Cottages are on the rise in Ontario. Purchasing a cottage brings families much joy but there are many issues that people must be aware of. Purchasers must take caution and ensure that there is an up to date survey as it can reveal important information such as the location structures, dimensions of the lot, easements, encroachments, adjoining properties as well as water boundaries. It is important to make inquiries if there is access to the cottage, road ways as well as water ways. Most cottages use and functionality depend on its access. Many purchasers are unaware that if the cottage is blocked in any form, the cottage may have little or no use to the owner. Road way access can either be by way of a municipal road or by a private road. Access is extremely important and every owner would want this to be confirmed and guaranteed. Another factor to inquire about is the water source and wells. It is important to have tests completed to ensure it is safe to consume. Finally, purchasers should be cautious about any by-laws and any zoning in placed on the cottage and any restrictions such as building a deck. Cottages are similar to primary residents but with different factors to be cautious about before buying. It is important buyers are aware and make the necessary inquires.
Source: http://www.thestar.com/business/personal_finance/2013/04/19/as_cottage_lakes_recede_who_owns_the_extra_beach.html
