Consumer Tips For Real EstateHome Buyers 21 February 2024

What You Need to Know About Buying a Condo

Condos have become a popular housing option for many different reasons – a smaller footprint is great for those who might be looking to downsize from a single-family home to something smaller, while their size often translates into more affordable purchase prices for first-time home buyers or new families looking to get into the housing market. If you’re considering buying a condo, it’s important to do your research to fully understand everything that goes into condo home ownership, as there can be differences between owning a condo versus a single-family home.

If you’re thinking about dipping your toes into the housing market and buying a condo, we’ve highlighted some of the main things you need to know about condo home ownership.

Swimming pool in condo building

Take Location Into Account

Condos are typically built in high-traffic areas such as downtowns and other urban centers, so if you’re looking to be in a quiet, family-friendly neighbourhood, then a condo might not be the right choice for you. However, if you’re looking to be able to walk out your front door and be in the hustle and bustle, then a condo might be the perfect place to call home. Location is also important to consider when thinking about things such as transportation and other amenities. If you work in a busy downtown area, opting for a condo a few blocks away might be a great idea, as it’ll save on commute times and transportation costs.

What Amenities Are Included?

One of the most appealing features of many condos are their included amenities. These differ from building to building, but some common amenities often seen in condos include swimming pools and hot tubs, gyms, shared outdoor spaces such as BBQ pits and rooftop patios, and common lounge rooms that everyone in the building can access. If you’re currently paying for a gym membership, opting for a condo with a gym might be a great way to help cut down on some costs. These amenities are typically included as part of the strata fees you pay to live in a condo building, so they can be a huge added bonus when considering a condo as your next home.

Condo living room

Are There Other Costs to Be Aware Of?

While condo prices are often lower than those of single-family homes and townhouse units, it’s important to remember that the listing price doesn’t include things such as strata fees and other costs that factor into purchasing a home. Strata fees are used to help cover the cost of building maintenance, access to amenities, and general upkeep of the property and its grounds (garbage removal, landscaping, snow removal, etc.). These fees can vary depending on the property, its location and the amenities it provides, among other things. It’s important to take this fee into consideration when looking at purchasing a condo, as it will become part of your monthly payment and might impact your budget. You’ll also need to remember to consider utility and insurance payments, which also won’t be included in the purchase price.

Consider The Long-Term Potential

If you’re looking to downsize, then you might be looking at a condo as more of a long-term investment. However, if you’re looking at a condo as a bit of a stepping stone to get yourself into the housing market, then it is probably a good idea to consider the long-term potential of your condo. Condos have excellent rental potential, especially in cities like Kelowna where you have a bustling student population. Rather than selling your condo down the road, you might want to consider if it might be more worthwhile to rent it out instead. Thinking about your long-term goals before making a purchase might help you narrow down your options, or might make one condo more appealing than another.

Regardless of whether you’re a first-time homebuyer or are someone looking to downsize, condos can be a great investment. Taking the time to do your research before starting your home-buying journey can help you feel better prepared for the purchase you’re going to make, and help you get into the condo of your dreams!

Thinking about making the move to a condo? We can help! Contact Max Carbone today to have him connect you with one of our experienced real estate agents.

In The CommunityThe Gold Standard in Real Estate 7 December 2023

Century 21 Assurance Realty Proudly Celebrates One of Our Own

Out of 12,000 hard working, dedicated Century 21 Realtors across Canada, one of our own stood out amongst the rest. Anne Wolfe was recently named 2023 Sales Associate of the Year and was presented the award by Century 21 Canada president and CEO, Martin Charlwood, at the annual OneC21 Conference in Calgary.

Anna Carbone, Partner at Century 21 Assurance Realty, highlighted Wolfe’s work ethic and commitment to the brand.

“This incredible milestone and achievement is a nod to Anne’s outstanding performance, professionalism, community work, and engagement with the Century 21 brand, network, and tools. We’re thrilled to be a part of Anne’s successful journey in Real Estate.”

Having recently surpassed 20 years with Century 21, Wolfe was selected from a shortlist of agents nominated by the company’s brokers and agents. The main criteria for the award include:

  • Industry Success
  • Community Ties
  • Engagement with Tech and Program Tools
  • Representation of the brand’s “Gold Standard” of client excellence

“I feel honored and grateful to have received this year’s C21 Sales Associate of the Year award,” said Wolfe. “Having been with Century 21 for over 20 years – in two different provinces – the integrity of the organization, as well as its ability to pivot and grow with changing times has made it the best place to grow my business! The support of my family, agents, and brokers at Century 21 Assurance Realty and my Century 21 Canada family as a whole are a huge part of my success in real estate!”

