January 2022 Real Estate Newsletter
Monday Jan 17th, 2022
Welcome to January! 2021 was quite the roller coaster ride for residential real estate! Inventory started out low, bidding wars became the norm and prices skyrocketed. So far, we are off to a slow start this year with incredibly low inventory across the board and very few sales to report. Will 2022 continue to be a seller’s market? It looks like its heading that way – only time will tell!
TOP UPGRADES FOR THE RESALE MARKET
When it comes time to put your home on the market, you might want to consider doing some renovations to maximize profits and increase the saleability of your home. Most buyers today want move-in-ready homes and will pay top dollar for a beautiful design. Here are some of the most important parts of your home that you should invest your money into sprucing up.
I think this is the most important part of a house. A nice kitchen is a major selling feature and can make or break a sale. The goal is to attract a wide demographic of buyers by picking more neutral tones and a timeless design while keeping within a budget. Make it look bright, spacious, and inviting.
Everyone loves a shiny new bathroom! Keep it neutral again – bright, spacious, and inviting. If you have an opportunity to create a bathroom in your basement or an ensuite in the master bedroom, this will add value and attract more buyers.
A fresh new paint job is always a great idea. Stick to something light and bright that will complement your flooring and space. Your ceiling might need a coat or two as well. Don’t forget your baseboards, doors, and trim.
Some other items to consider updating are your floors, windows and your landscaping. The goal is to make your home appealing to buyers and to maximize your selling price. Always consult with and hire a professional.
Neighbourhood Feature: North Gower
I love a small town! North Gower is a small community located south of Manotick and with Kars and Osgoode neighbourhoods to the east. The main part of town is the intersection between Fourth Line Rd and Roger Stevens Dr. Some of my favourite local spots are: The Marlborough Pub is a fantastic pub that features live music and great pub foods. Another great spot is a café called Kitcheness. They offer baked goods, sandwiches, and breakfast and are locally owned.
Homes in the surrounding areas are typically large bungalows on estate lots. The public school is on Church Street and high school students attend South Carleton High School in neighbouring Richmond. North Gower is a quiet and cute little area with all your essential needs – a Perkins Lumber, a convenience store, gas station, pizza shops and more. A great place to consider living if you are looking to live in the country!