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Is A Second Home The New Moneymaker?

Tuesday Apr 4th, 2017

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As investments go, real estate is either the smartest place in the world to stash your money or the stupidest thing you can do with it - depending on all kinds of things like location, pricing trends, interest rates, condition of the property, and how long you plan to be in it. But what about second homes? How do you know when buying a home for weekend use, vacations, or as a legacy property is a smart choice? "Buying a vacation home or investment property is a great way to expand your... [read more]

The Best Drought-Tolerant Plants To Keep Your Garden From Going Naked

Tuesday Apr 4th, 2017

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Drought got your garden feeling lonely? You don't have to go naked this summer. Xeriscaping with drought-tolerant plants can bring in color and texture without sucking down that precious water. Xeriscaping has been practiced in the southwest for years, but with several states now facing drought conditions and mandatory water restrictions—in addition to a growing desire to conserve natural resources—the practice has grown. If you're looking for ways to pack some... [read more]

Borrowed money led to a boom in pre-construction sales. It could become a problem

Wednesday Jan 31st, 2024

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Amidst the surge in real estate activity driven by historically low interest rates during the pandemic, particularly in the pre-construction market across Canada, a concerning trend has emerged. Doug Hoyes, an insolvency trustee at Hoyes, Michalos & Associates Inc., highlights a "double whammy" effect contributing to difficulties faced by an increasing number of homebuyers in finalizing their purchases. As interest rates, which were lowered to 0.25% by the Bank of Canada in... [read more]

How Important Is Square Footage?

Tuesday Apr 4th, 2017

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MLSs use it. Insurers use it. Appraisers use it. Tax Assessors use it. When it comes to real estate, there's no avoiding square footage as a measure of any home's value. But how much is square footage worth to you as a homebuyer? Knowing the square footage can be helpful, but it shouldn't be the main tool to determine your offer price. Square footage measurements aren't exact, nor are they taken the same way by every person. For example, your local tax assessor or... [read more]

How Older Homes Beat New Homes

Tuesday Apr 4th, 2017

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For a society that likes shiny new things, the latest research could foreshadow a surprising trend -- homebuyers choosing older homes over new construction. Why? The prices and operating costs can vary widely. In August 2014, the median sales price of new homes sold was $275,600, while the median price of older homes was $219,000. Taxes and insurance may cost less for an older home. People are often wowed when they go into a builder's model and see how beautiful it is. It has the... [read more]

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