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Add You - Top Things to Consider When Buying Lakeshore Property
Everyone dreams about making a lot of money in the stock market, but the reality is that a most just lose money. While they were a few that have made money on well-timed investments, the majority of people who play around in the stock market to not make a lot of money.If stockmarket investing is something you’d like to get into, you need to plan wisely and don’t invest more money than you can afford to lose. Here’s some tips that might help keep you from losing all your money in the stock market.1. Think it through. While the stock market can literally make you rich overnight it usually requires much more time and attention to detail to make a profit on your investment. When trading stocks don’t expect to immediately make millions of dollars. While this is possible that rarely happens and the stock market is never 100% predictable. So if you think you are going to quit your job and get rich daytrading you might want to reconsider.2. Research and plan. Whenever you are investing money whether It be in stocks, bonds, or bold you need to become informed of the marketplace. For best results you should become an expert in market trends, prices, and factors that can influence the market. Before you invest in a company, make sure you get a prospectus and learn everything you can about the company. In addition you
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABIL
When developing a website, one can quickly get so immersed that you can lose the forest for the trees. When this occurs, you risk failing to emphasize the most important thing in e-commerce.Generating traffic. Traffic is the single most important thing in e-commerce. Traffic is the number of visitors your site receives. You site must be designed to attract traffic from as many sources as possible. This means turning both your home page and the internal pages of the site into traffic generators.Most people develop websites backwards. They spend an incredible amount of time, effort and money on developing their site without really thinking about how they will attract traffic. This can lead to problems. While most people focus on their home page as the primary entry page of the site, there is a better approach.The sites that make the most money are the ones that use nearly every page of their site to pull traffic in one form or another. Let’s consider a site selling 500 different products. The typical site will be designed with a database containing the products. Each product page is then dynamically produced. The pages are lined up in some hierarchy within the site and that is about all.A better approach is to optimize each of the product pages within a site. Let’s assume I am selling different types of pipe fixtu
Top Things to Consider When Buying Lakeshore Property
Buying lakeshore is not as simple as viewing the house and garage and determining whether it is consistent with your “Buyer Criteria”. In addition to evaluating the property itself, there are many major things to consider.
LAKESHORE
What’s the lakeshore like? Does it have rocks, natural sand, grass, weeds, or muck? Does it have a million snails? Some lakeshores have an area that you can plop down your lawn chairs, dig your toes in the sand, and watch your children build sand castles. Some lakes are notorious for having muck which means that you might sink up to your knees before you hit hard bottom. Is this what you really want? If you’re fortunate you’ll find a lake (in your price range) with a natural sand shoreline. But to do a fair evaluation of the lakeshore means getting out your hip-waders and getting a little wet. “When buying lakeshore property, the quality of the lake, lakeshore, and lake bottom are as important as the house”.
LAKE BOTTOM
What’s the lake bottom like? Is it hard bottom, sand, gravel muck, or weeds? Does the lake bottom slope gradually or are there steep drop offs? This could be an important safety consideration if you have small children or grandchildren. “Learning about the lake is one of the most important aspects of buying lake property”.
LAKE
The Minnesota Department of Natural Resources provides excellent lake information via their website www.dnr.state.mn.us/lakefind/ Using this website you’ll be able to determine; how large is the lake, what is the littoral area, how deep is the lake, plus much more. A good quick measure of the quality of a lake is to compare the ratio of lake acres to littoral acres (area less than 15 feet). For instance, Rice Lake (near Brainerd) has 434 acres and 202 littoral acres. This indicates that less than half the lake is less than 15 feet in depth, thus it would be a good overall multi-use lake. Conversely, Little Blueberry Lake is 522 acres in size with a littoral area of 522 acres, with a maximum depth of 15 feet. This indicates that the entire lake has the possibility of blooming over with weeds and vegetation as the summer progresses. It’s a good idea to get in your boat and check out the lake first hand if that’s possible. Doing this will also help you determine what kind of cabins/homes are on the lake. Are there million dollar mansions or shacks packed together? Another major consideration is whether or not a lake has milfoil or zebra mussels. They’re proven to be nasty, and almost impossible to get rid of once they’re established, and they have a negative affect on the value of lake properties.
