This book is designed to help first-time buyers and long-time owners make the most of a cottage investment. Douglas Hunter provides expert advice on all aspects of ownership of a second home, from finding and buying the perfect cottage to selling it or handing it down to the next generation. The hundreds of tips and cautions, sample documents and comprehensive checklists lead to maximum enjoyment of a cottage and minimal unhappy surprises.
The book is jam-packed with solid information and easy-to understand advice, including:
How to choose the right location
Finding the perfect property to match a lifestyle
Finding the right real estate agent
How to inspect a vacation property
Financing the purchase
Co-ownership arrangements, including fractional ownership and time-shares
Strategies to minimize taxation in the U.S. and Canada
Trouble-free rentals and using a rental agent
Boosting market appeal when trading up or selling
How to structure a cottage inheritance to reduce taxes -and family disputes
Retiring or relocating full time to the cottage.
This all-in-one resource also identifies potential problems and offers effective solutions to common challenges.
Douglas Hunter regularly writes on business, sports and outdoor pursuits for a variety of publications. He is the author of 13 books and lives on Georgian Bay in Ontario's cottage country.
This book is a must-have for cottage owners or anyone with dreams of buying a cottage. The basic buying tips are helpful, but the best part of the book is that it addresses a key question for baby boomers: Is retirement at the cottage really possible? ... Add this to your fall cottage book list.
With easy-to-understand advice on finding the perfect property to match a lifestyle, plus an entire chapter dedicated to sharing a cottage, it's a comprehensive tome that also makes a great gift for new cottage owners.
Falling in love isn't always conducive to rational thinking and planning -- even if the object of your affection is a cottage. So before entering into a relationship, Douglas Hunter suggests balancing your emotions with information.... If you're not informed about tax implications, water quality in nearby lakes or rivers, neighbors, anglers, and even where the sun sets and direction of wind in relation to your cottage, you might be in or a big surprise. You didn't think romance could be so complicated, did you?
This book tells you all you need to know, from choosing a location, inspecting the cottage, financing and purchasing. There's also information on selling your camp or handing it down to the next generation. And if you're retiring shortly you might want to read about relocating full time to your summer home. Not that I'm jealous of anyone retiring shortly.