We find there are two main motivators to buying homes in Winnipeg. The first is buying a home as a primary residence. The second is buying a home as an investment (whether it be for the long term as in a rental, or shorter-term speculation such as in a flip). Either way, home purchases are huge investments! Whatever the cause, bear in mind a few things when you go searching for Whyte Ridge Homes For Sale, to make the purchase easier for you.

House size for rent.

If you are buying a home to rent, then certain criteria become more important than others. For instance, the number of bedrooms, the proximity to public transit, if there is central air conditioning, the school district, etc. While many of these items matter for primary residences as well, it is paramount for a rental property. Keep in mind when buying a rental, that you are looking through the eyes of prospective tenants, not through your eyes of what is desirable. Associates of the Jennifer Queen Team own their own prospective rentals, and we recommend working with agents that have the tools and background such as this team.

Value in the “big projects”

Find a house with Winnipeg Real Estate Agents that has been updated. We don’t mean cosmetics, necessarily. While the cosmetics improve the resale value, what minimizes your costs as a landlord are significant improvements to the house in the arena of items that might normally be considered maintenance items. For instance, newer shingles, updated furnaces, and hot water tanks, increased insulation, etc. are all incredibly valuable, as they represent huge costs down the road. However, if they are done now it represents much less owner maintenance in the long run. Small cosmetic updates can be easily done by the landlord and that is where you can increase your rental value.

External looks are also significant.

Never underestimate the power of curb appeal, even for a rental property. First impressions are everything, and some buyers will choose to not even tour your home if it doesn’t look appealing from the outside.

Look for an up and coming neighborhood.

Look for an up and coming neighborhood. There are always neighborhoods in every community that is currently undervalued, Winnipeg includes. This would, of course, save you money now and make sure you make a good profit if you sell the home in the future. Also, give a good deal of weight to homes in good school catchments.

You will have to spend more time surveying before you find the perfect South Winnipeg Real Estate for you. We highly recommend hiring an expert to help you in your search, because real estate as an investor is very different from real estate as a primary residence!