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parks near real estate in comox valley

Comox Valley REALTORS® Discuss Future Parks & Transit!

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The Comox Valley Region District (CVRD) is about to undergo several changes. Currently, the CVRD is working through the final stage of the regional parks and trails strategic plan process. This will shape how the CVRD manages and invests in parklands over the next 20 years. Beyond changes to the governance of parks and trails, the Comox Valley Regional Transit System (CVRTS) is also about to see changes in its fares and legacy payment system. If you are a homeowner or a curious investor, follow along below as your Comox Valley REALTORS® unpack the changes to come in the Valley. We will also explore how these shifts might impact property values, development opportunities, and overall livability in the region.

Comox Valley REALTORS® Urge Citizens to Engage With New Parks Plan

parks and transit real estate in comox valley

The Comox Valley Regional District’s (CVRD) new Regional Parks and Trails Strategic Plan is poised to influence not just the area’s environmental landscape but also its real estate market. With the plan set to shape park management and investment for the next 20 years, homeowners and investors should consider how these changes might impact property values and development opportunities. Proximity to green spaces is a well-known driver of real estate prices, often boosting the assessed value and desirability. New or expanded parks could increase the demand for homes near these areas, making them more attractive to buyers.

The plan also addresses how to balance conservation with recreational use, which could appeal to environmentally-conscious buyers. As the Comox Valley continues to grow, the preservation of greenways and natural areas will likely play a crucial role in maintaining the region’s livability. 

Homeowners have a unique opportunity to voice their opinions on the final phase of this strategic plan. The CVRD is inviting feedback from the community until October 15, 2024, through an online comment form. This is a key moment for property owners to weigh in on how the region’s parks and trails will be shaped, potentially influencing the future development of their neighbourhoods.

It is important to note that this plan does not focus on existing trails or parks that are currently managed by the province or community. Instead, it focuses on bridging the gap between provincial and community parklands.

The CVRD has already consulted with the K’ómoks First Nation, community members, and interest groups in the earlier phases of the plan. However, the current feedback phase allows individual homeowners to express their thoughts on conservation, recreation, and how parklands should be distributed across the region. To learn more or to provide input, homeowners can visit engagecomoxvalley.ca/RegionalParksPlan.

What You Should Know About Fare Changes to the CVRTS

Starting on October 1, 2024, the Comox Valley Regional Transit System (CVRTS) will transition to a new fare system. This will replace legacy passes with Umo-enabled alternatives. BC Transit’s shift could have a direct impact on the local real estate market.

For homeowners in the Comox Valley, this change represents a modernization of the local transit system. This change could enhance property values, particularly in neighbourhoods near major transit routes. Reliable and accessible public transportation is often a key factor for homebuyers, especially for those looking to reduce their reliance on personal vehicles. The Umo system offers greater flexibility by allowing users to choose between a mobile app or a reloadable card, making transit more convenient for a broader range of residents, from students to seniors.

For those considering selling their homes, this could be an important selling point. Improved transit access through the user-friendly Umo system could appeal to buyers looking for a more commuter-friendly lifestyle. Additionally, the integration of cashless payments may attract younger buyers who prefer digital solutions.

Homeowners should also be aware of how this transition will affect them personally. If you or members of your household use public transit, you will need to switch to the Umo app or card before October 1, 2024. Legacy passes will be phased out, though cash payments will still be accepted. HandyDART services, however, will continue to sell legacy tickets and passes without changes.

As public transportation continues to evolve, it’s important to stay informed about these changes, especially if you’re a homeowner interested in how they could influence both convenience and property value in the Comox Valley. To learn more, visit bctransit.com/comox-valley/fares.

Contact us Today!

Understanding how local and regional changes affect property values is important as a buyer or seller! If you are curious about moving forward with your real estate goals, we encourage you to contact Comox Valley REALTORS®! Moreover, if you have any questions about mortgages, be sure to reach out to us! We are excited to get your homebuying dreams on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

waterfront communities in comox valley bc

Best Comox Valley Waterfront Communities to Find Homes for Sale

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Tucked away on the eastern coast of Vancouver Island, the Comox Valley is a known destination for those seeking a coastal lifestyle. The valley offers an extensive number of waterfront communities that cater to different tastes and preferences. This region is renowned for its breathtaking west coast landscapes, where the mountains meet the sea. If you’re looking for a rural and serene experience on Vancouver Island, the Comox Valley is an ideal place to settle. Whether you’re drawn to the historic charm of Royston, where the area’s rich logging history is still palpable, or the tranquil, sandy shores of Kye Bay, each waterfront community in the Comox Valley has its appeal. In this article, we will be taking a closer look at some of the region’s most loved waterfront communities. Follow along below to learn more!

