Plan ahead before buying
Some advice for owners of recreation properties, as well as for people considering making a purchase: it be strictly for recreation? Are you investing for eventual return on investment, or as a deferred retirement residence?
How often do you plan to use the property? Is it located close enough that you can visit regularly (on weekends) or is it farther away?
What do you want to do with the property when you aren’t occupying it? Are you interested in rental pools, fractional ownership, or both?
Research the locations you wish to consider, and consult with realtors and others who are familiar with the area. Be aware of any zoning or legislation that might have an impact on your goals and budget.
Make a list of your most important questions and take it with you when visiting properties.