When purchasing a waterfront property, you’ll have to answer many questions about the lifestyle you are trying to achieve. Before you begin searching online or with a REALTOR®, it’s important to determine if you are looking to buy a lake home or a cabin.
The first and biggest consideration, of course, is to recognize the amount of time you hope to spend at your new lakeshore residence. Do you want a weekend home away from home, where you can kick your feet up and enjoy a recreational lifestyle? If so, you may want to buy a cabin on the water. If you’d like to enjoy a lakefront home as your primary residence, or eventually move into the waterfront property after retirement, you’ll likely want the amenities and space that a lake home provides.
It’s not just about time, though – you should also consider the upkeep. If you buy a cabin as a weekend getaway, you’ll likely have to hire trusted contractors to check in on and work on the home when you’re away during the week. You’ll also spend time on your weekends keeping up the cabin. Meanwhile, a lake home will require more maintenance than a non-waterfront property of the same size, but it’s easier to spread out those chores if you’re living there full-time.
Enough about work – let’s talk about the joys of owning a lakefront home! Consider why you’re looking at waterfront real estate. Do you want a private retreat that offers the appeal of a weekly vacation? Do you like a cozy abode where you can quietly work on projects or fish the days away? If so, a Realtor will tell you you’re a good candidate to buy a cabin.
Perhaps the lazy lake life doesn’t interest you, though. Those who want a steady stream of visitors, as well as a more upscale vibe to their waterfront property, will prefer an updated lake home with plenty of extra bedrooms for visiting family and friends.
Of course, price and location are two variables that should always be included when buying a home. Work with your Realtor to determine the budget and general area in which you’d like to purchase a lakefront property.
Purchasing a waterfront property can bring up a lot of questions. Whether it’s a secluded cabin retreat or a more modern full-time lake home, you’ll certainly find a listing that gives you the lakeshore lifestyle you’ve been dreaming of. Contact an Edina Realty Lakeshore specialist today.