Buying a Cottage in Ontario- Tips!

This is
Step #4 of Buying a Cottage

Have You Gone Through The Other Steps Listed?

No? Just search the beginning of Buy a Cottage and follow though.

These steps are to help you complete more research than the average consumer!



Cottages for Sale Ontario Priority Buyer Program

Search Location to Find Out More!

The Thousand Islands Rideau Lakes Bruce Peninsula Bancroft and Area Eastern Ontario Real Estate Georgian Bay Haliburtan Kawarthas Land o' Lakes Waterfront Lake Erie Property Lake Huron Lake Simcoe Northern Ontario Muskoka Parry Sound Picton (Prince Edward County) Wasaga Beach Other Areas

Step #4 Continued...

Did you eliminate some areas or properties?

Did you add a new area to explore?

It is a major decision, take a drive and check all the cottage areas out you are thinking of.

REMEMBER-Buying a Cottage or Waterfront Property
is Not the Same as Buying in City.

Have you lived in the city all your life?

Even just close to the city?

What You Know about Real Estate in the City Needs to be Adjusted to Cottage County!

• What about a power failure in the winter?


• Can you get to the property in the winter?


• Will the municipality allow you go to the property in the winter?


• What about Cottage Insurance

Complete Your Families 'Due-Diligence' With All Aspects Surrounding Your Purchase.

A Things You May not Have Thought of when Buying a Cottage!

I have tried to set this up to help you to understand some of the issues.

Question Everything You Don't Know When Making An Offer to Purchase!

Knowing this stuff can help in eliminating some cottages or areas you may have been thinking about!

You Should Be Aware Of...

• Cottage and property boundary line issues or survey issues.


• Perhaps crown land encroachment issues.


• Zoning!Is it seasonal use only?


• Septic systems failures or insufficient size of system.


• Water Well and Supply Systemsthis should be thoroughly checked out.
  
• A water analysis? Never do that in the city!


• Does it have a water treatment system such as UV lighting?


• Does the property include the waterfront? See shore road allowance


• Are there issues getting to the cottage. Have a look at restrictive covenants and check out right-of-ways.

You may be working with a Real Estate Agent and a lawyer (no disrespect at all intended) at your side during the purchase and think you are covered.

After closing, or a few years down the line, if issues come up...it's your problem to deal with!

So We Have Reviewed:

1-Cottage Mortgages.

2-Several Cottage Locations to Search. Lots of research to be done on multiple lakes and areas.

3- Cottage Expenses and Your Budget.

4- Your Wish List for Your Cottage.

Next Step #5- Picking your Realtor®

Please read the Disclaimer

Buying a Cottage-Back to Top

Cottages for Sale - Ontario Cottage- Home