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Is there ever a bad time to invest in rental properties? I am asked this question a lot and usually I reply that if you want shade from the sun, when is the best time to plant a tree? Today or 3 years from now?
I have always preached buying investment properties for the long term, keeping them in great shape which will ensure good tenants.
The following article in The National Post is well done and relates to my conviction that wise real estate investors are patient and understand that time, just like compound interest, is an amazing tool in building true wealth.
Here is the article.
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As of May 26, 2012 market for homes in Komoka in 2012 is different in that new home builds and re sale homes are skewing the market numbers.
For example, there were 9 sales so far this year, 7 being re sales and 2 new homes. The average selling price was $330,014 which was 97% of the asking price and these homes on average took 69 days to sell.
Today there are 28 active listings with 16 being new builts or to be built, leaving a good selection of 12 homes to choose from.
Activity has been strong in May and by all indications, June even better.
In 2011, 31 homes changed hands in Komoka with the average asking price of $347, 491 which actually sold for 97% of asking which was $338,543 and these were on the market for 48 days.
Komoka is less than 15 minutes west of London with easy access to Highways 402 and 401.
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #3 on May 26 from 2:00 PM to 4:00 PM.
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #3 on May 27 from 2:00 PM to 4:00 PM.
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #2 on May 26 from 2:00 PM to 4:00 PM.
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Lake Front Cottage Private Beach
• 1 bath, 3 bdrm bungalow - MLS® $349,000 - The View is Free
Bayfield, Bluewater - One of the most beautiful sunsets in the world writes National Geographic!
Private beach, stairs/walkway to beautiful clean Lake Huron. 91.9 feet of lakefront property with a nice large deck to enjoy the panoramic view.
8 KM north of Bayfield with an open concept, 3 bedrooms and in very good shape. New Steel roof 2011, updated windows and doors, new utility shed 2009 and most appliances and furniture included.
No need to overpay, this view is free! 2 decks to enjoy nature.
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Beautiful Byron
• 2 bath, 3 bdrm bungalow - MLS® $179,000 - Best Price in Area
Oops! Sellers accepted an offer but deal fell through, purchasers could not get financing! - If you have always wanted to live in Byron, you`ve already discovered that many of the prices start in the $225,000 range & the average is $313,468.
So, why is this home only $179,900? It still needs a bit more care, just cosmetic, it has 3 bedrooms, 2 baths and just over 1225 sq. ft. If you can accept the home`s age & condition, there are some underlying benefits here that may trigger your imagination.
First, a short walk to Springbank Park, library,shopping & dining.The other surprising benefit is that the owner has done some `core` work such as electrical,plumbing some windows & doors, paint, flooring,lighting, some roofing, kitchen,bath fixtures & more. It has a fenced back yard (135` deep)& detached garage with potting shed.
What this means is - you can live in the home right now & do the updating on your own timetable. There is a March 2011 thorough Home Inspection Report., plus an Electrical Safety Certificate.
Sure beats condo life. Designers will love it! 5 brand new appliances
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #2 on May 21 from 2:00 PM to 4:00 PM.Open Holiday Monday, then Tuesday-Thursday as well. 2 models to show and ask for the May special.
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2 MODELS TO CHOOSE FROM, Finished basements, decks, double garage, hardwood floors and a great introductory pricing, - We invite everyone to visit our open house at 38 Elliott Trail #2 from May 19, 20th and 21st! from 2:00 PM to 4:00 PM.
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #3 this long weekend fron May 19 , 20 and 21st from 2:00 PM to 4:00 PM.
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If you are looking for a low cost, tidy bungalow to live in while living in London or going to UWO, here is a home with 2 bedrooms, large back yard and in the Blackfriars area.
Parks, bike and walking paths real close, a branch of the Thames River, near beautiful Labatt Park and easy access to public transportation. At only $159,500, what more can you ask for.
See the virtual tour here
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Thorndale, Thames Centre - We invite everyone to visit our open house at 38 Elliott Trail #2 and #3 on May 12 from 2:00 PM to 4:00 PM. Ask about special promotion for May
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Thorndale Condos, 2 model homes to choose from , some great incentives- We invite everyone to visit our open house at 38 Elliott Trail #3 on May 13 from 2:00 PM to 4:00 PM.
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Raised Ranch w/ Inground Pool
• 2 bath, 4 bdrm "Raised Ranch" - MLS® $309,900 - Tremendous Value
Komoka, Middlesex Centre - Tired of small lots, no trees, neighbours 6` away? Why not move to the beautiful village of Komoka, a few minutes west of London where the air is clean & living expenses are lower.
This well maintained raised ranch with 3+1 bedrooms, 2 bathrooms, 21/2 car garage, an 18 x 38 inground pool, 2 fish ponds and lush landscaping.
Recent updates and freshly painted. Look at the lot size. you'll love it.
Close to some very good schools, easy access to London and recreation all near by.
You will love the privacy, the neighbourhood and most of all, the price.
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Walk to Western
• 2 bath, 2 bdrm apartment - $146,900 - Full 2 Baths & 2 Bdrms
Masonville, London - Not just your average unit in this building, a short walk to Westerm and Masonville Mall steps away.
2 bathrooms, a 3 pc. ensuite & a 4 pc guest bathroom. Both bathrooms completely redone by Bath Fitters. large room sizes, 4 appliances and a fireplace in living room. A nice view from the balcony.
This building is well maintained, lots of parking and inexpensive to live in. In Unit storage as well.Neutral tones throughout, newer floors with lino and carpet, fridge 2 years old, unit faces south.
Excellent for owner occupied or as an investment.
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