They say a home is more than just a house, but a house can be way more than a home. Investment properties are more popular now than ever before.
Understand how a Sales Representative from Sea & Ski Realty can help inform you while making this life-changing decision.
Avoid a Fixer-Upper for your First Investment Property
Buying a Fixer-Upper can be an exciting and creative solution to entering into the real estate market. Homes needing some TLC might be more cost-effective and can give you the opportunity to make the space perfect for you. However, if you want a quick and painless investment opportunity, try to avoid the fixer-upper this time. Click here to learn more about navigating fixer-uppers.
Choose the Neighbourhood Wisely
What is the percentage of employment in that neighbourhood? Is it a quiet neighbourhood? How many vacant properties are there in the area already? Is it located close to highly sought-after amenities like a ski club, a downtown core, or near a school? All of these are questions you might want to consider before choosing the perfect neighbourhood or town to buy your investment home in.
Familiarize yourself with your legal obligations as a landlord
It is important to familiarize yourself with the legal obligations you would hold as a landlord, particularly in these uncertain times. For more information about your duties, click here.
Think Long- Term
Remember: real estate valuations rise over the long term. Stick with it and you’ll find that any early turmoil melts away.
Understand local municipality regulations
The team at Sea & Ski has lived in Grey County for most of- if not all of their lives. They know the ins and outs of the municipality from years of experience and can guide you when it comes to purchasing the best investment properties. Did you know that between municipalities Short Term Accommodation Regulations differ? Talk to a Sales Representative today for more information!
The complicated web of tax laws can seem daunting but in some cases, they can save you a lot of money! For example, in the municipality of Grey Highlands, some properties might fall under the Conservation Land Tax Incentive Program. This program ensures that portions of your property that have eligible natural heritage features may qualify for a 100% property tax exemption!
Building and Fire Code
Grey County is lucky to call parts of the beautiful Niagara Escarpment, home. While we are fortunate to be able to experience all of the beauty it has to offer, we also have very strict zoning by-laws that we need to respect. Some by-laws can be difficult to understand and that’s where the Sea & Ski Team comes in! Contact us here for more information!
Breaking into the Real Estate Investment world can be scary for a number of reasons, but walking alone through the journey shouldn’t be one of them. We are here to help and guide you throughout this life-enhancing opportunity.
Thank you for trusting us!
Sea & Ski Buyer’s Guide
The residential rental market is now the fastest-growing segment of the housing market. In Canada, rental units now account for nearly one-third of the country’s homes, with particular demand for multi-family units, including apartments and condominiums.1 At the same...
If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment. With so...
Imagine moving to a town that has something you really want, like a nearby golf course in Markdale, more wooded areas and walking trails in Eugenia, or a faster commute to work. How would that impact your lifestyle? Chances are, it would have a big impact! In fact,...