The Real Estate Insider is a bi-weekly real estate publication that is produced and distributed by The Manchisi Team Remax Legacy Realty for the Milton, Campbellville, Brookville, Acton, Rural, Halton Hills and surrounding areas. The Real Estate Insider covers industry news, updates and all the latest listings of homes in the area. Home Buyers and Sellers can get all the tips, advice and industry news they need as it relates to the sale or purchase of their home. The Real Estate Insider is distributed through Canada Post to over 35,000 homes …. and growing.
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Many of us envision the gutsy move to flip a house for quick financial gains – and some people are quite successful at doing so, say advisors in this field. For those with the time, energy and technical skills, buying a property to fix up and sell later at a higher price or to rent out for a period of time, can be a worthwhile investment. But do your research. “Challenges can quickly mount for the novice who chooses to invest in real estate,” says Lincoln Thompson, broker-owner with Royal LePage Gardiner Realty in Fredericton, New Brunswick. “But if you take the time to choose the right home and rely on the right people for expertise, your investment can pay dividends.” Thompson offers three recommendations for success: 1. Take note of the taxes. As the saying goes, the only things certain in life are death and taxes. Depending upon the municipal, provincial and federal taxation requirements for your area, sales tax and land transfer tax will apply at differing levels across the country. You could even be taxed based on the level of renovations if a lot of work has been done. Also, consider the personal or business taxation implications from the sale of the property or on rental income that is generated. An accountant and lawyer are two people you’ll want to bring in early before you venture into this realm. If you find the right home in the right location, taxes may not be a deal breaker, but be aware that paying them will cut into your profits. 2. Consider a joint venture, but choose your partners wisely. Each party should bring to the relationship what others within the deal cannot. For example, if you have trade or technical expertise but are lacking funds or financial expertise, you’ll want to concentrate on finding investment partners who bring these skills to the relationship. Don’t partner with people who have the same strengths and weaknesses as you. If you are lacking expertise in any area, including real estate, hire a real estate agent with experience in real estate investment within the location you are considering. An experienced agent will also aid in bringing together the right deal makers. 3. Don’t buy a property without answering these basic questions: Can I buy it below retail market value? Can I do small renovations to increase the value? Is there an increase in demand for the area? Are there sales over list price in the area? What is the nature of the surrounding properties? What amenities and services are within walking distance? Do I need to purchase appliances? Can this property be rented? If so, what are the going rental rates for similar properties in the area? Real estate investment is a great way to supplement your income if you do your homework and set yourself up for success with the right expertise. WHAT’S INSIDE: Buying the Right Sized Home?: PAGE 2 Oakville • Milton • Campbellville • Acton • Rural • Halton 27 Easy Fix Up Tips, PAGE 7 Ridding Your Home of Tobacco Odours, PAGE 7 YOUR SOURCE FOR REAL ESTATE INFORMATION Volume 31 Escarpment Manchisi Realty Ltd., Brokerage Independently Owned & Operated Not intended to solicit persons or properties currently under contractual agreement. Office: 905.875.4594 [email protected] • [email protected]www.facebook.com/Manchisiteam www.manchisiteam.com Sales Representative & Broker of Record 2014 2013
Transcript
Many of us envision the gutsy move to flip a house for quick financial gains – and some people are quite successful at doing so, say advisors in this field. For those with the time, energy and technical skills, buying a property to fix up and sell later at a higher price or to rent out for a period of time, can be a worthwhile investment. But do your research.
“Challenges can quickly mount for the novice who chooses to invest in real estate,” says Lincoln Thompson, broker-owner with Royal LePage Gardiner Realty in Fredericton, New Brunswick. “But if you take the time to choose the right home and rely on the right people for expertise, your investment can pay dividends.”
Thompson offers three recommendations for success:
1. Take note of the taxes.As the saying goes, the only things certain in life are death and taxes. Depending upon the municipal, provincial and federal taxation requirements for your area, sales tax and land transfer tax will apply at differing levels across the country. You could even be taxed based on the level of renovations if a lot of work has been done. Also, consider the personal or business taxation implications from the sale of the property or on rental income that is generated. An accountant and lawyer are two people you’ll want to bring in early before you venture into this realm. If you find the right home in the right location, taxes may not
be a deal breaker, but be aware that paying them will cut into your profits.
