Real Estate Blog - location

The Impact of Location on Property Value

When buying or investing in property, many factors come into play. One of the most critical factors that can significantly affect the value of a property is its location. The location of a property plays a crucial role in determining its price, market demand, and overall value. In this article, we will explore the impact of location on property value and why it matters.

Accessibility to Amenities

A property's proximity to amenities such as schools, hospitals, shopping centers, and public transportation can significantly impact the property's value. Properties located in areas with easy access to amenities tend to have higher demand and, as such - higher prices. People are willing to pay more for properties that offer convenience and…

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The ABCs of Homebuying: Needs, Wants, and Finding Your Perfect Match

In the intricate world of homebuying, the distinction between needs and wants plays a pivotal role in finding your dream residence. Understanding the fundamental elements that form the core of your new dwelling versus the desirable extras can significantly impact your homebuying journey. This article aims to give an understanding into the crucial aspects of homebuying needs versus wants, highlighting the importance of striking a balance for a truly flourishing homeownership experience.

Defining Homebuying Needs

When embarking on the journey of purchasing a home, it's essential to identify your needs. These are the non-negotiable aspects that form the foundation of your new residence.

Location and Accessibility

The significance of location…

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Scaling Back, Living Large: Your Ultimate Downsizing Handbook

Are you feeling a bit like your house has more space than you need? Perhaps you're looking at that empty nest and thinking, "Do I really need all this space?" If so, you might be considering downsizing. Downsizing doesn't mean sacrificing comfort; rather, it's about finding a home that fits your current lifestyle like a glove.

Why Downsizing?

Financial Liberation

Downsizing isn’t just about space; it's also about your wallet. Smaller homes often come with smaller price tags, which can mean a significant financial windfall. Downsizing not only saves on mortgage payments but also reduces utility bills and maintenance costs, leading to increased financial flexibility.

Simplified Lifestyle

Let’s face it, a smaller space can be easier to…

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The Impact of Tourism on St. John's Real Estate Market: Vacation Rental Potential

St. John's, with its rich history, vibrant culture, and stunning natural landscapes, has become an attractive destination for tourists from around the world. The growing tourism industry in St. John's has not only had a positive impact on the local economy but also on the real estate market. In this article, we will explore the influence of tourism on the St. John's real estate market, specifically focusing on the vacation rental potential.

Fort Amherst Lighthouse, St. John's

Tourism Boom in St. John's

St. John's has experienced a significant increase in tourism over the years, attracting visitors who are drawn to its scenic beauty, historical sites, cultural events, and outdoor activities. The city's picturesque downtown core, vibrant arts…

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Investing in Real Estate: A Beginner's Guide

Welcome to our beginner's guide on investing in real estate. Real estate has long been considered a lucrative investment option, providing both financial stability and potential for substantial returns. Whether you're looking to diversify your portfolio, generate passive income, or build long-term wealth, real estate investment can be a rewarding endeavor. In this guide, we'll walk you through the fundamentals of investing in real estate and provide valuable insights to help you get started on the right foot.

Why Real Estate Investment?

Investing in real estate offers several advantages that make it an attractive option for beginners. Unlike other investment avenues, such as stocks or bonds, real estate provides tangible assets that you have…

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Your Guide to Homebuying: Common Questions and Helpful Tips

Buying a home can be an exciting yet overwhelming experience, especially for first-time homebuyers. With so many decisions to make and factors to consider, it's easy to feel lost in the process. Let's take a look at some of the top questions that homebuyers ask and what they are searching for when it comes to buying real estate.

How much can I afford?

Your budget is determined by several factors, including your income, expenses, debt-to-income ratio, credit score, and down payment. Here's a closer look at each of these factors and how they can affect your budget:

• Income: This takes into account your monthly income and expenses to determine how much of your income can go toward your mortgage payment.
• Expenses: Including things like car…

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Homeowner Checklist! [INFOGRAPHIC]

1. Figure out how much you can afford to spend on a home, including mortgage payments, property taxes, and insurance.

2. This will give you an idea of how much you can borrow and help you narrow down your search for a home.

3. A good agent can help you find the right home, negotiate the price, and guide you through the buying process.

4. Consider factors such as proximity to work, schools, and amenities, as well as the overall safety and desirability of the neighborhood.

5. Before closing the deal, have a professional inspector examine the property to ensure there are no major issues that could cost you later on.

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Winter in Newfoundland

Newfoundland, Canada is known for its rugged natural beauty, friendly locals, and unique culture. It's also famous for its winters, which can be harsh but breathtakingly beautiful. In this post, we'll explore what it's like to experience winter in Newfoundland.

Snow, snow, and more snow

If you're not a fan of snow, Newfoundland's winters might not be for you. The province sees an average of 275 centimeters (over 9 feet) of snow each year, with some areas receiving even more. This snowfall is due in part to the province's location in the North Atlantic, which makes it a prime target for snowstorms.

But while the snow can be a nuisance for drivers and shovelers, it also transforms the landscape into a winter wonderland. The rolling hills and…

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4 Things to Know Before You Start Growing Your Own Food

You may remember from your childhood, watching adults in your neighbourhood or at friends’ houses working in their garden. It may have been a hobby or a necessity to feed the family. Regardless of the reason, growing your own food in a garden is a great way to save money at the grocery store, and it is not difficult to start. With a few pointers, you can be on your way to growing your own food better than anything you’ll find in the stores!

1. Your Garden Can Be Any Size That is Practical

Whether you live in a suburban house, on an acreage, or in an apartment, there are plenty of options to get started growing food. You don’t want to go all in and create a huge garden right off the bat. The trick is to start small and…

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How Priorities for Canadian Renters Have Changed

There’s no doubt Canada’s real estate market has been in flux since the beginning of the COVID-19 pandemic, from home buyers migrating to outer-city areas, to soaring demand and prices across the nation. 

While the homeownership landscape has transformed, the Canadian rental market has seen its fair share of changes too, including the shifting preferences and priorities of tenants. Whether its location, unit size, or rental prices, those looking to lease have adjusted their needs and wants based on current market conditions.

Conrad Rygier, a Toronto-based broker and REALTOR® with Right at Home Realty Inc, tells us more about how priorities for Canadian renters have changed as of late.

What has happened with Canada’s…

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