Buying a home is an exciting venture, but it's also a decision that requires careful consideration. Before starting it’s vital to be well-prepared, so here are 10 tips to guide you through the home buying process, ensuring that you make informed choices and find the perfect place to call your own.
Thinking of buying a home with a suite and renting it out? This can be a great idea to not only offset the cost of home expenses but can also potentially help with qualifying for a mortgage. However, it's essential to understand the intricacies and responsibilities that come with a suite. Here are some considerations, from financial implications to legal responsibility to being a landlord.
First impressions count, especially if you are looking to sell your home. We know buyers are guided by emotions, and so much of this can be influenced by what they see before they’ve even stepped foot in your property. Because the exterior of your property is the first thing anyone will notice about your home, it’s important to take the time to showcase your property in the best light!
But curb appeal isn’t just about selling your property — it’s a long term investment that can make a property a more enjoyable place to live, as well as raising the value and appeal of your neighbourhood. It can also often be an inexpensive and relatively simple cosmetic makeover that still has a marked effect on the look and feel of a property, ensuring you create a meaningful and lasting first impression on visitors and prospective buyers.
For homeowners there are an array of costs and fees that go beyond the initial cost of purchase, including maintenance, repair, and renovation. But in this post, we’re going to focus on the administrative costs of the various federal, provincial, and municipal taxes you will need to be aware of.
This is especially true for first time buyers who may not know what even needs to be considered, and having a handle on the closing costs and taxes, as well as future fees, will help you make an informed and knowledgeable decision about your future. To help you out, here is an overview of the relevant taxes prospective BC homeowners should be aware of.
When it comes to buying a home you want to leave no stone unturned—after all, this is the biggest and most important purchase you’ll be making, and there should be no doubt left in your mind that you’ve found the right home for you.
This is where a home inspection comes into play. A pre-purchase inspection provides you with the opportunity to uncover details that won’t be apparent to the untrained eye, giving you insight into the future viability and structural soundness of the property, and bringing to light any potential problems or red flags. This not only gives you leverage when negotiating, but it can also help you make your final decision.
Here are some of the reasons why home inspections are an important part of the home buying process, as well as how you should approach a home inspection as a part of your home buying journey.
Being able to provide knowledgeable and effective real estate advice to our clients is a key part of the service we provide, and in order to do that, we need to have an understanding of a wide variety of factors, including market trends and outlooks for the region.
However, it’s not just professionals that can benefit from that knowledge. For homeowners and prospective buyers, knowing what’s happening can help you make informed choices, and guide your decision making process.
With that in mind, here’s why buying and selling at the right time is so important, and what the market conditions in Victoria are telling us about whether now is the right time for you to make your move.
When it comes to figuring out your next move, location will undoubtedly be at the top of your criteria. This doesn’t just mean the neighbourhood you choose, but the area as a whole that you want to live in as well.
And there can be few cities that can match Victoria in terms of scenery, culture, amenities, and quality of life. If you’re on the fence about moving, don’t worry — here’s our mini guide to what you need to know about living in Victoria, and advice for what to keep in mind when making your move to this fantastic city.
Selling your property and getting the best return possible is all about appealing to prospective buyers. And a big part of that appeal comes from how you present your home; it’s about showcasing its potential and qualities in the best light possible, ensuring you make the right impression.
This is where staging comes in. Professional staging will usually involve arranging furniture, decorations, and other design elements in a way that is designed to appeal to prospective buyers. Professional staging is an expense, albeit one that will often pay off in terms of increasing the sale value of your home.
However depending on the budget, and your aims and expectations, it may be beneficial to either go the professional route, or to take a more hands on DIY approach. But no matter how you go about it, there are a wide range of benefits when it comes to staging your home for sale, which we’re going to take a look at now.
Pricing your home to sell is an essential part of budgeting and planning for your next move, and there are several factors that go into the final number. For homeowners it can sometimes be a little difficult to parse the number they’re offered by appraisers and real estate experts, but with a little research and understanding, you can have a better idea of what the market value range for your home truly is.
Something that’s unique to BC homeowners is the BC assessment, which provides an estimated value for your home. In this blog we are going to to explain a little more about that, and its limitations, as well as providing you with advice on how to understand the true market value for your home, and what to do afterwards should you receive multiple offers.
One of the trickiest propositions for anyone selling their home is that of deciding exactly how much work, if any, they should put into renovating the property before selling. Renovations are often costly, both in terms of time and money, and therefore there is a definite risk/reward element to any considerations.
On top of this, even minor cosmetic changes need to be thought of with the broadest audience in mind, something that’s a much more fraught process than just accounting for your own individual taste!
Luckily, you don’t have to make that decision alone, we’re here to lend you our expert opinion with this guide on whether or not you should be renovating your property before selling, and which renovations would better serve your interests.