South Georgian Bay in Ontario, Canada, is both a beautiful spot for a vacation and a wonderful place to live. For those looking to live in this gorgeous area, the real estate market is brimming with opportunities for buyers and renters with all manner of personal tastes. Luxury homes, small cottages, classic craftsmen, condos, and many other options are available for those looking to move into the area.
Whether you have very expensive tastes and want to move into a luxury home or are looking for something simple and small to enjoy your golden years in, South Georgian Bay features many different types of homes that you can purchase or rent. Let’s go through your options for moving into a home in this region.
Apartments
One of the most basic types of rentals is an apartment. Apartments are appealing options to many because they are not locked down with a large purchase, and many amenities are often included with rent, though monthly payments are not the investment that mortgage payments can be. There is also less maintenance involved with renting an apartment, and issues are typically handled by the landlord when they do come up.
Condos
Moving into a condo is a popular option for those who may not want to purchase a single- or multi-family home. It is generally cheaper than these options, and there are several benefits to living in a condo. First, many condos include amenities like pools, gyms, and increased security. They are also found in prime locations close to grocery shopping, restaurants, and other community buildings. However, there are typically HOA fees and less storage space for you to use, so a condo may not be for everyone.
Tiny Homes
Tiny homes are a growing trend, especially among the younger generations. What you lack in total space, you make up for with incredibly efficient use of a small amount of space. Tiny homes with lofts are particularly versatile, and even though it may seem impossible to live in this level of square footage, people do it all the time. You could build your own tiny house on South Georgian Bay or browse the market to see if anyone is selling one of these constructions.
Single-Family Home
One of the most numerous options for buying a home in this area is the single-family home. These more traditional living situations can be found throughout the region, and there are many advantages to buying a house that already exists. First, the cost can be much cheaper than building your own home. Second, there is a much shorter wait time since you do not have to rely on a fast construction process. Third, there are plenty of options on the market, so sellers must compete with each other to entice buyers, which makes for competitive prices. Most buyers tend to gravitate towards buying an existing home due to its affordability.
Custom Builds
Perhaps you have a larger budget and would rather design your dream house yourself. Working with a custom home builder to realize your dreams can be an incredible experience, allowing you to choose the layout, features, and other aspects of the construction yourself. The result is a perfect home that you had a hand in creating. However, it should be noted that the cost of a custom build is higher than buying a comparable house that already exists. You are paying extra for that customization. One of the main benefits, however, is that everything in your custom build will be new, so maintenance costs should not be an issue for quite a while with your electrical and structural components.
Vacation Rentals
Are you more interested in real estate investment than buying a new home to live in? South Georgian Bay is a popular tourist hotspot, so you can take advantage of the vacation market by purchasing vacation rentals. Many already exist in the area, but you could also build your own or buy a residential home and convert it into a rental. Services like Airbnb are very popular with travelers, so becoming a vacation rental mogul is well within your grasp. Make sure you do enough research about starting a vacation rental business, as there is no guarantee that you will be successful even if you have experience.
What Suits Your Living Needs in South Georgian Bay?
Whether you want to find a rental, a permanent home, or enter the world of vacation rental investing in South Georgian Bay, this area of Ontario, Canada, offers plenty of options. You could go big with a custom luxury build that lets you turn your dream home into a reality, or you could look for something simple like a tiny house or apartment rental.
The market in this region offers plenty of versatility, so buyers and renters from all walks of life can find a place to live that suits their needs.
