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It is estimated that nearly one in four Canadians would buy a cottage or cabin if given the opportunity to do so. Given the high prices of urban living, ever-growing city noises, and more work-from-home remote opportunities than ever before, it is unsurprising that the demand for the quieter cottage life is so popular and that people are actively looking to buy a cottage in Muskoka.
While the urge to commit to buying one of the many houses for sale in Muskoka, Ontario, can be strong, there are a few things you should consider first, such as what to look out for when buying a cottage, as well as a good time to buy.
Here are some of our tips for buying a cottage in Muskoka.
In today’s hot market, cottage prices tend to rise as city-goers flock to find their slice of cottage life. However, there are certainly better times than others to look for cottages for sale on Lake Muskoka. If you’re wondering, “should I buy a cottage?” then you should know the best time to buy a Muskoka cottage is whenever you feel you can safely afford one and are personally ready to make a move.
The Fall is generally considered to be the best time to buy a cottage. The rationale behind this is that many sellers are putting their cottages on the market after enjoying one last summer at the cottage, leading to an influx of options. Secondly, these sellers are generally also hoping to sell their cottages before the harsher conditions of a Canadian winter hits to avoid any potential headaches or fees that can come with owning or closing down a cottage during the colder seasons. These cottage-owners are looking to sell in a time where the market is more saturated, while on a time-sensitive schedule, they may be more likely to lower their prices and negotiate.
Besides timing, there are other factors one should consider when buying real estate in Muskoka, such as the following.
The Muskoka region is, without a doubt, the best place to buy a cottage in Ontario, but much like any other form of property-buying, you have to consider the ideal location for you and your needs. You could find a seemingly perfect cottage, but its geographical location may pose issues.
For example, if you have children, you’ll likely want to buy a Muskoka cottage or home that is relatively easy for a commute to and from school or daycare. Likewise, if you’re one who is unable to work from home, a person who buys groceries one day at a time, or a home that experiences frequent guests, a more isolated home may not be right for you, and you should instead seek one of the more accessible places to live in Muskoka (which, fortunately, are plentiful!)
This somewhat pertains to a location but deserves its own dedication, especially in a region like Muskoka, so known for its scenery.
When shopping for your next dream cottage, you’re going to want to consider the view the property brings you. There are many factors to reflect on when deciding on the best view for you.
First, you should decide right away if that often-coveted waterfront view is important to you and, if so, how close you want to be. If you want to be right on the shore with dock access to one of the many lakes of Muskoka, it does limit your options slightly (thankfully, the district contains nearly 1600 lakes!)
Besides the decision between waterfront or forest landscape, one should also consider the facing of the cottage as it pertains to light. If you’re an avid sun-bather or are hoping to make your cottage an eco-friendly one with solar power upgrades, you’ll want a cottage that has access to lots of light.
If you like to be woken up to the warm rays of the morning sun, you’ll want a cottage that has east-facing windows in rooms like the bedroom, kitchen, and living room.
If you’re wondering how to buy a cottage in Ontario, the best place to start is with an experienced real estate agent. There are many ways that working with a realtor is beneficial for the home buyer.
When you buy a cottage, it is like any other form of property in that it comes with legal paperwork. From deeds, transfer tax declarations, bills of sale, and any repair documentation, your agent can help keep on top of the paperwork, so all you need to do is sign on the dotted lines.
A local real estate agent is also incredibly helpful, as they are more familiar with any local bylaws (such as any restrictions to noise or activities on the lakes), as well as understand the quirks that can come with living in a Muskoka cottage. A Muskoka realtor also knows the region’s layout and can consider the perfect location for you based on your “must-haves” in a home.
Of course, one of the biggest advantages of working with a real estate agent when you buy a cottage in Muskoka is knowing that we will do our best to get you the best deal. We know behind-the-scene tips such as market trends and have access to private listings not found readily online. We are also trained in spotting red flags in prospective cottages and homes that might become costly down the line and help you work it into your purchase negotiation.
If you’re looking to buy a cottage in Muskoka, we can help. Our team of dedicated specialists knows Muskoka inside and out and can help you find the best home for the best price. Contact us today and talk with a dedicated member of our team and let us guide you on your next adventure of owning your very own Muskoka cottage.