studenttalking_2

Talking to Students | Chapter II – The Layout

By | Investment Property | No Comments

We now know where the students want to live, so let’s find out what kind of house they want to live in. Part two of this series focuses on the house layout. First, it is important to note that there are two different groups of student renters; the group of friends that are looking for a house together, and the individual students that are looking to rent a room in a house with other individual students. These two groups of students do have different priorities in the layout of the house, but both focus on three main areas; the living…

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twstore_reviewed_coho

TWStore Reviewed | Coho Village

By | New Construction | No Comments

COHO Village is a modern community of condo towns located at the gateway of historic Hespeler in the city of Cambridge. COHO offers you a relaxed and easygoing lifestyle that is down the street from the hustle and bustle of city life. The Village consists of approximately 182 impeccably designed – expertly built – townhomes and condominiums. To be rolled out in three phases, the first is our 40 unit stacked townhomes and bungalows. With its modern exterior and contemporary interiors, this building will be the first of its kind in the city. You can expect superior features and finishes…

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newhome_puzzle

The New Home Puzzle

By | New Construction | No Comments

Guelph’s New Build Market is on absolute fire! Every sort of buyer finds New Builds intriguing, from investors to downsizers and to first time buyers/families! People building their forever home love the thought of customizing their dream home where investors look at the potential dollar signs they will make with each continuing phase of the development! Everything sounds picture perfect, right??? Unfortunately, this isn’t the case. There are many hidden costs and fees associated with building your new home and it’s a huge problem when buyers are uneducated and unrepresented in this huge life decision! The Builder will give me…

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caprates

Understanding Cap Rate

By | Investment Property | No Comments

So your looking for an income property and your realtor says this to you: “The commercial property I’m going to show you is a 6-cap, where as this student rental is capping 8%, but will require more of your time.”  What are they actually talking about? Maybe cappuccino or something? No, unfortunately not! What your rather clever realtor is alluding to is the concept of Capitalization Rates or Cap Rates for short.  The former is a fairly intimidating term and may lead one to believe that many years of post secondary are a prerequisite to understanding this concept.  I’m here…

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westsidenumbers2

West-end Numbers Crunched – Semi-Detached

By | Buying | No Comments

When it comes to buying a home in Guelph, the West end is an often-overlooked area of the city. Occasionally I hear people that are foreign to the West claim they would never want to live here. However, if you ask any resident of the West end of Guelph, most often they will claim that they wouldn’t want to live anywhere else! It’s not like there are a lack of vital amenities, green space, community resources, or opportunities to live a comfortable and enjoyable life. In fact, I would say if you look at the amenities and infrastructure the West…

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studenttalking_1

Talking To Students – Chapter One | Location

By | Investment Property | No Comments

Wouldn’t it be nice if, as an investor in student properties, you could know exactly what a student looked for in a house? Well, with that goal in mind, I went straight to the source and asked the students themselves. I asked male students, female students, past students, present student, students from different universities and with all kinds of different majors, early year students as well as upper year students. Variety was the main goal here. The results were awesome! The students definitely had a lot to say about their search process and criteria. To make sense of things, I…

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tinyhouses_2

Love tiny houses – Chapter Deux

By | Buying | No Comments

There are questions every home buyer should ask themselves while they are looking at homes, but they are especially important when looking at tiny houses: How do I use my home? What is most important to me?  When you are considering buying a home with less than 900sqft there are going to be concessions. But when you decide what is most important you won’t feel as though you are compromising.  Chances are if you’re looking at a tiny home you will have already thought about downsizing your life at least a little bit, but have you thought about how you…

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6renos

Do the renos that really pay

By | Selling | No Comments

So you want to sell your Guelph home but you take a look around and see nothing but work and renos. You think to yourself,  ”Should I take a loss and sell it as is or should I do some renos??” Most people opt out when it comes to doing any work to their home but don’t realize that they are leaving thousands of dollars on the table by not doing simple, minor updates. Today’s buyers are looking for move in ready, I don’t want to lift a finger type of home, meaning buyer’s are willing to pay more and…

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westsidenumbers1

West-end Numbers Crunched – Townhomes

By | Investment Property | No Comments

The West-end of Guelph has always held a special place in my heart. It’s where I’ve lived most of my life, so naturally I favour this part of town, but from a real estate perspective I also believe the value in the West end can be unmatched compared to anywhere else in the city. Not everyone wants to live in the West, so for the people who do want to live here the home buying process can be much less competitive than other areas of the city and prices tend to be something more people can afford. Now if you’re…

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thinkfirst

Your real estate brain | Feel free to use it

By | Buying, Selling | One Comment

I’m not going to sugar-coat it: Buying a home in Guelph right now is tough—extremely tough. Resale inventory isn’t even close to meeting current buyer demands. Competition is fierce. And multiple offer situations have become the norm. Many buyers are waiving all conditions, throwing caution to the wind, and finding ways to rationalize their decisions to do so… and in MY honest opinion – to flat-out over-pay for property. In short: For sensible buyers and ethical Realtors, these are not easy times in real estate. Heading to what we used to call the negotiating table (but what is, today, more like…

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