The Downfalls Of Cottage Ownership

It is rather difficult for me to write about the downfalls of cottage ownership considering I really don’t see any. However, for some folks the opposite it true, unfortunately, as with any kind of real estate, there can be some problems with owning a cottage.

I came across an interesting post on WalletPop about cottages. In the post the author cites a Globe And Mail statistic that says 9% of Canadians own cottages. The post lists seven downfalls to cottage ownership. I’d say in some respects it’s accurate, but some of the downfalls of cottage ownership are a little contrived, depending on your situation. Here is the article: Cottages In Canada:Seven Downfalls Of Cottage Ownership

On the subject of Cottage Ownership, here is a link to some advice to help you minimize the pratfalls of cottage ownership, particularly shared cottage ownership.

In part because of the strong personal/sentimental feelings some folks have for their cottages, problems can arise, and problems can be costly. Here is some advice about cottage ownership that seems practical: Cottage Wars by Peter Cheney, The Globe And Mail At the bottom of the article are Survival Tips, How to avoid cottage wars in your family.

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

Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home

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