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July 30th, 2020, 08:37 PM
#31

Originally Posted by
rf2
Yes, your input was helpful, thanks.
I've also considered a rental property, but that would be purely an investment, with no joy coming from it. Actually, maintaining rental properties is a PITA.
Land prices where I am looking are nowhere near what you describe. If the prices were like that, obviously I would not be considering buying.
Around here you are probably going to be stuck heading out into the valley, but I doubt that is too much of a problem.
If you are seriously looking I would go for a rip down the back roads past Lanark, lots of places are not listed, land for sale, small camps, lots near crown, etc. You would have a better chance at a reasonable price on land from someone not listing it through MLS.
We had a camp out there, used it most of the year, would have been easier if we had a sled to get in during the winter but every month from May to Dec we were in there, hunting, hanging out and driving a short trip to little trout lakes and beaches.
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July 30th, 2020 08:37 PM
# ADS
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August 11th, 2020, 09:15 PM
#32
Looks like I am going the route of a cottage that is on a small lake and walking or paddling distance to Crown land. Beautiful area only an hour and fifteen minutes from home. Let the adventures begin!
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August 12th, 2020, 07:07 AM
#33
Congrats hope it’s everything you hope for
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August 12th, 2020, 07:35 AM
#34

Originally Posted by
rf2
Looks like I am going the route of a cottage that is on a small lake and walking or paddling distance to Crown land. Beautiful area only an hour and fifteen minutes from home. Let the adventures begin!
Absolutely perfect, a property that can be used 12 months of the year and not just for a couple months around hunting.
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August 12th, 2020, 09:05 AM
#35
Excellent choice and something the whole family can use and enjoy. Memories will be made!
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August 12th, 2020, 09:35 AM
#36
Any recommendations for a good insurance companies for cottages?
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August 12th, 2020, 10:13 AM
#37
I would first start with asking the company who insures your home. Generally you get discounts for the more stuff you have insured.

Originally Posted by
rf2
Any recommendations for a good insurance companies for cottages?
"This is about unenforceable registration of weapons that violates the rights of people to own firearms."—Premier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 – March 29, 2013) OFAH Member
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August 12th, 2020, 10:43 AM
#38

Originally Posted by
greatwhite
I would first start with asking the company who insures your home. Generally you get discounts for the more stuff you have insured.
Yes, I've already got a quote from them, but they aren't specialized in cottages. I was wondering if other companies specialized in this thing might be better, plus, I haven't shopped around for insurance in a while - I don't know if I'm getting ripped off right now. Actually, I did shop around when I got my motorcycle last year, and my existing company was very competitive.
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August 12th, 2020, 11:03 AM
#39
I just use my house insurance company. Remember when purchasing, either get the WETT certification or have the owners certify it before closing. I had a bud who went through the whole process of buying a cottage, putting down a lot of money, then he couldn't get insurance dur to the old woodstove. Had to drop more to have it replaced...
PS....Congrats. its definitely a big decision getting a 2nd property....but so worth it. I'm looking at the lake right now as I type....and it's a beauty day
This isn't a test run................Enjoy er'.......
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August 12th, 2020, 11:21 AM
#40
There is no actual such thing as WETT Certification. It is a set of guidelines put out by CMHC which you can download from their site. The Insurance company and I spoke about this all it is someone signs off that it is safe. My insurance company asked me to do the measurements but I had them come out and make the measurements themselves. The instructions on your stove can also over ride the guidelines. I found the clearances in the guidelines to be little and increased them by 20%.
Had the Fire Dept out to check mine and they said it was the best installation they had seen.

Originally Posted by
LiveBates
I just use my house insurance company. Remember when purchasing, either get the WETT certification or have the owners certify it before closing. I had a bud who went through the whole process of buying a cottage, putting down a lot of money, then he couldn't get insurance dur to the old woodstove. Had to drop more to have it replaced...
PS....Congrats. its definitely a big decision getting a 2nd property....but so worth it. I'm looking at the lake right now as I type....and it's a beauty day

"This is about unenforceable registration of weapons that violates the rights of people to own firearms."—Premier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 – March 29, 2013) OFAH Member