Real Estate Tips Archives Team Arora

How To Boost Your Home’s Curb Appeal This Spring

03/14/22 7:27 PM

This Spring, enhance your home’s curb appeal to improve its attractiveness to potential buyers.
Spring is a fantastic time to put your house on the market! Spring’s momentum is rapidly increasing, but many homeowners are still concerned with thawing ice, a coating of muck, and even snowfall. With changeable weather in the early spring months, achieving that stunning summer curb appeal may be tough. While buyers are well aware that the spring weather has an impact on how people see your home for sale, making that ideal first impression is never far from their thoughts when selling theirs.

We have some fantastic ideas for making your home’s curb appeal outstanding in this spring months.

Keep your home clear of debris as the snow melts.

Spring is coming, which means the snow will start melting! All that snow covered up all the extra clutter on our porch lawn. Now it will be melted, and we have to deal with all of that mess!

This can be an excellent opportunity to clean up your home’s exterior and increase your curb appeal. By following our tips, you will make your house look amazing and get it ready for potential buyers. Curb appeal is vital in getting people interested in your property – so make sure to follow our tips!

Actually, Cleaning up your exterior space is essential to giving that excellent curb appeal. Remove any waste bins, trailers or boats from the driveway so it’s clear and easy to see what you have available for potential buyers who are looking at moving into their next home! If there’s anything left behind like gardening tools in summertime, then be sure not forget about them as well – this will only help improve how attractive our neighbourhood looks on foot when people pass by walking along Main Street.

It may seem like some small tasks, but they can make a difference if taken care of. By cleaning up your home’s exterior, you can make it look nicer and improve its value.

Create an Inviting Entrance through your door.

It’s all about making a good first impression! Make an impression on potential buyers by setting the stage. It is entirely feasible to accomplish with little effort.

While watering the ground and planting a beautiful garden may not be possible until later in the spring, including a few hardy container plants will brighten up your doorway while Mother Nature catches up! Tulips, daffodils, and hyacinths are wonderful, hardiespring flowers that will provide a lovely burst of color. A modest amount of durable greenery is also permissible. You could keep your container plants in the car or in the mudroom till the storm passes or overnight temperatures rise.

Paint your door and trim on your front porch to bring fresh life into your home after a long winter and to brighten it up. You may either keep the same colors or try something new for fun.

Finally, a welcome mat is an excellent method to add warmth and color to your front walk. A simple welcome design on a clean coco coir welcome mat will go a long way in making your outside more inviting.

There are a few more reminders to bear in mind while designing an appealing threshold is that less is better. It’s tempting to go overboard, but it may ultimately be distracting to your home’s natural appeal. A clean, bright entryway is preferable to having too much clutter. For additional ideas on decluttering your house, check out our blog post about organizing your possessions.

Use artificial turf to revive your damaged lawn.

Front yards are the first thing potential homebuyers notice about your property. If it’s looking worn or outdated, they may walk away without considering listing with you because of how unimpressive that area is compared to other listings in better condition.

Front yard upgrades can be costly and time-consuming, but if done suitable – even synthetic lawns- will make any house more appealing on paper (and maybe turn heads before someone walks down those curb appeal streets).

Installing our artificial turf will revive your damaged lawn, make it look new again in just a few hours, and increase your curb appeal. Plus, you won’t have to worry about pesky maintenance or watering.

Keep up with Springtime Home Maintenance

When your house is in need of attention, it’s easy to see. As a result, keeping up with your spring home maintenance should always be at the top of your priority list, especially if you are selling your property. Cleaning out and maintaining your gutters will improve the curb appeal of your property and get it in the best shape possible for purchasers.

Adding some exterior lighting, either functional or decorative will impress buyers and boost your home’s curb appeal. This is especially beneficial during the spring since we know that the days are starting to get longer, but evening showings may still be darker hours of the day. Since the exterior is often a great selling point, consider adding conversation areas or outdoor living spaces.

Finally, make sure your entrance and pathways are clear of snow, mud or ice as well. Depending on how many showings your home has scheduled, you may want to incorporate this into your daily routine so pathways are clean and clear at all times.

Here are the top five costly mistakes home buyers make.

03/10/22 7:19 PM

1. Mistake Uncertain of what they can afford before they make an offer.

The most effective way to prevent this from happening is to apply for pre-approval for a mortgage, which means you know precisely how much you’re able to pay. Pre-approvals typically cost nothing.

2. Uncertain of who the agent represents.

If the agent isn’t acting as your buyer’s agent and represents the seller. Most people aren’t aware of this.

3. Mistake The wrong mortgage to choose.

A poor mortgage could result in tax penalties of thousands and interest. Ask an accountant for advice prior to you decide on the mortgage you want to take out.

4. Mistake Finding no issues with the house prior to buying it.

Always get a professional inspection at the house prior to buying it, as you might end up with enormous repair costs later. Learn this article to avoid the trap of a financial loss.

5. Mistakes Unaware of how their credit will affect their ability to buy or refinance a house.

Find a mortgage expert to guide you through and create your credit report before buying a home.

The most important thing is to hire a trusted and licensed realtor who will assist you throughout the buying process.

