fbpx

Highlighting the best of Hamilton!

Hamilton's home for the most newsworthy stories and real estate projects.
Join Newsletter

Follow us on social media

preconstruction

Wildan Estates II

Trending posts this week

Hamilton’s stunning new waterfront public park has finally opened

Read More

Hamilton Farmers’ Market announces new operating hours

Read More

Top 10 Sandwich Spots in Hamilton for 2023

Read More

Your real estate adventure starts here

Ontario Realtor finding you awesome preconstruction opportunities!

Subscribe and find out more about what we can do for you!

We curate all of Ontario's preconstruction projects including condos, townhomes, detached houses, and tiny homes!

Latest From News

See what's happening in the area

New spot for Caribbean fusion food opens in Hamilton

Read More

Hamilton’s Allure Fitness celebrates 15 years of building confidence and community

Read More

Hamilton SoupFest returns for 2024

Read More
  • This is the second of three townhomes I sold that recently closed at the Foothills of Winona. 

One of the largest benefits of preconstruction is the leverage it gives you. In this case, an incremental deposit schedule totalling 10% over two years is all you needed to own 100% of an asset. 

That gives you tons of money to invest elsewhere while your preconstruction unit grows in value. That’s what I call #smartinvesting! 

#urbanicity #hamont #hamilton #hamiltonontario #hamiltonrealtor #hamiltonrealestate
    • #smartinvesting!
    • #urbanicity
    • #hamont
    • #hamilton
    • #hamiltonontario
    • #hamiltonrealtor
    • #hamiltonrealestate
    21 hours ago
  • These are the metrics 👇

📏NET OPERATING INCOME (NOI)

The income a property generates after accounting for all operating expenses.

NOI = Gross Rental Income - Operating Expenses

📏CAP RATE

A ratio used to determine the value of income-producing properties, allowing investors to compare the profitability of different properties.

Cap Rate = Net Operating Income (NOI) / Current Property Value

📏AFTER REPAIR VALUE (ARV)

A property’s estimated value after renovations or improvements.

ARV = Property’s Current Market Value + Value of Renovations

📏CASH-ON-CASH RETURN

A measurement of the cash income earned on the actual cash invested in a property.

Cash-On-Cash Return = Annual Pre-Tax Cash Flow / Actual Cash Invested

Are you looking at investing in real estate? Send me a DM and I’ll help you reach your goals!

#urbanicity #hamont #hamilton #hamiltonontario #hamiltonrealtor #hamiltonrealestate #realestatemetrics
    • #urbanicity
    • #hamont
    • #hamilton
    • #hamiltonontario
    • #hamiltonrealtor
    • #hamiltonrealestate
    • #realestatemetrics
    2 days ago
  • Here’s what to ask 👇

How old is the roof? - Most roofing experts agree that roofs will last between 25 and 30 years before they need to be replaced. Replacing your roof is a significant investment, so make sure you find out the exact date of the roof before purchasing the home.

How old is the HVAC? - The age of a home’s HVAC system is vital when making the important choice to repair or replace. The average lifespan of an HVAC unit is 12 to 15 years, so getting an idea of the age and repair history will help you save money in the long run.

Have there been major renovations? - Sometimes buying a fixer-upper is the right choice, as you will get a cheaper purchase price, lower mortgage, and faster appreciation. However, dealing with necessary major renovations can be stressful and expensive, so you have to be sure that you are financially and emotionally prepared.

What are the recent comparable sales? - Comparable sales (also known as comps) are recently sold homes in the area that are similar in size, condition, location, and features. Buyers can use comparable sales to determine how much to offer on a home and make sure that they don’t overpay.

Why are the owners selling? - People move for a variety of reasons including needing a larger home, changing jobs, or becoming empty nesters. However, some homeowners might be putting off essential maintenance such as a new roof, siding, or furnace.

What is the sales history? - Knowing how much a home has sold for in the past helps determine whether the property is increasing or decreasing in value. It also gives you an understanding of whether it is appropriately priced based on current market conditions.

Are you looking to buy a home soon? Send me a DM and I can help you out!

#urbanicity #hamont #hamilton #hamiltonontario #hamiltonrealtor #realestate
    • #urbanicity
    • #hamont
    • #hamilton
    • #hamiltonontario
    • #hamiltonrealtor
    • #realestate
    1 week ago

Take a look at our Instagram page!

Get the scoop on what's happening in your city
View all posts

Subscribe to our newsletter

Sign up for our weekly newsletter to get the latest news, updates and amazing offers delivered directly in your inbox.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Hamilton Creek home listed by Manoj Reddy

his fully renovated townhome with two parking spots offers a stunning white kitchen with quartz countertops, stainless steel appliances, and herringbone hardwood throughout both floors! A gorgeous 4-piece bathroom is on th

June 11, 2022

Stoney Creek home listed by Manoj Reddy

OR SALE is this beautiful Stoney Creek home with high-end finishes throughout. With over $450k spent on renos...

June 22, 2022

Wild Orchid Apartments

Looking for a fully renovated studio or one-bedroom apartment? You’ll definitely want to check out

June 23, 2022

Hamilton Creek home listed by Manoj Reddy

OR SALE is this beautiful Stoney Creek home with high-end finishes throughout. With over $450k spent on renos...

July 05, 2022

80 King William St

OR SALE is this beautiful Stoney Creek home with high-end finishes throughout. With over $450k spent on renos...

August 11, 2022
Links
Social

© 2024 Robert Cekan Professional Real Estate Corporation. All rights reserved.