The Cottage Ownership Guide: How to Buy, Sell, Rent, Share, Hand Down and Retire to Your Waterfront Getaway

by Douglas Hunter

Cottage Life Books | October 3, 2012 | Trade Paperback

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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
  • Cottage surveys
  • 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.

Format: Trade Paperback

Dimensions: 256 pages, 11.25 × 8.75 × 0.62 in

Published: October 3, 2012

Publisher: Cottage Life Books

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0969692269

ISBN - 13: 9780969692263

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– More About This Product –

The Cottage Ownership Guide: How to Buy, Sell, Rent, Share, Hand Down and Retire to Your Waterfront Getaway

by Douglas Hunter

Format: Trade Paperback

Dimensions: 256 pages, 11.25 × 8.75 × 0.62 in

Published: October 3, 2012

Publisher: Cottage Life Books

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0969692269

ISBN - 13: 9780969692263

Read from the Book

1. Introduction Vacation homes have been with us for as long as humankind has needed a vacation. The Romans had their villas. The Elizabethans couldn''t wait to escape the crowds and pestilence of London and head for their country retreats. Somewhere in our deep past, whenever breaks in the mammoth-hunt schedule permitted, a cave dweller probably grabbed spouse and kids and shambled off to a quiet spot with a drop-dead view by the tar pits. The cottage is supposed to be about "getting away from it all," but clearly you don''t have to be cooped up in one of Milton''s Dark Satanic Mills before you start yearning for a respite at the lake. Most people who own a vacation property have a perfectly nice home elsewhere. The change they''re looking for is not just about fresh air and a place to paddle a canoe, but about a different set of priorities. A cottage is about sleeping in -- or getting up even earlier than usual to do some fishing. It''s about having a haven for family and friends -- or a haven from the rest of the world entirely. Cottages are where batteries are recharged, where harried souls can decompress -- regardless of where they''re located or their degree of sophistication. The cottage is synonymous with escape. And with a perfect cottage, the escaping is to , not from . You stop thinking about getting away from town -- it''s not just that any port in a storm will do -- and, instead, about getting to the lake. Some of you reading this book have probably had years of
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Table of Contents

Introduction Getting started Determining your "needs" and "wants" The "needs": How much and how far? How much are you willing to spend? Chart: Surprise, surprise: How additional costs add up How far are you willing to travel? The "wants": Making your wish list Do you want a cottage you can use year-round? Drive-to or water-access? What is your vision of "cottage country"? Are you willing to rough it? If so, how much? How many people do you want to fit into your cottage? The L.Q. test: What is your luxury quotient? What do you want to do for fun? Are kids part of your cottage picture? The Cottage Wants Checklist Cross-border shopping: Issues affecting Americans buying property in Canada Taxation Restrictions on non-resident land ownership Borrowing from Canadian institutions Health care and retirement Caution for Canadians buying from a non-resident Choosing your lake or river How to make sure a specific place fits your wish list How to be a lake detective Mining cottage association reports for nuggets of buyer-helpful information Who''s in the know? Where to turn for info What''s your lake like? Area maps: Essential tools for lake detectives How much does the water level change? Matching your lake with your planned activities Sample lake analysis Do you even need a lake? Hot-button local issues Where to turn for info on local issues The property search process Finding what''s on the market and finding an agent Looking for love in all the right places The Multiple Listing Serv
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From the Publisher

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
  • Cottage surveys
  • 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.

About the Author

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.

by Douglas Hunter

Editorial Reviews

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.
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