Affordable Cottage Buys Under $200,000

Over the past year the price of cottages has increased on average by 13% and is expected to continue on this steady incline, according to the 2007 Royal LePage Recreational Property Report. Though the price may be rising, Canadians are still willing to fork over the bucks and purchase one of these properties.

The reasons for buying a cottage vary. About 31% of Canadians buy cottages because they enjoy the outdoors, 30% because they want to escape the bustle of city life, and 29% because they want to spend quality time with family and friends, according to the report.

Today the demographic of cottage buyers ranges from singles, to newly married couples, to large families. Cottages have even peaked investor interest because they offer cash flow through rental yields.

But before rushing to your local realtor, there are certain things to consider. The most important of which is what area you'd like to purchase in. Once that question has been mulled over, you can discover what amenities you prefer, when high season and low season start in the area, and how much price appreciation you can expect. The east coast encompasses the most reasonably priced recreational properties in Canada. Nova Scotia, New Brunswick and Newfoundland have average prices of $149,700, $146,625 and $86,500, respectively, for waterfront cottages, notes the report.

The most popular areas across the nation include Nova Scotia's South Shore because of its sandy beaches. To read more about cottages in Nova Scotia, visit here:

http://www.canadianrealestatemagazine.ca/news/25672/details.aspx

Lets get started on finding your perfect summer cottage along the beautiful South Shore of NS!

Pam Pritchard 902.483.7119 www.yourNShome.com