Top tips for protecting your real estate investment

Top tips for protecting your real estate investment
News from CTV News:

Brenda Chmelyk, real estate agent
Published Monday, Sep. 24, 2012 1:37PM EDT
Last Updated Monday, Sep. 24, 2012 1:54PM EDT

Canadian home prices are cooling, in fact they rose just 0.2 per cent in August from July, the weakest August increase in 12 years. So how do Canadians protect the biggest investment most of us ever make? Brenda Chmelyk, co-founder of MyVirtualAgent.ca, offers the following tips:

Three things you can do now to protect the value of your home:

  • Now is a great time to clean up any outstanding bills, or the need for debt consolidation and if you’re looking for a secured line of credit to do so, have your home appraised now and start the process…this not only locks in the low rates, but also the existing home value.
  • Continue to make “smart” improvements, don’t splurge on the new $ 40,000 kitchen, but update what is within your family’s budget and you will continue to improve value no matter what markets may or may not be doing.
  • Make a plan with your neighbours that homes that may be in foreclosure and are not being cared for get some extra attention. Your home’s value is a direct comparison to those around it.

Four top insider tips to prepare your home for sale:

  • Complete all unfinish…………… continues on CTV News

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