Tips on Protecting Your Investment

If you’re looking to buy a property for the short-term, the following are a few extra considerations you should keep in mind to find a house that meets your needs now, while protecting your investment when it comes time to sell.

Firstly, location is vital. opt for homes in urban areas near amenities, which are easier to sell and maintain their value. Avoid properties on busy streets and those lacking a sunny disposition.

The type and age of the home matter too. Newer homes or those with recent major upgrades are more appealing and less costly in maintenance. Aim for at least three bedrooms and two bathrooms to attract a broader audience.

Consider the necessity and cost of renovations. Focus on improvements that add value, like updates to the kitchen, bathrooms, and exterior. Regular maintenance and cleaning are essential to preserve the home's appeal.

Pay attention to the local real estate market dynamics, including average days on market and upcoming neighborhood developments. Unusual features may limit your pool of buyers, so weigh the uniqueness of a property against its marketability.

A REALTOR® can be invaluable in navigating these considerations, especially with laws like British Columbia's "home-flipping" tax, ensuring you make informed decisions that protect and potentially enhance your investment.

Kristin Delgado