By: Brown Nutan

What To Consider When Buying A Cottage

While purchasing a cottage can be a fantastic investment, there are crucial factors to consider during your search for the perfect getaway. Here are five essential factors you should keep in mind when purchasing a recreational property.




It's crucial to evaluate a cottage's weather-proofing for both summer and winter months before making a purchase. Key considerations include the age of the roof, doors, and windows, as well as the level of insulation, including under the floors. Harsh winter conditions can strain cottage roofs, and it's essential to ensure there are no cracks or openings that could allow animals or the elements to enter. 




Be aware of the type of plumbing in the cottage you're considering. Some cottages may only have an outhouse, while others may rely on a septic system. Understanding the plumbing situation and the associated maintenance requirements is crucial for your convenience and peace of mind.




The accessibility of a cottage plays a significant role in your personal use. If a property is only accessible by water, it may primarily be suitable for summer use, requiring you to consider the cost of purchasing a boat. Additionally, rural areas may have limited winter access due to unmaintained backcountry roads. Consider the proximity of essential amenities, such as grocery stores and gas stations, as many cottages are located in remote areas.




Cottages are considered personal-use properties, and tax implications vary depending on whether you use them solely for personal recreation or decide to rent them out. It's important to understand the tax rules applicable to your situation. Additionally, when you sell the cottage, you'll be responsible for paying taxes on any capital gains you've accumulated.




The price of a cottage can significantly fluctuate based on several factors, including its location, size, and type. In addition to the initial cost, there are ongoing expenses to consider, such as property taxes, insurance, maintenance, and utilities. To ensure a successful cottage ownership experience, it is crucial to comprehend these associated costs and have the necessary financial capacity to support them.