LAKE USE
How do you plan on using the lake? Do you plan on swimming? Some lakes/lakefronts are too shallow or weedy for swimming. Do you really want to wade thru muck to go swimming? Do you want to just sit on your dock and relax? Some larger lakes like Minnetonka and Whitefish and others get so much boat and personal watercraft traffic that it’s almost impossible to just sit on your dock and relax (especially on weekends). With lots of boat traffic, is it safe to water ski or pull your kids on the cool water toys? Lakes less than 150 acres may be too small for skiing. Lakes with a high ratio of littoral area may be too weedy for skiing. Larger lakes like Mille Lacs and Leech Lake have large unprotected surface areas, which enables the wind to whip across and work up four foot waves. Can you swim, ski or fish when there are four foot waves? Lake size matters!
FISHING
Do you or your guests intend on fishing? Do you want to fish in summer and winter? Some lakes are not fishable in winter, others contain “hotspots”. What’s the quality of fishing – poor – good – excellent? What species of fish reside in the lake; walleye, muskie, bass, or rough fish? Is this what you want to catch? Is there winter kill?
BIODIVERSITY
Some lakefront properties offer vast biodiversity. For instance, on Rice Lake near Brainerd and Clear Lake near Pequot Lakes you will find a mixture of beautiful sand lakeshore coupled with cool natural flowing springs. Biodiversity like this is rare and priceless, but within your grasp. Lakes that are fed by rivers like the Minnesota, St. Croix or Mississippi offer more diversity to explore and enjoy. The adjoining river is an extension of the lake. In essence, the river increases the lake size and opportunities.
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABILI
Statistics and society may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility for your performance and your life. There are always tremendous opportunities in the markets. It is not what happens; it is what you do with what happens that makes the difference between profit and loss.Most traders move from trading method to trading method, over time, until they find one that suits them… one that is comfortable to run, and tests well first by back-testing, and then by real testing.Some traders never stop looking for the “right” way to trade. THAT is a problem. There are many ways to trade that can generate nice profits over time. To settle on a right way for you to trade:First, you have to believe in the process which leads to the generation of your entry signals. Does that process make sense to you?Maybe you’re a visual sort of person and you are drawn to Candlestick charting. Take the time to understand why the patters mean “reversal” and not just accept the “picture”. Go deep.Choose a guru to follow. Maybe you learn best from mentoring. Choose wisely.Second, choose a method you decide to go with, back-test it. In today’s modern world of software, there’s no excuse not to run all the back data you can through your method and see what the
LAKE BOTTOM
What’s the lake bottom like? Is it hard bottom, sand, gravel muck, or weeds? Does the lake bottom slope gradually or are there steep drop offs? This could be an important safety consideration if you have small children or grandchildren. “Learning about the lake is one of the most important aspects of buying lake property”.
LAKE
The Minnesota Department of Natural Resources provides excellent lake information via their website www.dnr.state.mn.us/lakefind/ Using this website you’ll be able to determine; how large is the lake, what is the littoral area, how deep is the lake, plus much more. A good quick measure of the quality of a lake is to compare the ratio of lake acres to littoral acres (area less than 15 feet). For instance, Rice Lake (near Brainerd) has 434 acres and 202 littoral acres. This indicates that less than half the lake is less than 15 feet in depth, thus it would be a good overall multi-use lake. Conversely, Little Blueberry Lake is 522 acres in size with a littoral area of 522 acres, with a maximum depth of 15 feet. This indicates that the entire lake has the possibility of blooming over with weeds and vegetation as the summer progresses. It’s a good idea to get in your boat and check out the lake first hand if that’s possible. Doing this will also help you determine what kind of cabins/homes are on the lake. Are there million dollar mansions or shacks packed together? Another major consideration is whether or not a lake has milfoil or zebra mussels. They’re proven to be nasty, and almost impossible to get rid of once they’re established, and they have a negative affect on the value of lake properties.
