RSS

5 strategic ways to help you build equity faster.

Do these 5 things if you want to build capital faster and get your home working for you right away.

1. Always buy the outdated but well cared for home that you can strategically improve upon over time, building up your equity over time as it appreciates. When it’s your principle residence, in B.C, Canada, all of that gains is exempt from tax, allowing you to carry it forward to your next purchase.

2. Whenever you can,  always try to find a way to make your property work for you. It can be simple extras like renting out a parking space, to having a rental suite or renting storage space. Can you run a business, get ALR status or even grow your own food?

3. Consider long term Development.  Properties flourish close to things like transit and city centres. Have a look at your local zoning and municipal plans so you can see where a good up and coming location will be that will be desirable. Things like being close to schools, hospitals, shopping, recreation and transit are important. Strategize to buy homes these up and coming neighbourhoods to get in before they are in high demand and prices soar. 

4. Highest and best use. There are homes I come across all the time with untapped potential to really maximize value. I’ve witnessed some amazing gains made by cleaning up poor landscaping, adding skylights and more natural light into a home. Do you have an awkward layout that you could open up? Can you add an ensuite where there is none? Can you build a shop? Can you add a coach home?  Can you stratify or subdivide?

4. Repeat # 1 every time you sell and upgrade. By doing this over and over through the various stages of life as you need it, you will be able to grow your principle residence over time without the payment of capital gains tax. This compounding effect over time really makes a difference. Again this only applies to principle residences and according to tax law. We advise that you seek out professional advice from an accountant to get advise that’s right of you as I am not an accountant. 

Read

If you're looking for some fun local activities to do with your family now that Fall is here, there are a variety of great things to do and places to visit. No matter the age of your kids, you're sure to find some fun things to do this Fall. Check out these 5 local activities:

 

1. Fright Nights at the PNE

Perfect for older kids & those who like a good scare!

For rates & info click here.

 

2. Stanley Park Ghost Train

A fun & less scary attraction for the family that likes to get spooked.

For info & rates, click here.

 

3. Visit a Local Farm or Pumkin Patch

There are a variety of local farms with various activities, including hay rides and petting zoos. Each has something a little different to offer.

For a list of local options, click here

 

4. Go Through a Corn Maze

A fun activity for all ages!

For a list of local corn mazes, click here.

 

5. Haunted Village at Burnaby Village Museum

A great way to combine education with seasonal fun.

For rates and information, click here.


What's your favourite activity to do with your family in the Fall? Do you do something close to home or go for a drive to get to your favourite spot? 


Are you looking for an area close to places your family can visit, such as parks, attractions, museums, etc? Contact me to help you find areas that are perfect for your fammily.

 

Image Sources:

