YOUR HOME YOUR GREATEST ASSET
Amongst all your financial investments your home is one of the most valuable asset. It holds a monetary, as well as an emotional value to you.
Who is taking care of your most valuable asset? Who is your Real Estate Advisor?
Every quarter or sometimes annually we receive a statement of our investments from our Financial Advisor, detailing what our proposed investments are worth now. Some go as far as to offer advice on your next steps to grow your investments. If your home is one of the biggest investments in your life, why is there no valuation update provided annually? What are your resources in ensuring you maintain and grow the value of your home? Who tells you what is going on in the real estate market and more specifically your geographical area? What should your next recourse be? These are all valid questions that you should be asking and my goal is to answer all these and any other questions that you may have regarding your real estate needs, neighbourhood updates, community events and developments.
Below are some ways to stay on top of your home investment:
Stay on top and in control of your home repairs these tend to creep up on you. Whether it is a simple replacement of a fused light bulb or an extensive roof job, organize yourself and get it done as it appears. It will hurt your wallet less as well.
Do not drain your money in extensive renovations. Start with small, achievable tasks:
- fresh coat of paint
- new light fixtures
- change the hardware on your cabinets
- a new vanity in the poder room for more pizazz
- paint your kitchen cabinets
- upgrade to granite countertops
- new flooring
Keep yourself up-to-date on the real estate market. What are homes selling for in your area? What are their key features? What makes your neighbourhood a special place to live? This information should be available to you through a qualified real estate professional and will be valuable whether you decide to sell your home or not.
Always get Professional Advice
When hiring a contractor for repairs and renovations, get at least three quotes and make sure you hire a qualified professional. You have enough in your daily life between juggling work, family and other obligations. Leave the sale of your home to a traine expert. Speak to a qualified mortgage specialist, an expert real estate lawyer and most importantly, a dedicate real estate sales representative.
Hiba Rizvi is with CENTURY 21 Miller Real Estate Ltd. in Oakville, ON.
Posted by Hiba Rizvi
on May 7, 2012