Before a showing- A quick to-do list

Good news! You’ve got a showing request (or many!) What now?  When preparing your house for a viewing, you’re going to want to make sure it’s clean and tidy. After all, you want to make the best impression possible on potential buyers. But in the minutes before the buyers are due to arrive, there are a few final touches you need to do in your house to ensure it looks its best:

traditional-living-room

  • Put away coats, hats and shoes. Focus around the foyer. You want a sharp first impression.
  • Round up any clutter like slippers, errant toys or books and put them in a basket and away in a closet.
  • Wipe off counter tops and get mirrors sparkling
  • Turn on all lights and lamps. Don’t forget darker areas like nooks and corners. A house that is bright looks more roomy and highlights architectural features
  • Make sure the toilet lids are down. Even when a washroom is sparkling clean, a raised toilet seat gives the impression – however incorrectly – that things are less than hygienic.
  • Open all curtains and blinds. This makes rooms look bigger and brighter, even at night.

It only takes a few minutes to do these few final touches, and your home will show better as a result!

 

What’s in store for 2017?

As construction of the light rail transit system (LRT) continues, Kitchener-Waterloo is expected to continue to thrive economically. In combination with the continued increase of Go-Train frequency between Kitchener and the GTA, along with the healthy tech sector growth, the region will continue to attract buyers looking to find more value for their money arriving from Toronto and area, as well as commuters, and those employed or looking to become involved in K-W’s technology parks and increased business growth.

The RE/MAX 2017 average residential sale price expectation for Kitchener-Waterloo is an eight per cent increase in home prices, increasing to $413,313 for the average residential sales price, up from $382, 687 in 2016. Spring 2017 should also bring increased inventory levels, along with some new developments coming to market. However, 2017 is expected to stay a seller’s market with an expected 8 per cent increase in home prices.

For sellers, these numbers provide even more incentive to ensure you present your home in the best light, to make the most out of the sale of one of your biggest assets. This includes making repairs, maintaining home systems including HVAC, and water lines, as well as keeping your curb appeal in tip-top shape.

If you’re thinking about selling your home and want to maximize your profits, ask us how! We’ll provide you with a free home evaluation and get you started on understanding the value of your home in our current market.

Real Estate Report on Kitchener-Waterloo 2016

The Kitchener-Waterloo Housing Market saw significant growth in 2016.  The average residential sale price rose approximately 10 per cent to $382,697 up from $348,220 in 2015. Many residential listings received multiple offers, with pre-emptive or bully offers being a common occurrence.

Housing Market Kitchener-Waterloo

Attracting Out-of-Towners – Greater Toronto Area buyers continue to drive demand in Kitchener-Waterloo as they seek out affordable housing options along the GO Train line. Waterloo’s economy and consumer confidence were boosted in 2016 due to substantial growth in its tech sector as the low Canadian dollar encouraged increased investment from American tech companies.

Outlying Towns Heating Up- New Hamburg and Baden, located on the outskirts of Kitchener, are becoming increasingly popular with move-up buyers and retirees. For young families, the areas offer good schools and nice properties at affordable prices, while retirees are attracted to the adult retirement villages, which feature bungalow-style homes, amenities and activities.

First-Time Buyers- First-time buyers are a key driver of the Kitchener-Waterloo market. Young couples looking to enter the market typically prefer low maintenance condo properties that provide easy access to the downtown core.

Condo market – Condo sales were up in 2016 between January and October to 1,358, compared to 1,029 properties sold during the same period in 2015. Due to a surplus of condo inventory near Wilfred Laurier University and the University of Waterloo, it’s expected that some of the housing initially intended for student rentals may eventually shift to wider availability residential rental units.

Source:  REMAX 2017 HousingMarketOutlookReport

 

 

$100 Million Project Planned for West Galt

With plenty of focus on development in Waterloo and Kitchener for the past few decades, now it’s Cambridge’s turn to step into the technology and expansion lime-light.

The growth of multiple condominium lofts and apartments in Galt will be joined by the Gaslight District by HIP Developments. Planned as a complete community with a cobbled square, it will be centred within Grand Avenue, Fraser Street, Glebe Street and St. Andrews Street, next to the Grand River in West Galt.

The expansive project will span 2 years, with the projected result being a European look and feel housing 400 residential units, a tech hub based around Conestoga College’s tech programs such as advanced manufacturing and cyber-security, as well as restaurants, and retail.

100m

This 100 million dollar investment will include selective demolition of portions of the Southworks Factory Outlet which currently is home to nearly 50 shops.

HIP’s other projects in the region have included 181 King in Waterloo, Trio on Belmont in Kitchener and the River Bank Lofts in Hespeler.

Video: http://kitchener.ctvnews.ca/video?clipId=997676&binId=1.1147261&playlistPageNum=1