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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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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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Why Invest in a House for Sale in Comox?

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Buying a house for sale in Comox can provide you with a new sense of pride, freedom, and stability. There are numerous reasons why so many Canadians choose to buy a home for their long-term goals instead of renting. However, if you’re still unsure of whether buying a home is the right option for you, we’re here to help. After all, the more you know about buying a home, the better. Below we have listed a few of our top reasons to invest in a house for sale in Comox. Continue reading to learn more!

Reasons to Buy a House for Sale in Comox.

  1. Homes Appreciate

One of the biggest reasons to invest in a house is the fact that real estate appreciates. Although the price of real estate tends to fluctuate, at the end of the day, real estate generally goes up in value. However, the amount your home appreciates depends on how long you live in it and what the market conditions are like when you decide to sell. Although, any profit you make off of selling your home is greater than what you will make as a renter. With that being said, buying a home doesn’t make sense for everyone. So, be sure to think about the details of buying a house before purchasing. 

  1. You’ll Love Owning a Home

Besides having an asset that appreciates in value, owning a home provides freedom like no other. Want to paint the walls neon pink? Or, remodel the kitchen? Perhaps add a patio? You don’t have to ask when you own a home. Furthermore, you can host large gatherings without fear of being evicted. Your home is exactly that – yours. So, enjoy all of the perks that come with living freely on your property. Just be sure to stay neighbourly if you live in the suburbs. 

  1. Enjoy Stability 

There are so many variables in life. But, your house doesn’t need to be one of those. Instead, through homeownership, you can minimize the risks that come with housing. For instance, as a homeowner, you won’t need to worry about landlord changes, lease terminations, rent spikes, and strata fees. Owning a home provides better control over your monthly housing costs. This is because you can opt for a fixed-rate mortgage and save on monthly utility bills with energy-saving tactics. Take away some of your stress and enjoy the stability of owning your own home. 

More Reasons to Buy!

  1. Enhanced Privacy

Owning a house for sale in Comox means increased privacy. You can bid farewell to shared spaces, running into people in the parking garage, walls too thin, sketchy tenants, and awkward elevator conversations. Whatever you hated about living in proximity to others, can be fixed by owning your own property. When you own your own home, you can take privacy to the next level by adding fences, clever landscaping, and a nifty home security system. Let your worries melt away with a home that’s yours. 

  1. Achieve Mortgage Free Living

Another reason that people choose to buy a home, is to eventually achieve mortgage-free living. This is a great plan if you are thinking about retiring from your home. Owning your property outright means even fewer housing expenses, which is ideal if you are planning to retire in your home. Once your income starts to fix, the amount you spend becomes critical in how you are able to live your life. Furthermore, even if you don’t stay in your home for retirement, you can always sell it and make a profit to help fund your retirement!

  1. Tax Breaks

There are a number of tax benefits that come with owning a property. Here are some of the top tax breaks that homeowners can take advantage of:

  1. Energy Incentives
  2. Principal residence exemption 

These are just some of the most popular tax benefits that come from owning a home. If you are looking for another reason to buy a home, let it be a tax break!

Contact Us Today!

If you are curious about buying a home, we encourage you to contact us today! If you have any questions about your first house for sale in Comox, be sure to reach out to us! We are excited to get your new year’s real estate goals on track. A home in Comox Valley is a great lifetime investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check out our Facebook page, and return next month for more real estate-related content! We look forward to working with you in the near future.

real estate content rewind 2022 in comox valley

2022 Recap of Real Estate Advice in Comox!

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It’s that time of year again when we write our year-end blog recap. December is quickly passing by and 2023 is right around the corner! Over the course of 2022, we wrote several articles about real estate in the Comox area. From January to November we have posted eleven different articles to help our buyers and sellers find the information they need. Achieving your real estate goals can be tricky. However, we hope that some of our content helped to steer you in the right direction. In this article, we will be going over a brief recap of all of the articles we wrote during 2022. Follow along below to learn more!

Winter and Spring Blog Recap of Real estate advice in Comox:

Jan – Transit & Comox Valley Houses For Sale

Getting to and from your everyday destinations is an important part of your daily life. While many people opt for a car, living in Comox Valley houses for sale provides a host of other transit options. The city is equipped with buses, bike paths, boat access, float planes, ferries, and more. This article is filled with information about transit in Comox Valley

Feb – January Update on Comox Properties For Sale

Understanding the current market statistics is an important part of buying a home. This article goes over the real estate stats from January of 2022. Check it out for a trip back in time to see how real estate prices were doing at the beginning of the year. 

Mar – Average Price of Properties in Comox Valley

In March, we wrote all about the soaring real estate prices and the jump in interest rates. Our March article talked about buyer motivations, and the cost of housing in Comox, and provided an update on the national real estate market. 

Apr – Summer Activities Near Homes for Sale in Comox!

Are you planning on moving to homes for sale in Comox this summer? If yes, then we recommend reading this article. Discover a list of fun summer activities to familiarize you with the town. By participating in some Comox summer fun, you can get to the locals! Make friends and find new favourite hangout spots by exploring Comox Valley.

Summer Blog Recap:

May – Comox Real Estate: Economic Drivers in Comox Valley!

If you are looking to move to Comox real estate, it is important to consider the economic drivers within the city. Comox has various economic drivers that can help you create and foster a business. Or, find a job within your interests. The city of Comox and surrounding areas have diverse economies that thrive in industries like tourism, agriculture and construction.

June – About Cumberland BC Real Estate.

Living in Cumberland BC real estate is a quiet place to settle down. Sea-to-sky views and lush green trees are the perfect backdrop 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.

July – Making Your Property in Comox Valley Energy Efficient!

Energy efficiency in your home can help you save thousands of dollars. For most individuals, the costs associated with living in their house account for a large portion of their income. Going green shouldn’t require months and months of saving. In fact, it’s possible to save the planet on a budget! Most of the changes we wrote about will even help you save money over time. 

Aug – New Measures in Place for Buying a Comox Valley Property.

After a rocky start to the housing market in Canada, many government officials worked to reduce high-pressure sales. There were several efforts made in British Columbia over the early months of 2022 to combat the scorching real estate market. Check them out in this article. 

Fall Blog Recap of Real estate advice in Comox:

Sept – Home Improvements to Add Value To Comox Valley Properties.

Home renovations are a great way to add value to Comox Valley properties. Or, make the space more inviting. However, not all home renovations are worth your time and money. It is important that you choose the right home renovation projects so that you can get a sufficient return on your investment. 

Oct – Home Security for Properties for Sale in Comox!

While Comox Valley’s crime rate is virtually zero, having a thorough security system is never a bad idea. Those buying properties for sale in Comox should consider investing in some basic home safety equipment. Contrary to popular belief, it doesn’t cost an arm and a leg to keep your home safe. Read more about this in our October blog post!

Nov – Selling a Stigmatized Property For Sale in Comox 

Selling a stigmatized property for sale in Comox can be a tricky feat. It is important that you consider any stigmas associated with your home and how they can affect the listing price of your property. In this article, we went over all things to do with buying and selling stigmatized properties. 

At Royal Le Page Comox we want to thank our clients for another great year in real estate! 2022 came with lots of surprises and we were happy to have all of you stick with us. Check back next year for more real estate content and information. As always, be sure to contact us with any questions or concerns you may have. We look forward to working with you in the new year. Happy holidays to everyone!

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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!