Consumer Tips For Real EstateHot Tips 16 November 2023

Best Ways to Boost Your Home’s Curb Appeal in Winter

When it comes to selling your home, curb appeal has a huge impact on the first impression your home gives potential buyers. While boosting your home’s curb appeal during the warmer, summer months is relatively simple, it can be more challenging once the snow flies and the cold weather sets in.

If you’re looking for a few ways to boost your home’s curb appeal in the winter, we’ve compiled a list of a few different things you can do!

Home with bright interior lights in winter

Boost Curb Appeal: Let There Be Light

As the days get shorter, you’ll want to ensure that your home is properly illuminated. Not only will this help potential buyers see the home, but it will also help keep sidewalks and front porches lit up, which will help keep people safe. With showings happening in the darker evening hours, keeping your lights on will also make your home feel more welcoming and ‘lived-in’, which will help invite potential buyers in.

Spruce Up Your Front Porch

While there won’t be much yard work to be done in the winter months to help with your home’s curb appeal, one area that you can put some work into is your front porch. Consider painting your front door a bold colour to add some personality to the space, add festive winter-themed pots on the porch, or hang a seasonal wreath on the front door to help boost the curb appeal. Not only will these add to the first impression that your home will make to potential buyers, but it will also allow them to see the potential of what they could do to the space should they decide to put in an offer.

Homeowner shovelling snow in winter

Keep Sidewalks Clear

When inviting potential buyers into your home for showings, the last thing you want is for someone to slip and fall on an icy sidewalk. This is why keeping sidewalks and driveways clear is extremely important when selling during the winter months. Shoveling and de-icing your sidewalks and driveway can also help boost your home’s curb appeal as it makes your property feel lived-in and more welcoming to those who might be considering your home during their home search.

Update House Numbers

If you’re looking for a simple, relatively inexpensive way to boost your home’s curb appeal during the winter months, then you might want to consider updating your house numbers. They are mandatory to have on your home, but depending on when your home was built and when they were last changed, they can sometimes look a bit outdated. Taking the time to update your house numbers is a great way to refresh the exterior of your home while also ensuring that potential buyers will be able to easily find it when they come for their showings.

Whether you’re planning to list your home soon or are thinking you’ll be listing later in the winter, taking these steps now is a great way to ensure that you’re putting your home’s best foot forward when it comes time to put it on the market.

Thinking about selling your home? We can help! Contact Max Carbone today to get in touch with one of our experienced real estate agents!

In The CommunityIn The CommunityIn The Community 18 October 2023

Spooky Halloween Activities in the Okanagan

With Halloween just a few weeks away and the crisp fall weather already in the Okanagan, many people are starting to look for activities to help them get into the spooky season mood. Whether you’re looking for a good scare or are looking for something fun to do with the kids, there are dozens of fantastic Halloween activities and events happening throughout the valley.

We’ve highlighted a few spooky Halloween activities happening in the Okanagan over the next few weeks that are definitely worth checking out.

Trick or treating in the Okanagan

Haunted Farm Adventure

Hosted by Don-O-Ray Farm, the Haunted Farm Adventure will provide fun for all ages! The ghost town of Deadwood has reawakened and the fall activities are in full swing, including a hedge maze that is full of spooky surprises, twists, turns, and dead ends. While you’re enjoying the spooky fun, you can also pick up your pumpkins straight from their pumpkin patch! With dates running throughout the month of October, make sure to drop in and enjoy their Haunted Farm Adventure!

Haunted House at the Museum

If you’re looking to visit a Haunted House this spooky season, then look no further than the Westbank Museum’s 3rd annual Haunted House at the Museum. Entry is by donation and they have several dates between now and Halloween for you to enjoy. Bring your friends and family and make your way through the haunted house – if you dare!

Halloween Movie in the Vineyard

Visit Priest Creek Family Estate Winery this October and enjoy a Halloween Movie Night in the Vineyard! On Friday, October 27th, they will be screening The Haunted Mansion for everyone to enjoy. This is a ticketed event with adult tickets at $15 and kid tickets at $10. Don’t forget to enjoy a wine tasting while you’re there!