5 Tips for Buying an Investment Property

03/8/22 1:30 PM

If you’re considering buying an investment property, there are several things to keep in mind before you commit to the purchase. The key to your success with the property will be researching and planning to know what factors will affect the house’s value and how much of your time and money you’ll need to put into it to maintain its value over time. Here are five essential things to consider before investing in a property. If any of these crucial things don’t make sense to you, or if you find them too complicated, be sure to talk with an expert who can help guide you through the process.

1. Risk in Real estate investing.

Real estate investing is a lower-risk option than other investments, such as stocks or cryptocurrencies. To assess the risks involved, it is essential to thoroughly research the property, the area, the appreciation over time, and future plans. You should also consider operating, mortgage, and maintenance costs when investing in property.

2. Your Financial Situation

Before you consider investing in property, It is essential to assess your financial situation. These investments are not cheap, so be prepared to invest substantial money upfront and over time if you have to mortgage. When determining your financial situation, consider your income to debt ratio. This could make a difference in whether you can use your existing funds for the investment or not. Consider how much cash you have available after the acquisition. This can help with closing costs and emergency fund requirements.

3. Property Management

Depending on the type and size of your property, you might need management services to maintain it operational after you have bought it. It is wise to hire a property manager to manage your rental property. They can find tenants, handle legalities, and maintain the property. This will take the burden off your shoulders and allow you to concentrate on other investments and personal ventures.

4. Property location

The “where” is much more important than “what” when investing in property. Property prices heavily depend on the location of the property. The property price in urban areas will always be higher than those in rural and suburban locations. The high cost of living in urban areas will result in higher long-term profits. Because of the ease of access to transportation and social factors, urban lifestyles are often more appealing to the masses. Once you have purchased the property, the property’s location will be determined by who your target audience is. If you plan to rent your property out to families, you might consider buying a property in Brampton and Mississauga, the best places to purchase real estate in Ontario.

5. The One Percent Rule

The real estate’s one percent rule states that the monthly rent should not be less than 1% of the property’s price. Your property rent should cover your monthly mortgage payments. This ensures that you don’t invest your income in the mortgage but rent the property. This is what will make renting a rental property worth the investment.

Canada Real Estate Statistics You Need To Know

02/3/22 3:12 PM

There are over 140,000 real estate brokers, agents, and salespeople in Canada. Working through 79 boards, the Canadian Real Estate Association (CREA) reports that these professionals help more than 4.8 million consumers purchase homes every year.

In Canada alone, Statista.com reports 258,054 employees in the Canadian real estate industry in March 2021.

The largest real estate association in Canada is OREA, which is made up of 82,000 REALTORS® from 36 real estate boards.

The most expensive residential property in Canada is a mansion Chelster hall in Oakville, Ontario.

TREB is the real estate board for Toronto, North York, Scarborough and all of the Greater Toronto Area – one of the largest housing markets in Canada. TREB represents more than 62,000 salesperson and broker members who are responsible for more than 560,000 active residential real estate listings across the GTHA.

Although the real estate industry is booming, it is also highly competitive. A NAR study reported that an estimated 87 percent of all new agents fail within the first five years, with only 13 percent of agents being able to make it.

The national average home price in December 2021 was $716,585.

6 Things You should consider before Buying a House

02/2/22 4:02 PM

The most important thing about moving is choosing the right neighborhood. What are the key characteristics to look for when choosing a neighborhood?

You can’t change the location of your home. Make sure it is in the right place.

6 things you should look out for in your neighborhood

1. Safety

Many homebuyers are concerned about the safety of their neighborhood. You should look for a safe neighborhood with a low crime rate.

Take a look at street lighting. Is the area well-lit? Are you considering buying a property near a well-lit area?

Is there a watchdog in your neighborhood? What is the crime rate in the area? Ask residents if they are walking their dog, or mowing their grass.

2. Commute

Consider your commute to and from the home. It’s not just about your commute to work. If you frequently travel, consider your commute to an airport.

Even if your work is remotely, it’s likely that you will be visiting the same places regularly. Perhaps you plan to visit a local physical therapist or take monthly business trips. You can find out what the commute costs to most frequently visited places by doing a quick search.

3. Walking Paths and Community Parks

You can take note of the community parks and walking paths in the area if you have children or dogs. You should look out for good parks, trails, and paths in your neighborhood.

Are the sidewalks in good condition? Are the playgrounds in good shape? Is the house close to trails and parks you enjoy?

4. School District

The school district in which the home is located is one thing you can’t change. This is why it’s important to find a great school district in your neighborhood. Ask your agent to provide information about the school district, including the reputations and test scores of the schools.

Even if your children do not live with you, or you are planning to send them to private school, the school district will be relevant for your resale. It doesn’t have to be a deal breaker. However, it is important to know that a less desirable school district may impact your property value when you refinance or resell.

5. Shopping, Restaurants, and Entertainment

Consider the proximity of shopping, entertainment, and restaurants. Consider the distance between your home and the grocery store. Also, consider whether there are nearby restaurants or coffee shops that you might enjoy.

