Category Archives for "Cottage Properties"

Norfolk Property ? Not All Norfolk Country Cottages

By Andrew John Cocks | Cottage Properties

Norfolk Property ? Not All Norfolk Country Cottages

Norfolk, though justly famous for its lovely country cottages, is not all about the thatched roof and white washed wall. No – in addition to Norfolk country cottages, Norfolk property spans a wide and varied menu of building types and property locations: fens, moor land, country village, old farm. Whatever kind of country house and garden one can imagine, one can find it in Norfolk.

 

It’s little wonder, then, that certain Norfolk estate agents have done so well. Any agency clever enough to spread itself out over the gamut of Norfolk properties is able to appeal to a wide variety of customers: and to retain the loyalty of the locals by ensuring that new comers to the county are spread out in a sustainable way, rather than taking over whole villages in one mass migration.

 

Sustainability is a big word at the moment – and the variety of Norfolk properties, including of course the famous Norfolk country cottages, makes the county a unique location for countryside emigration.

Unlike any other county in Britain, Norfolk has access to pretty much every type of bucolic landscape and life style – including seaside living; farmhouse living; river side living; old cottage dwelling; moor and flatland living; and even occupying old mills, oat houses and post offices. What that means is that richer incomers, who often destroy whole swaths of countryside by taking them over and forcing the locals out through raised prices and unsustainable property costs, can come into the county without fear of swamping any area into oblivion.

 

Agents like Sowerbys, which has made itself popular with locals and newcomers alike, are able to portion out Norfolk properties and Norfolk country cottages on a responsibly sustainable footing – allowing new money to come into the area without causing such a sudden upset in the balance of things that everything falls apart. A little injection of money in any country county is always welcome, after all: it’s only when that money floods all the existing jobs and property out of an area that it becomes a problem. Norfolk, with its wide selection of dream locations and proximity to London, is (thanks to the careful ministrations of agents like Sowerbys) rapidly becoming a kind of model county – and example of the ways in which the moneyed incomer and the local can exist harmoniously.

 

So what kind of Norfolk property is being offered? In addition to traditional Norfolk country cottages (some of which are big enough to house an army), agents like Sowerbys are offering genuine conversions of farm houses, barns, stables, wind mills and grain stores. There are also more modern town house style dwellings – brick built, double glazed country mansions set within easy reach of train stations or main roads. The more adventurous migrant can settle on the broads, away from the attentions of too many passersby – or occupy an old oast house whose squat bellied form has been turned into desirable dwellings.

 

Norfolk properties, those famous Norfolk country cottages included, are a rare thing indeed – a proper marriage of beauty, style and sustainability. From one of the country’s most varied and affluent counties, one supposes it’s hardly surprising, Surprising or no, it is very welcome.

Norfolk properties, including the famous Norfolk country cottages, are varied and widespread enough to sustain incoming populations. For more information please visit http://www.sowerbys.com/.

Investment Prospects of Cottage Properties – Can They Make the Grade

By Andrew John Cocks | Cottage Properties

Investment Prospects of Cottage Properties – Can They Make the Grade

Article by Canadian Home Find

Under what circumstances can you be able to make a good investment out of your purchase of an idyllic and luxurious cottage property? In most instances, buying a cottage property is more of an emotional purchase than anything else. If you think that it is a sound investment, then think again.

Purchase of recreational properties such as cottages is a lifestyle choice, and it will not necessarily result to a fatter bank account. In most cases, seasoned investors don’t look at recreational properties as an investment option for they are not. Instead, the purchase of this type of properties is primarily motivated by their intention to provide their family with great holiday option. It is also their option when looking for a peaceful place for them to retire.

If you love the lifestyle, then you will surely be making a wise decision when you buy a cottage property. However, you have to perform some serious assessment of your financial portfolio since this decision cannot be considered as an investment move.

An Expensive Proposition

When you decide to buy your dream cottage, it is essential that you take into account the additional expense items such as applicable taxes, maintenance and upkeep, second mortgage, etc. All these expense items will impact on your finances for a property that you will use for a few times each year.

On the heels of a recovering economy, sales performance of the recreational property segment has stayed in negative territory. In recent market report, average price of high-end luxury and recreational properties was pegged within the range of $ 370,000 and $ 600,000.

Despite the high average price of this property segment, seasoned investors don’t consider them as a good investment option. Cottages are, in most instances, bad investment ventures since they exist in a market which experts consider as illiquid. This means that you may have a hard time unloading this type of properties since there are just a few buyers in this market segment. You may have to accept significant decrease in your financial profile if you decide to sell the property below the principal amount.

A major part of the value of recreational property is attributed to its location. A cottage that is located within a few hours’ drive from the city center and perched near a lake is likely to fetch a better price. This means that you have better chances in selling this type of recreational property. If you own a cottage property that has a full line of amenities, then you can make a good sales pitch if you focus on baby boomers that are looking for a great retirement home.

Cottage is an Expensive Property Ownership

You must have to contend with high ongoing cost if you allow yourself to be charmed by romantic images of sunsets and hammocks that go with owning a recreational property. You have to account for additional insurance, property taxes, maintenance cost, etc. Most lenders are reluctant to approve mortgage applications for recreational properties, and if you are to get an approval, the package may not be that great. Insurance companies may not be inclined to grant coverage to a recreational property that remains empty for the most part of the year.

In order to cover some of the cost, you may consider renting out your cottage property. However, this option brings with it additional responsibilities. You have to spend time and resources to advertise the property. You must also perform the necessary screening process of your prospective tenants. Finally, you must spend significant time in cleaning and maintaining the property.

Article by canadianhomefind.com Canada’s most effective For Sale By Owner service. Click for more information on: For Sale By Owner how-to Most Effective FSBO Programs Browse FSBO Listings

Article by canadianhomefind.com Canada’s most effective For Sale By Owner service. Click for more information on: For Sale By Owner how-to Most Effective FSBO Programs Browse FSBO Listings










What you can expect from a Northumbrian Cottage holiday. To book your holiday cottage just visit www.northumbrian-cottages.info/
Video Rating: 5 / 5