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DUE DILEGANCE BEFORE BUYING A PRE-CONSTRUCTION CONDO

People buy pre-construction condos primarily for two reasons, the first being the appreciation potential as an investment and the second being the pleasure of living in a brand new home where there is no worry about potential fix-ups any time soon. However, before you go ahead and sign off on that new pre-construction condo, make sure that you have considered the seven tips below:

1. Research the builders
The very first thing you should do is a bit of research. You want to make sure that you have found a good reputable builder. Investing money in something that has not even been built yet is a big risk, since many things can go wrong, such as the time frame set to complete the project to the approach taken when unexpected problems come up along the way. Therefore, you want to focus on the reputation of the company.

2. Talk to experienced buyers
In addition to your research you should ask around other people who have bought a pre-construction condo, word-of mouth beats any marketing campaign. They will tell you about all things they have experienced from the good to the bad. Ask them specifically about the fees, connections and who they would recommend.

3. Check out the location
Take a look at the Mississauga real estate area you are interested in. Although you may not know what the actual area will look like until the building is completely finished you can get a pretty good idea by looking at the amenities nearby such as schools, shopping malls, public libraries and community centers.

4. Know your fees
Upon the purchase of your pre-construction condo, you will have to pay a 15 percent deposit of the whole amount and it is usually paid within the year of the purchase divided up into three installments. Upon the completion of the building you will have to pay pay closing costs such as land transfer tax, development and legal fees.

5. Study your floor plan and inspect your unit
Make sure that the floor plan meets your needs. At this point you can still make changes to it and upon signing the papers you have 10 days to pull out for free if you have had a change of heart.

6. Buy early
Buying early allows you to acquire the condo for a cheaper price. This is simple supply and demand at work, the more unit are sold the more expensive the remaining condos within the building will be.

7. Understand the risks
Understand that you can still lose your money even if you carefully select the perfect builder, location and floor plan, as there can always be unforeseen events that can cause the development to delay or shut down.

 
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5 Decorating Tips to Inspire Creativity

You finally got the courage to make some changes to your home after reading many interior design websites, blogs, hard cover magazines and perhaps you even bought a few books. However, your end result is not quite what you had in mind when you began the make-over. To gain better perspective about where you may have gone wrong, we will examine 6 ways to gain your decorating confidence and widen your horizons. If you are preparing your home for sale then you may get some additional advice from this Markham Realtor.

DON’T: Ignore your heart. If you really have your heart set on a certain pattern do not be afraid to try it out. Surly there is something that is attracting you to that design and there is always a way to work around it and incorporate it. However, you do want to start out small. The best way to test out your bold pattern is in a smaller space such as a powder room, if it appeals to you then you can employ it in other areas you had in mind.

DON’T: Follow trends religiously. If you constantly follow trends your rooms will lack in character since you will not have space to put in some of your own creativity. You should fill a room with all the classics that appeal to you, then incorporate a few trendy pieces that go in line with your own design aesthetic.

DON’T: Overcrowd your space. It is better to be selective. Unique simplicity is elegance. Figure out what pieces truly speak to you and work on making some of them stand out, this way the space is much more attractive than one that has too much of everything.

DON’T: Work without a plan. Before you begin the make-over make sure that you have a draft of the changes that you want to make. Designing without a plan is like making a cakes without a recipe, there is a slight chance that it will turn out amazing but 99% of the time it spells for disaster. To start your draft get some ideas from magazines, cut out photos, and make a list of your desired functions and a sketch of the floor plan.

DON’T: Speed up the process. Decorating is always exciting, but you do not want to turn all that excitement into a day’s work, as you will be disappointed the following day. Patience is the key, a certain collection takes

 
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Does A Buyer Need An Agent?

In today’s world it seems that the buyer has all the tools necessary to make an informed decision about which home to buy. However, despite all the advances in technology a buyer will be much better off if they do end up choosing to work with an agent.

