Hamilton/Burlington Real Estate News - JUNE 2023
HAMILTON REAL ESTATE MARKET UPDATE
Please don't hesitate to reach out for detailed stats that are specific to your neighbourhood, or even if you're just curious about what the house down the street sold for – it'd be great to hear from you!
271A MAIN ST. W. IN GRIMSBY
FOR LEASE-17 LYONS AVE MAIN FLOOR-$2350.00/MONTH IN WELLAND
COMING SOON-TOWNHOME IN HAMILTON! #20-348 HIGHLAND RD E.
GETTING YOUR FOOT IN THE DOOR
Rental properties can be a great way to get your foot in the door, so to speak.
If you already own a home, purchasing a rental property in the Hamilton area may be easier than you think, depending on the equity you’ve accumulated over the years.
However, if you’re new to the real estate world, purchasing a home with a separate rental unit is a great way to get your foot in the door, pardon the pun.
It's much easier to afford a property if you have someone else paying the mortgage and the best part is, you don't have to put up with an annoying roommate who leaves the kitchen in a mess as you’ll have your own separate unit.
Maintaining a rental property is also much easier if you live on-site as you’ll be able to cut the grass and keep an eye on things.
Finally, owning a rental property means you can deduct a portion of your mortgage, property taxes, insurance, utilities and maintenance costs when tax time rolls around.
It’s important to treat your rental property like a business though to ensure its success. For instance, having an emergency fund is essential as you’ll be responsible for issues that require immediate attention such as a broken furnace or a burst pipe.
Being a landlord isn’t for everyone, especially if you’re not living at the property, but it shouldn’t stop you from pursuing your real estate investment dreams as you can always hire a property manager to take care of things for you.
As with any property purchase, it's important to seek professional advice to help ensure you buy the right property, in the right location, for the right price.
If you're a business-oriented person who’s able to think long-term and plan for the unexpected, managing your own rental property might be the perfect fit. Just reach out so that we can discuss your next move!
WATER DOWN YOUR RELAXATION
THE POWER OF LEMON AID
The lowly lemon can make quite an impact around the house!
Load up on lemons if you're looking for a powerful, environmentally-friendly cleaner that can tackle virtually any household chore! Here are a few ways they can make your home naturally sparkle:
- use lemon juice to remove stains on countertops
- mix lemon juice with baking soda to create a scouring paste
- soak carpet stains with lemon juice for 20 minutes, then rinse and blot
- heat a bowl of water with sliced lemons in the microwave before wiping it down
A great tip for squeezing as much juice as possible from your lemons is to microwave them for 30 seconds, wait a minute, then cut and squeeze.
Lemons are an excellent alternative to traditional toxic cleaning solutions and they’ll fill your home with a refreshing citrus scent that won’t leave a sour taste behind!
