Real Estate Blog - property value

Explore the Neighbourhood Before You Buy

The quality of the surrounding community is a significant factor in determining whether you will be happy in your new home. While choosing a neighbourhood and forming an accurate impression of it is tough until you actually live there, preliminary research on the area can reduce the likelihood of suffering from buyer’s remorse down the road. So, how can you ensure that you’re well-informed? Here are five strategies for investigating a neighbourhood before you buy.

Choosing a Neighbourhood: Journey of Discovery

To determine whether the area is ideal for you, it is best to pay multiple visits. Listen for things like planes, trains and automobiles as you wander the neighbourhood. Living near places that frequently generate…

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What Reno Gives the Best ROI?

Will the carpet in my bathroom increase or decrease my property value? Let’s just say if you’ve asked that question then you’re in the right place to find out what’s relevant in the current Canadian real estate market, whether you’re browsing, buying, or selling.

RE/MAX® has been around since carpeting in bathrooms (please, no!) was a thing. Our 50 years of experience has taught us a thing or two about Canadian real estate. Don’t worry if you can’t keep up with everything there is to know about home-buying, selling and staging a property. That’s why we’re here – to clarify all your questions. And you can be sure that there are many, many questions.

So, How Much do People Really Know About Canadian Real Estate?

RE/MAX…

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Getting a Home Appraisal? Here’s What You Should Know

Have you ever wondered how much your property’s value has changed since you purchased it? Home appraisals can play a big role. Let’s break down the appraisal process—what it means, when it happens, and other important factors you need to know.

What is a home appraisal?

An appraisal is an process to determine how much money a property is worth. It sounds simple in theory, but a lot goes into determining the appraised value of a piece of real estate. 

Valid appraisals must be conducted by a licensed appraiser—a third-party professional who’s  unbiased towards the sale. Appraisers are required to hold a license in New Brunswick and Nova Scotia, but other provinces may have different requirements. Typically, they’re ordered by…

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Home Renovations That Could Be Worth Doing Before Selling

When the time comes to sell your home, an obvious question arises—should I do renovations before I sell? While on the surface it may seem like renos could increase the value of your property, there are a handful of factors to consider before jumping in.

 First, find and choose a REALTOR©  for guidance on how the market is performing in your area. Next up, decide on your target market. Are you looking for a buyer who wants a move-in ready place? Or someone searching for a fixer upper? What’s your time frame to sell? These questions will help determine the scale and size of any potential renovation.

 Anthony Lance, REALTOR® and sales representative with Right at Home Realty Inc. in Toronto, Ontario, says, “whether you’d like to sell your home with…

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What to Expect When Adding a Swimming Pool to Your Home

The pandemic prompted a renewed focus on relaxation and recreation at home, making luxuries such as a large backyard, nice deck and a swimming pool highly sought-after on the real estate market. These outdoor features turn your home into a summer oasis during the warmer months. While there’s nothing wrong with wanting to make additions to your home, it is essential to consider the pros and cons of adding an expensive luxury item, like a pool. Below, we will go over the ups and downs of adding a swimming pool to your home and how it may affect the property’s resale value.

Key Factors to Consider When Adding a Swimming Pool to Your Home

Adding a swimming pool to your home indeed has its benefits. However, these benefits are…

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