Friday, August 25, 2023

🤔 25th Aug 2023 - The Daily GTA Real Estate Roundup

Friday 25th August 2023
Toronto Real Estate Fixer Upper - Myths & Facts!

The Daily GTA
Real Estate Roundup!

"Navigate the real estate market with confidence using our reports and hot Listings!"

Welcome to "The Daily GTA Real Estate Roundup!" Our daily newsletter is your comprehensive roundup of the latest news, trends, and insights in the Greater Toronto Area real estate market. We understand the importance of staying informed, so our roundup delivers a curated selection of the most relevant and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our content covers a wide range of topics, including market updates, new listings, investment opportunities, and expert opinions. Get a holistic view of the GTA real estate scene and make informed decisions with our daily roundup. Subscribe now to "The Daily GTA Real Estate Roundup" and stay ahead in the dynamic and ever-evolving GTA real estate market.

When buying a fixer-upper property, renovations and repairs are often needed to bring the property up to your desired standards and increase its value. The specific renovations required will depend on the property's condition and your goals, but here are common areas that might need attention:

  1. Structural Repairs: Addressing any structural issues is a top priority. This includes fixing foundation problems, roof repairs, and addressing issues with walls, floors, and ceilings.

  2. Electrical and Plumbing: Updating outdated electrical and plumbing systems is essential for safety and functionality. This might involve rewiring, replacing pipes, and upgrading fixtures.

  3. HVAC System: Repairing or replacing heating, ventilation, and air conditioning systems ensures comfortable living conditions.

  4. Windows and Doors: Upgrading windows and doors can improve energy efficiency, enhance security, and enhance the property's curb appeal.

  5. Kitchen Renovation: Kitchens are often a focal point. Upgrades might involve replacing cabinets, countertops, appliances, and adding modern fixtures.

  6. Bathroom Renovation: Bathroom renovations can include updating fixtures, tiling, and addressing any plumbing issues.

  7. Flooring: Refinishing or replacing flooring can transform the look of a property. Options include hardwood, laminate, tile, or carpet.

  8. Painting and Wallpaper Removal: Fresh paint can make a big difference. If there's wallpaper, removal and repainting might be necessary.

  9. Exterior Improvements: Enhance curb appeal with landscaping, exterior painting, siding repairs, and porch or deck updates.

  10. Insulation and Energy Efficiency: Improving insulation and energy efficiency can save on utility bills and make the property more appealing to buyers.

  11. Cosmetic Updates: These might include repainting walls, adding new light fixtures, and updating hardware.

  12. Basement or Attic Finishing: Converting these areas into usable living space can add significant value.

  13. Waterproofing: Addressing water issues in basements and crawl spaces is crucial to prevent future problems.

  14. Mold and Pest Remediation: If there's mold or pest infestation, addressing these issues is a priority for health and safety.

  15. Accessibility Improvements: Consider making the property more accessible by adding ramps, widening doorways, and ensuring there are no barriers for those with mobility challenges.

  16. Code Compliance: Ensure that all renovations meet local building codes and regulations.

Before purchasing a fixer-upper property, it's essential to get a professional home inspection. This will help identify the extent of repairs needed and prevent any surprises after purchase. Depending on your skills and budget, you might consider DIY projects, but for major renovations, hiring professionals is usually recommended. A real estate agent or contractor can provide valuable insights into the expected costs and potential returns on your investment.

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‘Affordability continues to deteriorate’: GTA condo sales hit 23-year low in July, building association says
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Canadian Mortgage Borrowers Have Rate Cut FOMO, Snub 5-Year Terms - Better Dwelling
Fixed rates back as top mortgage product of choice: National Bank - Mortgage Rates & Mortgage Broker News in Canada
Mortgage regret: Survey shows Canadians are stressed about their current mortgage
ASK THE MONEY LADY: Renewing your mortgage now
Can Canada build 2.2M rental units within a decade?
This $3 million Toronto home was built in the 1830s but now looks futuristic

Editor's Note

"Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!"

Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings.

Manoj Atri, REALTOR® 
Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credits
Low or Zero down With Bank Cash-Back | Cash For Renovations & Much More...

Re/Max Hallmark Realty Ltd., Brokerage
401-685 Sheppard Ave E, Toronto ON M2K 1B6
Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com

Websites:  
Homebuyer Hub | ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca
SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca 

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