Jack-o-lantern pumpkin for halloween

Halloweenie at Grizzli Winery

For those who are looking for both kid-friendly and pet-friendly Halloween events around the Okanagan this fall, Grizzli Winery is the place to be. Their 4th annual Halloweenie event is a non-scary, ‘lights on’ indoor event that is perfect for young kids. Kids can join in on fun Halloween-themed activities such as a scavenger hunt, mini-pumpkin decorating station, outdoor s’mores around the fire, and more while parents can enjoy wine from the winery. Admission is $5 and covers a variety of things for both adults and children.

Family Monster Bash

Join the City of Kelowna for their Family Monster Bash at the Kelowna Capital News Centre on Sunday, October 29th! This is a free event perfect for the whole family and will include an obstacle course, bouncy house, Halloween games, face painting, and more. The concession will be open for purchasing food and drinks, and the ice rink will be open for free skating.

There is never a shortage of great events happening throughout the Okanagan, and the Halloween season is no exception! These events are sure to get you into the spooky spirit, just in time for Halloween!

Are you thinking about moving to the Okanagan and making it your home? We can help! Contact Max Carbone to be connected to one of our experienced real estate agents.

15 September 2023

Preparing Your Home For Fall & Winter

As the weather begins to cool and the leaves start to change, many people start thinking about how they can prepare their homes for the change in seasons and upcoming colder months. Taking the time to properly prepare your home for seasonal changes is a great way to check if there are any repairs that need to be made or equipment that needs to be replaced before the snow settles in.

If you’re wanting to prepare your home for fall and winter but aren’t sure where to start, we’ve put together this blog post to help you out.

Patio furniture in fall

Clean Your Gutters

To avoid running into blocked gutters during the spring snow melt, taking the time to clean out your gutters in the fall is a great way to get rid of any debris that might cause issues down the road. Things such as leaves, twigs, and other debris that get blown around have the potential to clog up your gutters and downspouts, so being proactive and cleaning them routinely will help keep them clear and avoid potential water damage to your home.

Test Winter Tools & Equipment

There is nothing worse than waking up to the first snowfall of the year, only to find that your snowblower isn’t working properly or your snow shovel isn’t where you thought you left it last year. Taking the time to test your winter equipment in the fall months is a great way to ensure that when the snow falls, you can efficiently clear it from your sidewalks and driveways. It might also be a smart idea to install any Christmas lights before the snow begins to fall.

Outdoor patio furniture

Clean & Store Outdoor Patio Furniture

While it might be tempting to just pull in the cushions from your outdoor patio sets for the winter, it’s always a good idea to give your outdoor furniture a thorough cleaning before the cold months set in. It is also recommended that you store your furniture properly to help minimize the environmental wear and tear that comes with cold Canadian winters.

Drain Outdoor Faucets

Before the cold winter months set in, it’s always a good idea to disconnect any outdoor garden hoses and drain outdoor faucets. This will help prevent any water that may be stuck in the pipes from freezing and potentially damaging the water pipes within your home. In some instances, you may want to look at installing outdoor faucet covers to help protect them from the cold winter elements.

Whether you’re a first-time homeowner looking to protect your new home from the elements or looking to establish more of a fall/winter maintenance routine, following these steps will help you better prepare your home for the upcoming cold weather.

Are you looking to buy your first home? We can help! Contact Max Carbone today to be put in touch with one of our experienced real estate agents.

Consumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateConsumer Tips For Real EstateSellers AdvantageSellers Advantage 21 August 2023

Top Tips for Downsizing Your Home

While having a large home with lots of room for kids and pets to run around can be great, there will likely come a time once the kids have moved out and you find yourself with more square footage than you know what to do with. In this scenario, many homeowners find themselves looking to downsize their home and find something a bit more manageable for their current lifestyle. But downsizing can be a daunting and sometimes emotional task that can be overwhelming if you don’t take steps to help streamline the process.

If you’re thinking about downsizing your home, we’ve put together a few tips to help make the downsizing process as stress-free as possible.

Small space kitchen

Declutter Before You Move

One of the best ways to make downsizing a breeze is to declutter your home before you move. Not only will this help eliminate items you don’t have space for in your new home, but it will also save time so you can avoid packing items that actually don’t need to make the move. Compare your current home with the home you’re moving into and take inventory of items that aren’t necessary.

Start Small

The idea of having to downsize and declutter an entire house can feel incredibly overwhelming, so it’s important that you remember to start small. Rather than looking at your home as a whole, start with just one room, such as a bedroom, and go from there. Making a list can also be helpful – jot down any items or pieces of furniture that you know you no longer need, and deal with them when you come to that room rather than trying to tackle everything at once.