2. Consider a joint venture, but choose your partners wisely. Each party should bring to the relationship what others within the deal cannot. For example, if you have trade or technical expertise but are lacking funds or financial expertise, you’ll want to concentrate on finding investment partners who bring these skills to the relationship. Don’t partner with people who have the same strengths and weaknesses as you. If you are lacking expertise in any area, including real estate, hire a real estate agent with experience in real estate investment within the location you are considering. An experienced agent will also aid in bringing together the right deal makers.
3. Don’t buy a property without answering these basic questions: Can I buy it below retail market value? Can I do small renovations to increase the value? Is there an increase in demand for the area? Are there sales over list price in the area? What is the nature of the surrounding properties? What amenities and services are within walking distance? Do I need to purchase appliances? Can this property be rented? If so, what are the going rental rates for similar properties in the area?Real estate investment is a great way to supplement your income if you do your homework and set yourself up for success with the right expertise.
WHAT’S INSIDE:Buying the Right Sized Home?: PAGE 2
Oakville • Milton • Campbellville • Acton • Rural • Halton27 Easy Fix Up Tips, PAGE 7Ridding Your Home of TobaccoOdours, PAGE 7
Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:
• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES
Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.
Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.
*For Prudential Canada 2008-2011
Stability • Experience • Relationships
About Domenic Manchisi
Member of theCross Canadian Referral Network
Are You Buying theRight Sized Home?
Is bigger always better? When it comes to purchasing a home, the answer is, in most cases, no. Unless you’re a family of 10, searching for a home with the greatest square-footage you can afford shouldn’t be your top priority. Instead, it’s more important to carefully consider usable living space, which is a very individual thing and different for every family.
Buying the right sized home goes both ways. It also isn’t in your best interest to buy a two-bedroom home when you know that you’ll be starting a family soon.
Tips for choosing the right size home:
For first-time buyers or young couples starting out, buy a home with the next five to seven years in mind. Even if you don’t plan on having kids for a couple years, moving is expensive and it isn’t a process you want to repeat two years down the road.
Empty nesters should be thinking of enjoying their golden years when house hunting. Buying a smaller home with fewer bedrooms and less outdoor space will make it much easier to enjoy those extended vacations.
One thing you definitely don’t want to do is search for a house that will accommodate your entire extended family during holiday dinners. It just doesn’t make sense to buy based on the needs of two or three days of the year. Find a home that is just right for your family, the people who will occupy it the other 363 days per year. You can always buy a few fold-up tables and chairs for that special Christmas dinner! ?
Buying a more modest-sized home has another advantage, and this one means big savings for your wallet - energy conservation. Heating and cooling a 5,000 square-foot isn’t cheap. Furnishing and decorating a massive home is expensive, too.
Finally, you can count on spending much less time cleaning a smaller home, which means more time to spend with family and doing the things you actually enjoy!
Not intended to solicit persons or properties currently under contractual agreement.
to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated
Volume 31FO
R SALE
Absolutely stunning custom built home situated in executive churchill estates. Quality finishes throughout, impeccably maintained. Spacious floor plan, main floor offers den, gorgeous chef’s kitchen with view of the pristine property, family room, den and separate dining room. Stunning main floor master suite offers a walkout to deck, fireplace and impressive 5 piece ensuite. Finished walkout lower level offers 2 bedrooms, recreation and games room and 2 extra rooms.
Large family home, hardwood on main floor, eat-in kitchen with stainless steel appliances, walk out to balcony and over looking family room. Family room with gas fireplace and hardwood floors. Huge dinning or living room, main floor den over looking gardens. Large master bedroom with 5 piece ensuite, 2nd floor laundry. Basement with high ceilings and full walkout to fence yard (a $35,000 upgrade).
Gorgeous home located in a quiet village of Limehouse. Adjacent to the Bruce Trail. Situated on 1.39 Acres. This home is an Entertainers Dream! Pride of ownership. Main floor offers, living room, separate dinning room, and a family sized kitchen. Beautiful Crown moulding. Upper level offers 3 bedrooms, and a 5 piece bath. Finished lower level offers 2 recreational rooms a fireplace and a wet bar. Attic can be finished into a loft, electrical is finished and ceiling is framed for stairs. Located on a exquisite property with large deck, work shed and a small cabin with power. Beautifully landscaped property.
11309 22nd Side Road �������������������������������������������� $849,900
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FOR SA
LE
Exquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5 piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated and air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.
13268 Fifth Line ����������������������������������������������� $4,500,000
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Not intended to solicit persons or properties currently under contractual agreement.
