Competition in the cottage market remains very high, often pushing buyers to compromise more than they would like and giving them little time to educate themselves on the property and surrounding community. It is easy to get caught up in the excitement of a purchase and this often leads to buyers downplaying their must-haves or overlooking them altogether.
According to a panel of more than 275 Royal LePage recreational property experts from across Canada, the most overlooked important priority is cell phone reception and internet speed (33.1%), followed by understanding that owning a cottage on the water does not always mean owning the waterfront (15.7%) and knowing which water source is used in the area such as lake water or well water (12.9%).
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