The summertime brings with it a whole new set of real estate thoughts.
Some of us are thinking about whether to add a pool or garden house to our backyard, or to take the plunge and do some amazing landscaping. On the other hand, there is always the option of heading up to cottage country and finding a lake house or vacation home to pass away those lazy summer days.
For me this summer, my mind has been not only on the slowing market but the changes in our family. With my daughter now having graduated from university and having the realization that I will be an empty nester soon, it is time to take stock of our home. How much longer will we need all this space. I know I am not the only one with growing kids thinking about how many more years until we downsize.
In fact, many of our clients are calling this summer and asking if this a good time to invest now that the market has slowed. With kids off to university many of us are not quite ready for the downsize but have some good equity and want to diversify our portfolio’s to include a cottage, condo or income property.
The idea of an income property to help supplement your retirement income is an option that appeals to many of us, especially those of us without pensions.
Some of our clients recognize that with the changing market this is also a great time to help their kids get into the market and at the same time invest in a pre-construction purchase.
Whatever your situation, many of us are re-evaluating our real estate options this summer. Whether we are making a change now or making a 5 or 10 year plan, it’s in our minds.
I have been surprised to hear that many of our clients did not know that we can help them with a pre-construction purchase and that it is in their best interests to have an independent sales agent representing them verses dealing with the builder’s representative.
We often have priority access with builders to new developments, both condo and houses and we can get our clients into suites and units that will never make it out to the public before they are sold.
We can advise on which unit to purchase to hold the best resale value so your investment pays off. For example, which upgrades to select and whether the parking and locker purchase options are worth it based on their size and location in the building and the additional maintenance fees attached to them. One thing to be aware of is you can never rely on the renderings, we can help you avoid the pitfalls if you are considering a pre-construction purchase, just make sure to call us first and don’t register through the builders site before you do.
Whether it be the slow down in the market or your life’s circumstances that have you thinking about real estate this summer talk to us, we are here to help so you can make an informed decision and consider all options.