Absolutely gorgeous all brick raised bungalow located in a family neighborhood close to all amenities. Impeccably maintained just move in and enjoy! Hardwood floors. Large living and dinning room, eat-in kitchen, 3 good size bedrooms. Finished lower level with 2nd kitchen, recreation room with wet bar, 4 piece bathroom, 2nd recreation room with fireplace, cantina and separate entrance - great in-law suite/income potential/large family. Fenced yard with large patio with gazebo. Beautiful curb appeal , large yard shows 10+.
Gorgeous 3+1 bedroom, 4 bath home situated on a corner lot! Pride of ownership throughout. Hardwood floors/staircase, open concept main floor – great space for family get togethers! Separate dining room, living room offers high ceilings and lots of windows! Finished basement with 2 recreation room areas, 3 piece bath and 4th bedroom/den. 3 Good size bedrooms, master bedroom with 4 piece ensuite, 2nd and 3rd bedroom with 4 piece “Jack and Jill” bath! Beautifully landscaped – just move in and enjoy!
639 Bennett Boulevard ������������������������������������������� $559,900Beautiful 4+2 bedroom, 4 bath open concept spacious home. Offering hardwood floors on main floor, main floor family room overlooking kitchen with gas fireplace. Kitchen offers granite counters, breakfast bar, stainless steel appliances and walk-out to deck. 2nd floor with 4 bedrooms, master bedroom with 3 piece bath and walk-in closet. Finished lower level offers recreation room + 2 bedrooms and 3-piece bath. Inviting curb appeal, fenced yard with large deck and shed, located across from park and splash pad. Short walk to school.
CALL TODAY905-875-4594
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FOR SA
LE
Charming and beautiful raised bungalow minutes to Tottenham, Park setting with trees and open fields. Large finished stylish living space, vaulted ceilings on main floor, newer hardwood flooring, fresh paint, formal dining, huge renovated kitchen with new counters and tiled backsplash and flooring, stainless steel appliances, breakfast bar, overlooking dining room/family room with fireplace and walk out to terrace. Renovated 2 piece ensuite in master. Lower level family room with walk out to backyard. In-law suite with separate entrance to 1 bed apartment.
6929 4th Line �������������������������������������������������� $549,900
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Not intended to solicit persons or properties currently under contractual agreement.
to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated
Volume 31FO
R SALE
Less than 5 years old 1 bedroom luxury suite in Tridel building “Ultima” with upgraded engineered hardwood floor. One exclusive parking spot underground access to subway. State of the art amenities including golf simulator, indoor pool, gym and exercise room. Walking distance to all shopping and transit. Amazing Value!
4978 Yonge Street, Unit 811 ��������������������������������������� $279,900
FOR SA
LE
Absolutely gorgeous one of a kind completely renovated unit! No expenses spared! Top of the line quality finishes throughout. Open concept kitchen and living room – a terrific space for entertaining! Engineered hardwood throughout! Modern kitchen with centre island, stainless steel appliances overlooks the unit. Large windows makes this unit very bright! Master bedroom with walk-in closet and 4 piece ensuite.
Stunning semi detached home. Impeccably maintained Heathwood’s Azalea model with 2,206 square feet plus approximately 600 square feet in the finished basement. Hardwood floors on main floor. Living room/dining room combination, main floor family room with 2-way gas fireplace. Family room is open to kitchen. Gorgeous eat-in kitchen with quartz counters, back splash, island, stainless steel appliances and breakfast area, walk out to patio. Spacious bedrooms second floor computer nook. Master bedroom with walk in closet, 5-piece ensuite. Fenced yard with stone patio. No side walk.
Beautiful 4 bed, 4 bathroom and 2 kitchens in Wot. Close to hospital, transit, parks and shopping. Spacious home offers hardwood floors, living/dining room combo, hardwood staircase, main floor family room, main floor laundry with garage access. Family size kitchen with walk-out to yard offers granite counters and backsplash, stainless steel appliances and breakfast area overlooking family room. 4 large bedrooms, master bedroom with 4 piece bath. Finished basement with 2nd kitchen, 2 piece bathroom, recreation room with bar. Great curb appeal, mature landscaping, fenced yard with stone patio, gazebo, gas BBQ and garden.
Gorgeous open concept 3-level back split situated on a huge lot in desirable dorset park walk to amenities and close to highway, many updates to the home extensive landscaping roof (2012) shed (2013) newer appliances high end engineered laminate floors. Main floor offers an open concept design with large renovated kitchen with island. Large living room with bay window is combined with dining room.
