1. Is this the neighborhood I see myself staying in for the long haul? Location matters, folks!
2. Will the lot size provide enough space for you to grow, both personally and spatially?
3. Can you realistically afford renovations on top of the house price? Renovations can be pricey, so it’s essential to have a clear estimate of the costs involved.

If the answer to these questions is a resounding “yes,” then you might have found your diamond in the rough! But remember, getting an accurate estimate of renovation costs is crucial, especially in a fast-paced market. That’s where working with a team like ARHOUS can be a game-changer. They’ll be able to provide you with the numbers you need and guide you through the process of purchasing and renovating your fixer-upper.

Now, let’s switch gears and talk about turning your fixer-upper into a money-making machine. If your goal is to invest in a property that appreciates over time and brings in some sweet profits, you need to consider the following:

1. Is this neighborhood primed for higher price points in the future? Investing in the right location is key to a successful venture.
2. Check for any restrictions on renovations in the area, like historical preservation regulations, that might limit your potential upgrades.
3. Crunch the numbers carefully. If you had to sell the house right after renovating it, would you still make a profit, factoring in closing fees, land transfer taxes, and real estate fees?

If you can hold onto the property for 1-2 years, on top of the equity from the remodel, you will also likely catch the wave of the growing market in Niagara and avoid paying taxes on your profits.

Remember, investing in a fixer-upper in Niagara can be both thrilling and rewarding, but it’s essential to approach it with a clear plan and realistic expectations. Whether you’re looking to create your dream home or build a profitable investment in Niagara, asking yourself the right questions will set you on the path to success.

Ready to go? Let’s make those fixer-upper dreams come true!

Schedule a call with us to learn more HERE.

The post How to know if a fixer-upper house the right buy? appeared first on ARHOUS.

The key to this strategy is to work with an agent who knows the ins and outs of fixer-uppers. These properties might need a little TLC, but they present excellent opportunities for the savvy investor. Look out for distressed sellers or dated houses in prime locations – those are your golden tickets.

Now comes the exciting part – hunting for that perfect type of property! Consider going for the least desirable house or one of the smaller ones on the street. Why? Because these diamonds in the rough have massive potential for improvement and increased value.
Once you’ve found your gem, it’s time to roll up your sleeves and get to work. You’ve got two options here: either renovate the house before moving in, or take your time and work on it bit by bit while you live there. By the end of the renovations, you’ll have transformed the property into one of the most desirable houses on the street. Talk about a satisfying accomplishment!

Now, the fun part begins – living in your beautifully updated home for the next 1-2 years. Not only do you get to enjoy your lovely abode, but there’s a significant financial perk to this as well. If you make this house your primary residence for the years that you own it, you can avoid capital gains tax when it’s time to sell. Pretty neat, huh? So, let those 1-2 years fly by while your investment continues to grow.

Of course, we won’t sugarcoat it – the renovation phase might be a bit uncomfortable for a few months. But trust us, the payoff is worth it! Think about the financial progress you can make by putting in some hard work and dedication. And hey, no one said you have to do this forever. Moving every few years may not be the most enjoyable process, but when you consider the potential financial gains, it’s definitely something to seriously consider.

Ultimately, real estate investing requires a bit of daring and a willingness to step out of your comfort zone. But the rewards can be remarkable, with the potential to increase your wealth by a substantial amount. So, if you’re up for the challenge and eager to see your bank account grow, why not give this strategy a shot?

Remember, it’s essential to work with professionals who can guide you through the process and help you find the right properties. With the right agent, a bit of hard work, and a vision for potential, you’ll be well on your way to building your real estate empire.
So, what do you think? Are you ready to take that leap and embark on your real estate adventure? We say, go for it! Happy investing!

The post Our Favourite Method to Turn 100-200k Profits Every 1-2 Years appeared first on ARHOUS.

This was a struggle we personally dealt with as well when buying our very first home. We wanted it to be up to date but also in a specific neighborhood that we loved… this simply did not exist in our price range at the time.

This is why we love the option of going the fixer upper route/purchasing a home that is dated because it allows you to get everything you want specifically to your taste.

The best part? When going this route, if you do things properly, you will usually end up with an awesome amount of equity in the end!

We not only help people in these shoes find the perfect property but also help them coordinate, manage and even design the project!

Sound like the route you want to go ? Send us a message to get help from those who have been there and done that not once, not twice many times.

The post Can’t find a house that checks all the boxes? Do this instead. appeared first on ARHOUS.