We find there are two main motivators to buyinghomes in Winnipeg. The first is buying a home as a primaryresidence. The second is buying a home as an investment (whether it befor the long term as in a rental, or shorter-term speculation such as in aflip). Either way, home purchases are huge investments! Whatever the cause,bear in mind a few things when you go searching for Whyte Ridge Homes For Sale, tomake the purchase easier for you.
House size for rent.
If you are buying a home to rent, then certaincriteria become more important than others. For instance, the number ofbedrooms, the proximity to public transit, if there is central air conditioning,the school district, etc. While many of these items matter for primaryresidences as well, it is paramount for a rental property. Keep in mind whenbuying a rental, that you are looking through the eyes of prospective tenants,not through your eyes of what is desirable. Associates of the Jennifer QueenTeam own their own prospective rentals, and we recommend working with agentsthat have the tools and background such as this team.
Value in the “big projects”
Find a house with WinnipegReal Estate Agentsthat has been updated. We don’t mean cosmetics,necessarily. While the cosmetics improve the resale value, what minimizesyour costs as a landlord are significant improvements to the house in the arenaof items that might normally be considered maintenance items. Forinstance, newer shingles, updated furnaces, and hot water tanks, increasedinsulation, etc. are all incredibly valuable, as they represent huge costs downthe road. However, if they are done now it represents much less ownermaintenance in the long run. Small cosmetic updates can be easily done bythe landlord and that is where you can increase your rental value.
External looks are also significant.
Never underestimate the power of curb appeal, evenfor a rental property. First impressions are everything, and some buyerswill choose to not even tour your home if it doesn’t look appealing from theoutside.
Look for an up and coming neighborhood.
Look for an up and coming neighborhood. There are always neighborhoods in every community that is currentlyundervalued, Winnipeg includes. This would, of course, save you money nowand make sure you make a good profit if you sell the home in the future. Also,give a good deal of weight to homes in good school catchments.
You will have to spend more time surveying before you find the perfectSouth Winnipeg Real Estate for you. We highly recommend hiring an expert tohelp you in your search, because real estate as an investor is very differentfrom real estate as a primary residence!