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retiring tips for downsizing

Retiring in Comox Valley? Get tips on downsizing your home, here!

As a retiree, you are faced with several decisions about what to do with your finances, where to live, and what kind of property to own. One of the most common practices amongst retirees is to downsize into a smaller home. This often affords more freedom and flexibility for homeowners looking to soak up their golden years. However, is downsizing always the best option? And, what should you consider before making the choice to downsize? Answering all of these questions is critical as you work towards determining the best course of action for your housing plan. In this article, we will be providing you with insight into why you might consider downsizing and some of the questions you should ask yourself before taking action. Follow along below to learn more!

Questions to Consider Before Downsizing to Homes for Sale in the Comox Valley

One of the first things to consider before downsizing is if your current home fits the lifestyle you want. For retirees who are still living in a single-family home, it is important to ask this question. Having your ideal retirement lifestyle in mind will help you come to this conclusion. Are you interested in traveling…living closer to family…being somewhere walkable or transit-friendly? All of these factors can impact your decision to downsize or remain where you are. Once you get a better idea of how you envision your retirement, you’ll have a clearer sense of what home is right for you.  

Another question that you should keep in mind when deciding whether or not to downsize is how much space you need. Downsizing often means selling off some of your belongings to accommodate a smaller living arrangement. If you don’t choose to sell, you will likely have to pay for additional storage space to house your things. For example a storage locker or shipping container. Similar to this, if you frequently have guests stay with you, downsizing could make it harder to entertain family and friends. 

Thinking toward your future in your current home, can you imagine the property being suitable when you are 70, 80, or 90? This question is paramount in understanding how to proceed with your housing goals. If you can’t see yourself being able to maintain the yard, go up and down the stairs, or keep up with general housework, downsizing could be the right move. Moreover, can you see yourself being able/wanting to move in the next few years if you realize that you want to live somewhere smaller or more accessible? If you’re not sure about these questions, it’s important to carefully consider what your future self will need. 

Why Should You Downsize?

There are numerous reasons why retirees choose to downsize during their retirement. A prime example is to offer more freedom for hobbies and travel. If your plans involve extensive travel or spending minimal time at home, downsizing usually makes the most sense. Not to mention it can help you save money and put more towards the trips you’ve always yearned to go on. Furthermore, you won’t need to worry about the maintenance and upkeep of your home while you’re gone. Especially, if you downsize into a stratified building/community. 

Downsizing can also be an effective way to ensure a better quality of life as you age. Owning a smaller space with elevators in the building can help you keep your independence throughout your retirement. It also enables you to live with fewer daily chores, clutter, and stress. When you downsize into a smaller home you’ll get the opportunity to eliminate belongings that took up too much space in your old home and make room for what matters most. This will create a better sense of organization and make it easier to move homes if you decide to relocate again. 

Lastly, the most common reason to downsize as a retiree is to do away with the constant maintenance of owning a single-family home. As you grow older, the energy and time you have to spend on home maintenance diminishes. Many seniors often find it challenging to shovel snow and tend to repair tasks as time passes. While it is possible to hire others to do these things, it can cost a lot of money and end up eating through your retirement savings. Moving somewhere where you don’t need to worry about taking care of these tasks can be more cost-effective and less stressful. 

Contact us Today!

Now is the time to get a move on your 2024 goals in real estate! If you are curious about buying or selling real estate for sale in Comox Valley, we encourage you to contact us today! Moreover, if you have any questions about downsizing as a retiree, be sure to reach out to us! We are excited to get your retirement 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 team looks forward to working with you!

real estate for sale comox valley

Comox Valley to Benefit from Enhanced Transportation Routes.

If you have aspirations of making 2024 the year that you finally ditch your car, we have excellent news! Following the approval of Comox’s Active Transportation Network Plan Strategy in 2023, getting around without a car could get a whole lot easier. The implementation strategy intends to construct active transportation paths to further connect real estate for sale in Comox Valley with the surrounding infrastructure. This will make it much simpler for residents to get to and from their daily destinations. In this article, we will be going over the details of this project and how it may be of benefit to your property value. Follow along below to learn more!

All About the New Active Transportation Paths in Comox Valley

The Comox Valley Regional District (CVRD) is planning to construct two new active transportation paths to connect communities in the Comox Valley. The project defines active transportation as any means of self-propelled transportation. For example, biking, walking, or rollerblading. The infrastructure for active transportation often comes in the form of a designated pathway, which is intended to provide a safe and accessible location for people to get from A to B. This could mean completing daily errands or ensuring a secure route for children to get to school. The CVRD has emphasized that this project is commuter-focused, not recreational. 