Why Live in Comox Valley Waterfront Communities?

Living in a waterfront community offers an unmatched balance of tranquillity and a close connection to nature. The appeal of waterfront living extends beyond just the scenic views and relaxing ambiance. While we’ve written extensively about living near the waterfront, let’s do a quick recap on the advantages of investing in real estate close to the water.

Waterfront properties provide breathtaking views and a constant, soothing presence of water, whether it’s an ocean, lake, or river. This proximity to water not only enhances your quality of life but also offers opportunities for recreational activities. Imagine spending your weekends boating, fishing, kayaking, or simply strolling along the shore. Activities such as these become an integral part of daily life in a waterfront community.

Additionally, waterfront living often fosters a strong sense of community. Many waterfront areas are close-knit, with residents who share a common appreciation for the natural surroundings. This can lead to a friendly neighbourhood atmosphere, where local events and gatherings centred around the water create opportunities for social interaction.

The natural beauty and serenity of waterfront communities also contribute to a healthier lifestyle. The proximity to water encourages outdoor activities and offers numerous options for exercise. For instance, swimming, paddleboarding, and scenic walks. Moreover, being near water has been shown to reduce stress and enhance overall well-being.

In terms of investment, waterfront properties typically hold their value well and can be a wise financial choice. The demand for homes with water views remains strong, making them a desirable asset. If you’re curious to learn more about investing in waterfront properties, check out our past blog post: “Reasons to Invest in Waterfront Properties in the Comox Valley”.

The Best Waterfront Communities in the Comox Valley

  1. Royston

Located just south of Comox, this seaside village offers a peaceful, laid-back lifestyle with the convenience of being close to larger towns and essential services. Royston’s rich history as a major port for the logging industry in the early 1900s adds character to the community. The remnants of the breakwater, built from old Canadian warships and freighters, still visible in the harbor, are a testament to the town’s historical significance.

With easy access to both the ocean and the nearby Comox Lake, residents can enjoy a variety of outdoor activities, from kayaking and fishing to hiking and wildlife viewing. Despite its rural feel, Royston is well-connected, with transportation links including bus, car, ferry, and air services, making it easy to travel within the Comox Valley or further afield.

  1. Kye Bay/Cape Lazo

Kye Bay and Cape Lazo are located just north of Comox in the Comox Valley. This area is known particularly for its waterfront homes and relaxed small-town feel. The community has several sandy beaches, perfect for swimming, paddle sports or beachcombing. Real estate in Kye Bay and Cape Lazo primarily consists of single-family homes, with many properties offering direct access to the beach or panoramic ocean views. The area has a mix of both seasonal cottages and year-round residences. Given its oceanfront setting and appeal to those seeking a coastal lifestyle, real estate in Kye Bay and Cape Lazo is considered a sound investment.

  1. Union Bay

For a true small-town, coastal experience, Union Bay is the place to be. This historic coal port town is evolving, with new developments adding to its appeal. Homes here offer panoramic views of Baynes Sound, Denman Island, and the mountains. It’s an ideal spot for those seeking a quieter lifestyle.

Contact us About Homes for Sale Comox Valley BC!

Now is the time to get a move on your fall 2024 goals in real estate! If you are curious about buying or selling homes for sale Comox Valley BC, we encourage you to contact us today! Moreover, if you have any questions about mortgages, be sure to reach out to us! We are excited to get your homebuying dreams on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! Our Comox Valley, real estate agents look forward to working with you.

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Understanding the Impact of Extreme Heat on British Columbia’s Real Estate: A Focus on Comox Valley

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British Columbia is no stranger to nature’s extremes, but recent years have seen unprecedented heatwaves that have left residents and experts alike questioning the future. Among the regions affected, Comox Valley stands out, not just for its scenic beauty and vibrant community, but also for how its real estate market is evolving in response to these climatic changes. This article explores the interplay between extreme heat and the real estate landscape in Comox Valley, offering insights for potential buyers and investors.

The Rising Heat: A New Normal for British Columbia

British Columbia’s weather patterns have shifted dramatically, with heatwaves becoming more frequent and intense. The summer of 2021 was a stark reminder, as temperatures soared to record-breaking highs, affecting the environment, economy, and daily life. These heatwaves are not isolated incidents but part of a larger trend linked to global climate change. The implications are vast, from health risks to infrastructure stress, and they inevitably ripple through the housing market.

Comox Valley: A Jewel Under the Sun

Nestled on the eastern coast of Vancouver Island, Comox Valley is renowned for its picturesque landscapes, outdoor activities, and a strong sense of community. Traditionally, the valley has enjoyed a temperate climate, making it a desirable place to live. However, the area’s real estate market is experiencing notable shifts as extreme heat becomes more common.

