Southdown/Long Bay or Wolfeboro

[Major]

Originally Posted by jetskier

It is permissable for a private berth owner to rent to a Long Bay owner. South Down owns 65 berths which are rented annually; I believe that they are preferentially rented to South Down owners and if there is availability to Long Bay owners.

jetskier

Hi Jetskier, you are correct, it is permissible for a private owner to rent. The person I rented from sold his home, and Carol related that SDSC prohibits renting its racks to Long Bay owners, but allows private rentals. The year my rack was sold, there were little or no racks available. Sorry!

[knowit]

Just compare the taxes of Wolfeboro vs Laconia. That makes it pretty simple to me at least.

[8gv]

I pay Long Bay fees of $1,750/year and my "village" fee is $500/year.

We own our home and lot.

Real estate agents and their clients sometimes get the fee numbers wrong.

Due diligence is a must.

Regarding an owned boat slip:

Check with the town to see what the annual taxes are.

Also, there may be an annual fee for general dock maintenance.

If your intention is to make it your permanent residence in five years you may benefit from waiting a while.

The vacation home demand here may have peaked and more reasonable prices could be on the horizon.

[Momofthreema]

Originally Posted by 8gv

I pay Long Bay fees of $1,750/year and my "village" fee is $500/year.

We own our home and lot.

Real estate agents and their clients sometimes get the fee numbers wrong.

Due diligence is a must.

Regarding an owned boat slip:

Check with the town to see what the annual taxes are.

Also, there may be an annual fee for general dock maintenance.

If your intention is to make it your permanent residence in five years you may benefit from waiting a while.

The vacation home demand here may have peaked and more reasonable prices could be on the horizon.

Yes, agree 100%…we are just getting back into the market because we see the beginning of the softening, we missed the run up by about 6 months in 2020, so we decided to pull back and watch. I think there will be a definite softening over the next 24 months, so we’re hoping to find a desirable house at a price we think is reasonable. We’re seeing sooooo many houses priced 200k-300k higher than what they were bought for 2-2.5 years ago. That’s usually not sustainable over the long term. Not trying to time the market, but also trying to be smart with our hard earned dollars. 🤞

[Juiced06GTO]

Tons of great info in this thread! My wife and I are also seriously considering a second home around the lake now that things seem to have slowed a little, just watching the price reductions come through on Zillow has got me excited again! Good luck with your search!

[tis]

I hate associations. I was on a board once and the politics are ridiculous.

[8gv]

Associations are not for everybody.

Whenever there are humans involved it can get interesting.

That said, I could not live where I live and enjoy the amenities of this nice neighborhood without an HOA.

[laketrout]

Originally Posted by Momofthreema

Yes, agree 100%…we are just getting back into the market because we see the beginning of the softening, we missed the run up by about 6 months in 2020, so we decided to pull back and watch. I think there will be a definite softening over the next 24 months, so we’re hoping to find a desirable house at a price we think is reasonable. We’re seeing sooooo many houses priced 200k-300k higher than what they were bought for 2-2.5 years ago. That’s usually not sustainable over the long term. Not trying to time the market, but also trying to be smart with our hard earned dollars. ��

Best of luck trying go find a home that is priced reasonably. at is time in lb Or sds ! Great for sellers beware of Laconia property taxes.Both sds or lb are great communities having lived in both. I live in Long bay now the beaches are a lot nicer IMO.

[Major]

Originally Posted by laketrout

Best of luck trying go find a home that is priced reasonably. at is time in lb Or sds ! Great for sellers beware of Laconia property taxes.Both sds or lb are great communities having lived in both. I live in Long bay now the beaches are a lot nicer IMO.

I live in Long Bay too and can second the beaches. They are very nice and not nearly as crowded as the SD beach, especially during holidays.

[jetskier]

Originally Posted by Major

Hi Jetskier, you are correct, it is permissible for a private owner to rent. The person I rented from sold his home, and Carol related that SDSC prohibits renting its racks to Long Bay owners, but allows private rentals. The year my rack was sold, there were little or no racks available. Sorry!

Makes sense...TY