Zoocasa
Sold Prices
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Home Buying a Home

5 Things to Consider Before Buying a Cottage

CanadaStays by CanadaStays
August 19, 2016
in Buying a Home, Guest Posts
Reading Time: 2 mins read
What to know when buying a cottage
Share33
Tweet
Share6
39 Shares

Thinking of buying a cottage? There are many reasons why urban dwellers are snapping up property in the great Canadian north. Whether you’re nostalgic for the lake-side days of your childhood, hoping to leverage rental income potential, or looking for options outside of the Toronto real estate market, buying a cottage can be a great option. But it’s important to look before you leap into the cottage country market. Check out these five tips before beginning your search.

Consider location when buying a cottage

1: Get to Know Your Dream Location

You may think that you want a lakefront cottage right on the water’s edge. But consider the risks: is this area prone to flooding? Is the lake full of summer visitors? Is that cottage in the woods accessible by any car or do you need a four-wheel drive vehicle to get in? Will you have easy access to grocery stores and emergency medical facilities? All of these are important points to consider when you search for the ‘perfect’ cottage.

2: Are You Financially Ready?

You should still look into a mortgage pre-approval before buying a cottage, the rate and amount for which will depend on what you have saved for a down payment, your income, and your credit score. You can start looking once you know exactly what you can afford on your budget.

3: Understand the Maintenance Fees and Insurance Costs

Maintenance is important when buying a cottage

Beach homes in the south can be directly in the path of hurricanes, and that can make it more costly to insure the home. As well, if your cottage has manicured lawns and topiary bushes, you’ll have to pay for your own maintenance or landscaping services.

4: Consider Your Lifestyle

Are you seeking quiet solitude, or a social home where your friends, neighbours, and family will congregate? This will affect both size and location. Research your rental options and book a temporary stay in the areas you are interested first to get a first-hand experience.

5: Will You Rent Out Your Cottage?

Renting your property can earn extra income to help fund your mortgage, create a renovation budget or simply add to your savings account. If you’re considering renting your cottage, be sure to check out listing options that safely market your home such as CanadaStays, which can connect you with millions of travelers by listing your property on their online marketplace, and with a secure payment platform that ensures payments are easily and safely managed.

Would you consider purchasing a cottage instead of a city property? Let us know!

Previous Post

New Home Inspector Regulations Coming to Ontario

Next Post

Celebrity Homes of the Week: Tom Ford, Naomi Watts and Liev Schreiber, and Joey Lawrence

CanadaStays

CanadaStays

With over 100,000 cottages, cabins, chalets, resorts, lodges, B&Bs and condos available for rent across the country, CanadaStays is unchallenged as Canada's largest vacation rental marketplace.

Related Posts

Buying a Home

6 Best Cities for Affordable Luxury Homes in Canada Under $1M

July 10, 2025
Buying a Home

10 Cheapest Homes For Sale in Florida: Where to Find Budget-Friendly Options in the Sunshine State

June 22, 2025
View of Peggy's Cove in Nova Scotia
Buying a Home

The Best Small Towns to Buy a House in Nova Scotia and Cape Breton for Beautiful Views

June 6, 2025

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

6 Best Cities for Affordable Luxury Homes in Canada Under $1M

July 10, 2025
Windsor, ON city skyline

10 Years of Rising Mortgage Payments: The Canadian Cities Hit Hardest

July 9, 2025
A person holds a paint sample while standing in front of a ladder, preparing for a painting project.

Pantone Colour of the Year: What the Last Decade Looked Like

July 8, 2025

Longer Days, Slower Sales as June Market Offers Buyer Advantage: TRREB

July 7, 2025

Featured Listings

6 Best Cities for Affordable Luxury Homes in Canada Under $1M

July 10, 2025

5 Canadian Cottage Regions That Make the Perfect U.S. Buyer Getaway 

June 15, 2025

From Skyline Views to Private Escapes: 5 Luxe Calgary Homes for Sale

June 10, 2025

What it Means When a Home is Listed for $1

June 7, 2025
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Stay Connected

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.