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waterfront property in comox valley

Reasons to Invest in Waterfront Properties in the Comox Valley

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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.

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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

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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

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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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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.