With the rapid advancement in technology the buyer does not even need to leave their home to search for properties that they are interested in. Instead they can do this by the click of a mouse from the convenience of their own home. Most cities provide MLS data for free. But what many do not realize is that they are only getting partial or even outdated information. Aside from helping you search for a home, the agent such as this Caledon realtor can offer a lot more.

A qualified buyer’s agent will first take the time to figure out your wants and needs, and what is motivating your purchase. The agent has access to active listings and will make all sorts of suggestions to point you in the right direction. The agent will inform you about which homes are located inside good school districts, what are the lower taxed areas, and what areas provide accessible transportation and commute services. Due to the constraints of the market place and/or the buyer’s financial constraints, the agent will make additional home suggestions that the buyer may have not considered. The agent has a keen eye for detail and can spot potential that is not evident to the buyer. Aside from helping the buyer narrow down their home search the agent will also handle all the ins and outs of the negotiating process. The agent will prepare all the forms necessary when making an offer and if needed a counter offer. Moreover, the agent will provide oversight and follow up for any required inspections. The agent will also be there during the closing to make sure that all the interests of the buyer are protected. Lastly, the agent will counsel buyers regarding any repairs that are needed to fix up the property.

The buyer’s agent offers a lot more than simply helping the buyer find a home. The buyer can learn a lot from their agent in terms of; the locations they are targeting, the negotiation process, and ideas for future renovations.

 
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STAGING THE LIVING ROOM

Prior to selling the home many will wonder if it is better to leave their house as is or to completely empty it out. In most selling situations a home with furniture will do much better. However, the staging needs to be done right in order to close the deal.

There are many cases where vacant homes remain on the market for years, and after staging sell in a matter of weeks. With an empty house, the buyer will have a hard time visualizing themselves and their belongings in the home. Even larger spaces will not appear attractive since it is hard to see the possibilities. Structural designs such as curved shelving will look odd and non-practical as opposed to enhancing. In general a completely empty home will feel cold. Alternatively, simply adding a bunch of furniture and decorative pieces will not do. Instead one needs to pick out carefully what they will dispose of, what will remain and what other knick knacks will be added. Staging the living room is important as this is typically the first room that the buyer will see. You want to wow the buyer right at the entrance, remember people buy based on emotion not logic. Below are a few tips on prepping your home for sale in Brampton.

You do not want to have too many furniture pieces, especially if it is a smaller living room. Instead, leave the main furniture pieces, and store away the rest, or place them in the basement if you have space, at least during open house. Also if you have a small living room, consider smaller furniture. Arrange furniture pieces in vignettes, this allows the person to better visualize themselves in the home. For a more unique look arrange decorative pieces in odd groupings. Make sure not to block windows; you want the space to appear bright, making the room look more spacious. Adding mirrors will also enhance the space by creating depth and dimension. To liven up the place add plants and vibrant colors for accents (flowers, pillows, throws). Illuminate dark corners by purchasing a few lamps.

As a seller you have one chance to make an impression. The buyer needs to be amazed the minute they enter your home and a properly staged living room will definitely catch their attention. Furthermore, it is estimated that sellers who stage their home make 7%-10% more than an empty house. Therefor it pays to stage, not only will your home sell faster but you can also get more for it.

 
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2014 GTA CONDO MARKET OUTLOOK

The GTA condo market has had its ups and downs in the past few years. 2011 marked the year of record sales, while there was a dip in 2012 and 2013. As a result, 2014 looks more optimistic; developers predict a higher demand due to an increase in consumer confidence and spending. Furthermore, urban trends and shifting preferences are also contributing to a more prosperous year for the condo market.

Leading condominium developers such as: Tridel Corp., Canderel Residential Inc., Menkes Developments, CentreCourt Developments, and Lanterra Developments all have started or are planning major projects in the first half of 2014.  Following the condo market cycle, they have prepared for this for a while now; developers had slowed the number of projects in 2011 and 2012 due to slower sales. This caution and discipline from the development side has allowed the market to absorb the inventory paving the way for a much stronger market. Although, there are a few drawbacks in 2014 such as rising development fees and the municipal elections which will slow down the approval process supplementary government policy and urban trends are in fact pushing for a bigger condo sector.

