Many people looking to buy and sell Lake Sunapee property have experience with real estate in the area, and others are just getting started. To help anyone looking to buy or sell a home in the Lake Sunapee Region, we’ve put together the below frequently asked questions on New Hampshire real estate and Lake Sunapee homes for sale. If you have a question that’s not listed below or would like to discuss anything further, we would love to hear from you! Contact the O’Halloran Group at 603-526-8600 or via our website here.
Frequently Asked Questions About New Hampshire Real Estate and Lake Sunapee Property for Sale:
Is New Hampshire a good place to live?
According to the U.S. News and World Report’s list of the best states to live in the United States, New Hampshire is the second best state in which to live. New Hampshire is extremely popular for its high quality of life and low cost of living. New Hampshire’s natural beauty has long drawn residents and visitors alike to the Granite State and because it’s a small state, it’s still easy to get around New Hampshire and metropolitan areas like Boston, Massachusetts, Manchester, New Hampshire, and Portland, Maine are within an hour’s drive of much of the state. It’s rare that you can find a place that combines the mountains, lakes, and seacoast of a vacation destination with the hospitals, job opportunities, nightlife, and more that many want from their primary residence, all within a small area. Because of this, many believe New Hampshire really has it all.
Are taxes lower in New Hampshire?
New Hampshire is well known for not having any sales tax; however, there’s a lot to consider when thinking about tax benefits. On the plus side, New Hampshire has no income tax on wages and salaries, though there is a 5% tax on interest and dividends. On the other hand, New Hampshire has the fourth-highest effective property tax rate in the country. When calculating your overall tax burden, it’s important to consider everything and New Hampshire certainly provides some advantages and an overall low cost of living that more than offsets the higher property taxes many pay.
When is the best time to sell my house?
Homes that are listed in the Spring and beginning of Summer have historically sold faster than homes that are listed during other times of the year. Peak times for total listings on the market also vary from market to market. New Hampshire and the Lake Sunapee Region benefit from having four distinct and very popular seasons (mud season doesn’t count!). Therefore, while homes for sale on Lake Sunapee do typically peak in the Spring and early Summer, it is not uncommon to see real estate activity stay strong from March through October and to see a flurry of activity right before the holiday season, especially for ski homes for sale near Lake Sunapee, of which there are often many. It’s best to think about when to sell your home as a question of when it makes sense for you given your unique situation and also when will be the best time of year to enjoy it. The best time to sell a house in your area to get the best outcome is usually when people can most envision themselves and the lifestyle they want there.
Is real estate in New Hampshire a good investment?
New Hampshire real estate is often a good investment choice. New Hampshire real estate is incredibly diverse, from waterfront homes for sale in New Hampshire to New Hampshire cabins with mountain views and downtown condos for sale in New Hampshire’s bustling college towns or metropolitan areas. Because of this, there is always an opportunity to invest in New Hampshire real estate, and depending on the location, to be confident in the success of your New Hampshire real estate investment. In particular, real estate in Hanover, New Hampshire, Lake Sunapee real estate, Lakes Region properties, and real estate on New Hampshire’s seacoast have seen their value continue to increase, accelerated further by the COVID-19 pandemic. That said, New Hampshire has long been a favorable state in which to invest in real estate, due to its breathtaking landscape, ranging from seacoast to lakes to mountains to fields and forests, four seasons and abundant recreational opportunities, low cost of living, plentiful jobs and low unemployment, high quality of life, history and attractiveness as a second home destination.
Is New Hampshire a good place to retire?
According to WalletHub, which recently published its list of the best and worst states to retire, New Hampshire is the 10th best state overall in which to retire and ranks as the #1 place to retire to have the best quality of life. New Hampshire also gets top ranking for having the most residents aged 65 and older who are in “good or better health”. Other things that make New Hampshire an ideal place to retire are its low crime rate (the second-lowest in the nation), low property crime rate (also the second lowest), wonderful air quality (best out of all 50 states), and high ration of family medicine physicians per capita (fourth-highest in the U.S.).
Where is the best place to live on Lake Sunapee?
There are many wonderful towns that offer waterfront real estate on Lake Sunapee, as well as several towns that are a short drive (or bike ride!) away. Newbury, Sunapee, and New London, New Hampshire all offer Lake Sunapee waterfront real estate. New London is larger, with lots of dining and shopping options, a hospital, and more, while Sunapee is described by many as the most beautiful, and Newbury offers the lowest taxes and often, the best real estate value.
Which New Hampshire Lake is best for boating?
Lake Sunapee! Out of the 944 different lakes and ponds in New Hampshire, Lake Sunapee is known for being one of the best, if not the best, for boating. Lake Sunapee is the sixth largest lake in New Hampshire, offering 4,000 acres of recreation, and is a favorite for pontoon boating, motor boating, kayaking, and canoeing. Sunapee Harbor has an easy-to-access boat ramp and the recently restored Herrick Cove Lighthouse, also known as Ginger’s Light, on Lake Sunapee is a popular photo-op.
Have more questions about the Lake Sunapee region or New Hampshire real estate? Contact the O'Halloran Group today. We'd love to chat!