Buying a Cottage is not easy as buying a house in your city. There are so many things to consider. Some of the major points which you should acknowledge before buying a Cottage are –
- Privacy: You have to choose how much privacy you need at your Cottage. How close or far do you need your neighbors to be? Whether you want to be on a busy or crowded lake or a silent one with only a few cottages.
- Access: Cottages which are approachable only by water are usually less expensive. However, you have to add in the expense of maintaining or buying a boat besides additional travel time and marina expenses.
- Lake: The size of the lake can also dictate the type of activities that can place there. For instance, on a small lake, there will be fewer motorboats and less boating. Medium lakes are best for fishing. And on a large lake, you can do whatever your want.
- Surroundings: Be aware of what is nearby the Cottage. For example, it is not suitable to have a communication tower nearby if you are worried about the electromagnetic field. But, if you want to rent out the Cottage, make sure that there is no such thing that will spoil the view.
- Travel Time: Fix your limit, but don’t forget that an additional 15 minutes may get you a better deal. If you are ready to compromise with travel time, you can get what you are looking for at a good price.
- Roads: Make sure your lane would be keep maintained throughout the year. Otherwise, your mortgage lender or insurer will charge you extra for it.
- Realtor: A local realtor in Brampton completely understands the city and will understand the type of property you are searching for.
- Legislation: You must be aware of legislation because there are restrictions on things you can do on shorelines. For instance, If you want to build a new dock.
- Systems: You need to check some systems while looking for a cottage, like water and electricity systems. Check if the power grid is accessible or not. Check how you will get water at the Cottage, such as dug wells, drilled wells, or the lake? However, it’s good to pay for a home inspection to review the structure and the systems.
- Information Sources: You can find more about a particular area from official plans, township officials, local lawyers and realtors, local tourist associations, local news outlets, or lake associations.
- Feel: The very initial thing you can do at a waterfront property is to go down into the water. Make sure that the Cottage suits you and your needs. Check the location of Cottage, its surroundings and the view from it. Notice the position of the Sun in the morning, in the afternoon and in the evening. Walk into the water to check whether the seashore is rocky, silty, hard-packed or sandy.
These are a few of the points you should consider if you want to purchase the best Cottage.