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cumberland renovations on real estate for sale

Should You Renovate or List Homes for Sale Cumberland?

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The decision to renovate or list homes for sale Cumberland is one that many long-time homeowners struggle with. Renovating is a popular way to modernize your home and refresh both the interior and exterior. However, as commonplace as renovating your home is, not every problem can be solved with a remodel. Sometimes, there are situations where selling your home makes more sense than getting out the sledgehammer. But, how do you know when to sell and when to renovate? In this article, we will walk you through a guide on how to make this choice. Continue reading below to learn more!

Reasons to Renovate 

For many homeowners, renovating is a great way to balance your new needs while still living in the home you love. This is especially true for those who don’t want to give up their current location or neighbourhood. A great remodel will help you fall back in love with your property, whether that be through updating certain rooms or making better use of the space. In many cases, this helps homeowners achieve their dream home without having to plan for a big move. However, it’s important to note that you will be living in a construction zone until renovations are complete. 

While renovating can help you rekindle your love for your home, it’s important that there are still aspects of your home you already appreciate. For instance, having great neighbours creates a sense of community and belonging that can’t be easily replaced. A convenient location might offer ease in commuting to work, school, or favourite amenities that would be hard to find elsewhere. Additionally, a large parcel of land provides space for entertaining or an area for kids and pets to play. These are foundational elements that a renovation cannot change, and they contribute to the overall satisfaction with your home. Renovating should enhance the aspects you already love, not attempt to compensate for things you can’t alter, like the location or neighbourhood atmosphere.

One of the most important factors to consider before renovating is whether you have the necessary funds—and then some—to cover the costs. Renovations often come with unexpected challenges, so having extra money on hand ensures you’re prepared for any surprises, changes, or new ideas that may arise. Additionally, homeowners who are confident in their vision are more likely to have successful renovations compared to those who are unsure of their goals.

Reasons to List Homes for Sale Cumberland

Renovating is not for the faint of heart. It often involves great budgeting, project management skills and a lot of patience. If you don’t foresee yourself being able to tick off these boxes, it might be easier for you and your family to look elsewhere for your dream home. This is also true if there are things that you hate about your home, but know that you won’t be able to change. For example, a tiny yard or obnoxious neighbours. Taking the time to step back and honestly evaluate your circumstances will make it apparent which option is right for you. 

If you’re still unsure about selling vs. renovating, consider selling as a smart way to boost your financial portfolio, especially if you’ve built up equity. If the value of your home exceeds what you owe on the mortgage, it might be an ideal time to sell. You’ll want to ensure you have enough equity to not only pay off the remaining mortgage but also cover closing costs, moving expenses, and a potentially larger down payment on a new home. Alternatively, you may think about downsizing to ease financial pressure and help you regain control of your finances.

Finally, you should sell your home if you’re unsure of what you want in a new space but feel confident that you’ll recognize it when you find it. Sometimes, it can be hard to pinpoint exactly what you need or desire in a home until you’re actively exploring new properties. Walking through different homes and seeing various layouts can give you a clearer idea of what resonates with you. By moving, you give yourself the chance to discover a place that naturally fits your preferences in ways you might not have anticipated during a renovation.   

Discover Your Future in Cumberland!

Determining whether to renovate or sell homes for sale Cumberland is not an easy task! If you are curious about moving forward with your homeownership goals, we encourage you to contact us! Moreover, if you have any questions about renovations or selling, be sure to reach out! We are excited to get your real estate 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.

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Comox Valley to Benefit from Enhanced Transportation Routes.

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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.

cumberland bc real estate near strathcona provincial park

About Cumberland BC Real Estate.

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Living in Cumberland BC real estate is a quiet place to settle down. Sea-to-sky views and lush green trees are the perfect backdrops to any home. Cumberland has a fascinating history as a former coal-mining town. If you’re looking for a great place to call home, Cumberland BC real estate is the place to move. From large outdoor markets and easy transportation to a one-of-a-kind outdoor playground, a home in Cumberland leaves everyone feeling satisfied. Enjoy the peaceful streets and calm city in this breathtaking town on Vancouver Island. Follow along below to learn more about living in Cumberland.

