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Old 07-09-2016, 09:16 PM   #1
Vivalie
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Default Suissevale

Hello! Hope everyone is enjoying summer! My husband and I are looking to purchase a house in Suissevale to use as a rental property but I'm really on the fence about it because it's an association and lake access as opposed to lake front. What are some thoughts on Suissvale and the rules of the association? Have you rented there and liked it/ not liked it? I've heard mixed reviews but I know this is the best place to turn to for info on all things Lake Winnie! Thank you!

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Old 07-10-2016, 04:33 AM   #2
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They recently tightened up the rules on what they will allow you to do with your house without permission. You really need to read thru them to see if you can live with it, I couldn't. Popular weekends, their beach is full, and the parking must violate some town ordnance, I heard some people saying you need to get there at 6 for a parking spot, or a good spot on the beach. I tried to walk from one end of the beach on 7/4 this year, I wasn't able to walk between the bodies or people that purposefully wouldn't let me. I don't like beaches at the shore for just these reasons, and I couldn't put up with a HA either. YMMV.

Lots of people love it, based on the crowds, caveat emptor.
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Old 07-10-2016, 10:14 AM   #3
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Default suissevale

If you want waterfront, buy waterfront.
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Old 07-10-2016, 11:18 AM   #4
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Quote:
Originally Posted by Vivalie View Post
Hello! My husband and I are looking to purchase a house in Suissevale to use as a rental property but I'm really on the fence about it because it's an association and lake access as opposed to lake front.
Huh?

If your desires are for a rental property, buy one in your home town.

You don't state your landlord experience.
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Old 07-10-2016, 12:36 PM   #5
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I'm sorry apparently i should have been more clear... does anyone live in Suissevale and if so do you like it.. have you ever rented in suissevale did you like it? I already own lake front property as well as other rentals in the area however we've never bought to rent in an association so I was looking for feedback.
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Old 07-10-2016, 03:30 PM   #6
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I have several relatives who have owned property and/or homes in Suissevale for decades and live there year-round. I can remember when we'd all go to the beach for the afternoon and hardly anyone else was there - we practically had the place to ourselves. Unfortunately, it has been way overbuilt over the years, and the beach and its parking lot are always crowded. I think the building lots were made as small as possible, to maximize profit to the development landowners, but the beach and marina are only so big, and couldn't grow to keep up with the number of people who want to use them. My relatives rarely use the beach anymore; it's always wall-to-wall people. With all the little kids there, I wouldn't want to swim in the water. I think too many people realized how nice Suissevale was, and as a result it's nowhere near as nice as it used to be, which is a shame.
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Old 07-10-2016, 04:32 PM   #7
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We pass Suissevale every time we head out on the lake and we can see how jammed the beach is EVERY nice weekend day. That being said, we have friends who live there and like it, though they never use the beach, they always swim off their boat. THAT being said, they're not fans of having to trailer the boat every time they want to go out--not sure of the slip situation.

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Old 07-10-2016, 06:22 PM   #8
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Well, this posting has drifted off a tad.

Back to purchasing a house and renting it out.

If you have experience in this and are comfortable being a landlord then go for it

I don't think that the location has much to do with anything. In and around the Lakes Region. Other then inner city properties which potentially could be different.

If you find a good house at a good price then go for it.

All/most who live there like it.

But if you have never owned a property in an HOA then best to read up on HOA's. They got rules. And if you own a rental property then it is the landlords responsibility to make sure that the renters are following the rules.
This is an added burden for any landlord. As you will be the one notified of any infractions and it will be you the owner to contact the renters and force them to adhere to the rules. Not an easy task.

If this is your first foray into owning and then renting a house, I'd put my excess accumulated money in a CD. Won't make much money on that money but you won't loose it either.
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Old 07-10-2016, 07:48 PM   #9
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We own a house in Suissevale and love it. It is busy some weekends in the summer but that is what makes it fun. Like it so much that we kept it after moving to moultonborough full time
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Old 07-10-2016, 08:51 PM   #10
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We rented in Suissvale a couple of years ago and we really liked it. The night we arrived there were some folks playing guitars and singing down at the beach. We thought the beach was really nice. There was a friendly and safe neighborhood feel to the area which we appreciated. We stayed in another area of the lake this year but we would be happy to return to Suissevale.
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Old 07-10-2016, 10:43 PM   #11
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Default HOA's and renters

Many years ago I owned a condo that I rented out. The tenants let me know that the "permanent"residents were not welcoming and diminished the value of their stay. This was from folks who and stayed at the same place (before it was a condo) for several years. Basically telling pepole all the rules (you can't leave your towel on the dock if you leave to go to the bathroom). I suspect the "permanents" were trying to let people know the rules and be helpful, but to the renters, it came across as "We're owners, and you're renters, and we really don't want you in our condo." To me, this has been a common thread in associations where rentals are strictly regulated. The result is, it makes it harder to get repeat customers. Maybe not at Suissevale, but for me it is a common occurrence. If you are in a large complex with professional management, I think less of a problem.

The OP post to ask about experience is a smart move.
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Old 07-11-2016, 12:22 AM   #12
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Default Get some professional feedback...

Don't get overwhelmed with amateurs opinions...

Contact some of the rental agencies in the area...Bayside Rentals, Preferred Rentals, Century 21, etc. Ask them.
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Old 07-11-2016, 06:40 AM   #13
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Family has a place in Suissevale, have for 30 years. Yes it's quite busy "nice" weekends 4th of July weekend people were at the beach 7am "holding" a table for themselves, along with myself. We don't rent but I believe the assoc has either started or raised the cost for renting your place. I believe (don't quote me) they get maybe like 100.00 a week charge. Forget about a dock (if you care) the waiting list is around 15-20 years! Used to have one gave it up some years back.
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Old 07-18-2016, 05:38 PM   #14
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I would look at Balmoral instead.
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Old 07-18-2016, 07:25 PM   #15
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We have house in Balmoral, our fiends in Suissevale neither of us use the beaches or boat launches, we all go to states landing. YMMV
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Old 07-18-2016, 09:57 PM   #16
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YMMV? Help me.
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Old 07-18-2016, 11:39 PM   #17
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Default Your Mileage May Vary

Quote:
Originally Posted by Descant View Post
YMMV? Help me.
https://en.m.wiktionary.org/wiki/YMMV
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