The importance of condos and houses for sale in Toronto exists for several reasons: Government policy is directed towards up construction instead of out.  Over the last 35 years no rental housing has been constructed within the GTA, consequently without additional condos there would be a shortage in rental units. Correspondingly, 80, 000 new immigrants are expected to move into the GTA. Therefore, condos are also needed to maintain affordable home ownership options. Aside from government policy, individual preferences are also changing and are contributing to a greater demand for condos.

In today’s busy world people value time more than having a back yard. As a result many are opting for the condo.  Transportation is a major issue and many are choosing to work and live downtown. Condos are a lot cheaper than houses, there is a about a $200,000 spread. Furthermore, condos can be easily found in the center of downtown, close to subways, transit, and other amenities. The largest segment of the population continue to be first-time buyers in the $300,000 range, where as baby boomers dominate the luxury condo market.  Additionally, a new emerging segment is the single female buyer.

If you are debating about buying a condo due to future market conditions, you should be worry free, all indicators point to your condo being worth more tomorrow than it is today.

 
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About Mississauga

Mississauga is a city in the region of West Gwillimbury, Ontario, with a predominant agricultural activity. People here have an analytic and logical approach towards this subject.

 

The authorities in this small community are focused on a clear development plan that includes agriculture in the rest of economical activities. The fact that many other activities are possible in Mississauga leaded to a diverse community with all kinds of people, with different aspirations but also with a general state of happiness. The level of life and expectations of people here are high, so we could talk about one of the most developed agricultural communities in Canada.

 

The agriculture and other activities here allowed the community to develop. The center of Mississauga is a gathering place for many activities. Even if it was considered a rural community until a few decades ago, Mississauga became one of the most developed and important communities in Ontario. Today, many people want to live here because of the high level of life, which makes the real estates market one of the fastest paced markets in the country and homes for sale in Mississauga one of the top selling homes in Ontario. People want to live here, especially because of the low rate of unemployment, and because of the natural décor, which is perfect for raising a family.

 

Opportunities are created here by increasing the agricultural base, and by helping the small investors to obtain good results. Those would have not been possible without the help of the functional municipality, which gives the needed support for all those improvements. People are implied in decisions, so we could say that Mississauga is a community where people make those, instead of authorities, which creates a fully functional community that can’t be found in many other parts of the world. The perspectives are great here, and there is no wonder that real estates here are well seen, wanted and traded for good prices.

 
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General trends on the Georgetown Real Estate market

The real estate market in Georgetown is about the same as the one of Toronto. You probably know that Georgetown is one of the most wanted neighborhoods near Toronto, and the prices here are higher compared with the ones from other areas for real estates. The prices change weekly, according to the real estate bulletins, so when you establish a price with a partner for buying and selling, it is important to sign the transaction fast.

 

For example, if you see three houses listed for sale on the same street, you might want to wait for a while to see what happens with those. if the first one sells fast, it means that the area is popular, so you should bid for the second and third one. Bidding on several real estates is not so fair, as if both owners accept your price; you will have to refuse one of them. on the other hand, the sellers also negotiate with several potential buyers at the same time, so you can’t say that you are doing something illegal.

 

Comparing is a good method for sellers to establish the fair price of their homes. If you see a house for sale in Georgetown, pretend that you are interested to buy. You can even visit the respective house, to compare it with yours. This way, you will be able to set a fair price for your home, with the required differences, of course.

 

There are no sure things in real estates, so you will need a good plan to make sure that you find what you need. Each buyer and seller has a strategy, a plan, and especially an estimated selling price or budget. The key to find equilibrium is the real estate agent, which has the goal of attaining equilibrium between the asked price and the offer.

 
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Welcome to the city of Bowmanville, the heart of Durham

Bowmanville is a municipality situated in the York Region that has about 300 000 people, as counted during the 2011 census. It is one of the fastest growing cities in Canada, as this was doubled since 1991. it is now a part of the Greater Toronto Area, and one of the “youngest” cities in the world. 25% of people living here are aged under 14, and only 8% of the Bowmanville citizens are aged over 65, with an average age for all groups of 35 years old.

