Port Elgin Real Estate, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine
Helping you make the right move.
Port Elgin and Area Real Estate News
Updates on the Port Elgin, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine real estate market, home buyer & seller tips and general real estate advice.
Fancy filters aren’t the only way to make your photos pop!
Smartphones now have digital cameras that are capable of almost anything! Here are a few simple tips on how to take fantastic photos:
- Avoid the Zoom – The quality of your photos will be much better if you crop instead of zoom.
- Clear View – Clean your lens as the grime that collects will cause your images to turn out dark and hazy.
- Rule of Thirds – Create natural looking photos by positioning the focal point a little to one side instead of in the middle.
- Add an App – Android and iPhone devices have various apps that are loaded with great features to help make your pictures pop!
Play with Perspective – Take photos from unique angles such as kneeling or lying down. If you’re taking a selfie or a portrait of another person, hold the phone a little higher.
These tips will help you take professional looking photos that you’ll be proud to show off! Just be sure to keep an eye on your storage space as there’s nothing more frustrating than getting the “insufficient storage” message when you’re trying to take the perfect shot.
Rental properties can be appealing but they’re not for everyone.
Purchasing a Port Elgin rental property that you yourself can also live in is a great way to get your foot in the door, so to speak.
It’s much easier to afford a property if you have someone paying rent and the best part is you don’t even have to put up with a roommate!
It’s also easier to maintain your investment property if you’re on site to cut the grass and perform other general repairs.
Finally, you’ll be able to write off a portion of your mortgage interest, property taxes, insurance, utilities, maintenance, etc. come tax time.
There are however a few points you’ll want to take into consideration as being a landlord can sometimes be challenging and if you don’t treat it like a business, it won’t be a success.
For instance, having an emergency fund is essential as you’ll be responsible for immediate problems such as a broken furnace or leaky roof as well as overseeing ongoing maintenance. It’s also common to be in between tenants from time to time so you’ll have to budget for lost rent.
Furthermore, even the most reliable tenants can be late with their rent which will turn you from investor to collector. Dealing with disagreeable tenants can also be hard work. If this is something you feel uncomfortable with, you may want to consider hiring a property manager.
As with any property purchase, it’s important to seek professional advice from your real estate agent to ensure you buy the right property, at the right time, in the right location. If you’d love to operate your own business and are able to plan for the unexpected, being a landlord might be a great fit for you!
Grey Bruce home sales post average September.
Residential sales activity recorded through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound were down in September 2017 from record levels posted one year earlier.
Home sales numbered 243 units in September, falling 25.9% from the highest September on record in 2016.
That said, it stood in between the five and 10-year averages for the month and was also the fourth best month of September on record.
On a year-to-date basis, home sales totaled 2,406 units over the first three quarters of the year. This was just 0.4% (nine sales) behind the year-to-date total over the same period from last year and above all other years on record.
The average price of homes sold in September 2017 was $284,249, up 9.6% year-over-year. The year-to-date average price to September 2017 was $290,293, rising 12.2% from the first three quarters of 2016.
New residential listings on the Association’s MLS® System numbered 335 units in September 2017. This was down 13.2% compared to September 2016. Overall supply is still at record lows. Active residential listings totaled 860 units at the end of September, down 36.1% from the same time last year. This was the lowest September level on record.
The number of months of inventory stood at 3.5 at the end of September, down from 4.1 months a year earlier, and the lowest level on record for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in September was $69.1 million, falling 18.8% on a year-over-year basis.
Sales of all types of properties numbered 315 units in September 2017, down 21.4% from the previous September. The total value of all properties sold in September 2017 was $84.8 million, falling 18.8% from a year earlier.
Do you know if you and your family are protected against radon?
Radon is an invisible radioactive gas that occurs naturally in the environment from the breakdown of uranium in soil and rocks.
It doesn’t present a concern outdoors but when radon becomes trapped inside a house, it can be very harmful to your health as it increases the risk of lung cancer.
Radon can seep into your home through gaps in floors, walls and foundations. The only way to know if you have high radon levels is to purchase an inexpensive testing kit or to install a radon detector.
Radon concentrations vary from home to home so don’t take any chances – protect your family by testing your home for radon today.