Kitchener-Waterloo Real Estate Market January 2020
Fixing Yourself Up with a Fixer-Upper
Do you have what it takes to turn a dump into a dream? It’s easy to fall under the spell of reality TV’s quick and dramatic fixer-upper transformations, but don’t be fooled into believing that every project has a fairy tale ending.
Buying a fixer-upper is a great way to get into the market, but it’s a huge decision that shouldn’t be taken lightly. Here are a few things to consider if you’re ready to take on the task:
Inspect the Unexpected
Have the home inspected by a highly qualified professional to help make sure you don’t end up with a structurally flawed money pit.
Time & Money
Set your renovation budget with a bit of wiggle room to allow for any unexpected surprises. The same goes for your timeline as delays are inevitable.
Fixing up a home is a great opportunity to learn new skills, but it’s also important to know your limits. Mistakes can be made while painting but tiling, for instance, is a one-shot deal.
The unexpected twists and turns of a renovation will drain time, money and energy. Living with the mess can also be stressful so make sure you and your partner have a solid relationship.
It’s important to think long-term and try to determine what your newly fixed up home will be worth to the next set of potential buyers.
Buying a fixer-upper can be an extremely rewarding experience but it’s also a lot of work. It’s therefore important to carefully examine the pros and cons and to be clear about whether you’re willing to undergo a full-on renovation or just a little cosmetic work. Whatever you decide, please don’t hesitate to get in touch if you have any questions!
EXCITING NEW TECH TRENDS
Every year, the Consumer Electronics Show in Las Vegas introduces new and exciting home-based technology. Here are a few of the latest innovations in smart home technology:
Come On In
The smart lock market is exploding, and one in particular stood out this year, as it comes with a fingerprint scanner and a built-in doorbell camera.
Trash cans built with voice and motion sensors mean you can walk over with your armful of garbage and command the bin to open up!
Singing in the shower just got easier with a new high-tech showerhead that comes with a built-in Alexa speaker. You can even change the water temperature using voice commands!
These are just a few of the coolest tech gadgets that have recently hit the market. As homes get smarter and more connected, homeowners will continue to benefit by enjoying unprecedented levels of convenience and comfort.
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