization that will take care of home maintenance, either the rental company, the homeowner's association, or a maintenance business. Now, what about renting your log cabin if you buy one? Most owners select a cabin rental company to perform this for them. The rental organization typically furnishes the cabin with sheets, towels and consumables like soap and paper towels and napkins. The rental organization also advertises the cabin, books reservations, performs all the billing, check-in and check-out, cleans the cabin and gets the cabin ready for the next renter. A log cabin investment is an attractive opportunity, in spite of the economy. What about wear and tear on your cabin? Some new owners are concerned concerning rough treatment of their log cabin by renters; but, in reality, there are not many problems with damage. The majority of renters that come to stay here have paid good money to do so - they look forward to visiting "their" log cabin, and they enjoy being in it and everything about it. Consequently, the visitors usually take good care of your cabin while they are here. Also, log cabins age gracefully - the wood logs and decor of the cabins wear well. A log cabin is indeed an investment you may want to explore at this point, regardless of the slow healing of the economy. As I have identified, there are several reasons why they are attractive right at this moment as an investment- low cost, rentals 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 might would like to investigate at this time, despite the protracted restoration of the economy. Log cabins will be coming to the market 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. Obtain further facts on real estate investment options and available properties in the Great Smoky Mountains and Knoxville, Tennessee at www.century21mvp.com.
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