PNE Fright Nights: 604 Now

Stanley Park Ghost Train: Inside Vancouver

Pumpkin Patch: The Innovation Diaries

Corn maze: Miss604

Haunted Village: Burnaby Village Musuem

Read
Categories:   3 car garage | Abbotsford | Abbotsford Real Estate | Abbotsford, | Aberdeen, Abbotsford Real Estate | activities | advice | Aldergrove Langley, Langley Real Estate | all ages | ammenities | apartment | apartment, | apartments | attached | attached, | Attached, detached, Surrey, South Surrey, White Rock, Cloverdale, Langley, North Delta, | attractions | Autumn | back to school, | Bank of Canada | BC | BC Day | BCREA, | BCREA, FVREB | beach, how to, ocean | bedroom, DIY, renovations, | boat | boat, | Bolivar Heights, North Surrey Real Estate | brand new | Brentwood Park, Burnaby North Real Estate | Brookswood Langley, Langley Real Estate | budget friend;y | budget- friendly | buying | buying, | buying, for sale, | buying, Langley, New builds, detached | buying, new build, Langley, detached, home, house | buying, selling, advice | buying, selling, Fraser Valley | buying, selling, Fraser Valley, Lower Mainland, Vancouver, | buying, selling, home, house, inspections, tips, advice, resources, trades, | buying, selling, house, home | buying, selling, market information, Vancouver, Fraser Valley, | buying, selling, real estate, Realtor, real estate, agents, tips, advice, sell your home, fast, quick, | buying, Surrey, detached, rancher, large lot, garden, yard, luxury homes, exclusive, | buying, Surrey, detached, rancher, single story, large lot, garden, yard, luxury homes, exclusive, | Campbell Valley, Langley Real Estate | Canyon Springs, Coquitlam Real Estate | Central BN, Burnaby North Real Estate | checklist | Chilliwack Proper West, Chilliwack Real Estate | Clayton, Cloverdale Real Estate | Cloverdale | Cloverdale BC, Cloverdale Real Estate | Cloverdale, | commercial | condo | condo apartment | condo, | condos | Coquitlam West, Coquitlam Real Estate | corn maze | Crescent Bch Ocean Pk., South Surrey White Rock Real Estate | curb appeal | decor | decorating | detached | detached, | detached, attached, condos, apartments, single family, | detached, home, house, patio, deck, beach, ocean, | DIY | DIY, | diy, bbq, Summer, Canada Day, July 1, outside, outdoors, picnic, events, celebrations, kids, games, children, family, | DIY, crafts, projects, kids, family | diy, exterior, outside, planters, curb appeal | DIY, facelifts, flooring, bathroom, kitchen, tile | DIY, facelifts, inside, outside, interior, exterior, curb appeal, organizing, storage, garden, paint | DIY, furniture, home staging, decor, decorating, selling, tips, advice, ottoman, simple, quick, inexpensive, budget friendly, | DIY, furniture, refinishing, budget- friendly, home staging, decorating, | DIY, yard, garden, outside, outdoors, exterior, curb appeal, selling, quick, | dollar store | dream home, landscaping | Eagle Ridge CQ, Coquitlam Real Estate | East Newton, Surrey Real Estate | Elgin Park, Crescent Beach Elementary, quite street, cul- de- sac | exterior | facelift | Fall | family | farm | fireplace | fireplace surround | fireplaces, renovating, | first time | first time home buyers | first time home buyers, | first time home buyers, advice, tips | first time home buyers, advice, tips, buying, selling | first time home buyers, market information, mortgage rates, Bank of Canada, buying | Fleetwood Tynehead, Surrey Real Estate | for sale | Fraser Valley | Fraser Valley Real Estate Board | Fraser Valley, | Fraser Valley, Lower Mainland, Vancouver | free | FVREB | FVREB, information, resources, local, market, | games room | games room, | garage | garden, | garden, yard, landscaping, | get approved | get organized, | Greater Vancouver | growth | Guildford, North Surrey Real Estate | gym | Halloween | happy clients | Harrison Hot Springs, Harrison Hot Springs Real Estate | hay ride | home | home accents | home inspection, | Home maintenance | home office, | home staging | home staging, | home, | home, house | homes, retirement planning, renting, advice | Homesense | Hope, Hope & Area Real Estate | hous | house | house flipping, buying, selling, renovations | house inspection | house, | house, home | house, home, | house, home, condo, apartment | house, home, for sale, just sold, new builds, Langley, Yorkson, Yorkson Properties, Fraser Valley, Lower Mainland | house, home, South Surrey, Surrey, Crescent Beach | house, home, Sullivan Station | house, home, Yorkson Properties | house, homes, move- in ready | housing | HPI | ideas, | income property | inexpensive | information, resources, tips, advice, resources, | inside | inside, interior | inside, interior, outside, exterior, home staging, selling, curb appeal, maintenance, tips, advice | interior | kids | kids, DIY | King George Corridor, South Surrey White Rock Real Estate | landscaping, | Langley | Langley City, Langley Real Estate | Langley Real Estate | Langley, | Langley, Campbell Valley Park, parks, recreation, activities, communities | Langley, Sendall Gardens, communities, activities, venues, | large home | large kitchen | large lot | large lot, | lending | local | local market info | long weekend | low interest rates | low mortgage rates | Lower Mainland | luxury | luxury, | luxury, property, 1 million, mortgage rates, mortgag loan insurance, mortgage approval,e | m | makeover | mantle | market forecast, | market info | market information | market information, | market information, buying, selling, Surrey, South Surrey, North Delta, Cloverdale, Langley, Mission, Abbotsford | market information, North Delta, Mission, Langley, Fraser Valley | market information, resources, tips, advice, buying, selling, first time home buyers, investment property | market information, Surrey, South Surrey, North Delta, Cloverdale, Langley | market trends | Metro Vancouver, | Metro Vanouver | Mission | Mission, | MLS, | MLS, statistics, realtors, forecasts | modernize | mortgage rates | move in ready | Murrayville, Langley Real Estate | new build | new build, | new builds | new home | new homes, Langley, move in ready, Yorkson Properties | North Delta | office, | Okanagan, | older home | open floor plan | open house | open house, basement, suite, | open house, new builds, Langley, Yorkson Properties | open house, new builds, Langley, Yorkson Properties, new homes | organizing | outside | Pacific Douglas, South Surrey White Rock Real Estate | patio, deck | PNE Fright Nights | Poplar, Abbotsford Real Estate | population | private lot | private lot, | project | projects, | property | property inspection | property, | pumpkin patch | real estate | real estate market | real estate prices | real estate, articles, renters, renting, | real estate, buying, selling, terms, glossary, | realtor | recipes, slow cooker, family, healthy, | reduced | renovating | renovation | residential | residential, | rv | RV, | seasonal | seasonal decor | sell your home fast | sell your home fast, | sell your home fast, detached, attached, townhouses, condos, apartments, | sell your home, realtors, agents, | seller's market | selling | selling tips | selling, | selling, advice, tips, property value, home improvements | selling, buying, Surrey, detached, luxury, large lot, property, landscaping, garden, yard, deck, patio | selling, flipping, tips, advice, outside, exterior, curb appeal, landscaping, painting | selling, Spring, inside, interior, outside, exterior, curb appeal, garden, tips, advice | Serpentine, Cloverdale Real Estate | single family | single family homes | small spaces, decorating, advice, lighting, | Snap Stats | sold | sold, south surrey, surrey, white rock | South Meadows, Pitt Meadows Real Estate | South Surrey, | South Surry | split level, large lot, yard, patio, deck, pergola, landscaping, renovated, updated, custom, stainless steel, | stainless steel | stainless steel, | Stanley Park Ghost Train | statitstice | suite | Sullivan Station | Sullivan Station, Surrey Real Estate | Summer | Summer, Summer vacation, holidays, activities, family, outdoors, outside, BC, travel, local | Surrey | Surrey, | things to do | tips | tips, advice, | tips, advice, projects, sell your home fast, gardening, easy, low maintenance | tools | towhouses | townhome | townhouse | triple car garage | triple car garage, | triple car garage, RV, boat, gym, games room, | update | Vancouver | Vancouver House | Vancouver, | Vancouver, Fraser Valley, | walking distance | Whalley, North Surrey Real Estate | White Rock | White Rock, | White Rock, South Surrey White Rock Real Estate | Willoughby Heights, Langley Real Estate | Winter | Yaletown, Vancouver West Real Estate | Yorkson Properties, | Yorkson Properties, family homes, move in ready | Yorkson, buying, Fraser Valley, | YVR
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.