Small space bedroom

Don’t Be Afraid to Ask For Help

Asking for help can be hard to do, but when it comes to downsizing and moving, it can be a game-changer! If you have friends and family who are willing to help with the downsizing process, take them up on it! Sometimes just having an outside opinion and an extra pair of hands can make the entire process go much faster and make it less stressful.

Utilize Space-Saving Options

When thinking about what furniture to take to your new place, it is a good idea to look at pieces that might serve more than one purpose or offer hidden storage. It’s also important to ensure that the furniture you currently have will fit in your new space, especially if you’re moving from a house to a smaller townhouse or condo. With so many great space-saving options available, you’ll be able to find something that will fit your needs while maximizing your space with additional storage or seating.

Whether you’re downsizing because you no longer need the space that you currently have or are just looking to simplify your life, these tips will help keep the downsizing and moving process simple and stress-free so you can spend less time worrying and more time enjoying your new space!

Looking to downsize from your current home into something smaller? We can help! Contact Max Carbone today to get connected to one of our experienced real estate agents!

Hot TipsHot TipsHot TipsHot TipsHot TipsHot TipsHot Tips 5 July 2023

Tips for Keeping Your Home Safe During Summer Vacations

Now that the sunshine and hot weather are here, many people will set off on their summer vacations. Whether you’re planning to stick close to home this summer or are planning a larger getaway, it’s important to make sure you have everything in order before setting off, including making sure your home is safe and secure. The last thing you want on vacation is to receive a call that something has gone wrong, so we have highlighted some steps you can take to help ensure that your home and belongings will be safe until you return.

Whether you’re leaving town for an extended period of time or are just leaving for a day or two, following these steps before you leave will help keep your home safe while you’re on vacation.

Watering flowers while homeowners are on vacation

Get a House Sitter

One of the easiest ways to ensure that your home will be safe and secure while you’re on vacation is to hire a house sitter to keep an eye on the place. Some house sitters will actually stay in your home, which will help make it look lived-in. Alternatively, some house sitters will stop by your home once a day or once every few days to make sure that everything is in order. Not only is this a great way to ensure that your home is being looked after, but it also means you can have someone stopping by to water flowers and other plants that might suffer in the hot Okanagan sun.

Lock All Windows & Doors

Before leaving on vacation, make sure to walk around your home and check that every window and door is closed and locked. This will help improve your home’s security and will help give you peace of mind that everything is locked up and secure. You might think that simply closing your windows is enough, but ensuring that they are locked as well will help keep every possible entrance to your home safe and secure.

Install Smart Locks & Security Cameras

Investing in a security system or smart locks is a great idea if you plan to be away from home for an extended period of time, but it is also an investment that will benefit you and your home year-round. There are many great, easily accessible options available, such as the Ring Video Doorbells or the Google Nest security cameras, many of which are easy to install and connect to an app on your phone so you can keep track of what’s happening from wherever you are. Smart locks are also a great way to ensure your home’s security, as many of them give you the ability to lock and unlock your doors from anywhere.

Make It Look Like Someone’s Home

If you have a trusted friend or neighbour looking after your home while you’re away, there are a few things you can ask them to do to make it look like your home is being lived in, even if you’re away. If there are cars left in your driveway, arrange to move them every so often to make it look like you’ve been out and about. Having someone collect your mail is also a great way to keep it from piling up so it’s not so obvious that no one is home. If your blinds or drapes are normally open, keep them this way so that it looks like nothing is out of the ordinary. You can also leave a light or two on to make it seem like someone is home.

While it might be tempting to rush out and make the most of your summer vacation, taking the time to properly secure your home will help give you peace of mind that it’s being looked after and will allow you to enjoy your holidays without worrying about your home or your belongings.

 

Thinking about calling the Okanagan home, but don’t know where to start? We can help! Contact Max Carbone today to be connected with one of our experienced agents.

Preparing Your Listing for SaleUncategorized 22 June 2023

5 Questions to Ask Your Real Estate Agent When Selling

While selling your home might seem as simple as just putting it on the market and waiting for the offers to come in, there is actually a lot more that goes into selling a home than you may realize. If you’re looking for a home sale that will go smoothly and be as stress-free as possible, it’s important to sit down with your real estate agent and ask some questions that will help manage your expectations and better understand the entire home selling process.

Working with an experienced and reputable real estate agent is a great place to start, but we’ve highlighted a few questions to ask your agent to best prepare for your home sale.

How Much Is My Home Worth?

