Fixer Uppers








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What You Need to Know About "Fixer Uppers"
Buying a fixer-upper home can have several advantages, but it also comes with its own set of challenges. Here are some advantages and considerations:
Advantages:

Lower Initial Cost:
Fixer-uppers are generally priced lower than move-in-ready homes, allowing buyers to enter the market at a lower initial cost.

Personalization:
Renovating a fixer-upper gives you the opportunity to customize the home to your taste and needs. You have control over design choices, layout changes, and materials.

Potential for Increased Value:
With strategic renovations, you have the pot> ...

Converting a Duplex to a Single-Family Home




























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Converting a Duplex to a Single-Family Home
 
Converting a Duplex to a Single-Family home is a significant renovation project that involves various considerations, including legal, structural, and design aspects. Here's what you need to know to undertake such a conversion:


Check local zoning and regulations:

Begin by contacting your local zoning department to understand the zoning laws and regulations in your area. Zoning laws vary, and some areas may have restrictions on converting multi-family dwellings to single-family homes. You may need to apply for zoning variances or permits. ...

Owning vs. Renting













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Owning vs. Renting
Owning a home and renting a home each have their own set of advantages and disadvantages. The choice between the two depends on your individual financial situation, lifestyle, and long-term goals. Here are some benefits of owning a home compared to renting:

Building Equity: When you own a home, you build equity over time as you pay down your mortgage. This can be considered a form of forced savings, and it can result in a valuable asset that you can use later in life.

Stability and Predictability: Owning a home provides stability since you are not subject to rent increases or eviction notices. Your monthly mortgage payments, if you have a fixed-rate mortgage, wil> ...

Current Interest Rates: October 2023














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Current Interest Rates: October 2023
People talk to me about interest rates all the time. Rates have been up in the low sevens for a while now. But what most people don't realize is that over the last 50 years, interest rates have been almost 8%. That's a 50 year average that's almost 8%. Today the rates are about 7.4%. 

So while it's pretty close, you're still buying a house and paying interest at a lower rate than the average interest rate over the last 50 years. Given the current market situation where there is almost no inventory and there is high demand, house prices continue to increase. So if you buy your house now and get the best rate you can get currently, you'll still > ...

Luxury Housing Report: October 2023


















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October's Highlights for Luxury Market Report

The report is a guide to the luxury real estate market in North American.  It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States.
 
This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
 
We review the status of September’s ma ...