Questions You Need to Ask Yourself About Recreational Property

OK.  So, you have decided to at least consider owning your own little piece of heaven and buy a recreational property.  The question is............which one?  Well, before you can even begin to answer that question, there are many others you need to ask (and answer) yourself first.  Here is a short list of things you need to consider.

 

  1. What distance are you willing to travel?  Some people buy a property in BC and then almost never use it because of the time involved.  If it takes 3 to 8 hours to get there and another 3 to 8 hours to get home, it tends to be a lot harder to make full use of the property.  Perhaps a property with a 2 hour or less drive is more practical.
  2. Will it be used all year long?  In other words, does it need to be "deep serviced" with water, sewer and power for 12 months of the year or is 3 seasons adequate?  If 3 seasons is enough, you may be able to spend a little less but that might limit your future potential as well.
  3. What are you going to do with this property?  Is it going to be used to park an RV or will you build a cottage?  One advantage of having an RV lot is you are still able to travel other destinations as well.  The flip side is you are limited in size.  You can build a much bigger "cottage" than you can pull.
  4. One obvious question is your budget?  Not only what is the purchase cost, but what are the ongoing costs?  Even an RV spot will likely have taxes and maintenance costs associated with it.  While the costs are likely a little higher for a cottage, the benefits are greater as well.
  5. What type of activities are you looking for?  You can buy a piece of land or acreage somewhere and have something very private and peaceful, but you might find that limiting after a while.  A resort development with activities such as golf, swimming, boating, tennis and more may be more attractive in the long run as it will give you many options, things to do and friend to do them with.

 

 

Well, those are just a few questions you should ask yourself.  Once you have some of those answered, you will have a better idea of what you are looking for, and where to find it.  Next week, I will discuss some of the options around Alberta and within a reasonable drive of Calgary.  Until then, stay safe and try to answer a few of those questions.

 


 



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