LAKE USE
How do you plan on using the lake? Do you plan on swimming? Some lakes/lakefronts are too shallow or weedy for swimming. Do you really want to wade thru muck to go swimming? Do you want to just sit on your dock and relax? Some larger lakes like Minnetonka and Whitefish and others get so much boat and personal watercraft traffic that it’s almost impossible to just sit on your dock and relax (especially on weekends). With lots of boat traffic, is it safe to water ski or pull your kids on the cool water toys? Lakes less than 150 acres may be too small for skiing. Lakes with a high ratio of littoral area may be too weedy for skiing. Larger lakes like Mille Lacs and Leech Lake have large unprotected surface areas, which enables the wind to whip across and work up four foot waves. Can you swim, ski or fish when there are four foot waves? Lake size matters!
FISHING
Do you or your guests intend on fishing? Do you want to fish in summer and winter? Some lakes are not fishable in winter, others contain “hotspots”. What’s the quality of fishing – poor – good – excellent? What species of fish reside in the lake; walleye, muskie, bass, or rough fish? Is this what you want to catch? Is there winter kill?
BIODIVERSITY
Some lakefront properties offer vast biodiversity. For instance, on Rice Lake near Brainerd and Clear Lake near Pequot Lakes you will find a mixture of beautiful sand lakeshore coupled with cool natural flowing springs. Biodiversity like this is rare and priceless, but within your grasp. Lakes that are fed by rivers like the Minnesota, St. Croix or Mississippi offer more diversity to explore and enjoy. The adjoining river is an extension of the lake. In essence, the river increases the lake size and opportunities.
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABIL
The Art of Storytelling (eg. 'Branding')A few years ago at a conference for a large, multi-national corporation, I sat and waited for the keynote speaker. She was described in the program as a woman with all the appropriate credentials. At the podium, she said she forgot the notes for her speech and she would tell a story instead.The grey suited crowd shifted in their chairs, glanced left and right at each other. She began by asking for the lights to be turned down and for all of us to close our eyes. She then told a story about a young girl who had lost her imagination and, if she was to survive, she would have to find it. It was a frightening and joyful journey full of pictures, metaphors, and, as the crowd came to realize, it was also full of analogies to their present business.45 minutes later 400 people gave her a standing ovation. Some of them were crying, recognizing the little girl in themselves. They had forsaken their imaginations, and to grow, they must find and use them again. So, why do we as adults in the corporate/marketing world shy away from simple, and effective, stories? Stories are how we shape a constantly changing world. And they do last. Consider Aesop’s fables. Hans Christian Anderson. Louis Carrol. The Bible. We learn from the words, pictur
LAKE USE
How do you plan on using the lake? Do you plan on swimming? Some lakes/lakefronts are too shallow or weedy for swimming. Do you really want to wade thru muck to go swimming? Do you want to just sit on your dock and relax? Some larger lakes like Minnetonka and Whitefish and others get so much boat and personal watercraft traffic that it’s almost impossible to just sit on your dock and relax (especially on weekends). With lots of boat traffic, is it safe to water ski or pull your kids on the cool water toys? Lakes less than 150 acres may be too small for skiing. Lakes with a high ratio of littoral area may be too weedy for skiing. Larger lakes like Mille Lacs and Leech Lake have large unprotected surface areas, which enables the wind to whip across and work up four foot waves. Can you swim, ski or fish when there are four foot waves? Lake size matters!
FISHING
Do you or your guests intend on fishing? Do you want to fish in summer and winter? Some lakes are not fishable in winter, others contain “hotspots”. What’s the quality of fishing – poor – good – excellent? What species of fish reside in the lake; walleye, muskie, bass, or rough fish? Is this what you want to catch? Is there winter kill?
