Are you thinking about purchasing a cabin in the Smoky Mountains? A cabin is a great investment that can have high returns when you turn it into a rental property. Before you decide on a property to purchase, it’s important to do your research. The key is to find a property that can give you the return you’re looking for while staying within your budget. There are a lot of things to consider when looking for an investment property. Here’s a list of what you should look for in Pigeon Forge TN cabins for sale.

1. Size

Size matters when it comes to Pigeon Forge TN cabins for sale. Whether this is your first investment property or one of many, you need to think about how large you want your new investment to be. Keep in mind that size directly affects the sale price as well as monthly and yearly costs. A larger property will cost more upfront and will also have a higher mortgage, insurance, and property taxes. It’s okay to start with a smaller property to minimize these costs. One- and two-bedroom cabins are popular rental options among couples and small families, so you will still be able to make a sizable return on your investment. However, a larger property will allow you to charge a higher rate to make more money each time it is booked.

2. Location

Aerial view of pigeon forge tn

As with any real estate investment, one of the most important things to look for when purchasing Pigeon Forge TN cabins for sale is location. Pigeon Forge is an excellent location for an investment property. It’s a beautiful destination that sees a lot of visitors throughout the year, so you will have plenty of potential guests to rent your cabin. Before you make your decision, you need to consider the more specific location of the cabin within Pigeon Forge. Do you want a secluded property that offers plenty of privacy, or do you want a cabin that’s close to the action in town? Each type of property has its own benefits and will draw different guests. Make sure you also pay attention to the area surrounding the property as well as the roads and driveaway to reach it.

3. Price

One factor you can’t ignore when it comes to looking at Pigeon Forge TN cabins for sale is price. You need to make sure you purchase an investment property that you can comfortably afford. If you will be financing the property, it’s a good idea to get pre-approved for a loan before you start looking at cabins. This will help you determine how much you can afford to spend so you can look at the right price range. Pigeon Forge TN cabins are available at all price ranges, so it won’t be difficult to find something that fits your budget.

4. Amenities

Rustic stone fireplace in a cabin

When searching for Pigeon Forge TN cabins for sale, it’s important to look at the amenities they currently include and their capability to support additional amenities. For example, a gourmet kitchen may be an important amenity to look for, or making sure the cabin has enough space to upgrade the current kitchen. Does the property already have a fireplace, and if so does it run on gas or electricity? Make sure the property is capable of supporting a hot tub, as this is an amenity most guests expect. Other things to consider are the type and grade of the driveway, whether there are good views, and the amount of space for extras like games or home theaters.

5. Work Required

Before you decide on a cabin to invest in, make sure you figure out how much work it will require. Some Pigeon Forge TN cabins for sale are ready as-is, while others are fixer-uppers that need some work. Do you want a cabin that’s ready to rent out right away, or do you want a project to work on? If you’re handy, getting a fixer-upper can save money on initial costs and allow you to customize the property to your liking. Just make sure you factor in the costs for renovations so you don’t end up overspending on your investment budget.

More About Investing in Pigeon Forge TN Cabins for Sale

Now you know more about some of the things you should look for in Pigeon Forge TN cabins for sale. If you’re interested in investing in a rental property, take a look at these FAQs about investing in Pigeon Forge cabins so you can have a better idea about what to expect as an informed investor!