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Buying a Home • November 13, 2023

A Second Home in Kentucky

by Vicki Sanders

Buying a Second Home in Kentucky: The Bourbon Trail and Lake Cumberland

If you’re looking for a second home in a beautiful and vibrant location, Kentucky is a great option. Two particularly popular destinations for second-home buyers in Kentucky are the Bourbon Trail and Lake Cumberland.

The Bourbon Trail

The Bourbon Trail is a collection of distilleries in Kentucky that produce some of the best bourbon whiskey in the world. The trail winds through the heart of the state, and visitors can take tours of the distilleries, learn about the bourbon-making process, and sample some of the finest bourbon whiskey on the market.

In addition to the distilleries, there are a number of charming towns along the trail, such as Shelbyville, Frankfort, Bardstown, Lawrenceburg, and Loretto. These beautiful small towns offer a variety of unique attractions, including restaurants, shops, and museums.

Lake Cumberland

Lake Cumberland is the largest artificial lake in Kentucky and one of the largest man-made lakes in the United States. The lake is a popular destination for boating, fishing, swimming, and camping. There are also a number of resorts and marinas located around the lake.

Along with all the recreational opportunities, Lake Cumberland also offers stunning scenery. The lake is surrounded by rolling hills and lush forests, and it’s a great place to relax and enjoy the natural beauty of Kentucky.

Benefits of Buying a Second Home in Kentucky

There are a number of benefits to buying a second home in Kentucky, including:

  • Affordability: Kentucky is a relatively affordable state to live in, and the cost of housing is generally lower than in other parts of the country.
  • Natural beauty: Kentucky is a beautiful state with a variety of landscapes to enjoy. From the rolling hills of the Bourbon Trail to the lush forests around Lake Cumberland, there’s something for everyone in Kentucky.
  • Mild climate: Kentucky has a mild climate with four distinct seasons. Summers are warm and humid, while winters are cold and snowy.
  • Friendly people: Kentucky is known for its friendly and welcoming people. You’re sure to feel at home in Kentucky.

Tips for Buying a Second Home in Kentucky

  • Consider your financial situation: Owning a second home comes with additional costs beyond the mortgage. Factor in property taxes, maintenance, utilities, insurance, and potential HOA fees. Ensure you have sufficient financial resources to comfortably cover these expenses.
  • Consider your needs: What are you looking for in a second home? Do you want a place to relax and escape the hustle and bustle of everyday life? Or do you want a place to rent out to vacationers? Once you know what you’re looking for, you can start narrowing down your search.

  • Remember the legal implications:  Second homes may have different tax implications and legal considerations compared to primary residences. Consult with a tax advisor and attorney to understand your rights and responsibilities.

  • Seek professional guidance: Hiring a knowledgeable real estate agent with experience in second homes can be invaluable. They can guide you through the local market, navigate negotiations, and help you find the perfect property.

Conclusion

Buying a second home in Kentucky is a great way to invest in your future and enjoy the many benefits that the state has to offer. With its affordability, natural beauty, mild climate, and friendly people, Kentucky is the perfect place to buy your dream second home. As a native Kentuckian with experience finding unique properties for my clients, finding your Kentucky home is my top priority.

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