(June 03, 2014 , posted in General)

Have you ever wanted to buy a cabin nearby to go to on the weekends? Some of you might even have one already. For those of you considering the purchase, there are many pros and cons to making this important move.

This is the time of year when we see a lot of turnover in cottages. It’s a good time to start looking! Recreational waterfront properties can come in wide ranges, from the “glorified shed” to the “mansion cottage”. Here are some things you want to look for:

  • A cabin with year-round access is looked upon more favourably by lending facilities as the homes will be built with proper insulation and be winterized.
  • Think about going in with a group of trusted people. You can split the time at the cabin with them (as well as the chores!).
  • Take into account additional expenses: do you need a boat, is there a dock, what does it cost to drive out there, what will the yearly maintenance be like… etc.?
  • Consider renting in the area you are interested in first, just to make sure this is where you want to spend your summers for the foreseeable future.
  • Have you considered south of the border? With the decline of prices in U.S. homes, this may be a more affordable option.
  • And, of course, if you are seriously considering this, give me a call and I will research all of your options.