Buy the least expensive house in the most expensive neighbourhood

BE PICKY WHEN HOUSE SHOPPING   Typically we like to buy quality when we shop which included shopping for our home. This is why we scoured every available neighbourhood around our city for the best deal. The only thing we don’t like is paying full-price which meant we had our work cut out for us. Thankfully, it worked out in our favour. When buying a house you want to make sure that if you are buying a $400,000 house that the neighbourhood matches the price tag or you might struggle to sell as fast as you’d like down the road. This is why we hear over and over not to over-renovate but then again a smaller house in a bigger neighbourhood might have more luck finding a buyer than a house that costs far more than smaller surrounding homes. Today I have an email from a guy who is a first-time home-buyer with his wife and wants to know if they should spend the money and get the biggest house they can or a smaller house but in a more expensive area. Note: If you have a question for me please send me a detailed email similar to below so […]

Parents downsize to $400,000 small house and kids are embarrassed

LIFESTYLE CHANGE IS NOT EASY   Downsizing to a small home can be a struggle from finding the right home to selling what you no longer need.  You might also find there is opposition from others that live in the house about moving to a not as “posh” area as we will learn today from one couple. Downsizing is an interchangeable word where it can be to sell a large home to buy a smaller one or simply to get rid of something or stuff that you no longer need. My parents did just that but it was after I moved to Canada. They were living in a 3 bedroom home in the UK and once my parents were near retirement they decided to rent out the home, downsize and buy a caravan. The caravan is custom trailer that looks just like a home on the inside with all the amenities minus all the maintenance. There is a bit of work to do but not near as much as my parents had in the past. My mum and dad took all the belongings they didn’t need any longer and sold them at a car boot sale (a.k.a garage sale). The […]