Happy Valentines’s Day! Should You Get a Major Improvement Done before Selling? Canada home sales where will they go next? The most affordable Canadian cities for single-income buyers

 

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There’s no doubt about it. The more “move in” ready your property is, the more attractive it will be to buyers. There is always an advantage when buyers can imagine living in the home without having to make any major repairs or improvements — at least for the short term. But, does that mean you need to get every big issue dealt with before you sell? Not necessarily. Say, for example, your flooring needs replacing soon. Sure, that may influence the interest-level some buyers have in your property. Yet, homes sell every day with these kinds of issues. What it comes down to is cost-versus-benefit. Painting, for example, costs little (compared to other types of improvements), yet can make a big difference in how your home appears. So, the benefit is high compared to the cost. On the other hand, redoing your kitchen is an expensive undertaking. Although you’re likely to add value to your home as a result of the renovation, you might not get your entire investment back when you sell. So, consider each improvement you’re thinking of making based on its cost, how much more you’ll get for your home, and how much more quickly you anticipate your property will sell.

Financial Post – Investors own a big chunk of Canada's housing market. Should we be worried? Storeys – The most affordable Canadian cities for single-income buyers Livabl – One in five Canadian homeowners is a property investor Canadian Mortgage Professional – Canada home sales – where will they go next? Canadian Mortgage Professional – Canada housing supply – how will it shape up over the next year? Bloomberg – Housing markets: How safe are homebuyers in tug-of-war between prices, rates? Business Insider – Real-estate investing in a down market: Strategies to use, how far home prices will fall, cities where prices are falling the most, which markets to invest in, and more Globe and Mail – GOLD: Half of Vancouver homeowners are mortgage-free, data shows Vancouver Sun – These areas will see the most job openings in B.C. over the next 10 years  Victoria Times Colonist – Victoria eyes referendum to kick-start Crystal Pool replacement CBC B.C. – Creditor protection sought by large Vancouver real estate developer over $700M debt     Notable, Quotable, Quotes! “You have to learn the rules of the game. Then you have to play better than anyone else.” Albert Einstein     What do you do when you have a question, and you want to find a quick answer? Chances are, you do what we all do! You Google it. There’s nothing wrong with that. However, I’m sure you’ll agree, it’s not easy to sift through all the information you get from a search to find an answer that’s accurate, up-to-date, and relevant to your situation. After all, you don’t want to end up acting on bad information. That’s where I can help. You see, when it comes to real estate, you want to make sure you get the most accurate information possible, based on the most up-to-date data that pertains to this local market. I can provide that. But, more than just solid information, I can also give you insights that make that information relevant to you. For example, I can tell you approximately how much your home would likely sell for today. So, if you need the best information, contact me. I’m happy to help. Best regards, Diana Winger Personal Real Estate Corporation | eXp Realty CNE, SRS, SRES, ABR Mortgage Agent | Dominion Lending Centres  ON YOUR TEAM! HomeVictoria.com  Housesforsale369.com Searchbestmortgages.com 250-588-8839