Tips for Buying a Cottage in Muskoka
Thursday Mar 15th, 2018Share
There is nothing more relaxing than sitting by a calm lake with a drink in hand while you watch the sunset through some vibrant trees on a long August night. It’s even better when you spent your day walking around nature, working on your lawn, taking care of your garden, then taking a quick dip in the water to cool off. If this sounds like a paradise to you, then you should seriously consider purchasing a cottage!
Having a cottage allows you to escape from the hustle and bustle that living in a big city brings. They also let you reconnect with family and friends to create lifetime memories in your private oasis. Before jumping in and buying a cottage, read up on these tips to better understand how better invest in a cottage to get the best one you can afford!
Do your research
The first thing you need to do is research. There may be a lot of properties on the market, especially in the spring seasons, so make sure you exhaust all of your options within your budget. Finding the best cottage that suits your needs will take a lot of time and will require some patience, so take your time while you search listings online.
You should also determine what kind of cottage you want. There will generally be two options; cottages that can be used all year round that have running water and heating systems, or cottages that aren’t winterized.
Here are a few things to consider when searching for cottages:
● Do you want to use the cottage all year or only in the summer?
● Is the road leading to your cottage public and well maintained?
● Will you be allowed to renovate or build additional features?
● Is it in a good area where the property will appreciate?
● Does the cottage pump water from a lake or a well?
● Does the sewage system work and is it far away from trees?
You should also decide whether or not you want to rent out your cottage. A lot of cottage owners will rent out their property for weeks and weekends that they won’t be there. Doing this will help with your finances, you just have to make sure you trust the renters that they won’t damage anything! If you're not intending on renting, you may want to look at a smaller property on a smaller lake to better fit your budget.
Buying a cottage in Muskoka
If you are living in Canada and are looking to buy a cottage, your first destination should be Muskoka; it is called cottage country for a reason! Let Chelsey Penrice of Muskoka Luxury Properties be your guide for everything to do with buying a real estate