If you want to sell your home but are not sure where to start, contact us!
The Toronto Condo Team: Call Alex and Franco at (416) 418-4910.
See the most recent Toronto condo statistics here! Or call 416-602-4336.
On our website we've been discussing vacation homes and the various factors
that go into buying them. You've been dreaming of that destination home
that you will one day be vacationing at, or permanently living in, and we don't
want to take anything away from that dream. You finally stopped looking through
those Milton Ontario house for sale ads, found that dream vacation home, and are
ready to move in. But you need to make sure that you are fully prepared before
you take that final step. This section of the site will be dealing with the various
governmental and cost concerns that you should be focused on before you open the
front door to your very own personal paradise.
It doesn't matter if you plan on purchasing a seasonal vacation home
or one that you plan on living in year round - buying a vacation home can be
expensive. There are many things you need to be concerned with when looking
at any property. If you're buying a property that might not be fully furnished,
you're going to have to factor in furniture costs. Maybe your vacation
home isn't near any grocery stores, so each time you go shopping for food,
you might need to spend a little extra more to make sure you are fully stocked.
No matter how tempting those fast food billboard ads are that food PR agencies
help come up with, they won't cure your hunger if they're hours
There are other costs that should be looked into that you never had to think
much about with your Bay St. condo, such as what type of heating your vacation home will have. There are price differences when it comes to choosing
propane gas or oil. You might also want a wood fireplace because of the ambiance
it creates, but they are also expensive, and you just might not have room for
it in the budget after you put in the new insulation. Other cost concerns you
might have could relate to your property taxes, which in turn can determine
how much home insurance you might have to pay. These are only a few of the things
you should be concerned with when trying to figure out all the extra costs that
are associated with vacation homes. Even if you're just renting vacation
homes, there are things that need to be considered such as electricity bills.
There are a lot of documents that need to be filled out when purchasing a property,
and for the most part, they can be hard to understand, which is why it's
always good to have a real estate agent taking care of your business. You need to know if your new home needs something special, like a boiler water treatment chemical for it to be safe and sound. They know
what all the forms you are signing mean and can explain anything you don't
understand. Agents can also let you know about any government regulations around
your vacation home that you should be aware of. Even though you might have purchased
a piece of property, not everything on that site belongs to you. In some provinces,
if you purchased a property off a highway, a certain amount of the property
belongs to the government. This is usually described as frontage. The measurement
of the frontage is useful when determining zoning bylaws and property tax. Or
maybe your property has a beautiful apple orchard that you take care of with
growers supplies and you find that every fall, neighbours and tourists want
to stop by to take a look at the apple trees or maybe even eat an apple or two.
If you decide to start advertising your orchard and want to put a sign up near
a highway, you need to get a permit and find out what type of sign you're
allowed to put up and how far away from the road it has to be. Every country
has their own governmental regulations and it's up to you to do your research
before making a huge investment. If you were planning on having your vacation
home be in Bermuda, it would be beneficial to know that their government charges
a 25% license fee for foreign owners. You want to be as prepared as possible
with any vacation home purchase.
So, if you've decided to put up your condo for sale in Scarborough and
are ready to move into that vacation home, don't forget to go over some
of the extra costs that you will be paying for when it comes to living in that
dream destination home. And just because you signed your name on the dotted
line, that doesn't mean it's all said and done with. There are a
lot of governmental regulations that you should be aware of beforehand. We hope
some of the things we mentioned on our site will prepare you for your vacation