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What are some things to consider when buying a cottage?

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Quick Answer

When purchasing a cottage, one thing to consider is how close access to water is, notes Cottage Tips. Another thing to consider is how much docking fees are for a boat. Knowing the cost of fuel for filling the boat is also important.

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Full Answer

Before purchasing a cottage, potential buyers should find out if its electricity source is on or off the grid, according to Cottage Tips. It's also important to find out if the cottage has a toilet or if the use of an outhouse is necessary. Another thing to consider is how to secure financing, because many banks are reluctant to give loans for recreational properties, explains Miller Bernstein.

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