Contributed By Gerald Michaud. During the warm summer months, you may have rented or visited friends at a cottage. Have you ever considered buying your very own cottage? You’d be surprised to know that cottage ownership is well within your grasp! You will have more time relaxing, canoeing, antiquing, boating, tubing, barbecuing and laughing with family and friends.
Ontario has many beautiful regions including: Grand Bend, Muskoka Lakes, Kawartha Lakes, Sandbanks and many more.
With this summer season coming to an end, you might ask about when is the best time to buy a cottage? Here are top reasons why autumn is a terrific time to invest in your happiness and shop for a cottage to call your own.
1. Concerned about privacy? Exploring cottage country in the autumn months allows you to experience the best of Canada’s majestic foliage. If you begin your search as the leaves fall, you can gauge the privacy of the property when the trees are bare. If the property seems private without the protective covering of leaves, you can be certain that it will feel more private in the summer!
2. Autumn allows you to get the fullest sense of your property. Typically, the autumn months feature the lowest water levels. This is the time to see how exposed the shoreline is and compare the high-water mark with the seasonal lows.
3. More listings appear in spring, summer and fall. But fall buying activity is great as sellers are getting back into the swing of things after the dog days of summer. Many sellers hope to sell their property before the weather changes.
4. High listing prices got you down? Consider a leasehold interest. This arrangement sees the buyer purchase the cottage and lease the land that the building sits upon. The big advantage of a land lease property is the affordability, you buy and own the building but you lease the land. Financing is the same as any purchase. Purchasing a cottage on leased land enables you to own a summer home that you otherwise wouldn’t be able to afford. This may have drawbacks and as with all real estate transactions working with qualified real estate professionals is your best bet to a smooth and painless purchase of your new cottage! Interested? PEC4me.ca
