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BUYING A VACATION PROPERTY

Although summer may look different this year than in years past as Covid-19 continues to be prevalent in our communities, one thing remains the same; we are still looking to take full advantage of all that summer brings. With more time working and playing from home, we find ourselves considering owning our own piece of paradise, maybe with a waterfront, definitely wide open spaces, lots of fresh air and let’s be honest, safely distant neighbours. It's safe to say Quinte & Prince Edward County is the place to be if you're looking to spend summers outside of the city.


And while some regions are seeing a dip in real estate listings and transactions; other regions, especially those in cottage country, are HOT!


It is easy to get caught up in the excitement and appeal of a getaway you can call all your own, so here are a few tips when considering a home away from home:


Access

Road access, water access, winter access - what would you prefer? Do you own a boat, are you considering using the property in the winter, are the roads maintained by the municipality throughout the year, all these factors should all be considered.


Distance

Will you be using this property for evenings, weekends, or full week-long vacations? Determine how much time you want to spend on the commute - if you plan on going up on evenings for a quick trip, keeping the distance from home in mind is important.


Size

Most people look for a summer home as a way to escape their day to day lives; and that means leaving the housework behind. Consider the size you need to get the most out of the experience and amenities around you; and not just cooking, cleaning and home maintenance.


Location

Waterfront, water access, waterfront community, public vs. private - the possibilities are endless with summer homes.


Connectivity

Do you plan on working while away or staying off the grid? Doing your research (or ask your Realtor to help) with respect to phone and internet capabilities which are essential in today’s work-life balance.


Finances

Insurance, property taxes, utilities, etc. All of these costs can look substantially different for a lakeside and countryside property versus an in town residential home; so be sure to speak with your mortgage advisor first.


Whether you're looking to sell your current home and relocate to cottage country permanently, looking for a new investment opportunity or just a weekend retreat with the family; this is a significant investment and decision so take a step back, make a wish list and give us a call.

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