If you are looking to buy an Ottawa home now and want to resell it later on for a profit, you need to consider the sort of home you want to acquire. You need to make it appealing to prospective buyers in the future. Here are some of the things you need to check to make sure your acquisition is a potential money-maker.
1. Firstly you need to consider where you home is situated. Check to see if it is in a good and conducive Ottawa neighbourhood and whether there are schools, shopping and community centers in the vicinity.
2. You must rule out that the Ottawa neighbourhood is a prime target for crime. Check with your Ottawa real estate agent and ask about the recent crime rate statistics of the area to ensure that the neighbourhood is a safe place to live.
3. Are there going to be future developments in the area? Will the neighbourhood have more schools, shopping complexes, residential homes, etc in the future? Check to see if it will affect the property value for the home you are planning to buy.
4. In order to have a higher chance of getting a good resell value in the future, make certain that the house you want to buy is spacious and has a minimum area of 1200 square feet.
5. Since 3 bedroom apartments or houses are very popular, you should search for a home like this if it fits into your budget and lifestyle.It will make it easier for you to sell the house when the time comes.
6. Decide on whether you want a single or double story residence. A young family would be better off getting a two story house while a family with aged or disabled family members should decide on a bungalow
7. Do you want a house equipped with a pool? While it is a good feature to have, you should really think about your prospective future buyers. Most people do not really want to buy a home with a pool since it is quite costly to upkeep. Having a pool may put off certain buyers and those could be potential lost deals.
8. How about having a garage? You should decide if you want a house that has a single or double garage. This would be an appealing feature for potential buyers in the future.
9. Do not consider buying a home with anything less than 2 bathrooms since many people are looking for that feature when buying a home. This is almost an expected feature nowadays.
10. With the different seasons we experience, try to choose a house that has a built-in fireplace, and a complete air conditioning system.
Your first priority is to find a Ottawa house that will produce a good return on your investment when it is time to resell.I have helped many homebuyers find a good resell home and can help you too.
HomeLife Capital Realty Inc., Brokerage*