Climate’s Influence on Real Estate in Comox Valley

  1. Demand for Climate-Resilient Homes:
    Homebuyers are increasingly prioritizing climate resilience in their search criteria. Properties with features like energy-efficient cooling systems, high-quality insulation, and heat-resistant landscaping are in higher demand. Builders and developers in Comox Valley are responding by incorporating these elements into new construction developments, making them more attractive to environmentally conscious buyers.
  2. Shift in Buyer Demographics:
    The extreme heat is influencing demographic trends in Comox Valley’s real estate market. Retirees, who have traditionally flocked to the region for its mild climate, are now more cautious. Meanwhile, younger families and professionals, who can adapt more easily to changing conditions, are becoming a more prominent buyer demographic.
  3. Insurance and Maintenance Costs:
    As temperatures rise, so do the associated costs of homeownership. Increased utility bills for air conditioning, higher insurance premiums due to the risk of heat-related damage, and the need for regular maintenance to combat the effects of extreme weather all contribute to the overall cost of living. Prospective buyers need to factor these considerations into their decisions.
  4. Value of Outdoor Spaces:
    Outdoor living spaces have always been a selling point in Comox Valley, but their value has surged amid the changing climate. Properties featuring shaded gardens, covered patios, and swimming pools are seeing increased interest. These features not only provide comfort but also enhance the property’s appeal and market value.

How Royal LePage REALTORS® Are Adapting to the New Reality of Extreme Heat

For real estate agents and brokers at Royal LePage in the Comox Valley, understanding and addressing the implications of extreme heat is crucial.

Here are some strategies we employ to help our buyers and sellers:

  1. Educating Clients:
    Informing potential buyers and sellers about the impacts of extreme heat on properties can build trust and credibility. Providing data on energy-efficient homes, climate resilience measures, and cost implications can help our clients make better, more informed decisions.
  2. Highlighting Resilient Properties:
    Emphasize listings that feature climate-resilient designs and technologies. Use marketing materials to showcase how these homes are equipped to handle extreme heat, thus offering long-term value and comfort to buyers.
  3. Encouraging Sustainable Practices:
    Advocate for sustainable living practices among homeowners. Simple steps like installing solar panels, using drought-resistant plants in landscaping, and upgrading to energy-efficient appliances can make a significant difference in mitigating the effects of extreme heat.
  4. Staying Informed:
    Keep abreast of the latest research and trends in climate change and its impact on real estate. Being knowledgeable allows our agents to better serve their clients and adapt to the evolving real estate market landscape.

Looking Ahead: A Balanced Perspective on Extreme Heat

While extreme heat presents challenges, it also offers opportunities for innovation and growth in Comox Valley’s real estate market. By focusing on sustainability, resilience, and education, the community can adapt to the changing climate while maintaining its appeal as a desirable place to live.

For potential buyers, now is the time to invest in properties that not only meet current needs but are also equipped to handle future climatic shifts. For sellers and real estate professionals, highlighting the features and benefits of climate-resilient homes can set them apart in a competitive market.

The intersection of extreme heat and real estate in Comox Valley underscores the importance of forward-thinking and adaptability. As the climate continues to evolve, so too must our approach to living and thriving in this beautiful region. With the right strategies and mindset, Comox Valley can continue to be a vibrant, sustainable community for years to come.

If you’re looking for a REALTOR® who can help you with climate-minded real estate in Comox Valley then get in touch with us today!

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2024 Trends for Properties for Sale in Comox Valley

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Happy New Year everyone! If you’re planning on buying or selling properties in Comox Valley in 2024, there is a lot to know. Tucked away on the eastern coast of Vancouver Island, Comox Valley is a hidden gem in the real estate landscape. With jaw-dropping West Coast views and a vibrant cultural scene, you won’t find real estate like this anywhere else.

In this post, we will be delving into some of the forecasted Canadian real estate trends that could impact this year’s market in Comox Valley, BC.

Follow along below to learn more about what to expect as a buyer or seller in 2024!

Canadian Trends in Real Estate for 2024

Canada has experienced a rocky few years in the real estate sector. With interest rates at an all-time high and increased demand for housing, finding a home has been a challenge for many Canadians. Especially, for those in provinces like British Columbia where the cost of living is above the national average. However, despite these conditions, the real estate market is anticipated to return to a new normal this year. 

According to a report by Royal LePage, the Canadian housing market will see a 5.5% year-over-year increase in the aggregate price of homes by the end of 2024. This will result in a national average home price of $843,684. Royal LePage’s findings also suggest that home prices will return to pandemic peaks by the end of the year. The biggest change in 2024, is said to be Canadians’ acceptance of new interest rates. In the past, buyers and sellers have been eagerly waiting for interest rates to lower so that they could re-enter the market. However, this year, experts are predicting that a “great adjustment” will occur as more Canadians come to terms with mid-single-digit borrowing costs. 

