Ran across this article that fits for many cottage owners that are facing having to reduce the time spent at the lake. When family is involved its not always cut and dried…Check it out.
Many cottages are for sale right now, and for some of these reasons. This could mean a great time to invest in your family time. Know what you are investing in and plan ahead for succession to the next generation.
Looking for tax advise on recreational investing before investing from a professional will help you avoid some of these situations. When buying cottage property, always consult a specialized REALTOR for all local information.