Posts Tagged ‘homes buying’
Buying The Perfect Cottage
Many North American have the tradition of getting out of the city with the children on the weekends. Most of us dream of owning a summer property and having our little piece of heaven with clean air, trees and beautiful surroundings but without some initial legwork, the dream can become a nightmare.
Determining whether you can afford a second house should be your first step. Go visit your bank manager to determine if there is a way to finance the cottage such as increasing your current mortgage or applying for a second one. You will need to have the income available to make the additional payments.
Choosing a location you can afford and will enjoy will be your next step. The drive time from their main property can be the main deciding element when selecting a location but other aspect should also be taken into consideration. Is short distance to a lake or ski hill important to you? For instance Blue Mountain real estate in Ontario has skiing during the winter and beach activities for the summer making Blue Mountain cottages very popular as a year round destination. Do you desire a heavily wooded area with no neighbors close by?
You will need to evaluate the number of bedrooms, the structure and the condition of the house and its electrical and plumbing but you will also need to evaluate where your water comes from and whether your cottage is suitable for winter use. Find out if the road to your cabin will be opened year round by the municipality. Evaluate the condition and location of the sewage system, in most cases a septic tank or tile bed. Find out the bylaws in terms of water sole access, hunter admittance and others traveling your land. One more thing to consider will be rights to remodel or build additions to your property.
A few other things to look into when choosing a cottage are the services that are close by. Services such as grocery stores, ambulance and fire department, internet, cell phone and telephone access as well as a marina close by may be crucial to you and should be considered.
The decision to purchase a cottage is nerve-wracking and exciting. However, it should not be taken lightly. The best way to make sure that you get what you want out of a new cottage is to do your research. Ask many questions, everything should be explicit to you. Find an knowledgeable real estate agent who knows the cottage country and will be able to assist you make the best choice.Your new cottage deck is waiting for you as is the nature in your little corner of paradise.