Plan Ahead and Avoid Surprises
Owning a cottage is exciting, but there are hidden costs many buyers don’t consider. Smart planning now saves you big headaches later.
Annual Property Taxes
Cottage properties often come with higher property taxes, especially in popular or waterfront areas.
🌿 Check municipal tax rates before buying
🌿 Expect increases if waterfront values rise
🌿 Budget for seasonal property tax assessments
Insurance Premiums
Insuring a cottage can cost more than a typical home, especially if it’s seasonal or remote.
🛡️ Get multiple quotes for seasonal insurance
🛡️ Check if wildfire or flood coverage is needed
🛡️ Ask about vacancy clauses in your policy
Septic System Maintenance
Most cottages aren’t hooked up to city sewer systems. Regular septic inspections and maintenance are critical.
💧 Schedule septic inspections every 3-5 years
💧 Pump the tank regularly to avoid costly backups
💧 Budget for future septic system replacement
Winterization Costs
If you’re not using the cottage year-round, you’ll need to winterize it properly to prevent damage.
❄️ Drain pipes and shut off the water system
❄️ Protect roofs, decks, and exterior surfaces
❄️ Consider hiring a property manager to check in
Unexpected Repairs
Cottages face tougher weather conditions than city homes, leading to more frequent repairs.
🔧 Roof replacements and dock repairs
🔧 Tree removal after storms
🔧 Pest control for remote properties
Final Thoughts
By budgeting for these hidden costs ahead of time, you can enjoy your cottage investment without unwanted financial stress.