Brampton’s real estate market is projected to soar in the next three to five years, according to a recent study made by the Real Estate Investment Network. The city of Brampton placed fifth in the “Top Ontario Investment Towns 2011-2015 Report,” with Hamilton being in the top spot.
This is good news to everyone pondering to invest in real estate in Brampton, whether as a home seller or home buyer or as an investor in commercial property. The report was based on data from government agencies like Statistics Canada, Canadian Mortgage and Housing Corporation, MLS and local economic development offices, among others.
This is not so surprising considering the steady economic growth being enjoyed by the city, consistently ranking among Ontario’s top 10 in the last 10 years. Factors considered for the REIN report included: new infrastructures built to handle growth, new jobs created, rippling effect on the overall economy of the city, contribution of political leadership, and transportation improvements.
The good news does not stop here for home buyers and home sellers. It only gets better with the availability of Brampton’s low real estate commission agent. Property investors would reap the benefits of a booming market projection and savings from a Brampton discount real estate agent. Who does not want a two-fold advantage?
In another development, Mt. Pleasant Village and Mattamy Homes were recently recognized at the Building Industry and Land Development Awards. Mt. Pleasant Village was cited for being a unique community that connects residence and work in the same neighborhood. Meanwhile, Mattamy Homes, a secondary plan of Mt. Pleasant Village, covers 875ha which includes 147ha of restored Natural Heritage System Lands. Upon completion the community is projected to house 40,000 people. This on-going real estate development proves very promising to those looking to buy their first homes, or to invest in real property. First-time home buyers not only benefit from tax rebates, but also from Brampton’s discount real estate agent.
Both news weigh significantly in making major investing decisions. Both highlight the advantages of community living in Brampton which boasts of a robust local economy. The vision of seven minutes travel time from home to work is very appealing when it comes to the concept surrounding Mt. Pleasant Village. Also the development promotes the preservation of nature, an essential consideration in urban growth and development. It helps to know that all these good news is bolstered by the presence of Brampton’s low real estate commission agent who can help and guide home buyers, home sellers and investors.
Importance of Home Inspections
When you are buying a home you want to know how you can save in the process of embarking on a huge financial investment. A Brampton home inspection done by a professional home inspector will help you make informed decisions which could mean big savings.
At first glance home inspections may be viewed as an “extra” or even “hidden” cost by the home buyer. But that is not the case when you examine the advantages of getting a Brampton home inspection. When the deal is all sealed and done you will see that the benefits will far outweigh its cost.
Knowing the structural problems of the property gives the home buyer the leverage to negotiate for a lower price. It also protects you from buying a property that would need huge sums of money for repairs.
Home repairs associated with construction problems are costly, and buyers need to identify these problems before purchasing a home to avoid getting trapped into absorbing these expenses. Home inspections will also point out safety issues in the property and recommend steps on how these need to be addressed.
Home inspections will cover the following areas: drainage and water problems, foundation and structure, roof, kitchen, bathrooms, interior structures, electrical, plumbing, insulation and furnace. It will cover inside and outside the property. The home inspection report made after the inspection will outline areas that need to be addressed immediately, as well as those which may be problematic in the future. Consult your Brampton real estate agent for tips.
Home buyers can undertake the repairs themselves or seek the help of a contractor who can do the work for the lowest prices Your real estate agent should then be informed of the costs of repairs which can be used to lower the buying price of the property. Ask your real estate agent for his recommendations or a list of certified home inspectors that he highly recommends. You can trust your agent to help you with this aspect.
However, the home owner may opt to undertake the repairs himself so that the decrease won’t be as big as expected.
In summary the benefits of a home inspection would include: structural and home safety evaluation; and assessment of repair costs.
Since you are looking at these benefits you should be certain that you hire a professional home inspector who has several years of experience. He should be someone you can rely on. Remember that you will have to trust the expertise of this person on what could be your next home. To dispel your apprehensions you can interview the home inspector and ask him questions about his background as an inspector, including his affiliations to any national associations; what would the inspection include?; how long will the job take to finish?; how much is the cost of inspection?; and can you come during the inspection? If the inspector doesn’t want you to witness the inspection this is a big warning sign- so don’t hire this person. Don’t forget to ask how soon he can make the report after he finishes the job.
There are home inspection checklists available online which you could use as a guide when interviewing the home inspector. Check out these lists as well to ensure that you only hire a qualified person for the job. Home inspections can save home buyers money, but it would all depend on how good a job the inspector you hire does.
Hiring an agent who charges low real estate commissions can also save you a great deal of money. Why take the risk of diving blindly into real estate when you can get the services of a professional agent at a very competitive price. You might end up spending more when you attempt to buy a home on your own, or get so stressed out by the whole exercise. Looking for a certified home inspector who can be trusted can prove to be a daunting task. But an agent can help you out with this, and with all the details of the purchase.*
For Brampton real estate questions contact me anytime. I offer low commissions AND full service. 1% commission only to listing broker.
Click here for more Brampton homes I’ve sold.
Above were some Brampton homes I sold recently where I represented the sellers and saved them a bundle of money! These are all my listings. If you have Brampton real estate to sell or looking to buy a home in Brampton please click here to contact me for great service and affordable commissions. I return all calls within 14 minutes! All savings calculations are based on 3.5% total commission paid vs 5% total commission paid.
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I hope to be one of the Brampton real estate agents you interview.
Another strong year for the Brampton real estate market! Here is the breakdown:
Number of houses sold in Brampton in 2007 = 8,426
Detacheds = 4,702
Semi-detacheds = 1,806
Condo apartments = 432
Condo townhouses = 653
Freehold townhouses = 770
Other types =
How many sold each month in Brampton?
January = 543
February = 658
March = 739
April = 887
May = 981
June = 870
July = 841
August = 744
September = 630
October = 601
November = 573
December = 359