BIODIVERSITY
Some lakefront properties offer vast biodiversity. For instance, on Rice Lake near Brainerd and Clear Lake near Pequot Lakes you will find a mixture of beautiful sand lakeshore coupled with cool natural flowing springs. Biodiversity like this is rare and priceless, but within your grasp. Lakes that are fed by rivers like the Minnesota, St. Croix or Mississippi offer more diversity to explore and enjoy. The adjoining river is an extension of the lake. In essence, the river increases the lake size and opportunities.
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABIL
Do you ever notice the unfortunate lack of hard work ethic? Do you see this problem at your own job? You are a hard worker and you know it, but those around you are not. It is good to see your hard work ethic, now can you honestly say that you are the norm?You see throughout my career as a human worker I have worked around the mining industry, oil industry, auto industry, trucking industry, rail industry and manufacturing industry and I have not seen what I believe to be the hard work ethic to the level I find appropriate for being in it to win it for the team or company. Oh I see people showing up on time, doing their work and making the motions. Yet I also see them often doing it at slow pace and even coaxing new workers and low-men on the totem pole to “slow down you are making us look bad” or “why are you in such a hurry, if we finish early, they’ll just give us more work to do!”And by my name I guess you can see where I am coming from if you do a search on the father of modern management and figured out that “Friedrich ‘Winslow’ Taylor” is in our family tree. I have always been under the belief that showing up and punching in is not the only requirement. Work hard and put in your fair share to keep your company healthy and productive. Think on this in 2006.
FISHING
Do you or your guests intend on fishing? Do you want to fish in summer and winter? Some lakes are not fishable in winter, others contain “hotspots”. What’s the quality of fishing – poor – good – excellent? What species of fish reside in the lake; walleye, muskie, bass, or rough fish? Is this what you want to catch? Is there winter kill?
BIODIVERSITY
Some lakefront properties offer vast biodiversity. For instance, on Rice Lake near Brainerd and Clear Lake near Pequot Lakes you will find a mixture of beautiful sand lakeshore coupled with cool natural flowing springs. Biodiversity like this is rare and priceless, but within your grasp. Lakes that are fed by rivers like the Minnesota, St. Croix or Mississippi offer more diversity to explore and enjoy. The adjoining river is an extension of the lake. In essence, the river increases the lake size and opportunities.
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABIL
With increasing facilities for credit purchases being offered every day to consumers more and more patrons are falling prey to augmented spending habits. The rising competition among credit card companies to attract customers is compelling them to provide offers that seem very lucrative on first hand information. All these extended opportunities that are easily accessible to consumers invites them towards purchasing credit facilities from the company. At the time of credit card purchases customers rarely pay careful heed to the fine prints that would latter lead them into a jumbled credit trap. All that a person notices is that the credit card company would enable him to buy possessions that would have been beyond reach without credit cards help. An access to easy credit leads a person to enjoy facilities at present and pay for them later resulting in overspending. Incurring expenses that would be beyond the reach of individual to repay has now become a habit among large number of Americans. This most common type of financial catastrophe is spreading fast towards Europe and British people.A tendency to overspend without analyzing one’s competence to repay the incurred debt has ruined lives of many. People are generally swayed into circumstances from where it’s almost impossible to revert back as the accumulated interest rates of cre
LOCATION ON THE LAKE
Every lake lot has advantages or disadvantages depending on where they are located and your perspective. If your house is located on the east side of the lake, you’ll likely experience beautiful sunsets. If your house is on the west side you’ll likely get a view of the neat sunrises. Does this make a difference to you? What’s the elevation to the lake like? Steep or gradual? Can you see the lake from the house? Do you have to wade thru swamp or weeds to get to the lake?
LAKE WATER LEVELS
In north central MN, we've experienced a few back to back years of below average rain fall. Some lake levels have dropped a foot or two. On these lakes, lake front property owners have experienced the "receding" water level dilemma. Their boat lifts are dry docked, their docks eerily end before the water begins.