Royal LePage predicts that the adjustment won’t begin until the second half of the year. This also happens to align with their estimate that the Bank of Canada won’t begin to cut interest rates until the late summer or fall. Despite this, many lenders are already offering discounted fixed-rate mortgages. 

Major markets near Comox Valley like Nanaimo and Victoria are forecasted to be in a buyer’s market for the majority of 2024. Entry-level home prices in these areas are expected to be between $750,000 to $850,000. Additionally, single-detached homes will be the most sought-after housing type in these cities. 

How Will This Year’s Trends Impact Properties for Sale in Comox Valley?

comox valley real estate 2024 outlook

If you’re a buyer or seller in Comox Valley, you may be wondering how the Canadian market trends will impact properties in your area. For first-time buyers, the new normal may present favourable conditions to enter the market. Especially, if you’ve planned and have accumulated enough savings. Anticipated adjustments in the latter half of the year, may bring affordability and improved access. Thus, making it a potentially favourable time for buyers to make a purchase.

As 2024 unfolds, buyers might find it in their interest to consider a fixed-rate mortgage. With many lenders already offering discounted rates, a fixed mortgage could provide increased stability and predictability in mortgage payments. 

For sellers, it will be important to understand buyer preferences and price listings strategically. This year on Vancouver Island, many buyers will be looking for single-family detached homes. Those with properties that fit under this label could benefit from tactically pricing their property to capitalize on this trend. 

Moreover, since housing prices are projected to rebound to peak pandemic levels, sellers may have an advantage in pricing their properties competitively. However, it is important to talk with your agent or a real estate professional about the price of your property before listing. Too high of a price could deter buyers and cause your home to go stale on the market. Be sure to do your research and consult an expert to ensure the best possible ROI for your property!

Contact us Today!

2024 is going to be a big year for real estate in Canada! If you are curious about buying or selling properties for sale in Comox Valley this year, we encourage you to contact us today! Moreover, if you have any questions about properties in the area, be sure to reach out to us! We are excited to get your new year’s real estate goals on track.

A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you this year!

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2023 Blog Rewind on Homes For Sale in Comox Valley

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To mark the end of 2023, we will be continuing our tradition of writing a year-end recap on all of our blog articles from the year. By reading what we’ve written below, you’ll get a chance to catch up on any missed content from the past twelve months. From January to November, we have written numerous real estate articles to ensure your preparedness. Be sure to view the full posts by clicking the article titles in the summaries if you haven’t already. 

Winter and Spring Recap

moving to comox valley in bc royal lepage

Jan – Why Invest in a House for Sale in Comox?

Buying a house for sale in Comox can provide you with a new sense of pride, freedom, and stability. In this post, we listed a few of our top reasons to invest in a house for sale in Comox. Check it out!

Feb – When is the Right Time to Buy a Home in Comox Valley?

2022 was a rocky year for homeowners and real estate professionals alike. And, if you were wondering how 2023 was going to pan out, our blog was a great place to start. In this article, we took a closer look at housing trends in Comox Valley, and more generally, Vancouver Island. 

Mar – Safety Tips When Moving into a House in Comox Valley 

As you work towards unpacking your belongings and getting used to your new home, there are a few things you should keep in mind. The most important being safety and security. Although Comox is relatively crime-free, the advice we provided here was to ensure that your new home remained safe and secure. 

Apr –  How to Maintain Your Comox Valley Home’s Value?

Purchasing a home in the Comox Valley is a big investment. To maintain the value of their home, homeowners must be prepared to do a lot of upkeep. In this blog post, we went over our top tips on how to ensure your home is profitable when it comes time to sell. 

May – How to Maximize Space in Comox Valley Real Estate For Sale?

As more and more people occupy urban homes, space has become a rare commodity. Especially, since many homeowners are downsizing due to the high cost of living. In this article, we discussed the various ways in which you can get smarter with space. 

Summer and Fall Recap of Homes For Sale in Comox Valley

comox condos for sale

June – Advantages of Adding a Laneway Home to a Comox Valley Property For Sale!

A laneway home, also known as a carriage house, accessory dwelling unit (ADU) or garden suite, is a small home that’s built on an existing home’s property. In this article, we wrote about the advantages of why you should build a laneway home. 

July – Property for Sale in Comox Valley – Things That Fail a Home Inspection

One way that buyers gauge the value of a potential home is by getting a home inspection. In this article, we went over some of the most common things that fail a home inspection.

Aug – How to Maintain the Value of Real Estate in the Comox Valley?

