Posts Tagged ‘cottage real estate.’
Now may be the best time to buy the cottage you always dreamed of considering that the cottage real estate industry was not spared by the economic downturn. The cottage country real estate market is now more balanced after years of the demand surpassing the supply. Time-share and new condo developments are offering generous incentives to possible buyers while the prices of resale cottages are falling as seen in the Collingwood real estate market.
Securing the help of an area specialist should be your first order of business. Just make sure you choose a real estate agent with a in depth working knowledge of recreational properties. An agent working in an area surrounded by cottages and lakes does not inevitably have involvement selling cottage real estate. Experience selling in the recreational real estate market should be your determining factor when choosing an area specialist.
Zoning is a very crucial aspect to evaluate. You may be prevented in some cases from changing your cottage into a year round residence by municipalities having adopted a season using zoning. The same is true for additions and added constructions. Be sure you ask your agent about the zoning by-laws in the area that appeals to you. While the zoning by-laws are passed by the municipalities, day-to-day concerns are dealt with by the cottage associations.