1389 Derby County Crescent 879 Maple Avenue
SOLD
Sought after Timberlea 4 bedroom home situated on a large corner lot. Parking for 4 cars in driveway (no sidewalk). Spacious home, main floor offers hardwood floors, separate living room and dining room. Main floor family room with gas fireplace and walk out to yard. Family size kitchen with lots of light. Main floor laundry room with separate entrance. 2nd floor offers 4 bedrooms. Master with renovated 5 piece ensuite bath and walk-in closet. Finished lower level adds for extra living space. Large fenced yard with shed, patio and in-ground pool. Main floor rear windows are UV protected to eliminate fading.
Throughout our search for a new home Domenic was very helpful with suggestions, appointment reminders and being there when we needed him for questions and details. In the beginning my husband and I didn’t have a clue what we were looking for, Domenic was very helpful and made sure we understood every detail. When we found the home of interest Domenic was sure to examine everything for us to make sure there were no underlying problems with our home. Domenic also helped us fin a lawyer and home inspector, due to difficult hours and no real understanding of the first place to look at either one. We are very happy and satisfied with Domenic Manchisi’s representation and care for our best interests. If you need someone that will do the same for you I would strongly suggest Domenic. Thank you so much for all you’ve done for us I hope you make so many more people as happy as what you’ve made our family.
Not intended to solicit persons or properties currently under contractual agreement.
to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated
It isn’t too often these days that you enter a home and are overwhelmed with a blue cloud of tobacco smoke. But smokers are still out there and some still do smoke in their homes. If you’re one of these homeowners and you’re thinking about placing your home on the market, you’ll need to take some measures first to ensure that the smoke odours in your home don’t turn off prospective buyers.
Aside from the negative impacts on one’s health, a home that smells of cigarette or cigar smoke hits you in the wallet too. Homes that have been heavily smoked in often take two to three times longer to sell and will often fetch 5 to 15 per cent less than a home that doesn’t have smoke stains or a pervasive odour, according to the website quitsmoking.com. When it comes to home insurance, most companies agree that smokers are at greater risk for having a fire. Premiums are usually higher when there are smokers living in a home. Alternatively, non-smokers get a discount, anywhere from two to 10 per cent.
If the challenge of kicking the habit is too much to take on, before you put your home up for sale start limiting your smoking to
outside the home and take extra steps to deodorize indoors
This is not a task for a can of aerosol air freshener. Start by opening as many windows as possible for as much of the day as possible. Think about investing in an air purifier or borrowing one if you can. You can spend anywhere from $100 - $1,000 on one but it’s something you will get plenty of use out of. Run the air purifier in different rooms of the house in 12-hour intervals. As for the walls and ceilings, they’ll have to be scoured, rinsed, dried and then sealed with a specialized primer paint to prevent nicotine from seeping through the fresh coats of paint overnight. Cabinets, drawers, closets, furnace ductwork, filters, windows, closets, ceiling fans and light fixtures will need to be cleaned off and bulbs replaced.
And finally, take down drapes and curtains and have them professionally cleaned. Have someone come in to clean your carpets and furniture or do it yourself. Remember, though it may seem expensive and like a lot of work, do some math. What is 15 per cent of your home’s price? It’s better to spend a couple hundred dollars now in order to make thousands more on your home sale.
Volume 31
HALTON — Because your home may well be your largest investment, selling it is probably one of the most important decisions you will make in your life. And once you have made that decision, you’ll want to sell your home for the highest price in the shortest time possible without compromising your sanity. Before you place your home on the market, here’s a way to help you to be as prepared as possible.
To assist homesellers, a new industry report has just been released called “27 Valuable Tips That You Should Know to Get Your Home Sold Fast and For Top Dollar.” It tackles the important issues you need to know to make your home competitive in today’s tough, aggressive marketplace. Through these 27 tips, you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible.
In this report you’ll discover how to avoid financial disappointment or worse, a financial disaster when selling your home. Using a common-sense approach, you get the straight facts about what can make or break the sale of your home. You owe it to yourself to learn how these important tips will give you the competitive edge to get your home sold fast and for the most amount of money.
To order your free copy of this report, check us out online at: www.halton27tips.com
Ridding Your Home ofTobacco Odours
Page 8
Not intended to solicit persons or properties currently under contractual agreement.
