Buy­ing property

Calgary Herald New Condos - - New Condos -

Types of re­cre­ation prop­er­ties avail­able in Canada: Apart­ment-style suites; Town­homes; Chalets; Recre­ational ve­hi­cle (RV) lots;

Frac­tional-own­er­ship ho­tel/ re­sort-style prop­er­ties; Is­lands; Acreages; Cab­ins; Wa­ter­front prop­er­ties. Things to con­sider when choos­ing a re­cre­ation property:

What do you plan to use it for? Will 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.

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