In­stalling light timers can help with se­cu­rity

Calgary Herald New Condos - - Recreation & Investment Properties -

Some ad­vice for own­ers or po­ten­tial buy­ers of recre­ation prop­er­ties:

Se­cu­rity

Many of the same tips that ap­ply to home and prop­erty se­cu­rity in the city also ap­ply to recre­ation prop­er­ties in the coun­try.

In­stall timers to turn lights and ra­dios or TVs on and off.

Ask a neigh­bour (or the prop­erty’s pri­vate se­cu­rity, if ap­pli­ca­ble) to check in on the site oc­ca­sion­ally, as well as mow the grass or shovel the walk.

Re­in­force win­dows with metal grates, and in­stall sturdy doors.

Turn off wa­ter and elec­tric­ity be­fore leav­ing a prop­erty for an ex­tended pe­riod.

Don’t leave valu­ables in an unat­tended prop­erty. Also avoid leav­ing items such as liquor, hunt­ing ri­fles and ex­pen­sive equip­ment be­hind.

If pos­si­ble, in­stall an alarm sys­tem that is ei­ther mon­i­tored or pro­grammed to no­tify you if a break-in or other emer­gency.

Con­sider join­ing — or start­ing — a crime preven­tion pro­gram such as Ru­ral Crime Watch.

Clearly la­bel any pos­ses­sions left on the prop­erty with non­re­mov­able stick­ers.

In­form lo­cal po­lice or RCMP when the prop­erty will be unat­tended, and pe­ri­od­i­cally con­tact them to find out if there have been any se­cu­rity is­sues near your prop­erty.

Bud­get­ing

Some tips for mak­ing sure buy­ing a recre­ation prop­erty doesn’t leave you with un­ex­pected sticker shock:

Be aware of clos­ing costs, such as lawyer fees and home in­spec­tion fees.

An ac­coun­tant can help you nav­i­gate the tax­a­tion im­pli­ca­tions, both in terms of what taxes you have to pay up front, whether any taxes like GST can be de­ferred, what taxes are ap­pli­ca­ble if you rent out a prop­erty, and if any re­bates/write­offs are avail­able.

Lo­ca­tion and ameni­ties play a role in de­ter­min­ing on­go­ing costs, such as condo/strata fees.

Con­tact lo­cal real­tors, mort­gage bro­kers, etc. to find out if an area has unique taxes or other fees that need to be fac­tored into the pur­chase of the prop­erty.

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