Before You Purchase A Cottage Know The Facts

Determining whether you can afford a second home should be your first step. Go visit your bank manager to evaluate if there is a way to finance the cottage such as increasing your existing mortgage or applying for a second one. Beware that you will be required to have the income needed to make the payments. 
Your next step will be to choose an area you will enjoy and can afford to buy. Many people choose a location based on the drive time from their house but other aspects should also be taken into account. Do you prefer your cottage to be close to a lake or ski hill?  In the province of Ontario Blue Mountain real estate offers residents both quick access to the beach as well as very good skiing thus putting in high demand as both a winter and summer destination. Do you wish to be fairly isolated within a wooded area with neighbors far from you?
You will need to consider the number of bedrooms, the structure and the condition of the property and its electrical and plumbing but you will also need to evaluate where your water comes from and whether your cottage is adapted for winter use. Find out if the road to your cabin will be maintained year round by the municipality.  Evaluate the condition and location of the sewage system, particularly a septic tank or tile bed. Look into the bylaws in terms of water sole access, hunter access and others crossing your land. One more thing to consider will be rights to renovate or build additions to your cottage. 
A few other things to consider when choosing a cabin are the services that are near by. Services such as grocery stores, ambulance and fire department, internet, cell phone and telephone access as well as a marina nearby may be crucial to you and should be evaluated. 
In the end, the cabin that you choose will have to be enjoyable for both you and your loved ones. Visiting a number of different areas is a must before a final commitment is made. Stay for a few days or even a week if you can and try to savor all that the cabin area has to offer.To experience an area to the fullest, schedule to visit for a few days or a week if you can. Familiarizing yourself with an area will assist you make the best decision and also help you to feel more at ease once you commit to purchase your cabin. 
Making the commitment to invest in a cottage can be exciting and nerve-wracking. However, it should not be taken carelessly. The best way to make sure that you get what you want out of a new cottage is to do your research. Nothing is too small to query and no question is too silly to ask. Working with an experienced real estate professional will give you an advantage in locating and selecting the perfect cottage for your family. Your new cabin deck is waiting for you as is the nature in your little corner of paradise.