Buying Your First Summer Vacation Property - Be Practical

By: Syd Z. Nohcud

Buying your first vacation property – be it a family summer vacation camp or perhaps a more elaborate upscale lakeside chalet or condo is a dream that often comes to light during weekend or summertime visits to friends or family who are so equipped. Spring and summertime is such a short season that a getaway retreat – that is far away from it all – and provides solace away from the demands of the city, the office and the business is more than desirable – from a multitude of standpoints – be fishing waterskiing or hunting spot, recreation, a family gathering and outing place – or just plain fun and relaxation.

However from both a financial and property owner’s perspectives if you are planning on taking that big plunge to research, purchase and invest in a summer or second property there are a number of both practical and logistical considerations to delve into.

First of all as with any real estate the key words are location, location and location. It is basic and more than important to do your research on defining the geographic areas on where both your ideal and practical location of your summer cottage or property may be. You may love the Whiteshell , but find after several jaunts that the 1 ½ hour jaunt out of Winnipeg seems a lot longer after repeat trips and end of the weekend summertime traffic jams on the highways – all with other working spouses on their way back for the Monday start of the work week. It may seem fine once or twice; it may even seem fine for an occasional early morning drive in to work. However in your case a closer, yet less scenic cottage setting – say at Gimli or Winnipeg Beach. Also take into account if you have recently moved your regular home as well. What was now a short jaunt to the lake of 40 minutes from the perimeter may now have added to it an hour jaunt across the city as well? Be realistic with the location of your cottage. Ordinary practicality is the key – not only to you but also for the family. On the other side of the fence if your employment is as a teacher – and you or your spouse have the summer months off then a cottage at Lake of the Woods – may be very practical. On top of that the long distance may increase your solitude and keep unwanted guests away. It’s not a short or easy jaunt to their cottage after all. Especially now when people add in gas prices for the highway trip to the equation of their costs of a day at the lake.

It can be said in summary that a summer vacation cottage, camp or year round vacation property can be great. It can be a most relaxing haven away from home in the city, the city with all its hustle and bustle as well as the office and its pressures. Cottages are often for family. Often children have their best memories, in retrospect of the fun times spent with their friends and family at the lake during summer vacations. A vacation property is a big investment now and for the future not only in a financial sense but also for peace of mind and the time and recreation that the family can share together. Take the time to evaluate your summer vacation cottage property or year round second property fully and with practical measures in mind. Its well worth the time spent. After a vacation property is a real estate purchase.

Buying your first vacation property – be it a family summer vacation camp or perhaps a more elaborate upscale lakeside chalet or condo is a dream that often comes to light during weekend or summertime visits to friends or family who are so equipped. Spring and summertime is such a short season that a getaway retreat – that is far away from it all – and provides solace away from the demands of the city, the office and the business is more than desirable – from a multitude of standpoints – be fishing waterskiing or hunting spot, recreation, a family gathering and outing place – or just plain fun and relaxation.

However from both a financial and property owner’s perspectives if you are planning on taking that big plunge to research, purchase and invest in a summer or second property there are a number of both practical and logistical considerations to delve into.

First of all as with any real estate the key words are location, location and location. It is basic and more than important to do your research on defining the geographic areas on where both your ideal and practical location of your summer cottage or property may be. You may love the Whiteshell , but find after several jaunts that the 1 ½ hour jaunt out of Winnipeg seems a lot longer after repeat trips and end of the weekend summertime traffic jams on the highways – all with other working spouses on their way back for the Monday start of the work week. It may seem fine once or twice; it may even seem fine for an occasional early morning drive in to work. However in your case a closer, yet less scenic cottage setting – say at Gimli or Winnipeg Beach. Also take into account if you have recently moved your regular home as well. What was now a short jaunt to the lake of 40 minutes from the perimeter may now have added to it an hour jaunt across the city as well? Be realistic with the location of your cottage. Ordinary practicality is the key – not only to you but also for the family. On the other side of the fence if your employment is as a teacher – and you or your spouse have the summer months off then a cottage at Lake of the Woods – may be very practical. On top of that the long distance may increase your solitude and keep unwanted guests away. It’s not a short or easy jaunt to their cottage after all. Especially now when people add in gas prices for the highway trip to the equation of their costs of a day at the lake.

It can be said in summary that a summer vacation cottage, camp or year round vacation property can be great. It can be a most relaxing haven away from home in the city, the city with all its hustle and bustle as well as the office and its pressures. Cottages are often for family. Often children have their best memories, in retrospect of the fun times spent with their friends and family at the lake during summer vacations. A vacation property is a big investment now and for the future not only in a financial sense but also for peace of mind and the time and recreation that the family can share together. Take the time to evaluate your summer vacation cottage property or year round second property fully and with practical measures in mind. Its well worth the time spent. After a vacation property is a real estate purchase.

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