When browsing through condos for sale on Centris, you might have noticed a tag indicating whether the property is an undivided or a divided co-ownership. It’s easy for an inexperienced home buyer to skim over this detail, but doing so would be a grave mistake. In reality, the choice between an undivided and a divided co-ownership can make a world…
Earlier this year, Montreal’s 2018 Budget disclosed the latest property taxes per borough. Tax rates increased in almost all areas, due to a global hike in the water tax rate. The average residential tax in the new budget increased by 3.3 percent, with some neighbourhoods seeing an increase as high as 5.6%. The new budget, which will rise by 5.2%…
Reading Time: 3 minutes, 54 seconds If you’re like most home owners, you’ll find that your first home won’t suit your needs indefinitely. As your family grows, you may want to upgrade to a larger house, or to find a home closer to your kids’ school. Years later, when your children move out of the nest, a smaller home might seem appealing again. There’s also always the chance that…
Reading Time: 4 minutes, 51 seconds Imagine this scenario: You’ve had loud and irresponsible tenants occupy your rental over the past year. Now you’ve just found out you’re relocating for work, and want to sell your income property. But the tenants aren’t exactly making the process easy. They continuously fail on their promises to make the place look presentable during showings, they often block…
Amortization: The period of time required to completely pay off a mortgage debt, if all payments are made on time and the terms of the mortgage stay the same. Appraisal: An estimate of the current market value of a home. Appraiser: An appraiser can tell you exactly how much a home is worth, so you don’t pay too much. Approved Lender:…
Reading Time: 2 minutes If you’re planning to sell your home this year and haven’t attracted an offer all summer, autumn is the time to kick into second gear and do all you can to warm buyers’ hearts. Here are a few quick and easy pointers for giving your home that warm, cozy feel without going overboard or over-spending. Lighten and Brighten The…
Reading Time: 4 minutes With prices of condos around the urban core on the continual rise, more and more buyers are making do with living spaces well under 1000 square feet. But while small homes may be lacking in space, they don’t have to lack in design. On the contrary, there are straightforward staging rules that will amplify the perceived space…
Reading time: 3 minutes, 38 seconds Shopping for your home staging can be a strenuous thing…especially if you’re planning to mix and match items from different stores rather than buying a complete set or hiring a designer. Here are our picks of best design havens to visit in Montreal, ranging from the high end to the budget stores. We recommend…
Reading Time: 1 minute, 47 seconds There always seems to be an endless number of things to plan for before moving into your dream home. Here’s a handy checklist for an easy and stress-free preparation: 1 month- 2 weeks before the move: Sort through your personal belongings and get rid of things that you wont be taking with you. List items of value…
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