READINGROOM: The Cottage Ownership Guide: How to Buy, Sell, Rent, Share, Hand Down & Retire to Your Waterfront Getaway

Physician's Money Digest, July 2006, Volume 13, Issue 7

The Cottage Ownership Guide

While the housing market is cooling, one seemingconstant—waterfront property—is stillas hot as the sand that surrounds it. Andwhat hard-working physician can't picture themselveskicking back in a quaint seaside cottage? (FireflyBooks Ltd; 2006) contains 13 comprehensive sections that cover just about everythinga physician should think about when buying their first or their fifth cottage.

The Cottage Ownership Guide

"Owning a cottage is—and should be—an affair of the heart," author DouglasHunter writes. "But when we've fallen in love, sometimes we give clear thinking andlogical planning a backseat." helps you ask the rightquestions as you begin the purchasing process.

The Guide

While the tips and advice in this guide are simple enough for a first-time buyerto understand, Hunter brings up questions and issues that even a veteran cottageowner should mull over. covers any path you choose to take whenincorporating vacation property within your other personal assets—from findingand financing it, to selling or renting it, to handing the property down to the nextgeneration. Careful consideration and planning can avoid major potentialheadaches. While the book is meant to be consulted as topics arise rather thanread cover to cover, it is, nonetheless, a delight to read; it is conversational, practical,and written with a sense of humor.