Tag: real estate

What to look for when buying a lakefront property

Posted on by lfriendly
home on lake

There is great lakefront property throughout the good old United States. The problem is: many people can’t afford the mortgage payments.

Whether it is a secluded lake in the middle of nowhere, or one of the sprawling New York Finger Lakes in the heart of the state, there are so many to choose from. If you are seeking lakefront property and have the cash to pay for it, you should be able to find something that meets your wants and needs. Just be prepared to pay a lot more to live there. As living on the water is a luxury for most folks, they are willing to pay more to do so.

Though living on a lakefront delivers beautiful views and breaths of fresh air, there are a few issues that can often come with it. If your cottage or home is too close to the water, you may deal with flooding. You may also discover that your flood insurance is higher than in most other locals. Most people are willing to shell out their money for higher insurance if they find an ideal lakefront property. Just be certain to factor this into your decision to buy.

A good real estate agent can help you uncover desirable and affordable lakefront property in your area. If you don’t reside near any lakes, you must widen your search. Because lakefront property has much value, agents are eager to help you find what you’re looking for. An agent will handle of most of the heavy lifting and call you when they have discovered a lakefront property that you may be interested in. Agents also take care of most of the paperwork and deal with all the other problems that often surface with buying land and homes.

Regardless of your budget, there are pieces of lakefront property that you can acquire. Some is protected for the health of the animals and the environment. Such protected land may be owned by the government, or might have been purchased by a person or organization to protect it from being disturbed. The ecosystem around a lakefront is unique, and it is important that portions of it remain untouched. A lot of disturbance can result in an imbalance in the environment.

You may also find cheaper homes that are in need of a fix up. The kitchen and bathrooms may need to be upgraded. A fresh coat of exterior paint might make the property more attractive. Or bigger problems may need to be resolved, like adding a new roof, or calling on a foundation repair contractor in New Orleans for structural assistance.

Some of the best lakefront property available in 2020 is located in the heart of Minnesota. While a few areas are experiencing a lull in the housing market, the lakefront property in Minneapolis and St. Paul is still highly desirable. Not only does Minnesota have several beautiful lakes, it also has vineyards and four full seasons of weather.

Though many people enjoy warmer weather year-round, others love the changing of the seasons. Living on the lake as the leaves change for fall is a quite a sight to see.

The ins and outs of living by the water

Posted on by lfriendly
lake house

The many neighborhoods near Lake Nokomis in Minneapolis feature beautiful residential homes, apartments, and townhouses. While houses vary in cost and are rising throughout the area, a buyer can find a good deal.

As with any kind of real estate, waterfront realty sales come with a handful of unique considerations.

If you plan to buy a residence on the water, be it a lake, ocean or river, it is wise to know for sure what your rights and responsibilities are to that water and its shoreline on or near your property.

For instance, you may be required to build a dock with specialized characteristics. A lot areas have rules and regulations governing what kind of dock can be built.

Are you permitted to moore your boat there? Oftentimes your rights end at the waterline.

Is your beach property accessible to public visitors or are you able to limit who goes there?

Can you build beside the waterline, or does any type of structure need to be erected a certain distance away?

Be certain to research the maximum water levels, and investigate the flooding history of the region. Answering each of these questions is important to your successful future at your waterfront home. Be sure to dig for the facts before buying, so you know what to expect and what to do.

Living next to water, it is imperative that you realize that it is a delicate ecosystem. Consider the environmental effect of all that you do.

It is prudent to avoid things like weed killers for your grass if your lawn runs down a slope into the water. Check local and state laws governing what is safe to use on your property and what is not.

For this reason, houses with septic systems beside a body of water may be governed by special regulations. Since the water level is higher underground, follow the rules carefully to prevent sewage from leaching into the lake, into your drinking water or into your basement during the wettest times of year.

To limit flooding and ensure waterproofing, It is wise to have your basement inspected by local Canton foundation contractors.

You should also definitely consider safety when living right beside water. Ask neighbors and others in town about possible local dangers, such as hidden currents or underwater rocks near the surface. Consider also old rusted boats or garbage that has sunk that could injure unaware swimmers.

When you determine everything you need to know about your own piece of waterfront real estate, it’s time to sit back and enjoy its many benefits.

The active community around the lake take advantage of its beaches, bike paths, and athletic fields and facilities. Minnehaha Park is also located in Nokomis area, and includes walking and bike trails, areas for picnics, and Minnehaha waterfalls.

Additionally, Nokomis features many retails stores and shops, restaurants, and cafes.

Not only will you love living in such a beautiful region and enjoy local recreation, you’ll have peace of mind knowing you have invested in the most valuable real estate in the great state of Minnesota.