Tuesday, June 28, 2011

Celebrate the 4th of July on Deep Creek Lake!

One of the highlights on Deep Creek Lake each year is the festive 4th of July celebration, which is just around the corner!  This is a great opportunity for family and friends to get together and enjoy all that Deep Creek Lake has to offer.  From boating, fishing, hiking, swimming and much more; you’ll find that there’s something for everyone to do this weekend on Deep Creek Lake.
Our unique standing as Maryland’s largest fresh water lake, makes this a lively location for all 4th of July festivities!  Whether you’re enjoying our nation’s holiday with your Deep Creek neighbors or have family coming to visit; it seems that people flock from all over Maryland, and beyond, to take advantage of utter relaxation and all of the events taking place on Deep Creek Lake!
As Coldwell Banker Deep Creek Realty, our goal is to give you the best service.  We’re committed to, not just helping you find a great vacation home or permanent residence on Deep Creek Lake, but we also want to help you get a feel for the Deep Creek Lake lifestyle.  This vibrant community is one in which you’ll feel very welcome as there are endless opportunities throughout the year to get together with other Deep Creek residents!  
Of course, the 4th of July is no different and Deep Creek Lake has a few great events this coming Monday that you won’t want to miss!
Free Fishing Day

- If you’re a fisherman at heart, you’ll want to take advantage of the free fishing day on July 4th!  This free day is great for those who don’t have a license, as you can fish freely in any fresh water Maryland lake on this day!  Remember, this is for July 4th only and you’ll need a license any other time you’d like to fish.  If you have family and friends visiting from out of town, this is a great opportunity for them to experience fishing on Deep Creek Lake!
Independence Day Concert
- Enjoy an Independence Day Concert with the Garrett Community Concert Band and Garrett Choral Society at 7:30 pm under the big tent on the lawn of Garrett College.  This free concert is times to end just before the fireworks begin and you’ll find the lawn of Garrett College offers a perfect view!  Bring a lawn chair or blanket, and come early to buy a sandwich supper and ice cream on site!  
Fire on the Mountain Fireworks Display
Sponsored by High Umbel Companies
- You don’t want to miss the highlight of the 4th of July when The Garrett County Chamber of Commerce presents the annual Fire on the Mountain Fireworks Display!  The fireworks will be launched from the top of Bear Claw Tubing Park at Wisp Resort out toward the waters of Deep Creek Lake. Viewing spots include the scenic overlook on Rt. 219, McHenry Cove on Deep Creek Lake and businesses in McHenry. 
I hope you’re able to get out an enjoy a great holiday weekend on Deep Creek Lake!  Whether you take part in Deep Creek Lake activities out on the lake or enjoy these special Deep Creek Lake events; I know you’ll have a great time with loved ones.  
If you have visited Deep Creek Lake in the past and have been considering buying or renting a vacation home on this beautiful lake, please let us here at Coldwell Banker Deep Creek Realty know!  We’d love to help you by answering any question you have and by showing you around the area.  We hope to hear from you soon!
Have a safe and happy 4th of July!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, June 21, 2011

Enjoy a Dual Purpose for Your Deep Creek Lake Home!

