Private vs Public Lakes
Some Pros and Cons for Each
Some Pros and Cons for Each
When choosing a home on a lake, one of the important decisions you’ll need to make is whether to live on a private or public lake. While both have their advantages, there are some key differences between private and public lakes that you should consider before making your decision.
One of the main benefits of living on a private lake is the increased privacy and exclusivity. Private lakes are owned and managed by a homeowners’ association or other private entity, which means that access to the lake is limited to the property owners and their guests. This can provide a sense of seclusion and exclusivity that is not available on public lakes.
Another benefit of living on a private lake is the potential for higher property values. Private lakes are often considered more desirable, which can lead to higher property values and a stronger resale market. This can be a major advantage for those looking to invest in a lakefront property.
In addition to privacy and property values, private lakes also offer more control over the use of the lake. The homeowners’ association or other private entity that manages the lake can establish rules and regulations for activities on the lake, such as boating and fishing, as well as enforcing these rules to ensure that the lake is used responsibly.
On the other hand, living on a public lake has its own advantages. One of the main benefits of living on a public lake is the access to public amenities, such as boat launches, parks, and beaches. Public lakes are also often larger and more accessible, providing more opportunities for water sports and other recreational activities.
Another advantage of living on a public lake can be lower cost. Public lakes are often less expensive than private lakes, making them a more affordable option for those looking to buy a lakefront property. Ultimately, the best choice for you will depend on your personal preferences and needs.
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Posted By: Adam Gohlke - Oct. 29, 2022, 6:21 p.m.