Lake Harding/”The Backwater”

With Summer time in full swing and the temperature being off the charts, now is a great time to consider cooling off at the lake. One of our most popular areas is Lake Harding.

This lake is one of the Georgia Power lakes which means that just over 80% of the homes here are on leased lots. The other 20% are deeded meaning they were at one time farmland when the lake was flooded back in the late 1920′s. 

One of the benefits to this lake is the constant water level. Unlike a Corp. of Engineers lake, the level of the water is consistant. You do not get the wild swings in water level from winter to summer.  Depending on the home you purchase there may already be some great features such as a sea wall or a boat ramp right on the property. No running back and forth to the boat ramp. You can also expect for the homes to be located closer to the shoreline with some great views when compared to a Corp. of Engineers lake. 

When purchasing a home on Lake Harding you will also need to consider how you will finance your investment. Because most of the homes are on leased lots a bank will require a larger down payment. In most cases this will be about 20%. Deeded lots can be purchased with more traditional financing but they will be priced a little higher in general. 

A leased lot is set up with Georgia Power in 15 year terms. Below is a schedule of what you can expect to pay for leased lots. 

2009 Rates: 

$900.00/annually for 4 years 

$1,050.00/annually for 5 years 

$1,100.00/annually for 5 years 

$1,200.00 for 1 year 

If you have more questions about Lake Harding or other lake or vacation home getaways, please let me know, I would be happy to share more with you.