If you’ve been considering buying a vacation home on Deep Creek Lake; now is a great time to do so!  Not only are mortgage rates still remaining low throughout the summer, but home prices across the nation are still at record lows.  You may be leery of taking on a second mortgage as an investment, but there’s an option that you may not have considered.  Renting out your Deep Creek Lake vacation home.
Renting your home to vacationers can allow you to have the best of both worlds - a "home away from home" that's truly yours, along with some income to help pay the bills.  Or maybe you're planning to move here full-time in a few years, and would like to put your home to productive use between now and then.  At Deep Creek Lake, there's a healthy market for the rental of individually owned homes.
If you’re still on the fence about buying a vacation home, below are four things you’ll want to consider! 
1.  Now is a good time to buy- In many second-home hot spots, prices are still close to their ten-year lows. Most economists believe the biggest declines are behind us, so buying now before prices begin to rise will prove to be a smart decision.
2.  A home is a better deal if it’s rentable- You may think you’ll keep the retreat all to yourself, but it’s still smart to shop as if you’re going to rent the place out. That’s because a home’s rental potential can affect its resale value.  Before you bid on a house, make sure you talk about the home with your Deep Creek Real Estate agent.  They can help you determine what the rental income could be and give you the properties rental history.
3.  Don’t count on rental income to pay all of your bills- While a rental property can bring in a good deal of money on Deep Creek Lake, you don’t want to count on it to pay all of your bills.  It’s wise to talk with your Deep Creek Real Estate agent about a realistic renting income and plan your budget around the lowest number you’re expecting to receive.  This will help relieve any stress of renting out the property and will mean the additional rental income can be used as true extra income!  
4. Tax benefits can be sweet- A qualified Deep Creek Lake tax advisor can give you insight into the possible tax benefits available for renting out your Deep Creek Lake home.  Of course, each situation varies, so you'll want to be sure to talk to a tax professional before you begin to plan for a tax benefit. 

Coldwell Banker Deep Creek Realty has a full-service Vacation Rental Department, and we can manage the rental tasks for you, including estimating potential income, suggesting enhancements to your home that might increase rental opportunities, helping with the registration process for vacation rentals, arranging for cleaning and other maintenance services, and of course, finding people to rent your home.  View our Vacation Rental page, which shows the wide range of rental homes that we manage.

The goal of the team at Coldwell Banker Deep Creek Realty is to make the home buying and renting out process as easy for you as possible!  We’ll manage the details so you can sit back and enjoy your vacation.  You’ll enjoy watching as your second home becomes an ideal getaway for you as well as a savvy investment!  We’d love to help you find a vacation home that can serve “double duty!”  Contact us today to get started!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, June 14, 2011

There's More to Discover on Deep Creek Lake!

Vacationing on Deep Creek Lake means you’re getting the best of outdoor activities as well as much needed relaxation!  Whether you’re planning on buying a vacation home or renting one of the beautiful homes on Deep Creek Lake; you’ve probably chosen Deep Creek Lake for a variety of reasons.  It’s rugged outdoor appeal is ideal for fishing, hiking, hunting, biking, water skiing, horseback riding and many other year round outdoor adventures!  
In serving the Deep Creek Lake Real Estate market  with Coldwell Banker Deep Creek Realty, we enjoy talking with people who are passionate about being a part of the Deep Creek Lake community.  Vacationers come to me very excited about spending time out on the lake or taking in the trails and breathtaking setting of Deep Creek Lake State Park.  And rightfully so!  As Maryland’s largest fresh water lake and nestled in the Allegheny Mountains, Deep Creek Lake is a nature lovers’ paradise.
One of our goals as a Deep Creek Real Estate agent is to not only help people find a vacation home that they can enjoy for years to come, but also to get them acclimated to the community and their options for things to do!  Did you know that there’s much more to Deep Creek Lake than its outdoor activities?  
If you wake up to a rainy day at Deep Creek Lake; you’ll be glad to know that you won’t have to spend your day wishing you had something to do.  My suggestion?  Take an afternoon or day trip to one of the great museums in the area!  You’ll not only have a fun time discovering these hands on museums, you’ll also learn more about Deep Creek Lake and its surroundings!  

Here are three great museums you won’t want to miss!
Garrett County Historical Society Museum
107 South Second Street, Oakland MD
This beautiful museum, operated by the Garrett County Historical Society, will provide you with great insight into Garrett County’s past.  Learn how Garrett County came into existence and what life was like in earlier times.  You’ll discover Civil War items, period furniture displays and clothing, early American firearms, antique toys and much more! 

