Many of us have, at some point, dreamt of one day owning a family cottage. In the last few decades those who have yet to fulfill this dream have likely seen the opportunity of cottage ownership slip away due to what is no longer an affordable reality or a purchase price worth the financial burden or risk.
What goes up may eventually come down when interest rates rise, however, as will the cost of borrowing, and we’ll never see prices return back down the glory days when you could purchase a cottage for a few hundred thousand dollars or less. Even your average two-bedroom fixer-upper can go for $500,000 or more, unless you’re willing to travel much further north. Good investment? That’s debatable.
What other options are there to choose from, aside from fractional ownership or timeshares? Those words haunt most people’s dreams; after all, the only time you should be sharing is with your family around the campfire.
The alternative, more affordable option many people are discovering is Park Model Cottage ownership at Cherry Beach Resort in Prince Edward County, steps away from Sandbanks Provincial Park.
Brand new 2015 Park Model summer cottages at Cherry Beach Resort start at $59,900* for a two-bedroom open-concept model. The highest-priced three-bedroom model sells for $129,900*, with add-ons available. All models come with shingled roof tops, low-maintenance vinyl siding and windows, and are fully furnished throughout with appliances, window treatments, air-conditioning and choice of tasteful décor.
It only takes three to four weeks on average before a family is ready to enjoy their first day at the resort — and for many, the start of years of building great family memories, with some new friendships along the way.
As for cottage resort living, what does that mean? Let’s start with what most likely springs to mind with respect to a traditional cottage; imagine a cute little cottage nestled away in a forested area with a few neighbours, a dock, maybe a boat and a nice view of the lake.
Now how about a heated saltwater pool, multi-sports court, playground, recreational pavilion, daily Kidz Klub activities, wine-and-cheese nights for the adults, movie nights under the stars and, of course, canoeing, kayaking, fishing, boating and all the traditional amenities we all love about cottage country?
One more thing: How about a maintenance crew that will cut your grass and maintain the rest of the grounds while you’re busy shopping at the local farmers’ market and exploring all the local wineries across the island along one of the world’s longest bike trails?
Let’s face it – where are your kids going to have more fun? Where are you going to spend less time and money on upkeep and entertainment for the family? Where are you going to meet new friends, feel a little less isolated and safer? At Cherry Beach Resort.
We know what you’re thinking: What about all the running costs and hidden fees? What’s the catch? We get these questions a lot, actually. The reality is virtually all your running costs are included for less than or equal to the cost of a single-family vacation. Water, hydro, grounds-keeping, family entertainment, full use of amenities, security, an on-site management team, unlimited guest passes – it’s all included. Looking to save on half or more on your running costs? Join their rental program and you’re free to keep all your weekends if you want. Want to sell your Park Model Cottage down the road? They have you covered. Cherry Beach Resort makes it easy with their assisted sales program.
Between land taxes, maintenance and upkeep, interest payments on a hefty mortgage loan from the bank – all this excluding amenities, — purchasing a traditional cottage is certainly not for the faint of heart these days. It’s time to look at a much more affordable alternative; an option that will allow you to have your cake… and put more in your RRSPs, RESPs and TFSA account.
For more information on Park Model cottage ownership and resort-style cottage living, visit www.CherryBeachResort.com.
* Prices will be increasing as of July 1, 2015
Source: Special to National Post | June 25, 2015 9:11 AM This story was provided by Great Blue Resorts for commercial purposes. Postmedia had no involvement in the creation of this content.