Buying Your First Muskoka Cottage

zeleznik 003So you think you are ready to buy your first cottage! As a Muskoka Realtor I am here to help you navigate through the process smoothly, so you can begin to enjoy cottage life.

The starting point for this adventure is to sit with your family and determine what it is you are really looking for. The considerations are many, from the size of the building and the lake, to the type of access you will want.

You have probably spent time in a cottage, either rented, or with friends or family. Think about the very best of those experiences. You may be surprised to find that the favorite memories of your cottage experiences centre on things you had not thought you wanted or needed.

Some of the most important considerations are:

  • Distance from your home – A long drive after work on Friday afternoon may not seem like a big deal now but it needs to be factored into the decision making process. It will affect the amount of time you spend at your cottage. Will you continue to love and enjoy your property if the drive to Muskoka becomes a trial with jobs and children?
  •  Size of cottage – is the size of your family established or will there be children in your future? Do you want to be able to rent it and if so, what is the best number of bedrooms for a rental?
  • Size of the lake or river – often buyers want to be on a large lake and are willing to pay a premium for it. However, in reality they do not have a large boat and never utilize all of the lake. A smaller lake or substantial river is often quieter and for most families will be more than sufficient. And they usually come with smaller price tags!
  • Accessibility – Do you plan to use the cottage in the winter? Are you prepared to pay private road fees, if any? Would water access work for you?
  • Stunning view or level to the water? – Remember that Muskoka is famous for its rugged beauty so there are far more lots with some elevation than there are level ones.
  • Privacy – Everyone wants privacy so it is a feature that will increase the cost. How private do you need it to be? Great memories at the cottage often include activities with other cottagers!
  • Services – To some, the cottage experience is a rustic, 1 bathroom, lake water no dishwasher cabin. To others, the cottage is a place of relaxed luxury, with en suite bathrooms, 5 appliances, a drilled well and high speed internet? Muskoka has it all; you just need to know what you want.

In general, you can expect properties on larger lakes to be more expensive than those on smaller ones. Properties that have level to moderately sloped lots tend to have a higher asking price than those on steeper lots. A western or southern exposure will have a higher price tag also!

It is worth remembering that the building itself, is of secondary importance. Buildings can be repaired, renovated, and rebuilt over time. In many cases, the building represents only a small part of the property's value. So choosing the right lot and waterfront is of primary importance.

Finding the perfect cottage is a highly personal adventure, everyone has their own dream. I can help you to determine your wants and needs, and select appropriate properties for you to view. Rest assured you will know the right cottage when you see it. I would love to help you make your cottage dream come true! Call now to get started.