A 27 year old mobile home, previously assessed at $55,400 in 2021, is now being assessed for $116,000, a $60K increase, year over year. BC Assessment had previously de-valued the mobile by -$1700 in 2021 even with an increase in the land value.
Category Archives: Buying Recreational Property in B.C.
Altered Expectations Required To Return Balance
Using the historically high 2021 figures as a benchmark for where market values should aim to be is misleading to potential buyers, investors and home owners. Your home is only worth what someone is willing to pay for it, at the time you are ready to sell it. And you should only buy or sell a home or property when it makes sense for you, and not just when the market is at the lowest or highest point. Yes, it is financially advantageous when you can time the purchase or sale of your property to coincide with the beginning or end of a cycle, but the real return on investment in owning your own home is received while you are living in it and still paying for it. Somewhere along the line we have forgotten that.
Waterfront Property Rewards Beyond Value Retention
Savvy buyers and property investors look beyond luxury square footage to first locate a one-of-a-kind, spectacular location before entering into any type of residential or
commercial land purchase, and so should you!
Whether you buy .25 or 500+ acres, a land purchase is an investment in the physical geography in that unique location. Highly sought after geographical attributes like, water frontage, clean air, sunshine hours, fertile soil, mild climate, mature trees & timber, the view, the privacy and clean drinking water, all factor into the locations desirability and increases the richness of both lifestyle and market value.
Assessing your property for security
Start by walking your property and the roads or alleys surrounding it, and examine it like a thief would, looking for opportune points of entry. You should do this in the daytime and at night, to get the perspective of what a thief might see on foot and from a vehicle. The harder it is for a thief to get onto your property, the less likely you are to experience a burglary or property crime. Opportunity is what most criminals look for, un-gated
driveways, hedges around an unfenced border, gates without…
Carefully Calculate Closing Costs as Conveyancing Fees Increase
Many complex and critical steps take place behind the scenes when you enter into a real estate transaction and you should always choose to work with a licensed and reputable conveyancing professional. If you are shopping around for the best mortgage and rate, it now makes sense to shop around for the best deal in conveyancing at the same time.
The Value of a Property Boundary Survey can be Priceless!
Many rural and remote acreages are being purchased this year and lots of buyers are discovering that they need the professional services of a surveyor to begin the process of securing the land with gating and fencing and to plan out the location of new dwellings and outbuildings. A boundary survey adds value to your title, it allows the title owner to confidently create a land use plan and develop the acreage to add maximum value using the land in the best possible way.
Finding the right property in a low inventory market.
Positioning for profit and peace of mind.
YOUR HOUSE HAS BECOME MORE THAN JUST HOME BASE
We have spent more time at home, in our houses, condos and apartments in the first five months of 2020 than any other time in history.” Simultaneously around the globe in March, humanity was sent home to stay home. Home has become a workplace, a classroom, a workout studio/gym, a revolving gourmet restaurant, a dance […]
Due Diligence – Risk Mitigation For Buyers
It is the duty of the buyer to gather all necessary information on actual or potential risks involved in a home or property investment. An experienced realtor will assist you through this process, but It is ultimately your responsibility to examine and confirm that everything you have been provided about a listing actually checks-out to […]
Buying Waterfront Property – Finding that perfect shoreline.
Buying waterfront recreational property in BC is the dream of so many homeowners. Luckily, BC has thousands of different waterfront landholdings; from seaside properties on the Sunshine Coast and Vancouver Island, to owning beach front in the vibrant sunny Okanagan, to cozy cabins and R.V. lots on lakes all the way north up through the […]
Recreation and Relaxation, Investing in Resort Property.
Recreational property ownership is all about having a place to unwind & relax, enjoy family, and get outside for some adventure. With so many activity options an investment in a resort property will give growing families years of enjoyment, and an option to rent out your property when not in use to help pay for […]