Lake Home Tips

If “near the lake” just won’t cut it, consider these helpful tips before purchasing a lake home:

Determine an area. To start off the buying process, your first plan of action should be determining which city you would be spending the rest of your boating days. Try creating a list of your top potential cities, and then narrow down the search by looking at the different lakes they have to offer. For instance, if Maple Grove seems like a right fit, would you prefer Bass Lake or Weaver Lake? If Plymouth is where you want to start anew, are you going to reside by Medicine Lake or Gleason Lake? Etc.

Get to know the different lakes within that area. With so many lakes to choose from, finding the right one for you and your family may be difficult. Make sure to research each lake in order to compare and contrast. Then choose a lake that coincides with your income, family situation and personal hobbies.

Gain a comprehensive understanding of the lake. Since you’re purchasing a lake home, you’d better get acquainted with your soon-to-be neighbor. Take into account the different dynamics of the lake in question:
-Are there nearby amenities such as marinas and restaurants?
-What are the lake’s rules? Do they allow jet skis, racing boats?
-What about fishing regulations?
-Is my property along deep or shallow waters?
-If I want to increase my dock size or add an out building, are there any covenants or restrictions preventing this?

Check out different properties on the lake you choose. Realize property worth depends on several factors such as: full views, deep water, flat lake lots and the location itself.

Find the right price. Make sure you find a property that fits within your financial constraints and still incorporates your basic wants and needs. While purchasing the property may seem like your only monetary concern, it is only half of the equation. Each city and township’s cost of living is distinct. Sure you may be able to afford purchasing a home on Lake Minnetonka, but can you afford living among that community in ten years’ time?

Know the property inside and out. Always physically examine the property before you contemplate buying. Collect as much documentation regarding the property as humanly possible. Documents such as surveys, set backs, tax records, disclosures and plots are invaluable in helping you realize the full gravity of your purchase.

Each and every lake is inherently unique. It is important to fully comprehend your purchase decision in order to assess the quality and magnitude of your future life.

I believe everyone should walk into a purchase knowing exactly what he or she is getting into. As a licensed Lake Minnetonka realtor, I am an expert on lake homes and lake property within the market. I’d love to discuss with you in detail about the process of buying a lake home and all that it entails. Please give me a call at 651-216-9466 today to take the next step in your life.

All the best,

Travis Senenfelder
BSL Real Estate
440 2nd St.
Excelsior, MN 5331
http://www.buysellleasemn.com/
To preview Lake Minnetonka rental property visit: http://www.MetroRentalsOnline.com

Stay On The Lake No Matter Your Income

Boasting a massive shoreline with over 125 miles of extravagant homes and historic estates, Lake Minnetonka is one of the largest lakes in the state of Minnesota (and believe me, that’s saying something due to Minnesota having 10,000 lakes). Minnetonka, a name given by the earliest Dakota Indian inhabitants, means “Big Waters.” With nearly 15,000 acres of square feet featuring numerous bays and islands, I’d say the title is more than appropriate.

Located almost entirely within Hennepin County, Lake Minnetonka is a bustling medley of beautiful scenery, rich history and constant activity. You really can’t go wrong here. There are enough lakeside restaurants, fishing spots, and beaches to keep boredom at bay indefinitely. With so many sailboats, speedboats and charter yachts sprinkled about; you may ask yourself, “Just where exactly do all these people come from?”

Your natural response may be the lavish lakeside properties adorned with huge porches and freshly cut grass; however, this is far from the truth. Sure, there are thousands of residents whose boat is a little past their living rooms. Even so, there are more Lake Minnetonka aficionados off the water than you may think.

Let’s face it: Lake Minnetonka isn’t cheap. If you’ve got your heart set on your own personal piece of shoreline sanctuary, ready your pocketbook (and psyche, for that matter). Lake living starts around $389,000 and plateaus on the upwards of $20 million. Aside from the undeniably lofty investment, expect to pay high property taxes due to geographic location. Any way you look at it, the end result is certain to exhaust your finances.

With a dozen municipalities encompassing the lake, there is no shortage of lots and homes off the water. Head a little further mainland and you’ll quickly discover you can purchase larger properties around Minnetonka with considerably less taxation. Older cabins scattered throughout the area – some dilapidated – are prime candidates for large and small-scale restoration. Whatever you may be looking for, the countless amounts of Minnetonka marinas are sure to accommodate all your boating needs. Let me find the home you have been looking for, and we’ll simply slip your boat down the road.

Don’t let your income get in the way of a Lake Minnetonka lifestyle. If you are interested in buying a home within the Hennepin County area of Lake Minnetonka area, I am the realtor for you. Having an intimate knowledge of the cities and townships around the lake, such as Wayzata, Mound, Orono and Excelsior, I am more than hopeful we can get you near the lake in no time. Give me, Travis Senenfelder, a call today at 651-216-9466 or pay my website a visit at http://www.buysellleasemn.com/. For rental property available around Lake Minnetonka check out http://www.MetroRentalsOnline.com

For everything Lake Minnetonka: http://www.lakeminnetonka.com/