Looking to buy a Lake Home as a vacation property? Buying a Lake Estate or lake shore for investment purposes? This article is intended to help you make an informed decision about buying a lake home. If you have your sights set on a specific lakefront property or lake shore, then this guide is for you. What you probably do not know is that there are many unique factors that come only with purchasing lake property. With that said, here are a few pointers for you to consider. I hope they may benefit you in some way.
1. Check with Google earth or Google Earth Pro (now offering a free 7 day trial)for the topology of the lake property and the lake itself. Even though the images of the Brainerd Lakes Area are a bit outdated, many road approaches, lake access locations, businesses, weather, and topology can be seen by using this relatively new method of looking at property.
2. Check with the City and DNR for lake information. You can determine the price of the lake shore by the lake view, water depth, the watershed runoff and more. More information can be very helpful, such as; old tax records, surveys, plots and disclosures.
3. Check out the property, lake shore, and lake. Find out exactly where the property line exists. This property is going to be expensive and you should know where your property is. Look for erosion on the beach and any water lines on docks, shore, or trees, it can give you an idea of how much the lake rises. See what kind of shape the shoreline is in. With the every increasing awareness of a better environment most lake home owners maintain proper care of their shore line.
4. Talk to the neighbors. Learn about the area. What can you find out about the lake? Does the lake rise often? What kind of restrictions and covenants exist? Is there any invasive species in the lake? If you own a boat make sure the shore line and lake is deep enough to launch your boat from the property. It may be necessary to find about access locations if your property does or does not allow boat access.
5. Know what you want. Telling a Realtor what it is you want will ensure that you get just that. If you are looking for a secluded vacation home or something close to the fishing hot spots, a real estate agent will be familiar with the lake, area, and neighborhood. The chances are they will know exactly where to find what you are looking for.
Make sure you do not over extend yourself. Plan thoroughly for the purchase. A real estate agent will gladly help you through the process of buying lake homes. Being able to discuss your interests with a Realtor will help you get everything you want out of your investment. Many of the points above can be answered by a real estate agent and they would be happy to do so.
How to Buy Lake Homes and Shoreline
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