Homeowners must take the time to protect their investments. When it comes to real estate, this means keeping things clean, making necessary updates, and doing regular maintenance. In this post, you’ll find a list of tips to help you out. 

Sept – How to Add Value to Condos in the Comox Valley?

Home renovations are a great way to add value to your property. However, you must choose the right upgrades for your space. In this post, we discussed everything you need to know about renovating condos in the Comox Valley. 

Oct – Are You Ready to Buy a House in the Comox Valley?

If you’ve been renting for the last little while, you might be wondering when is the best time to buy. To help you out, we listed some reasons that you’re ready to own a house in the Comox Valley.

Nov – How to Make Comox Valley Houses More Sustainable

Reducing your home’s impact on the environment is a great way to take action and preserve the Comox Valley landscape. Check out our home sustainability tips in this post!

Contact us Today!

Thank you to everyone who tuned into our blog this year! If you are curious about buying or selling homes for sale in Comox Valley in the new year, we encourage you to contact us today! Moreover, if you have any questions about properties in the area, be sure to reach out to us! We are excited to get your new year’s real estate goals on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next year for more real estate-related content! We look forward to working with you soon.

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How to Make Comox Valley Houses More Sustainable

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Reducing your home’s impact on the environment is a great way to take action and preserve the Comox Valley landscape. Building a greener and more eco-friendly town is an integral part of reducing our carbon footprints. By making small changes to our homes, we can save both money and the surrounding ecosystems. Many of the improvements we are going to discuss in this post can be done at little or no cost and take very minimal effort/time. In addition to these, we are going to list a few larger improvements that will require a higher upfront investment, but equate to greater long-term savings. Follow along below to discover the ways that you can make your Comox Valley houses more sustainable!

Budget-Friendly Ways to Make Comox Valley Houses Eco-Friendly

  1. Limit & Properly Dispose of Waste

Limiting and properly disposing of waste is a great way to start improving your household’s sustainability. It’s also a hands-on way to educate kids about the importance of local waste management. Consider creating an area in your home that is dedicated to the separation of waste. This could be under your kitchen sink, in the garage, or in another convenient location. Make sure you have the appropriate recycling bins (glass, plastic, paper/cardboard), waste bins, and compost bins. Happy separating!

  1. Research Rebates

The initial cost of making big changes to your home like adding solar or investing in energy-efficient appliances can be expensive. Because of this, the government sometimes incentivizes these sorts of projects by offering rebates to help with the initial cost. Doing some research to see if you can get money for making a sustainable upgrade is a great step in the right direction! 

  1. Xeriscape Your Home

The landscaping in our yards is often centred around a lush, green lawn. While lawns are appealing and good for playing with children, they are detrimental to the environment. Grass requires an incredible amount of water and care in order for it to remain a vibrant green. And, in Comox Valley, water restrictions usually dictate that our lawns will be beige for a large part of the year anyway. Our recommendation is to switch to xeriscaping. Xeriscaping is a form of landscaping that focuses on using native plants and eliminating the use of grass. This will help you cut down on your water bill and give back to the land.

  1. Use a Clothesline

Drying clothes outdoors is something that people have been doing for centuries. While it may not always be possible due to weather, it remains an effective way to reduce energy consumption and save money.

Luxury Upgrades to Make Your Home More Sustainable

  1. Invest in Quality Windows

Poor windows are notorious for causing loss of heat in our homes. This is especially true for those who live in an older home with single-pane windows. Leaky windows can cause you to spend thousands of dollars more on your monthly heating and cooling bills without even knowing. If you want to cut back on energy loss, start by resealing your windows. If you find that this doesn’t make much of an impact, consider replacing your windows with more energy-efficient ones. 

  1. Consider Solar

Nowadays, many property owners are switching to solar energy. New technologies have made solar much more accessible to homeowners looking for a greener way to live. Implementing solar energy in your home will drastically reduce the amount of electricity you consume. And, you’ll make your home sustainable since it will be running primarily on clean energy. Many companies offer rebates for solar, so be sure to look into this prior to investing!

  1. Switch out Your Appliances

In one home, there are several appliances that are used on a daily basis. For instance, a refrigerator, freezer, oven, HVAC system, dishwasher, washer and dryer. The amount of energy required to operate these appliances on a daily basis is considerable. If you truly want to cut back on energy bills, investing in energy-efficient appliances is a must. Look for Energy Star appliances if you choose to make the switch. However, it is important to not throw away aging appliances that still work—this defeats the purpose of being environmentally friendly. Instead, see if you can find new homes for your appliances when they’ve exceeded their use. 

Contact us About Comox Valley Houses!

