Be sure to give careful thought to your potential purchase’s future resale value as well. Driving distance and accessibility are two important factors in this regard, as are proximity to a nearby town or marina. Consider whether there is access to telephone and hydro lines, and if emergency and waste management services are available. Drinking water quality and septic systems are also key considerations.
Remember as well that you will have to set aside funds for property tax, insurance and utility costs. Recognizing its added exposure to the elements, having the financial resources to maintain your cottage, from driveway to dock, is also crucial.
Given that cottage property divisions normally aren’t visually apparent, it is important to obtain a copy of the survey to be clear on the boundaries of your land, and as with the purchase of any property type, your REALTOR® can counsel you on permitted zoning uses and potential future development in the area.