These two projects have sparked excitement in several residents as they will help foster a more connected community. Moreover, they will provide greener and more diverse options for citizens to get around. It should be noted that both pathways are still in the planning stages. However, they remain a top priority for the CVRD. The first pathway (Cumberland to Courtenay) will link the Village of Cumberland to the City of Courtenay. This is via a 4km long path. The second pathway, (Royston Road) will run from the waterfront Seaside Trail to Livingston Road near the elementary school. This is via a 725m long path. 

The CVRD intends to design the pathways so that they are accessible to all residents regardless of their age and ability. This means ensuring that the pathways can be used with various active transportation methods including wheelchairs and scooters. 

Currently, the estimated cost of the Royston Road pathway is between $600,000 and $2.2 million to complete. On the other hand, the Courtenay to Cumberland Connector (a much larger project) is expected to cost between $5.2 to $7.8 million. 

If grant applications are successful, the CVRD intends to begin construction later on in 2024. 

How Can This Improve Real Estate for Sale in Comox Valley

As a homeowner of real estate for sale in Comox Valley, you may be wondering how this project could benefit your property. To help you gain a better understanding of what this development could mean for you, we’ve outlined a few key points. 

To begin, the new active transportation paths could lead to a rise in overall property value. Oftentimes, homes situated near well-maintained and accessible transportation pathways attract buyers looking for convenient commuting options. The addition of these paths could lead to increased desirability, thus leading to higher selling prices. 

Further to this, implementing these paths is a big, positive change for the community. As such, it could result in more appeal from out-of-town buyers to relocate to the Comox Valley. Especially, for families who are looking for a well-connected area with a variety of transportation options. For those planning to sell their home, an influx of buyers could improve your ROI and shorten the days that your home is listed on the market. 

Another potential benefit for residential real estate is improved environmental conditions. With more people choosing to travel by bike or on foot, there will be less greenhouse gas emissions. In addition, there will be a decrease in traffic. Consequently, leading to quieter streets and less congestion for those who still travel by car. A greener environment also means cleaner air and improved quality of life. And, buyers who prioritize living in a sustainable environment may be more inclined to purchase a property near active transportation infrastructure. 

Contact us Today

Spring is here! Now is the time to get a move on your 2024 goals in real estate! If you are curious about buying or selling real estate for sale in Comox Valley, we encourage you to contact us today! Moreover, if you have any questions about new developments in the area, be sure to reach out to us! We are excited to get your aspirations 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 property in comox valley

Reasons to Invest in Waterfront Properties in the Comox Valley

A home on the water is an appealing option for any buyer. Homes in Canada that are situated on or near a lake, river or ocean are more likely to sell for a higher price. If you’re looking to invest in a property on the water this spring, look no further than Vancouver Island. Owning real estate in this locale is sure to diversify your property portfolio and yield a high ROI. Whether you’re a homeowner or an investor, waterfront properties in the Comox Valley make ideal investments. To help you decide where to buy your next home, we decided to compile a list of reasons why you should consider investing in a waterfront property in Comox Valley. Follow along below to learn more. 

Why Should You Invest in a Home on the Water?

Buying a home on the water has several benefits. Those who have purchased waterfront real estate before will know that one of the greatest perks is the demand your property holds. Buyers all across the world share the knowledge that a waterfront home is a coveted investment. As such, when the day comes to relist your property, you can rest assured that there will be a buyer waiting to make a bid. Especially if you’ve kept up with maintenance or turned it into a profitable business (wedding venue, rental home). 

Moreover, there is an apparent scarcity of waterfront real estate available globally. Many municipalities/governments have put restrictions in place to prevent homes from existing on waterfront land. As a result, properties that exist in proximity to bodies of water are often safeguarded from inflation and can help investors preserve capital. In other words, during market downturns, waterfront real estate is generally more resilient than properties that are not on the water. In addition to this, their limited availability makes buyers all the more prepared to pay a higher asking price. 

Having a waterfront property is also advantageous for its potential uses. A home on the water can easily be converted into a vacation property, rental investment, or primary residence. Furthermore, depending on the zoning, you could also start a business on the property, featuring the waterfront as a memorable backdrop. From swimming and sailing to fishing and water skiing, there are endless possibilities for the use of waterfront real estate. These types of properties are generally in demand all season long, as water bodies often provide a peaceful retreat for leisurely activities. 

More Reasons to Purchase Waterfront Properties in the Comox Valley

Living close to the water isn’t all about the capitalistic benefits, it’s also directly related to improved health and well-being. For instance, in a study conducted by Dan Crouse in New Brunswick, he found that those who lived in proximity to the water saw a 12-17% increase in lifespan. It’s also been noted that being near the water contributes to stress reduction. Water has long been known to have a calming effect. Thus, the peaceful environment of a waterfront property can help promote relaxation.

Further to this, researchers have discovered that being near the water encourages individuals to be more active. As well as spend more time outdoors. The air quality near water bodies is also said to be better due to fewer pollutants in the air. If you’re someone who likes to listen to the sounds of water to help you fall asleep, it may come as no surprise that living near the water leads to enhanced sleep quality. 

