The area around Lake Minnetonka, a spectacular inland lake that is found just 15 miles of the west-southwest of Minneapolis in Minnesota, has become increasingly popular with people looking for a new place to live and searching to buy a nice property.
Why? That’s what we are going to discuss in the following post before offering some insight into the kind of things you should consider when buying a new property in Lake Minnetonka.
Why Lake Minnetonka Real Estate is So Popular
You may be asking yourself ‘why Minnetonka?”. There are a lot of great reasons. Let’s discuss some of these.
Tranquil Rural Living Close to Big City life
One of the main reasons why people are looking to Lake Minnetonka and the surrounding area for their next property purchase is the location itself. It is rural enough and far away enough from big city life that you can get true peace and tranquility if that is what you desire. However, if you still like to have easy access to big cities, Lake Minnetonka also offers that. It is within close enough proximity to the Twin Cities, that is Minnesota and Saint Paul, that you can still visit them regularly.
Lots of Lakefront Properties
Another major reason why people opt for Lake Minnetonka when looking for a property to invest in is that there are a lot of lakefront houses on the market. As Lake Minnetonka is one of the 10 biggest lakes in the state of Minnesota, has more than 14,000 acres of water with over 100 miles of shoreline, there is lots of potential for that dream property by a lake. Who doesn’t like the idea of getting up in the morning to look out their window and be met with some stunning and scenic views?
Lots of Outdoor Natural Spaces to Explore
If you are an outdoorsy type of person, and we reckon you probably are if you are looking for a rural place to buy property, then Lake Minnetonka is a great choice for your new home. There are literally hundreds of different outdoor areas and walking, hiking, and cycling trails to explore. When you are done for the day and had a good bit of exercise, there are lots of great shops and restaurants for some nice food and retail therapy.
Fishing and Boating
It may seem a little obvious, but if you are moving to somewhere close to a Lake as big as Lake Minnetonka, whether you are actually going to set up home on the shore or not, you have the option for a lot of lake-based activities. If you are a keen fisher or like boating, then Lake Minnetonka can deliver on both fronts.
Things to Consider When Looking At Lake Minnetonka Property
We are sure you are probably chomping at the bit to pack up and move to Lake Minnetonka after considering the many great things it has to offer. However, before you get too far involved in the process, there are some things you need to think about, as outlined below.
Do You Want to Build or Buy?
What if the property you are looking for, doesn’t actually exist? It may be time to consider hiring a company like NIH Homes, to help make the ideas and plans of your dream home a reality. While this is a more expensive option in a lot of ways, if you have the budget and are looking to create your forever home, why settle for anything short of the best?
Location, Location, Location
Location is one of the first things you should consider when buying property anywhere in the country or even the world, and that is no different when you are looking to move to Lake Minnetonka. As we previously noted, the area offers over 100 miles of shoreline, which means there are numerous locations around the Lake where you can call your new home, including the likes of Deephaven, Orono, Excelsior, and Wayzata to name a few.
Depending on your current situation, lifestyle, and personal preferences, some of these areas may better than others for you. Do proper research into the areas, so that you can focus your property search on the locations that are going to suit you and your family best.
Size of Home
Although this is a rather obvious thing and for many people will be common sense, we felt it was still responsible to highlight that you need to think of the size of property you like. Don’t just start searching and falling in love with a property, as you may find a beautiful property that would need serious renovations to fit in with the size of your family and the type of lifestyle you prefer. Make a list of the features and criteria the property you want to buy should have and then look for available homes that meet those needs.