If you are curious about buying Comox Valley houses, we encourage you to contact us today! If you have any questions about properties in the area, be sure to reach out to us! We are excited to get your fall real estate goals on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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Are You Ready to Buy a House in the Comox Valley?

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Buying a home is a dream for many Canadians. If you’ve been renting for the last little while, you might be wondering when is the best time to buy. Owning a house is a great way to bolster your financial security and build equity. Although renting a home in Comox can provide you with freedom and less responsibility, you’ll eventually find yourself ready to be a homeowner. From unexpected rent increases to wanting your own space, there are a variety of reasons why renters ultimately end up buying a place of their own. So, how do you determine if you’re ready to buy? To help you out, we listed six different reasons that you’re ready to own a house in the Comox Valley.

Signs to Buy a House in the Comox Valley

  1. Your Rent is Going up

As a renter, you know all too well the troubles of annual rent increases. When your rent goes up each year, it becomes difficult to afford monthly costs while also saving for the future. This may have you feeling like you’re throwing away your hard-earned money. Dissimilar to renting, owning a house allows you to invest your money into an asset that’s yours. You also have full control over what you do, who lives in your space (e.g. pets), and what renovations you want to make. If you’re sick of rent increases, consider owning a house and investing in a property of your own. 

  1. You Have Good Credit

Credit is often a major component that holds renters back from purchasing their own house. If you have good credit (around 650), then you will likely qualify for a mortgage. The healthier your credit score is, the better chances you have at securing a great mortgage. Not to mention, the easier it will be for you to get approved. If you have excellent credit, it might be time to think about ending your lease and purchasing a home that’s yours. 

  1. You’re Able to Put Down Enough Money

Your down payment is almost as important as your credit score when it comes to buying a home. Having a solid down payment will help you out down the road. The more you put down on your home, the more you’ll save in mortgage costs. Additionally, having a substantial down payment (20% or more) will ensure that you don’t need mortgage default insurance. Besides your down payment, it is also important that you have enough saved to cover closing costs, any immediate repairs, maintenance, and emergency funds. 

Additional Signs

  1. It Makes Sense for Your Lifestyle

Owning a house is a big lifestyle change. So, the question is, are you ready to take on that commitment? When you buy a home, it’s crucial that you are ready to settle down for a while. If you know that you will be moving in the near future, it’s probably best to continue renting. You’ll want to be able to live in the home long enough to either make a profit on your investment, or at minimum, break even. It is much easier to terminate a lease than it is to sell a house, so keep this in mind while deciding what the best course of action is for you.

  1. You Can Manage Your Debt

Debt management is another key aspect that can help you determine your financial readiness for buying a house. Lenders pay close attention to your debt-to-income ratio when you apply for a mortgage. While no lender expects you to be free of debt, too high of a ratio can cause you to be denied a loan. This is because the more debt you have, the more risk you pose to the lender. Be sure to consider this before making the choice to purchase a house. 

  1. You Know What You Want

Before you buy a house, it’s a good idea to know what you want. This means determining where you want to live, what kind of property you want to live in, and what needs to be in the area. These are big decisions that you likely won’t have the answer to right away. Spend some time in different Comox neighbourhoods at different hours of the day to help you find the best location. Moreover, talk with your agent to see if they can provide you with some insight.

Contact us Today!

If you are curious about buying a house in the Comox Valley, we encourage you to contact us today! If you have any questions about properties in the area, be sure to reach out to us! We are excited to get your fall real estate goals on track. A home in the Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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How to Add Value to Condos in the Comox Valley?

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Home renovations are a great way to add value to your property. However, it is important that you choose the right upgrades for your space. After all, making the wrong renovations can end up hurting your return on investment. The best remodelling projects will ensure that your home doesn’t exceed the average price point of similar homes in your area. You want to make sure that when all is said and done, your home has the updated features and finishes without being on the upper end of the price spectrum for comparable properties. In this article, we are going to be going over everything you need to know about renovating condos in the Comox Valley. Follow along below to learn more!

Before you Begin…

Before you can begin doing renovations in a condo, you will need to get written approval from your strata. There are very few renovations that homeowners can conduct without prior approval from their strata board. If you are planning on doing any sort of rewiring, altering plumbing, or removing walls that will need written consent beforehand. 

Instead of waiting for your strata council to meet, you can send them an email to speed up the process. In your E-mail, be sure to break down each project into small steps. You’ll also want to include your anticipated start and finish dates, building permits, and insurance information. 

Ideas for Renovating Condos in the Comox Valley

  1. New Flooring/Soundproofing

Condos are often constructed with carpet since it helps to dampen noise throughout the building. However, carpeted floors are not favourable for most buyers. Especially, if they are in rough shape or outdated. By updating the flooring in your condo you can get a better ROI. Installing hardwood flooring or replacing old carpets with new ones is a good idea. Whatever flooring you choose, you want to make sure that it’s easy to clean and maintain. 

