Linda Giovanniello

It’s important for both buyers and sellers to be informed about the market they’re entering: Buyers will want to make sure they’re not paying too much for their perfect home; and sellers will get the most they can while still attracting potential buyers.

• Location counts. Within London house prices vary from neighbourhood to neighbourhood. It’s not as easy as north-versus-south or east-versus-west.
• Size matters. The larger the lot and frontage, the more expensive the property. And, naturally, the bigger the house, the more money it will cost. (A note about square footage: Particular to London, realtors don’t offer the specific size of a resale house. This may surprise newcomers because many cities typically list square footage. Your realtor can find out the square footage.)  Number of bedrooms, bathrooms and garage size will also affect the price.
• House style will impact the price. Typically, two-storey homes will sell for more than split levels which sell for more than one floor homes.
• Garages: If all else is equal (e.g. house and property size) a well-maintained single-car garage will add $10,000 - $15,000 to the price. A double-car garage will add $15,000 to $20,000 to the price.

Before you buy or sell a house, ask your realtor to do a Market Evaluation of the property.