Beyond the health benefits, there is also the potential to diversify your investment portfolio. As an investor, keeping your portfolio risk-free has a lot to do with ensuring that you have a range of different investments. This way, during points of economic instability, you decrease the chances of major portfolio losses. Investing in only one type of real estate can increase your odds of bankruptcy. As such, a waterfront home could be a good addition to your current investments. Especially, given the nature of their resilience. 

Contact us Today About Properties in the Comox Valley!

Spring is rapidly approaching! Now is the time to get a move on your 2024 goals in real estate! If you are curious about investing in waterfront properties in the Comox Valley, we encourage you to contact us today! Moreover, if you have any questions about real estate for sale in the area, be sure to reach out to us! We are excited to get your aspirations 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.

sustainable living in comox valley

Sustainable Living Tips for Comox Valley Properties for Sale!

Living in Comox Valley properties for sale come with numerous benefits. For example, the gorgeous outdoor scenery and abundant natural resources. However, to preserve the beauty of the landscape it’s critical that as homeowners, we do our best to reduce our impact on the environment around us. One of the ways we can do this is by adopting sustainable practices in our homes. Simple tasks like mindful water consumption, buying locally and minimizing the use of energy-intensive appliances can make a huge difference. To help you make 2024 your most sustainable year yet, we are going to be going over some of the ways that you can alter your living habits to be more eco-friendly. Follow along below to learn more!

What Can You do to Make Your Home More Sustainable?

  1. Conserve Water Where Possible

Water is an important resource in the Comox Valley ecosystem. To ensure freshwater sources are abundant for the plants, animals, and people on Vancouver Island, homeowners must conserve where possible. This can be as simple as fixing leaks promptly, collecting rainwater for gardening, and using water-conserving appliances. Being conscious of how much water is consumed in your household helps to maintain the balance in the local ecosystem. Not only this, but it can also reduce your monthly water bill. 

  1. Reduce the Use of Energy Intensive Appliances

Household appliances are to blame for the majority of our energy consumption. From refrigerators to HVAC systems, these appliances require tons of energy to operate. This in turn results in higher monthly bills and more strain on the local energy grid. To help reduce your bills and conserve energy, you may consider a few potential solutions. For example, lowering the temperature by 7-10 degrees (or increasing by 7-10 degrees in the summer) when you are away from home. You can also unplug small appliances when they are not in use to prevent phantom power consumption. Another option is to avoid the use of your dryer and hang your clothes outdoors when the weather permits. 

  1. Windows, Doors, and Insulation

Windows, doors, and insulation play a big role in the energy efficiency of your home. Old doors and windows can allow outside air in, causing your HVAC system to work harder than it has to. The same thing applies to poor insulation. By updating your doors and windows and repairing old insulation you can greatly improve the energy efficiency of your house. This will also help cut the cost of your monthly heating and cooling bills. 

Other Eco-Friendly Practices Suited for Comox Valley Properties for Sale

  1. Buy Locally 

Having an eco-friendly household isn’t limited to the appliances and fixtures within. It’s also about the habits you keep. For instance, where you buy your food and other goods can have a massive impact on the environment. By purchasing locally made items, you reduce the distance that those goods need to travel. This in turn minimizes the amount of carbon released into the atmosphere and also supports local farmers/crafters. Check out the Comox Valley Farmers’ Market if you’re interested in supporting local – their website has info about all of the latest offerings!

  1. Minimize Waste and Practice Proper Recycling

Recycling and waste reduction are key practices in a sustainable household. By limiting your waste and sorting your recycling, you can make a difference in the local environment. Consider buying products with minimal packaging and composting food scraps where possible. If you choose to compost, you can reuse the food scraps to create nutrient-rich soil for gardening/farming! You may also want to create a recycling station in your home to make separating waste easier. Having separate bins for plastics, glass, and paper/cardboard is a great way to start! 

  1. Choose Energy-Efficient Means of Transportation When You Can

Another habit that can change your home’s carbon footprint for the better, is choosing energy-efficient modes of transportation. Opting for eco-conscious transit means reducing local carbon emissions and eliminating/minimizing your spending on fuel. In Comox Valley, there are several ways to get around without a vehicle. For example, bussing, biking, and walking. If you absolutely must drive, try and coordinate carpools where appropriate.

Contact us Today!

With the new year underway, now is the time to get a move on your 2024 goals for home sustainability! If you are curious about how to make your home more eco-friendly, we encourage you to contact us today! Moreover, if you have any questions about Comox Valley properties for sale, 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 soon.

rlp-comox-valley-housing-market-trends-1

2024 Trends for Properties for Sale in Comox Valley

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!

comox homes for sale

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. 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.

House for sale in Comox BC

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

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.

comox condos for sale

How to Add Value to Condos in the Comox Valley?

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?

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

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.