Springs Museum
134 River Road, Springs, PA
If you’re looking for a fun day trip, venture just over the border to Springs Pennsylvania! The Springs Museum highlights folklore, artifacts and the rich history of the Casselman Valley.  You’ll feel like you’re stepping back in time as you view what school rooms, stores and churches looked like in the time of the early settlers.  You can also walk the short nature trail adjacent to the museum that allows you to learn more about the native and imported plants in the area!  

Deep Creek Lake Discovery Center
Deep Creek Lake State Park

A favorite of visitors to Deep Creek Lake, the Deep Creek Lake Discovery Center offers an interactive experience of the area!  Children enjoy putting their hand in an actual black bear paw print, touching fossils and viewing Deep Creek’s underwater ecology under a microscope.  Learn about Western Marylands wildlife, flora, fauna, culture and history!  Deep Creek Lake Discovery Center also features an aquarium with native fish and other aquatic features of our lake and rivers.  You’ll have a fun filled day with a wide variety of things to discover!
Whether you’re a first time vacationer to Deep Creek Lake, or have been coming here for years; I hope you take the time to visit one, or all, of these great museums!  If you have any questions about buying or renting a vacation home on Deep Creek Lake or about its lively community; I would be happy to talk with you!  

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, June 7, 2011

3 Types of Vacation Homes on Deep Creek Lake!

Buying a vacation home on Deep Creek Lake is an exciting time as you envision long, relaxing days out on the lake or peacefully lounging on your dock.  As a Deep Creek Lake Real Estate agent, I’ve met many potential buyers who seem to have the same gleam in their eye as they talk about their ideal vacation home, and I completely understand!  Deep Creek Lake is a fantastic place to soak in the much needed time away from it all!  

There are three types of Deep Creek Lake homes that are available, and I thought it’d be helpful to point out the differences.  As you consider buying a vacation home, it’s important to take into account your needs, lifestyle and budget.

It’s easy to understand why lakefront homes are the most popular choice.  Stunning views, convenient access for boating or swimming and other perks add up to a great vacation.  On Deep Creek Lake, lakefront homes and land are typically permitted for a Type A dock by the Department of Natural Resoures.  This allows two powerboats and one non-powerboat to be docked.  While a lakefront home on Deep Creek Lake is a number one choice for many, these homes will range from $500,000 to over $1,000,000 for prime properties.
Lake Access
For those of you who are hoping to take a less expensive approach to your vacation getaway, lake access homes are a great choice!  While they may not have the convenience of lakefront living, beautiful lake views and lake access are still bonus features of these lake access homes.   
Lake access entails being able to launch a boat weighing less than 500 pounds, as well having access for swimming.  This, however, should not be confused with properties who have been permitted to use a single boat slip at a common dock.  These properties have received a permit by the DNR, usually in conjunction with the Home Owners Association, to use a boat slip in which they also have the privileges that a lake access home would have.
Off Lake
Many Deep Creek Lake vacationers enjoy taking advantage of all that Garrett County has to offer, and choose to create their vacation home in one of the off lake properties.  If you enjoy soaking in the scenes of nature on vacation by taking a walk through the woods or along a river, an off lake home in the Deep Creek Lake area may be the ideal choice!  Garrett County has many beautiful homes from which to choose that tend to be more cost effective than the lakefront or lake access options.
Whether you choose a lakefront, lake access or off lake home in the Deep Creek Lake area, I know you’ll look forward to your vacation each year.  The team and I here at Coldwell Banker Deep Creek Realty have years of experience in the Deep Creek Lake Real Estate market and in helping buyers find the vacation home for which they’ve been searching!  
We understand that buying a vacation home is a large decision and we’re committed to assisting buyers along each step of the way.  From discovering which type of property is right for you, to moving in; we’re here to help!  Feel free to contact us today with any questions you may have regarding living in the Deep Creek Lake area or if you’re ready to begin your vacation home search.  We look forward to hearing from you soon!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

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