The answer to this question is yes. A fresh coat of paint is the most affordable way of making sure your property looks cleaner, newer, and like it has been maintained for some time. When you have scuffed or dirty paint on the walls, it may reduce your home’s overall resale value. However, it isn’t just the paint of your house that affects its overall value; it is also what color you choose that matters.

Colors to Avoid and Colors to Use

To get the highest possible price for your property, try to avoid colours that are too extreme or bright. While courage and creativity are excellent traits, they’re not rewarded well in the real estate market. Potential buyers must imagine their furniture and decor inside of your property. If your property is painted in colours like burnt sienna or sunset orange, it will make it infinitely harder for the potential buyers to imagine it as their own.

Mint Green for Kitchens

You may not know this, but buyers tend to offer $1,800 less for a home that has a kitchen painted in a trendy colour such as mint green. You must also avoid the color red as it can potentially reduce $1,500 from the overall price paid off your house, on average. Yellow is another colour you must avoid as it doesn’t settle well with potential home buyers. A colour that does well for kitchens is white.

Bright Green for Bathrooms

If you have your bathrooms painted in a bright green color, you might repel a lot of sellers. On average, typical home buyers tend to steer clear from vibrant colours used in a bathroom and prefer going for more neutral and calming hues in a room they will bathe and brush in the morning. Avoid other colors such as pink, bright yellow, and fire engine red. These are also colors that are less likely to help sell a house. Try going for light blues for bathrooms instead as they can on average, causing buyers to pay 1.6% more for a property.

Blue for Living Rooms

Did you know that when blue is used for property living rooms, it can lower its overall value by $189? Yes, there have been instances of homebuyers loving it, but most prefer to steer clear of it. Homebuyers also prefer colors used in a house that complement colors are used in every room. In general, there should be one theme followed throughout the house in terms of color palettes. Other colors that you should avoid for living rooms are bright yellow, bright green, and pink. Try going for gray when it comes to living rooms. It offers a calming ambiance that homebuyers love, and it gives them a chance to use statement colors for wall art and furniture with a neutral background.

Want some interior design ideas for 2022 before you sell your property? Take a look here.

Finally, deciding to invest in a house is not easy, especially given Canada’s current real estate market. This essentially means that you will be taking on a huge debt that you will commit yourself to for many years down the line. In addition to this, you will also have to save up for a substantial down payment on the property, which is also one of the biggest reasons why many Canadians are not homeowners yet. They simply cannot afford the down payment on a property.

A lot of us have the option to save up for a down payment, but we know that it takes many sacrifices and a lot of self-discipline to get there. It also requires individuals to commit to a particular plan to save up the amount by an ideal date.

With that big concern in mind, here are a few top tips for saving for a down payment on a house.

1.If you have any high-interest rate debts, pay them off as fast as you can!

The sooner you make payments on these debts, the more you save on overall interest rates.  When these debts are out of the way, you can put your money towards a down payment instead of paying a monthly amount elsewhere. You can pay off your mortgage much sooner by making higher payments.

2.Figure out problem areas where you spend too much.

Everyone has certain money weaknesses, such as; some of us tend to eat out a lot; others spend a lot of money on clothes. It doesn’t matter what your money weaknesses are; what matters is that you need to identify them by being honest with yourself. The more you deny them, the more it will delay your homeownership. Once you have identified your problem areas, you can set a much lower budget for yourself and these categories and calculate the overall difference.

3.Try to set up automatic transfers.

If you already have this done, then good for you. But for those of you that don’t, try to set up automatic transfers from your bank account to send a particular amount of cash from your checking account into your savings account every month. The sooner you get used to it; you won’t even think about this money when you budget your expenses every month.

4.Set a reasonable monthly budget for your household.

This may be the most significant thing you have to do so far: get all parties in your home to agree to a specific budget for every month.  Suppose you live from paycheck to paycheck; it should be your ideal goal to have some money left over from your previous paycheck before you get your next paycheck.

5.Consider a more modest rental.

If you are saving up for a down payment on a home, you may be paying a high amount in rent every month. To save more money for a down payment, consider downsizing and moving to a more modest rental until you have enough saved up.

Description: The hike in the prices of real estate properties has left investors feeling devastated, wondering if it is even the right time to buy. 