One of the most important questions to ask when beginning your home selling journey is what your real estate agent thinks your home is worth. Hiring a real estate appraiser is one way to determine the price, but you can also ask your real estate agent to perform a market evaluation. They will consider the current housing market and demand in your area, along with the specifics of your home, such as square footage, number of bedrooms and bathrooms, and location to determine your home’s value and what the listing price should be.

Factors such as the age of your home, any recent upgrades or renovations, and proximity to different amenities will also have an impact on your home’s value.

couple meeting with real estate agent

What Costs Will I Incur While Selling My Home?

Another important question to ask your real estate agent is what costs you might incur while selling your home. One of the more obvious costs is the commission that your agent will take for helping you through the selling process, but there are other costs that are important to keep in mind. Some of these additional costs can include fees from a Notary Public or Lawyer, as well as any costs associated with moving, starting/canceling new utility services, and hiring cleaners to clean your home for the new buyers before they take possession.

What Do I Need To Disclose to Buyers?

While there are some things that you likely don’t need to disclose to any potential buyers in your home, in British Columbia you are obligated to disclose any and all known Material Latent Defects, which can include:

  • A defect in the home or property that could make it potentially dangerous for occupants
  • Anything that classifies the property as uninhabitable
  • Lack of appropriate building (or other) permits regarding the property
  • Any required updates that will be extremely costly to the new owners to repair

It is important to bring anything you feel may fall under a Material Latent Defect with your real estate agent early on, as they can sometimes have an impact on the value of your property.

Home improvements being made before sale

How Do I Best Prepare My Home for Sale?

Another important question to ask is what you can do to best prepare your home for being put on the market and potential showings. One of the biggest things to remember is that your home will need to remain clean and tidy for both the listing photos and for showings, as that will allow you to best represent your property. The curb appeal of your home also makes a big impact, as it is the first impression people will get of your home. There are a few simple things you can do to help boost your home’s curb appeal, such as tidying any clutter from the yard, adding some bright flowers and planters, and painting the front door.

How Will You Market My Home?

While selling your home might seem as simple as just putting it on the MLS and waiting for the offers to roll in, there is actually quite a bit of marketing that goes into selling a home, so it’s important to ask your real estate agent what they plan to do to help market your property. The marketing approach is key as it can help attract buyers and make your home very appealing compared to others on the market. Some of the most common marketing materials utilized by real estate agents include:

  • Professional real estate photos and floor plans
  • Marketing materials such as flyers and brochures
  • Advertising on real estate portals such as Realtor.ca and Zillow.com
  • Social media marketing through the agent or brokerage’s social media accounts

Some agents also leverage marketing materials such as video, 3D virtual walkthroughs, and virtual staging to help your home stand out. Be sure to ask what your agent will do to help market your property to ensure you’re getting the best service possible.

While selling your home can be a stressful and sometimes emotional time, taking the time to prepare and ask the right questions can give you peace of mind that your real estate agent has your best interest in mind and can do what it takes to get your home sold.

Ready to sell your home and are looking for an experienced real estate agent? We can help! Contact Max Carbone today to get started!

Home BuyersHome BuyersHome BuyersHome Buyers 19 May 2023

Kelowna’s Top Liveability Factors

There is no question that Kelowna and the rest of the Okanagan Valley is a true four-season playground, with endless activities and amenities to enjoy year-round. These features factor into Kelowna’s liveability factors, which is a huge attraction for people looking to buy in the city. If you’re considering making the move to Kelowna, take a look at Kelowna’s liveability factors to determine if it’s the right community for you.

We’ve highlighted some of Kelowna’s top liveability factors to help you get a feel for the Okanagan Valley and everything it has to offer!

Winter activities at Big White Ski Resort

Kelowna Liveability: Get Outdoors

Tourism is very popular in the Okanagan Valley. This means that Kelowna and the surrounding area offer a diverse range of outdoor activities for locals and visitors alike. While the hot summer months are popular with people looking to spend time at the beach, go boating, or golfing at one of the many popular golf courses, the winter months also provide endless outdoor entertainment. Big White Ski Resort and Silver Star Mountain Resort are both short drives away from Kelowna and are fantastic locations for ski and snowboard enthusiasts. Snowshoeing is also a popular winter activity and a great way to enjoy the great outdoors and explore everything Kelowna has to offer.

Eat and Drink

If the Okanagan Valley is known for one thing in particular, it’s wine. Kelowna is considered the birthplace of winemaking in British Columbia, which makes it a popular spot for people looking to experience some of the many incredible wineries that call the Okanagan home. Kelowna boasts five unique wine trails, with over 40 wineries to visit in just a 20-minute drive. Many wineries have restaurants attached, making them a great place to spend an evening sampling fantastic food and drinks with friends or family, whether you’re a local resident or are just visiting.