AVAILABILITY OF SERVICES
For some buyers, it is important to be close to the amenities that make cabin life comfortable. Such as restaurants, bars, gas, bait, golf courses, hardware and groceries.
DISTANCE AND TRAVEL TIME
For most buyers distance and travel time is important. If you are buying a lake home and live in the twin cities and plan on spending most weekends at the lake, distance and travel time can be significant factors in your purchase decision. Would you rather spend five hours or ten hours a weekend (in the car with anxious kids) commuting to/from the lake?
LAKESHORE BUILDING RESTRICTIONS
Lakeshore building guidelines are set by the state. Each county must adhere to the state guidelines but they can also set their own local restrictions. These collective guidelines dictate things like; set backs of the house from the lake and property lines, and where the well and septic systems must be located. Are you planning on buying a property with the desire to expand later? If so, make sure that your expansion plans conform with “lakeshore” zoning guidelines. State and county zoning guidelines are available via the World Wide Web.
SEASONAL OR YEAR ROUND USE
Do you want a “summer” home or are you also interested in using it year round as a get away? Do you snowmobile, cross country ski or ice fish? Is the house insulated for winter use? Have the water lines been plumbed so that you can readily drain them as winter approaches? Do you have to “crawl” under the cabin to get at the water lines?
PUBLIC ACCESS
Does the lake have a public access? If it doesn’t – how are you and your guests going to get your water toys in and out of the water? Is the landing concrete or sand/gravel? Will you be able to launch your boat? Beware of lakes on “chains”. Is there a usable/navigable channel that will accommodate the size of boat that you have?
ICE OUT
With spring comes ice out. Depending on the pre-veiling winds, your lakeshore could take a pounding. Mille Lacs Lake for instance is notorious for ice out conditions that send walls of ice and debris towards the lakeshore. These walls of ice will move small mountains of dirt and sand. Your gradual slope to the lake could become a five foot drop-off.
ROAD NOISE
Keep in mind that many lakeshores were plotted off before zoning regulations were in existence. Old wagon trails that were once lightly used have been paved and now carry lots of traffic generating significant road noise. Some lakeshore cabins are within 30 feet of busy highways. Is this situation safe for your children or grand children? What level of road noise is acceptable to you?
LAKESHORE PRICING
If you haven’t shopped around for lakeshore property, brace yourself for “sticker” shock. Depending on the location, quality and desirability of the lake and lakefront, lakeshore property in Minnesota will range from $1,500 to over $7,000 a frontage foot. For instance, on Lake Vermillion in northern Minnesota, many sales are in the range of $1,500 to $2,000 per shoreline foot. That compares with $4,500 to $7,000 a foot for the upscale cachet of lakes near Brainerd like Gull or Pelican Lakes, $3,300 on Leech and $2,000 to $2,400 on Lake Winnibigoshish.
Minnesota Lakeshore Pricing “Rules of Thumb”
* If you live on a smaller lake (100 - 500 acres) with gradual to level elevation and a good beach you can expect to pay $1,500 - $2,250 per foot of lakeshore.
* For medium size lakes (500 - 1,000 acres) with gradual to level elevation and a good beach you can expect to pay $2,250 - $3,750 per foot of lakeshore.
* On larger lakes or chains (1,000 - 15,000+ acres) with gradual to level elevation and a good beach you can expect to pay $3,500 - $7,000 per foot of lakeshore.
These figures do not include structures nor do they take into consideration location, beach quality, elevation, trees, exposure and neighboring properties which always influence the market value of property.
Anticipate paying more for a “quality” lake and lakeshore. Buying into the “right” lake and lakeshore will have a major impact on your ability to enjoy your purchase and the amount of your return on investment.
In summary; when buying lakeshore property, the quality of the lake and lakeshore are as important as the house. Houses can be remodeled, lots can be landscaped, but you can’t fix the lake, lake bottom or lakeshore.
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