14 Nov 2011

OREA advises homebuyers to consider a ‘fixer-upper’

With home prices expected to stay elevated throughout the remainder of the year and into 2012, a leading housing organization says it may behoove Ontarians to buy a fixer-upper if they're in the market.

Recently, the Canadian Mortgage Housing Corporation reported the average home in Ontario is approximately 360,000 and may rise in 2012. As a result, the Ontario Real Estate Association says homebuyers should consider buying a house that's in need of renovation, as it may ultimately help them save money.

"Everyone wants a house or condo that will be perfect the minute they move in so they only have to do the minimum amount of work to it," said Barbara Sukkau, president of the OREA. "Buying a property that needs work can be a way to save on the overall cost even when you factor in the cost of an extensive renovation."

Home renovations require extensive work and the clearing out of belongings that may get in the way. Jiffy Self-Storage offers cheap storage solutions, serving as a convenient place to house furniture, books, flatware and dishes.

Be Sociable, Share!

Related Articles [3]

Travelling the World? What to Do With Your Personal Possessions

June 15th, 2020
Whether for business or pleasure, travel is something many Canadians do throughout the year. What do you do with your possessions during a long-term travel itinerary, though?...

Safety Tips For Moving

April 16th, 2018
Everyone looks forward to new beginnings in a new home but rarely do people love the process of having to pack and move their belongings. It’s can be a stressful time and...

Prepare And Plan Ahead For The Big Move

December 15th, 2016
Moving is stressful business. Packing, saying good bye, changing your address, letting everyone you know of your address change, and making sure your family is prepared can...

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL