The soft sound of the wind shifting through the trees, the smell of the lake at your doorstep; having a cabin in Minnesota is something many find to be a gratifying experience. Here are a few things you need to do to make sure your lifestyle and finances are up to the task of maintaining that lakeside property.

Are Your Finances in Check?

Oftentimes, a large investment like purchasing a cabin can feel daunting. Plan as far in advance as you need to assure your financial security. Saving money now can pay off in lakeside sunsets in the near future. An article from lays out three key factors: financing, insurance, and Maintenance costs. It is important to understand all three before purchasing a cabin.

Is Your Weekend Availability High Enough?

Aside from the costs, many people don’t consider the time it takes to upkeep a cabin far away from their home. If you work frequent weekends, you may not have the time to get up to the lake to maintain the yard and home itself. Your time at the cabin won’t just all be fun and games, much of it will be spent doing the maintenance tasks you’ve let slip in the time you’ve been away. Be sure you have the time and effort it takes to maintain a second home away from home.

Which Type of Cabin is Right for You?

Just as Minnesota has an abundance of lakes, there are tons of options when it comes to picking a cabin. Do you want o town? Rent? Is a timeshare or joint ownership a good option for you? In an article for Cabin Living Magazine, Ehren Graf points out that it is important to, “Take the time to educate yourself as to what you are getting and what is being presented to you.” The article also lays out the different options and packages that come with purchasing a cabin. You can check it out in its entirety here.

At Mid-Minnesota Federal Credit Union, our goal is to help you reach yours. If that goal is a cabin by the lake but you’re not sure if you can afford it, stop by one of our branches to speak with one of our extremely talented financial planners and loan officers. Get started by calling or visiting our website at