Agent

Vacation cottages can be challenging to buy, own

New book tackles location, tax, disclosure issues

Just in time for the peak summer season for buying and selling vacation cottages, Douglas Hunter wrote the ultra-complete "The Cottage Ownership Guide." When I first spotted this well-designed book in a major bookstore, I thought perhaps it was about architectural styles of small homes. Wrong. Instead, it explains virtually every aspect of buying, owning and selling summer waterfront cottages. Never having owned a summer home, but having enjoyed many visits to cottages owned by friends and relatives, until studying this book I didn't realize all the possible pitfalls buyers can encounter unless they understand the major considerations of buying a summer home. Equally important, sellers of vacation cottages can learn from this book what smart buyers will demand before purchase. Purchase Bob Bruss reports online. Although the book primarily takes the viewpoint of prospective cottage buyers, heavy emphasis is placed on the income-tax aspects for both buyers and sellers. The book begins wi...