Hi Everyone! Aren’t you excited that it’s almost finally summer? I’m very excited to get to spend time outside and looking forward to being on the lake kayaking!

I want to share my update of my latest purchase.  I bought a pre-construction condo almost 4 years ago and it’s finally complete with closing last week It’s located in Vaughan, just steps away from the subway that will take you directly to downtown Toronto.  It’s a fantastic location!

This property is a great example of instant equity.  I purchased the property at significantly less than the current market value.  I have a few options for this property.  I can sell it and make a nice profit or I can refinance it and have a good down payment for a new property. My plan currently is to keep it for a while and rent it out.  This property came with free property management and guaranteed tenancy for the first 2 years so I am taking advantage of that.

 Hope you like my new property!  I love the balcony!

I’m excited to add this newest addition to my portfolio of properties.

Let me know what you think!

xo

Caroline

A LAUGH OR TWO FOR GOOD MEASURE

HELPFUL LIFE HACK #2

WHY INVEST IN REAL ESTATE?

Appreciation

In real estate, the term appreciation refers to the increase in the value of a property over time. From a macro level, appreciation may result from inflation, increased job opportunities in your market, and overall development in your town. You can raise the appreciation value with home improvements.

Just think about how valuable this is for a real estate investor; if you purchase a home or rental property, its value can increase over time.

This increase in property value or monthly rents can be seen as a profit once you sell your home or as an increase in monthly earnings on a rental property.

It can also be a valuable tool for a homeowner or investor to increase their property value by making a few home improvements.