|
|
Daily GTA Real Estate Buzz: Curated Insights!"Elevate Your Real Estate Experience: Comprehensive Reports & Exclusive Listings!""Daily GTA Real Estate Buzz: Curated Insights" is your daily dose of curated wisdom in the world of Greater Toronto Area real estate. Each day, we sift through the latest news, trends, and market data to deliver you the most valuable insights, directly to your inbox. Whether you're a prospective buyer, seller, investor, or industry expert, our carefully selected content covers a wide spectrum, from market updates and investment opportunities to expert opinions. Stay ahead of the curve and make informed decisions with "Daily GTA Real Estate Buzz: Curated Insights" as your trusted guide in the dynamic GTA real estate landscape. Identifying hidden issues or potential pitfalls when considering a fixer-upper property is crucial to making a sound investment and avoiding costly surprises down the road. Here are steps you can take to uncover hidden issues and evaluate the true condition of a fixer-upper: Hire a Professional Home Inspector: One of the first steps you should take when considering a fixer-upper is to hire a qualified home inspector. Home inspectors are trained to identify structural, electrical, plumbing, and other issues that may not be immediately apparent. They provide a detailed inspection report outlining any problems they find. Look for Red Flags: During your initial walkthrough of the property, keep an eye out for potential red flags. These can include signs of water damage, cracks in the foundation, sagging floors or ceilings, outdated electrical systems, and plumbing issues. Check for Mold and Pest Infestations: Mold and pest infestations can be costly to remediate. Look for signs of mold, such as a musty odor or visible mold growth, and inspect for evidence of pests like termites, rodents, or insects. Assess the Roof and Foundation: The roof and foundation are critical components of a home. Check the condition of the roof for missing or damaged shingles, and examine the foundation for cracks or signs of settling. Inspect the Electrical and Plumbing Systems: Outdated electrical and plumbing systems can be expensive to upgrade. Check the electrical panel for signs of overloading and ensure that wiring is up to code. Test faucets, toilets, and drains for plumbing issues. Examine the HVAC System: If the property has a heating, ventilation, and air conditioning (HVAC) system, have it inspected for proper functioning and signs of wear and tear. Check for Structural Issues: Pay attention to any structural issues, such as uneven floors, doors that don't close properly, or cracks in walls. These could indicate more significant problems. Assess the Condition of Windows and Doors: Inspect windows and doors for drafts, damage, or signs of poor insulation. Replacing these can be costly. Review Local Building Codes and Zoning Regulations: Contact the local building department to ensure that any renovations or additions you plan to make comply with local building codes and zoning regulations. Get Multiple Contractor Estimates: If you're planning extensive renovations, obtain quotes from multiple contractors. This can help you understand the cost of repairs and renovations and identify potential issues that contractors may uncover during their assessments. Consider the Neighborhood: Assess the neighborhood and surrounding properties. A great deal on a fixer-upper may not be worth it if the neighborhood has declining property values or safety concerns. Budget for Contingencies: When budgeting for a fixer-upper, include a contingency fund for unexpected repairs or issues that may arise during the renovation process. Consult with a Real Estate Agent: A knowledgeable real estate agent with experience in fixer-upper properties can provide valuable insights and guidance throughout the process.
Remember that while fixer-upper properties can offer potential cost savings and the opportunity to customize your home, they also come with risks. It's essential to conduct thorough due diligence and work with professionals who can help you make informed decisions about whether a particular fixer-upper is the right investment for you.
|
|
|
|
Three years after construction suddenly stopped on a large Richmond development, pre-sale buyers are demanding the developer return their deposits.
|
|
|
|
Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to improve affordability for others.
|
|
|
|
This how-to guide explains how to buy your first home. It covers everything from affordability to mortgage types, and how to shop for your broker.
|
|
|
|
CIBC reports that its mortgage clients are so far managing to absorb the payment shocks as their mortgages come up for renewal at higher rates.
|
|
|
|
The Canada Mortgage and Housing Corporation says 24% of mortgage holders are having trouble paying their monthly payments, according to Blacklock’s Reporter . And only 55% said they expect their home to grow in value over the next year compared to 84% the previous year. “The current economic context and rise of interest rates has had a significant negative impact on many consumers’ financial situation,” said the 2023 Mortgage Consumer Survey. “A...
|
|
|
|
A gorgeous Toronto church is up for sale for a staggering $22,500,000.
While this 1871-built landmark comes with a steep selling price, there is mo...
|
|
|
|
BoC data also reveals greater expectation of rising home prices in the next 12 months
|
|
|
|
Jan Miller, 73, tells CityNews she fears she could lose the White Rock home she's lived in for 50 years due to rising interest rates.
|
|
|
|
Real estate in Mississauga has been anything but predictable so far in 2023 with prices swinging up and down seemingly month to month.
|
|
|
|
Not everything is selling for over $1 million.
|
|
|
|
Regional councillors learn Niagara needs 17,000 new housing units every five years until 2051 to meet the demand.
|
|
|
|
The 1,350-square-foot property also comes with concrete accent walls, a striking staircase, a finished basement and a courtyard out back
|
|
|
|
Canadian real estate experts are torn on the impact of the latest central bank move. Last time the Bank of Canada (BoC) paused interest rate hikes, home prices surged. BMO warns not to expect a replay after the latest BoC pause. The economy is in a very different place these days, and most importantly—unlike last […]
|
|
|
|
Housing Minister Ravi Kahlon says the decision balances the interest of tenants and landlords.
|
|
|
|
International students say they feel targeted by fraudulent listings around campus
|
|
|
|
Do you feel overburdened by the mess in your house? Are you looking for an easy way to simplify and declutter your living space? You’re not alone! Studies sho
|
|
|
|
"Any material acceleration in the recovery will have to wait until interest rates come down in 2024," writes RBC Economics' Robert Hogue
|
|
|
|
This desire is particularly apparent among residents of the highest-demand markets, poll says
|
|
|
|
In August, the GTA housing market shifted from rampant overbidding to a surge in underbidding, particularly in the condo sector
|
|
|
|
A significant share of Canadians have reported being targeted by fraud recently
|
|
|
|
Broker owes 1,200 investors roughly $226 million
|
|
|
|
Although the pace of increase has come down slightly, the price of rental accommodation in Canada continues to go up — with the average tenant now being asked to pay $2,117 a month.
|
|
|
|
In an already tight, expensive rental market, landlords in B.C. will soon be able to increase their rent for existing tenants by three and a half per cent instead of the two per cent they're currently capped at.
|
|
|
|
In spite of high interest rates, it’s still a seller’s market in Sudbury and area when it comes to home sales.
|
|
|
|
|
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
Social Media:
Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page
Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials © Copyright 2023 ManojAtri.com All rights reserved.
If you no longer wish to receive these Emails, please Unsubscribe Here
|
|
|
|
No comments:
Post a Comment