Ontario CareFree Cottaging | Cottaging Advantages | Cottaging Costs | Compare Costs

Cost Comparison of Carefree Cottaging

When deciding to invest your money in cottage property it is important to consider many things. The following chart attempts to put into perspective the relative costs of Carefree Cottaging option, to the cost of purchase of a cottage or fractional ownership of 1/10th of a property. Aside from the actual capital investment we believe Carefree Cottaging has a number of advantages that are important for you to consider.

Time You Spend at the Cottage

Take a careful look and you’ll see what we mean! Come on up and try it out for a weekend and we’ll credit the money you spend to your future Carefree Cottaging purchase.

Examples of Costs

Cottage Option

Costs

Considerations

Cottage Ownership-

based on $500,000 purchase price of a basic 4 season cottage in Haliburton Ontario.

	Annual cost of capital (interest only @7%):$35,000.
	Maintenance & Repairs: $2,000.
	Insurance: $750.
	Taxes: $3,500.
	eat / light / water: $2,000.
	Up-keep -- plowing, lawnmowing, firewood, security: $2,000.

Total Annual Cost: $45,250

	Capital is tied up and may take considerable time to free up if a sale is required
	Do not have easy access to sports and health facilities
	Need to worry about security and frozen pipes when not there
	Have ongoing worries with respect to repairs and maintenance
	Often need to work while at the cottage in order to keep it in shape or upgrade to your desired state

Fractional Ownership --
based on the typical 5 week per year fractional arrangement -- one week in each season and one floater week

	Annual cost of capital (interest only @7%) $5,500.
	Common annual fees: $2100.


Total Annual Cost: $7,530.

	Capital is tied up and may take considerable time to free up if a sale is required
	Do not have easy access to sports and health facilities
	You are tied in to dates determined by the fractional ownership corporation (often by lottery)
	if you cannot take 5 weeks vacation you forfeit days you cannot take

Carefree Cottaging

	The cost of a cottage at Willow Beach starts at less than the price of any lot on Lake Kashagawigmog.
	Plus, at this time the monthly maintenance fee including insurance and taxes will be $300

	You own it.

Savings

	vs. regular cottage ownership $100,000 or more!
	vs fractional -- $3,200 or more if you select all off-season weeks!

	In addition to freeing up your capital -- the savings in annual expenses would easily pay for a vacation down south!