5 Things to Consider When Buying a Cottage

Cottages are becoming increasingly popular, and it’s easy to see why. They’re the perfect mix of privacy and convenience. But before you buy a cottage, there are some things you should consider. In this blog post, we will discuss 5 factors you should consider when buying a cottage.

1) Location 

There are several things to consider when choosing a location for your cottage, such as finding one you and your family will enjoy. For example, if the property is on an island, receiving assistance in an emergency will be more difficult. It’s also vital to consider how far away the property is from medical centres, fire halls, grocery stores, or other important places if it’s on the mainland. Another factor to remember when considering the cottage’s location; Is it located on a hill? If this is the case, you must ensure stable walkways around the property.

2) Size 

The size of the cottage is important for two reasons. First, you must ensure that the cottage can comfortably accommodate your family and all your belongings. Second, you need to consider the amount of property upkeep required. A smaller cottage will require less time and effort to maintain than a larger one.

3) Budget 

It’s essential to evaluate your budget when purchasing a cottage. It would help if you also considered the expense of property taxes, insurance, energy, and maintenance in addition to the first payment. It’s a good idea to get financial advice if you’re unsure how much you can afford.

4) Water

We take water for granted while living in the city all the time. We may turn on the tap, and water comes out. However, rural homes might not always have easy access to water or safe drinking water because they are outside the city. If you want to buy a cottage, check the local water situation first. Having a well may necessitate routine sample testing. You could need to bring clean drinking water if you live far from public services.

5) Renting

When investing, consider how often you will use the cottage. It might change after a while, but being aware ahead of time may be beneficial. Renting it out may be advantageous if you only use the cottage during the summer holidays. If you have a winter home, you can keep it as a weekend rental. To be considered personal property, a cottage must be visited at least once a year by its owner.

The Bottom Line

Cottages can be a safe investment when proper research is done. Considering the amenities included in the property and location can increase the property’s value at resale. Investing in property and winterizing it can increase resale value and allow it to be rented out during the colder months.

A cottage can easily disconnect from your everyday responsibilities without investing in a lavish vacation. Moreover, a property relatively close to local amenities can increase in value over time. So, these are 5 key factors to consider when buying a cottage. By keeping these factors in mind, you can narrow your search and find the perfect cottage for you and your family.

Still searching for the perfect cottage? Contact Hawkins/Ryerse Group today to see how we can help!