Do you have the means to buy a cottage?
If you want to buy a cottage, you must take into account the associated additional costs: maintenance costs, transportation (to get to the cottage), electricity, etc. Make an assessment of these costs and make sure to be able to balance your budget. You are afraid of having struggling to make two ends meet? You might consider renting the cottage a few weeks in the year to pay the fees. If you choose this option, be aware that the rental fees are taxable, but the maintenance costs, electricity and property taxes are deductible during the rental period.
Rent before you buy
Before investing, ask yourself some questions. Do you want to spend your vacation in the same place? The energy and time to maintain two residences? Otherwise, you may regret your purchase. You’ve never lived in a cottage? It would be wise to start with rent one for summer. This will allow you to check whether this lifestyle please.
In some places, the Internet, cell phone services, cable television and collection of waste are non-existent. Moreover, there is no electricity. Propane appliances or generators are needed. Are you willing to compromise on comfort? If so, which? Before you go looking for your green paradise, note the services that you hold and which ones you can do without.