Since mortgage rates are fairly steady these days, yet gas prices are increasing, buying a cottage for summer vacations would seem a good investment. One of the most essential tips of buying a cottage is to research several areas. The most popular summer vacation areas are most likely the most expensive and the most crowded.

Most people usually look for peaceful, quiet surroundings for vacation especially if thinking about a summer cottage. Quite lakes and river-sides offer benefits not found in crowded resort areas. The internet provides many real estate sites with summer vacation sites for sale.

Undiscovered or less populated areas will be where the best real estate deals will be found. Preferences will determine whether a lake or river setting is more desirable. The view and amount of seclusion, access to neighbors, ground or water travel are all factors to be considered.

Price is probably the biggest factor to consider. The potential of value increases is something to look at. If an area is remote or in the process of urban development, the value will increase or decrease over time. Taxes ought to be seriously considered as well as property maintenance, building codes and resale potential.

Sometimes the cost of owning and operating a cottage can be offset by renting it out when it is not being used by the owners. Many people find that this is a viable option and it will be the determining factor when deciding whether or not to purchase or rent in an area. Another option is to buy a cottage as a co-op as long as the purchasers are agreeable on the legalities involved.

It is wise to consider any potential property land claims before building or buying recreational buildings. Many people have lost a great deal of money because they have built or purchased on property which they have later discovered they can never rightfully own. It is also best to look onto winter and summer access routes and whether or not access is by land, water or both as roads.

If roads are private, there could be additional costs incurred. Another hidden cost may be the waterfront access, whether or not a dock or levee can be constructed on the water\’s edge, the depth of the shore and whether or not there is a private or public beachfront directly accessible or within walking distance.

Water levels and beaches can vary annually, so it is always wise to check out these facts prior to purchasing. Internal plumbing or outhouses are important factors when considering the amount of comfort and convenience one wishes for. Winterized cottages are also something that can be considered if there is the opportunity to use the recreational facility all year round.

Adequate amounts of accessible, fresh water is extremely important for drinking, bathing and cooking. Checking the available fresh water resources is one of the most important safety factors to consider. Ensuring that the building is dry and on dry land is also equally important so that mold or rotting does not become a problem. Building inspections and research will take care of bringing these potential problems to light and are two basic tips of buying a cottage.

Author Bio: When in need of Haliburton cottages for Sale, don\’t delay. If you are unable to reach your local realtors, try contacting Haliburton Real Estate services.

Category: Real Estate
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