Location and Amenities

Cumberland is located near the east coast of central Vancouver Island. This incredible village within Comox Valley is close to a variety of outdoor activities. Furthermore, it is a short distance from surrounding areas like Nanaimo and Courtenay. It is also a 2-hour and 40-minute drive to Victoria. 

Cumberland’s incredible location on Vancouver Island makes for a ton of epic amenities that residents can enjoy. For instance, Mt. Washington Ski Resort is only a 30-minute drive from Cumberland! Here, visitors can explore 1700 acres of terrain overlooking Vancouver Island and the surrounding ocean. There are 5 chairlifts and plenty of seasonal activities to be enjoyed. During the summer months, Mt. Washington offers excellent hiking and mountain biking trails.

There is also the famed Strathcona Provincial Park. This park is considered to be one of the biggest attractions for visitors. Over 250,000 hectares of parkland make up Strathcona Provincial Park. The terrain ranges from snowy peaks and rugged trails, to calm lakes and fast-flowing rivers. Hiking at Strathcona is unmatched by any other park in the area. Those who check out Strathcona Provincial Park can hike, cross-country ski, and camp.

If you love being outdoors, then Cumberland is the place for you. There are thousands of trails for you to hike, mountain bike, and ski. You can also hop in the water and paddle along the scenic coast of Vancouver Island or Comox Lake. So much is able to be explored when you live in Cumberland BC real estate. 

Cumberland BC Real Estate is Historic

A long while ago in 1888, Cumberland was founded by a coal baron by the name of Robert Dunsmuir. Originally, the settlement was named after the Union Coal Company and took on the name Union. However, in 1898 the name was changed to Cumberland after the town miners’ homeland in the famous English coal-mining area of Cumberland in England. Cumberland was an active coal mining town until 1966. The town became an integral location for local trade and business dealings. Eventually, the coal industry fizzled out and Cumberland became a calm village. Now residents can visit local museums and Coal Creek Historic Park for a hands-on look at life during the coal mining era. 

Real Estate Opportunities

Cumberland BC real estate has plenty of opportunities for new residents. The predominant housing types in this area are single-family detached homes and townhomes. Most real estate in Cumberland is on the older side, as a third of it was built before the 1960s. However, there have been some houses built between the 1960s and the 1990s. The bulk of the homes in Cumberland has two to three bedrooms. In addition, there are several rental properties in the area. 

The average household income is roughly $53,748. People living in Cumberland are mostly between the ages of 20-64. The majority of the residents in the area have their high school diplomas or college certificate. Cumberland is also home to a few elementary schools and middle schools. However, there are no high schools in Cumberland. Additionally, most residents can walk to and from essential services like grocery stores and pharmacies. 

Transportation Options with Cumberland BC Real Estate 

Getting to and from your everyday destinations is an important part of your daily life. While many people choose to drive, living in Cumberland BC real estate provides a host of other transit options. The city is equipped with buses, bike paths, boat access, float planes, ferries, and more. All to ensure that you arrive at your destination no matter where that may be. You can get from Vancouver Island to the mainland in a number of ways. Cumberland is supported by the BC Transit system which means buses are easily accessible. Even if you choose to go by car, the quiet street makes commuting easy. You won’t ever have to worry about finding a parking spot again! Make the move to Cumberland BC real estate for quick and easy transportation. 

Contact Us About Cumberland BC Real Estate Today!

If you want to learn more about the neighbourhoods in Comox Valley, stay tuned to our blog. Cumberland BC real estate is the perfect place to call home. For those who are interested in learning more about real estate in Cumberland, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate in this area. Contact us now and let our team of experts help you achieve your real estate goals. We look forward to working with you in the near future!