Frequently Asked Questions

Question about selling

Yes, a house can depreciate in value, just as any asset can. Like anything else, the value of a house is determined by supply and demand. As supply increases or demand decreases price can drop and vice versa. As most people purchase homes with loans that are paid on a monthly bases, the value of a house can change due to changes in property taxes and interest rates. If taxes and interest rates increase, they become a larger portion of an owners possible monthly payment, they can therefor pay less for the house and its value will decrease. House value will increase and decrease based on market conditions and can inflate and deflate with the economic cycle but in general can be expected to follow inflation.

Another note, a home can devalue very quickly if the neighbour or city that it is located in becomes less desirable than it used to be. So, never assume when buying a house that it will only appreciate.

Old homes offer charm, new homes offer higher value…or at least that is what many buyers think.  The truth is that value may be in the eye of the beholder. However, here are a few things to think about when discerning value in a new home versus and old one.

Most people would consider a new home more valuable because there should be no major expenses in the first several years of ownership. Unfortunately, almost all the major components of a house have a life expectancy. So, a house that is 30 years old may be equally renovated and just as updated as a new home. The usual big ticket expenses are windows, roof, siding, and Bores. An older home may be just as valuable as a new home if these features are up to date and concern for maintenance costs is minimal.

 
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque aliquet massa mi, sed ornare dui ullamcorper non. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Duis nec orci ac lorem tempor ultricies. Pellentesque pulvinar nisl pulvinar ex tincidunt, eu gravida lacus auctor. Maecenas finibus eros pharetra, tempus tortor sit amet, faucibus sapien. Donec non nulla posuere, malesuada urna quis, ornare lectus. Nunc gravida, sapien non laoreet consectetur, sem ligula consequat ex, sit amet sodales velit dui a ipsum. Mauris aliquet metus nec dui porttitor, non mattis ex accumsan. Duis gravida diam est, ac molestie erat porta sit amet. Vivamus tortor mauris, aliquet condimentum elit porttitor, consequat malesuada nibh. Duis nec vestibulum nisi, eget dignissim ex

Question about renting

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque aliquet massa mi, sed ornare dui ullamcorper non. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Duis nec orci ac lorem tempor ultricies. Pellentesque pulvinar nisl pulvinar ex tincidunt, eu gravida lacus auctor. Maecenas finibus eros pharetra, tempus tortor sit amet, faucibus sapien. Donec non nulla posuere, malesuada urna quis, ornare lectus. Nunc gravida, sapien non laoreet consectetur, sem ligula consequat ex, sit amet sodales velit dui a ipsum. Mauris aliquet metus nec dui porttitor, non mattis ex accumsan. Duis gravida diam est, ac molestie erat porta sit amet. Vivamus tortor mauris, aliquet condimentum elit porttitor, consequat malesuada nibh. Duis nec vestibulum nisi, eget dignissim ex
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque aliquet massa mi, sed ornare dui ullamcorper non. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Duis nec orci ac lorem tempor ultricies. Pellentesque pulvinar nisl pulvinar ex tincidunt, eu gravida lacus auctor. Maecenas finibus eros pharetra, tempus tortor sit amet, faucibus sapien. Donec non nulla posuere, malesuada urna quis, ornare lectus. Nunc gravida, sapien non laoreet consectetur, sem ligula consequat ex, sit amet sodales velit dui a ipsum. Mauris aliquet metus nec dui porttitor, non mattis ex accumsan. Duis gravida diam est, ac molestie erat porta sit amet. Vivamus tortor mauris, aliquet condimentum elit porttitor, consequat malesuada nibh. Duis nec vestibulum nisi, eget dignissim ex

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