 

Bowmanville is predominantly an Italian city. There are also people from other parts of Europe that settled here, especially from Eastern Europe. There are a lot of popular trades and professions but most of the immigrants who look for investments in real estate try to get a license and become Bowmanville realtor themselves. Moreover, the Muslim community has grown in importance and you will find a lot of interest in real estae investments from this population as well. There is even a small community of Irish and English people, which makes this city one of the most cosmopolitan in the world. unlike other parts of the world where people of different nationalities and religions can’t live in peace, the high level of life and the fact that unemployment is close to zero makes this place a peaceful city, with a low criminality level.

 

Bowmanville is a tourist city, just like many other in the region of York. Tourists can visit the Boyd Conservation Area, which is situated close to the city, but in Bowmanville, there are several other interesting attractions. The Canadian Soccer Hall of Fame and Museum is perfect for the fans of this sport. Soccer is a popular game here, especially because of the European immigrants. The Wonderland of Canada is the largest amusement park in Canada, and it is one of the reasons why this city grew so fast in less than two decades. With so many reasons for people to live there, there is no wonder that the real estate market is as busy as possible, especially because of the new neighborhoods built by local developers.

 

 
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The importance of inspections in Oshawa

The majority of houses in Oshawa are new residential homes built during the latest years by major developers, but there are also the old houses that might have some serious problems. In any case, you will probably need an evaluation for your house, and finding a good home inspector is important.

 

The majority of house inspectors in Ontario are self-regulated, which probably means that they are not regulated at all. Any person with a ruler and some tools could be a home inspector. It is true that the official regulators try to do something about this, but the laws and regulations of different municipalities make it hard for those organizations to impose their will. For this reason, the prices asked by home inspectors vary greatly. In the region of Ontario, the average price asked by an inspector is 500$, but if you are looking at Durham region and interested in houses for sale in Oshawa, you might find inspectors that charge 750$ and even more.

 

The home inspectors are ex-handymen that decided to try something new, or unemployed people that had nothing else to do. In any case, based on the conclusions of those more-or-less inspectors, the prices of real estate vary greatly.

 

The problem with home inspectors is that they can’t be accused legally of malpractice. If a home inspector says that nothing is wrong with a house, and you buy it, just to discover that you need to repair the entire basement, you will be entitled to ask the 700$ that you have paid for the inspection back, but what about the 20 000$ that you need to pay to renovate the house? As said before, there is no rule against home inspectors, so it is better to pay more, to find an experienced and professional inspector, preferably recommended by somebody you know, which would save you time and money later.

 

 
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Find a good realtor in Pickering, Ontario

If you need to buy a home in Pickering and the traditional area of the city, where the old houses were built, is your favorite, we recommend you patience. Besides the fact that those are old houses, they also have a high price, just because they are known and recognized by anyone in the city. However, just because you have found a good house with a good price, you don’t have to rush to sign the contract, as you need to establish some things before.

 

The home inspection might reveal some unknown and unwanted surprises, which might ruin your “appetite” for buying. Especially in the case of the old houses from the old town, you will probably need to repair the roof, or to change it completely. This is why home inspection is not an option, it is mandatory. Anyway, if you want to buy the house with a mortgage, the bank will impose a home inspection, and you will need to pay for it. Even if you have a pre-approved mortgage, the bank will not let you buy any home that comes in your way. Moreover, in the case of old houses, besides the potential expenses with renovation, you will need to pay bigger insurance rates, so keep that in mind when you make your calculations befores starting to look for homes for sale in Pickering and real estate becomes a burden that you can’t handle.

 

As a first time buyer, you will probably be overwhelmed by the number of operations, documents and problems that you encounter, and a real estate agent is recommended. Don’t choose to work with the agent that represents the seller, as he will work in your disadvantage, trying to get a bigger price for the real estate. The best idea is to find a buyer’s real estate agent, which will work in your interest, trying to find you a home that suits your needs and budget.

 

 
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