July 4, 2016 4

Renovation

The Real Estate “Risk-Reward” Equation

With any investment, large or small, you need to consider the upside gain, and the downside risk.

Investing in real estate is no different, whether it’s a long-term buy-and-hold, or a short-term reno-and-flip.

I’ve been monitoring this property in a very sub-par location for the last year, and it’s finally turning over.  Let’s look at the risk-reward equation, and you tell me if it’s the basket in which you’d place all your eggs…

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February 18, 2016 13

Investing

How To Evaluate A Reno-And-Flip Proposition

I’ve long been of the opinion that flipping is dead in Toronto, given the high price of real estate, the transaction costs, and the fact that most properties that are candidates to be renovated and flipped end up selling for more than they “should.”

Last week, I took a serious look at a property that could have made a fantastic project.

Let me guide you through the process, from start to finish, with all the evaluation criteria that we used.

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September 28, 2015 10

Renovation

Quality Control!

Well, if my buyer-clients weren’t depressed before we went looking at houses, they sure as hell are now!

A Thursday morning foray into Wexford & Scarborough “new, custom-built homes” left us all in tears as we made our way back to the central core.

I took a few videos of the, um, “quality” of the construction of these McMansions, and you might be shocked at what $1 Million gets you these days…

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August 26, 2015 6

Renovation

When Should You Renovate Your Condo Before Selling?

Every condo needs a bit of fluffing before it goes to market, unless you’re simply willing to accept fair market value, or less.

Most condos need some sort of de-cluttering and/or staging as well.

But when should you consider renovating your condo?  We’re talking $10,000, several weeks of work, and the headaches that come with it?  Let’s discuss…

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February 6, 2015 12

Renovation

Quality Workmanship!

That was sarcasm, FYI.

Sure, we could spend Friday looking at photos of Forest Hill mansions, with all their high-end finishes, and quality workmanship.  But that’s dreaming.  A reality check is much more educational.

There are a LOT of people in the city who feel they can “buy a house, fix it up, and sell it for more,” but the end result is often laughable, rather than saleable.

Have a look…

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June 20, 2014 3

Development

Who Put The “Work” In Workmanship?

Do you ever walk into a newly-listed house for sale, and think aloud, “This is definitely their first project”?

Buying a “flip” always comes with a bit of risk, since you would assume a happy couple with two kids would get rid of asbestos or mold, whereas a builder/profiteer might just cover it up.

But it’s also a risk because you have no idea what’s behind the walls, even if you can see what’s in front of you.

And sometimes what’s in front of you can be pathetic…

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