Buying real estate in Mont-Tremblant: some tips

You’ve made the decision! You want to buy a second residence in Mont-Tremblant. Here are a few tips that will help make the experience a pleasant one.

Tip #1 – Define your needs

Your needs are: your personal requirements + your anticipated use + your budget. And…a deal is not a need. Besides, that subject will require a its own full column.

Personal requirements
You require a newly built, five-bedroom property at the base of the slopes on the lakefront with a hot tub and garage for $200,000?

Be realistic, and take the time to define your ideal secondary property. Learn to differentiate the things you absolutely require from those that are optional. Make sure the description is shared by all family members, particularly your spouse, because the children…well, they get to choose when they pay for it, right?

Don’t forget to think long-term, at least five to 10 years, because selling and buying real estate is fairly costly. (We’ll get back to that in a future column entitled “Knowing the costs and steps of acquisition”.)

Projected use

Do you want peace and quiet or to offer “Airbnb”? Do you need revenue while you spend the winter in Florida? Will you be using the property mainly on weekends, for retirement, winters, summers or both? Carefully defining your anticipated use will ensure that you find yourself in the right place, and in particular, that your use of the property is legal.

Budget
The big question. How much do you want to invest in your Mont-Tremblant project? Your real estate agent needs this information to do their work properly. If you’re not comfortable telling the agent this information, change agents! You haven’t yet found your ally.

Next tip: “Finding a good agent, an ally who represents YOU.” Read it in the next issue!