For most people, the advent
of summer brings visions of tranquil outings to the lake,
quiet moments by the dock, and the sound of gentle waves
touching the shoreline. It also kicks off the traditional
cottage season and this year, as in years before, preparation
is the key to finding the right property.
Unlike residential real estate, recreational properties
are a lot harder to find. Firstly, theres only
so much lakefront property available. But this year,
demand for property outpaces supply in most areas of
the country, making timing a crucial component of the
buying process.
The key is to act quickly, but cautiously, to secure
your piece of paradise. By adhering to the following
tips, you can ensure that youre in a position
and ready to move at a moments notice:
- Know your price range and determine how much you
want to spend
- Find a realtor you trust.
- Decide on a property that is on the waterfront
property or within walking distance to the water.
- Winterized or seasonal? Would you like to use the
cottage year-round or just during the summer?
- Are you prepared to travel more than two to three
hours? Do you like smaller lakes or larger lakes?
Do you prefer sunrise or sunset? By answering these
questions, youll be able to narrow your search
to specific areas.
- Work with your realtor. As soon as a cottage is
listed, especially if its located in a high demand
area, be prepared to move quickly, including driving
up the same day or very next day.
- Have a home inspector go through the cottage. This
provides most buyers with peace of mind.
- Do you want deep water or shallow water? Do you
prefer sandy beach or rocky cliffs? What about activities
such as fishing, hiking, boating, and swimming?
Once you find a property you like, dont hesitate.
If priced properly, most cottages move quickly. Finally,
a recreational property is your home away from home
-- a place to relax, enjoy yourself, and have a little
fun.
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