Blog

August 22, 2023

Is that ‘fixer upper’ a ‘diamond in the rough’ or a ‘Money Pit’!?

Deciding whether a “fixer-upper” property is worth purchasing involves careful evaluation and consideration of various factors. Here’s a step-by-step guide to help you determine if a fixer-upper is a good investment for you: 1. Assess Your Goals and Resources: – Define your goals for the property: Are you looking for a long-term residence, a rental property, or a quick flip? – Evaluate your budget: Consider not only the purchase price but also the funds you’ll need for renovations, repairs, and holding costs during the renovation period. 2. Evaluate the Location: – Research the neighborhood: Assess the property’s location, nearby amenities, […]
August 12, 2023

Getting the ‘right’ price for Real Estate Listings….

Getting pricing right for real estate listings is incredibly important. The price you set for a property can significantly impact its marketability, the speed of sale, and the final selling price. Here’s why pricing is crucial in the real estate market: **Attracting Buyers:** A well-priced property will attract more potential buyers, leading to increased interest and a larger pool of potential offers. Overpricing can deter buyers, causing your property to sit on the market longer. **Competitive Advantage:** In a competitive market, properly pricing your property can give you an advantage over similar listings. Buyers are more likely to consider and […]
July 8, 2023

When do you know if it’s a buyer’s market?

In real estate, a buyer’s market is typically characterized by conditions that favour buyers rather than sellers. During a buyer’s market, there tends to be an abundance of properties available for sale, fewer buyers actively seeking properties, and prices that may be more negotiable. Here are some indicators that can help you determine when it is a buyer’s market in real estate: Inventory levels: Check the number of properties listed for sale in your target area. If there is a high inventory of available properties, it indicates a buyer’s market. Sellers may have to compete with each other, giving buyers […]
June 1, 2023

Fish out of season.

  I was fishing off my dock a few days ago, I happened to catch a big smallmouth bass… It was a beautiful big fish, but it was not bass season.  The female bass are laying their eggs in safe places while the male are fertilizing the eggs and protecting them.  It is very damaging to their natural process to disrupt them during this crucial stage.  A very important part of enjoying fishing in cottage country is understanding how we all can play a role in keeping the lakes and fish healthy and sustainable by understanding the following. When catching […]
May 27, 2023

Docks at the cottage can be a challenge… Here are some tips.

Cottage docks can be challenging to maintain due to various factors such as exposure to the elements, wear and tear from usage, and the potential for damage caused by natural forces like waves, ice, and storms. However, there are several strategies you can employ to minimize these issues and keep your cottage dock in good condition. Here are some recommendations: Quality construction: Build your cottage dock using durable and long-lasting materials. Consider using pressure-treated wood, composite decking, or aluminum, which are resistant to rot, decay, and insect damage. Regular inspections: Conduct routine inspections of your dock to identify any signs […]
May 23, 2023

How will interest rates impact the cottage real estate market?

When interest rates rise, several potential effects on the real estate market for cottages can be expected: Increased borrowing costs: Higher interest rates typically result in increased borrowing costs for potential buyers. This can reduce affordability and make it more challenging for buyers to qualify for mortgages. As a result, demand for cottages may decrease, leading to a potential slowdown in the market. Reduced purchasing power: Rising interest rates can reduce buyers’ purchasing power. As mortgage rates increase, the monthly mortgage payments also rise, potentially limiting the budget buyers can allocate towards a cottage purchase. This can lead to a […]
May 15, 2023

What is a 2 stage furnace?

A two-stage furnace is a type of heating system used in residential and commercial buildings. It is designed to provide more precise and efficient heating compared to single-stage furnaces. In a two-stage furnace, the operation of the heating process occurs in two stages or levels, depending on the heating demand. The stages refer to the different levels of heat output the furnace can produce. During the first stage, the furnace operates at a lower heat output, typically around 60-70% of its total capacity. This stage is used when the heating demand is relatively low, such as during mild weather conditions […]
May 2, 2023

What is an egress window?

An egress window is a type of window that is installed in a basement or below-grade level of a building, typically used as an emergency exit in case of fire or other emergencies. Egress windows are usually larger than standard basement windows and are designed to provide an opening that is large enough for a person to climb out of. In the context of basement bedrooms in Ontario, egress windows are particularly important for safety reasons. In Ontario, the Building Code requires that any basement bedroom must have at least one egress window that meets specific requirements. These requirements include: […]
April 29, 2023

Minden or Haliburton…

Both Minden and Haliburton are beautiful places to live, each with their own unique charm and advantages. Ultimately, the choice between the two will depend on your personal preferences and lifestyle. Minden is a small town located in the Haliburton Highlands. It is known for its natural beauty, with many lakes and forests in the surrounding area. Minden is also home to a thriving arts community, with numerous galleries, workshops, and festivals throughout the year. The town has a strong sense of community, with many local events and activities organized by residents. Haliburton, on the other hand, is a larger […]
April 28, 2023

Historical property values in Haliburton County…

Haliburton County has been a popular vacation and cottage destination for many years. The area is known for its stunning natural beauty, including numerous lakes, rivers, forests, and parks. Property values in Haliburton County have fluctuated over the years, but overall, the trend has been upward. According to data from the Ontario Real Estate Association, the average sale price for residential properties in the Haliburton Highlands region (which includes Haliburton County) has increased steadily over the past decade. In 2011, the average sale price was $226,629, and by 2020, it had risen to $454,834, representing an increase of over 100%. […]