The Covid-19 pandemic rather negatively impacted the real estate market. While the pandemic pretty much impacted most things, there are a few sectors that remained untouched. 

The world is slowly healing from the severe economic disruptions caused by Covid-19, making investors wonder what is next for the real estate industry. While we cannot make specific predictions, we can track trends to come to a logical conclusion as to what comes next. Worry is a natural reaction to most things today. But, what does help, is doing all the research and educating yourself, so you know in your conscious mind what to expect from the future. 

Covid and Office Properties

Most people began working from home rather than from their offices due to the pandemic. Companies deduced that remote work caused their employees to work more productively and even beat their performance levels from before the pandemic struck. With the vaccination rates on the rise, many companies have returned to their work-from-the-office model, but many have chosen remote work over this. 

What impact does this pivot from in-office to WFH have on office-property investors in Collingwood, Ontario? If the company has a one-person per desk rule, this might significantly impact how they invest in office spaces. They may need floors with smaller subdivisions to accommodate these changes or entirely disregard expensive spaces to invest in more affordable spaces. 

This may change as the pandemic leaves us, but we can’t be sure at this point. 

As for commercial real estate investors, the advice would be to be mindful of the shift in desirable locations when investing in office spaces. Many investors have ditched the hustle and bustle of the city and invested in office spaces in the suburbs. It is a high possibility that investing in these locations might prove to be rather fruitful in the coming years. 

Commercial Properties Post Covid

The commercial real estate world was devastated because of the pandemic. The overall demand for office spaces, retail spaces, and hotel spaces has declined. This has, in turn, put significant pressure on sale prices and has reduced sellers’ expectations when it comes to selling their properties and turning a profit. However, on the flip side, the pandemic has increased the sales of properties for industrial real estate such as data centers, cell towers, and healthcare institutes. 

Have a Cautious But Optimistic View

Whether new or old, investors should be mindful of the lagging vaccination rates in several parts of Canada, whether new or old. These rates can quickly turn into future restrictions and lockdowns in parts of the country. Therefore, they should be careful when they are investing in these areas. It would be worth investing your time in a reputable real-estate agency like Collingwood Info to help you understand the many factors that now go into investing in real estate post-pandemic. 

So, what’s it going to be for you?

Description: Want to find out what makes for a modern-day successful real estate agent? Read on to find the top effective marking hacks all real estate agents must use to get ahead of the game.

For every real estate agent out there, the biggest worry is always the marketing strategy they employ and whether it is effective or not. They are getting it right results in expanding their presence in the market and helping them get more leads. 

The competition in the market is genuinely endless as new trends continue to pop up, making it nerve-wracking for those trying so hard to keep up. This is a task aside from the actual job, which is to manage and sell properties. Realtors must create marketing strategies to stay on top of their competition to get more buyers, sellers, and investors. 

Take a look at these effective marketing hacks real estate agents can employ. 

Have a Responsive Website

It counts more than you think. The Internet has been around for decades now, and most of us regularly rely on it to even get from one place to another. The first thing people do when they hear something new is “Google it.” To enhance your online reach, you need to have a functioning and responsive website that is mobile-friendly and can function on Windows, Mac, Android, and iOS. 

Inform Your Audience 

Even if you are on top of all the trends, it wouldn’t matter if your audience is not. As a realtor, people can trust it, and it is your job to make sure your audience is updated regarding new trends in the real estate market with the help of social media channels. Inform them not just of trends but also what your company is up to so they can build loyalty with your brand. A great way to do this would be to have a news page for your business so people can keep up with your growth and understand your brand values.

Advertise Effectively

Social media channels have pretty much taken over the world. While organic ads work, you can run paid ads for your business and reach a wider audience. Meanwhile, you can curate content that represents your brand well and keeps people updated on real estate trends in the industry. 

Give The Conventional Methods a Try

We must evolve with the times, which doesn’t mean we should leave behind what has worked for decades. We need to modify the conventional real estate marketing techniques. Still, to turn a more significant profit with the help of direct mails, postcards, pamphlets, and more just to grab the attention of people and hold it for much longer than a few seconds while scrolling. 

Want access to a reliable real estate agent in Collingwood, Ontario, that has your back through the changing trends? Reach out to us at Collingwood Info.