Is there an event venue nearby? What about nightlife? These may be considered pros or cons, depending on how you live and what level of traffic and noise you enjoy.

6. Medical Facilities

No matter how often you need medical attention, it is important to find quality facilities in your neighborhood. Check out the reputations of nearby hospitals.

You should consider whether primary care providers are available near the property. How close is your home to any specialists if you need them? While many people are happy to commute to see the right provider for their care, it is important that you understand these details before you make your final decision.

We are available to assist you when you’re ready to move. Get in touch with us today to get going!

Canada’s warehouse space is expected to run out by the end of the year.

01/25/22 3:51 PM

According to a study provided by commercial real estate firm CBRE Ltd, a near-record 26.1 million square feet (2.4 million square meters) of logistics real estate is under development, with much of it already leased. And, with existing warehouse vacancy rates at historic lows, it may soon be practically difficult for firms to find storage space.

“A large amount of industrial space is required merely to keep up with the shift in consumer behavior toward e-commerce,” says one expert. “By the end of the year, we won’t have enough room for anyone to come in.”

According to JPMorgan Chase & Co. experts, Canada trailed behind other industrialized countries in e-commerce adoption before to the pandemic, but online sales have expanded faster than in other Western countries in recent years. According to the bank, the percentage of buyers who made at least 40% of their transactions online had more than quadrupled by April 2020 compared to the rate before the epidemic.

With the country currently dealing with a fresh round of COVID-19 cases and regulations, the conditions that have made e-commerce such a big part of Canadians’ lives appear to be sticking around for a while.

Businesses have been snapping up industrial real estate at an unprecedented rate as a result of the trend. According to the CBRE research, almost 10.4 million square feet of warehouse space was leased throughout Canada in the first three months of this year. The major cities in North America, Toronto, Vancouver, and Montreal, have the lowest vacancy rates in the world.

According to Hanna, landlords may have to consider transforming retail and office buildings that were mainly underused during the epidemic into logistics centers since new construction is coming up too slowly to fill the void in those locations.

According to statistics from data source Altus Group, Amazon Canada Fulfillment Services spent $40 million (US$32 million) last month to acquire 40 acres (16 hectares) in the Toronto suburb of Pickering that had previously been home to a local flea market.

“Industrial tenants and developers are having to be inventive to free up some space,” according to the article. “This is a very lean year, making it difficult for tenants.”

(Source)

How to Avoid Getting Outbid in a Brampton Real Estate Market

12/30/21 3:17 PM

In Brampton’s always-hot real estate market, being outbid for almost any property is a frequent problem. There are, however, a few things buyers may do to help their bids stand out and beat the competition:

1. MAKE THE FIRST MOVE

Making the first serious offer has several benefits, and it raises the prospect that a seller will choose yours over other bids made later. If you are the first buyer, you have a better chance of receiving an offer that is above or equal to yours than if you were not the first.

2. SHOW YOU ARE READY, WILLING, AND ABLE

Communication is critical throughout the bidding process, and expert Team Arora’s agents can assist you in making your bid stand out from the crowd. Our professionals ensure that your conditions are clearly and on time delivered, that you are economically suitable, and that you may be more competitive. When you have a real estate agent with prior experience in local areas who is working hard to connect buyers and sellers, it makes things much easier.

We recommend that bidders present proof of funds (for example, a most recent bank statement) or an up-to-date preapproval from their lender as a sign of financial ability. Why not add all the proof you have to your claims, and use it as a selling point? This assures the seller that you’ve already taken all necessary measures to ensure that you can buy at the offered price. If the pre-approval on your account is outdated, or the offer price is greater than the pre-approved amount, take steps to obtain an updated letter from your lender. If you haven’t started this procedure yet, ask your agent to connect you with a recommended lender.

You may also convey your enthusiasm by writing a “buyer love letter.” Sharing data such as how long you’ve lived in the city and what initially drew you to the house can assist a seller to understand why you’re interested. This may have an impact on the choice between two potential buyers who are bidding very close to each other, particularly if the owners had occupied the property for a long time and were emotionally attached to it.

3. ASK QUESTIONS

Make a list of questions to ask the sellers, either directly or through your real estate agent. Most importantly, always inquire about why the seller is selling his or her property! Maybe the buyer is going through financial difficulties or is acquiring another property. Regardless matter of why these findings may assist you in better comprehending the seller’s objectives and intentions.

A fast and easy closing, for example, is worth more to a seller who will be buying another property in 45 days and financing the purchase themselves. A seller who is still looking for a new house might be seeking to extend the time it takes to close. The more data you have, the better prepared you are to compete against other bids.

4. CUT OUT CONTINGENCIES

Consider contingencies to be strings attached to your offer—the fewer there are, the simpler the seller’s process and, as a result, the more appealing your bid.

An inspection contingency, for example, allows a buyer to do an inspection after an offer is accepted. You should waive this condition if the equipment is in apparent excellent working order, or demand an inspection for informational purposes only, which means you will not get any money if anything significant is discovered.

Ready to get started? Schedule a call to be matched with our agents that can help you every step of the way.

Category: Real Estate Tips