Choosing the Right Building The condo market has really taken off over the last 6 weeks, as we're seeing record prices in many buildings across the city. With over 50,000 units currently under construction we are going to see a ton of inventory come onto the market. A lot of the new inventory is very cookie cutter. Hence, purchasing a unit in a popular building in the right location is key when buying new. This applies to re sale as well. Good buildings and popular neighborhoods always sell. Features such as a large outdoor space, a great layout or an amazing view will help sell your condo, over another one. Research First of all, make sure to do your homework. There are many
Future of the Market
The market is extremely hot right now. Both Condos and Houses are going into multiple offer scenarios. Almost all houses have a bidding war attached to them if they are in any sort of decent area. With condos we are finding that as long as it has some sort of unique feature or its at least is in a popular building or neighborhood then it has a good shot of going into multiples. The housing market is quite easy to explain. Its simple supply and demand. Right now there is roughly 10 to 15 buyers for every single house! The less there is of something the more likely that product is going to go up. Seeing 10% increase per year on your house is now the norm. THERE IS NO MORE LAND! What you see
The Importance of Tenant Screening Before You Rent out Your Investment Property
As an owner of an investment property, it is in your best interest to rent it out to tenants of good character and financial standing. Tenants that will pay the rent on time, take good care of the property entrusted to them, live peacefully with their neighbors and will not engage in any unlawful activities that give the neighborhood or your property a bad name. You may also wish to have a long term tenant to ensure that the money to pay your mortgage and other bills will keep flowing in. These are just some of the reasons tenant screening is important before renting out your property. You can look at more info and get help from experts. According to various statistical sources, the chances