  1. Energy Efficient, Quiet Appliances

Nobody likes a loud washer and dryer. Or, a dishwasher that doesn’t clean the dishes. If you notice that your appliances are starting to go, it’s a good idea to replace them. Buyers often search for homes with new appliances since they tend to be more energy efficient. Not to mention, more aesthetically pleasing. If you’re thinking of updating your appliances, choose models that are stainless steel. By installing them prior to listing, you can make them a point of sale! 

  1. Maximize Your Kitchen Space

In a condo, maximizing space is everything. So, if you can make your kitchen feel or look bigger, it’s probably a good idea. One of the best ways to improve your kitchen is by adding more counter space. If you have room for a kitchen island or the potential for more counter space, capitalize on it! While you’re at it, consider replacing old laminate countertops with granite, quartz, or marble. This will instantly elevate your kitchen!

More Valuable Remodelling Projects!

  1. Add Built-in Storage Wherever Possible

Storage comes at a premium in condos. From cabinetry to closet systems, it all makes a big difference in how you are able to store your belongings. Smart storage systems are essential in small homes because they help maximize the space that you have. Additionally, the level of storage that your unit possesses can make the difference between your listing and someone else’s. Having great storage will help reduce clutter, promote organization, and create more living space. Talk with a contractor about how you can add built-in storage solutions to your condo. 

  1. Upgrade Doors to Save Space

Upgrading your condo’s doors is a great way to maximize space and update the look of your unit. Most condo doors were chosen by the developer because of their affordability rather than their functionality for the space. Consider replacing closet doors with sliding or bi-fold doors. Bonus points if they are mirrored! You can also change out the hardware on your doors or repaint them for an updated look. Sometimes the simplest changes can make all the difference. 

  1. Don’t be Afraid to Repaint

If you want to update your condo but are on a tight budget, consider repainting. Sometimes, all it takes is a fresh coat of paint to revamp your space completely. If you’re planning on selling right away, choosing neutral colours is best. 

Contact us About Condos in the Comox Valley Today

If you are curious about what other things you can do to up the value of your condo in the Comox Valley, we encourage you to contact us today! If you have any questions about homes in the area, be sure to reach out to us! We are excited to get your summer real estate goals on track. A condo in Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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How to Maintain the Value of Real Estate in the Comox Valley?

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Buying a home is one of the biggest investments a person will make in their lifetime. So, it is important that homeowners take the time to protect their investments. When it comes to real estate, this means keeping things clean, making updates when needed, and doing regular maintenance. If you have plans to one day cash in on your investment, it will be critical that you have taken care of your property. After all, it is difficult to turn a profit on a poorly maintained home. To help you get a better understanding of how to protect the value of your real estate in the Comox Valley, we’ve compiled a list of tips. Follow along below to learn more!

Ways to Protect the Value of Your Real Estate in the Comox Valley

  1. Improve Your Curb Appeal

If you want to sell your home, you need to give the best first impression. To do so, it is important that you maintain your home’s curb appeal. This means weeding garden beds, replacing soil where needed, mowing the lawn, pruning plants, and raking away debris. Moreover, you may consider pressure washing outside surfaces like your driveway, walkways, steps, deck, siding, or fence. It is also good practice to repaint the exterior of your home if it is looking faded or weathered. Simply spending a couple of hours per week in your yard can drastically improve your curb appeal. Thus, protecting the value of your property!

  1. Perform Regular Maintenance

Nobody wants to pay full price for a home in disrepair. So, it is crucial that you spend the time and money to perform regular maintenance. This doesn’t just mean fixing major issues with your plumbing, HVAC system, or electrical. It also means taking care of the little things. For instance, replacing broken or missing shingles, tending to your leaky faucet, cleaning your gutters, and other mundane tasks. By staying on top of your home maintenance, you can preserve your property’s value. 

  1. Keep Renovations to Code

Home renovations can be super exciting! Not to mention, great value boosters for your home’s worth. However, this is only the case when renovations are kept to city code. While your renovations may better suit your lifestyle, they can seriously harm your property’s worth if they aren’t done right. To avoid making any mistakes, be sure to do your research before taking on a new home improvement project. And, don’t be afraid to hire a professional if you’re not confident you can get the job done right. The last thing you want is to spend more money down the road!

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More Tips!

  1. Update Appliances When Needed

After years of living in a home, appliances start to break down. From toilets to kitchen ovens, lots can begin to malfunction. This is no fault of the homeowner, but rather the years of wear and tear. No matter how well you take care of your appliances, they’ll all need to be replaced eventually. When you replace older items, don’t feel pressured to buy the most expensive, high-tech model. Although, whenever possible, look for something that is energy-efficient. 