Beaches in Kelowna

Explore The Beaches

The gorgeous Okanagan Lake is the heart of the Okanagan Valley and spans a whopping 135 kilometers from Vernon in the north to Penticton in the south. Regardless of where you’re at in the valley, you’re bound to find a beach to enjoy the refreshing water during the hot summer months. Many beaches are equipped with bathrooms, playgrounds, and other amenities such as various sports courts and concessions, making them a great place to spend the whole day with friends and family. Whether you’re looking to get out on the boat, explore the shoreline in a kayak or stand-up paddleboard, or simply lounge and soak in the sun, you won’t regret checking out one of over 30 beaches in the region. If you look hard enough, you might even catch a glimpse of the elusive Ogopogo!

Landmark district

Popular Neighbourhoods

If you’re considering moving to Kelowna but aren’t quite sure which neighbourhoods to search in, here are a few that boast great liveability features that might be worth checking out. The Capri Landmark area is great if you’re looking to be close to work, as it is one of Kelowna’s major employment hubs and there are plenty of great apartments in the area. Lower Mission is a popular neighbourhood for those looking for easy access to trendy shops, restaurants, and the lake. There are lots of new apartments and townhomes being built in the area, making it popular with current home buyers. Finally, the heartbeat of Kelowna lies in the Downtown core, where you will find shopping, transit, and more!

Whether you’re already familiar with Kelowna or are new to the area and are looking to put down roots, these liveability factors will help you determine the best place to start looking for your perfect home in the Okanagan Valley!

 

Are you ready to find your Kelowna home? We can help! Contact Max Carbone today to be connected with one of our experienced real estate agents!

Preparing Your Listing for SalePreparing Your Listing for SalePreparing Your Listing for Sale 28 April 2023

Why It’s Important to Know the Value of Your Home

Regardless of whether you are a current homeowner, an investor, or are looking to enter the housing market for the first time, understanding the value of your home or a home you’re looking to purchase is incredibly important. There are several different factors that can determine the value of your home, or the replacement value of your home, so make sure you take everything into consideration. Working with a real estate professional can help you better understand the current market and how it could impact your home’s value.

We’ve highlighted some of the key factors that are used to determine the value of your home.

Beaches and parks close to home

Value of Your Home: Current Housing Market

One of the biggest factors in determining the value of your home is the current housing market. It is constantly changing with inventory levels constantly shifting, so working with a real estate agent is vital in getting a pulse on what is happening in your local market and where your home might fit within it. Taking a look at comparable properties in your area can help you get an idea of what your home might be worth, but don’t forget to factor in the type of home, square footage, number of bedrooms and bathrooms, and any updates that might set your home apart from others. An experienced real estate agent will have knowledge of the current market and your neighbourhood and will be able to help you put a number to your home’s value.

Size of Your Home

Size matters, especially when it comes to determining your home’s value. The square footage of the property itself is important to keep in mind, but it’s also a good idea to factor in the size of the lot as well. Many buyers are looking for more space, whether it’s to accommodate a home office/flex space or multiple generations living under one roof. Generally speaking, the larger a home’s footprint or the bigger the lot, the higher the resale value will be in the future.

Downtown amenities that can impact home's value

Updates & Renovations

When determining the value of your home, it’s important to take into account any renovations or updates that have been made to the space, as these could help improve your home’s overall value. While some homeowners take on large renovations such as redoing kitchens or bathrooms to help increase their home’s value, while others keep it simple and opt to give the walls a fresh coat of paint or update flooring in certain rooms to help freshen up the space. Even small updates that might not seem like much can have a huge impact when it comes to appealing to potential buyers and boosting your home’s value.

Location

Like the current housing market conditions, the location of your home is going to have a huge impact on its overall value. Neighbourhoods that are close to amenities such as schools (public, private, and French), shopping, and green spaces are often times going to be more appealing to potential buyers who are looking to be close to those things. Considering your home’s location and proximity to different liveability factors can be a huge help when determining its overall value. An experienced real estate agent will also be able to give you information on what other homes in your area might be selling for, which can help you better understand your home’s value.

Whether you’re looking to put your home on the market or are just wanting to stay up-to-date with what is happening in the current market, it’s always important to understand the value of your home.

 

Curious about what your home might be worth? We can help! Contact Max Carbone today to be connected with one of our experienced real estate agents!