  1. Clean Often

As a homeowner, you likely lead a busy life that makes it hard to keep up with cleaning. However, doing your best to clean on a weekly basis can do wonders for your property value. Instead of waiting until your showing day, try and clean on a more frequent basis. This will make things easier for you in the long run and ensure that your property ages well. 

  1. Protect Your Home From Pests

Pests are a major red flag for potential buyers. Things like rodents and insects can harm your home’s structure and create an unsanitary living environment. Unfortunately, many homeowners wait until it’s too late to deal with these sorts of problems thinking that they will go away on their own. However, without human intervention, you can easily have an infestation on your hands. If you notice signs of pests in your home, contact a professional pest control expert to help you out. Pests are not something that you want to ignore!

Contact us About Real Estate in the Comox Valley Today!

If you are curious about what other things you can do to maintain the value of your real estate in the Comox Valley, we encourage you to contact us today! If you have any questions about homes in the area, be sure to reach out to us! We are excited to get your summer real estate goals on track. A house in Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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Property for Sale in Comox Valley – Things That Fail a Home Inspection

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Understanding how much your home is worth is an important part of selling. And, depending on who you talk to, you’re likely to get a very different answer. One way that buyers gauge the value of a potential home is by getting a home inspection. This is done to ensure that everything is working as advertised and they aren’t going to invest in a home full of problems. From the HVAC system to the roof, a home inspector checks all major areas of the home to assess the condition and determine if there are any problems. Although you may think you are ready to sell, a home inspection can unearth some issues that may make it difficult to close a sale. This is why it is important to identify these issues before listing your home on the market. In this article, we went over some of the most common things that fail a home inspection. Follow along below to learn more!

Check Your Property for Sale in Comox Valley for These Issues!

  1. The Proof is in the Roof

Roofs are an expensive fix. In fact, they may be one of the most dreaded homeowner repairs. Buying a home only to discover that it needs a new roof would be a serious kick in the teeth. If you were a buyer, you likely wouldn’t invest in a home that needs a new roof. So, make sure that you check yours before listing your home for sale. Roofing problems are especially common in older homes. If you notice things like missing shingles, damaged shingles, loose flashing, or leaks from your ceiling, this is a good indication to have a professional assess the damage. 

  1. HVAC Problems

Homes with HVAC problems present an immediate red flag for buyers. In today’s day and age, homeowners rely on their HVAC systems to keep their homes at an appropriate temperature for the season. Besides heating and cooling, your HVAC system is also responsible for ventilating your home. Dirty HVAC systems can cause illness due to poor indoor air quality. Home inspectors are certain to check that your HVAC system is in operating condition. If you’ve been regularly maintaining the unit, then you shouldn’t have much to worry about.

  1. Mould

Mould is responsible for an assortment of illnesses and foul smells. If you find mould in your kitchen, bathroom, ceilings, floors or other areas in your home, be sure to contact an expert. Furthermore, you should call an expert right away if your home has been experiencing drainage issues, a musty smell, or excessive moisture as these can all be signs of potential mould growth. Any licensed home inspector will be able to help you determine if there is mould present in your home. 

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More Items to Check Before Listing Your Home for Sale

  1. Plumbing

Plumbing issues are a hassle to deal with. So, it comes as no surprise that many buyers shy away from purchasing homes with plumbing problems. Whether it’s a leaky faucet or poor drainage, these are not qualities that prospective buyers want to hear about. In addition to this, you’ll want to make sure that your home has adequate water pressure. Contact a professional plumber if you have any concerns about the plumbing in your home. 

  1. Electrical System

Electrical problems can present all sorts of hazards. From fires to shocks, there are several risks involved with having a faulty electrical system. Each year homeowners put their homes at greater risk of having electrical problems by overloading circuits with appliances that have high energy demands. If your home is constantly blowing a fuse, the lights in your home are dim/flickering, and/or you have discoloured outlets, it might be time to have your electrical replaced. After all, no buyer wants to invest in a home that could be at risk for an electrical fire. 

  1. Structural Issues

Have you noticed any cracks in your foundation outdoors? What about pooling water near the base of your home? Do you see cracks in your stucco? Is the wood in your home rotting? How about insect/rodent damage? All of these things can point to structural damage that will scare buyers away. Have an inspector check the structural integrity of your home before listing to ensure all is well. 

Contact us Today!

If you are curious about what other things can fail a home inspection for your property for sale in Comox Valley, we encourage you to contact us today! If you have any questions about real estate in the area, be sure to reach out to us! We are excited to get your summer real estate goals on track. A house in Comox Valley is a great lifetime investment. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.