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Condos and Homes for Sale - Ontario
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Agnes Gabiga Sales Representative Bus: 905-268-1000 |
Real Estate Terms
Amortization: Paying off a debt, such as a mortgage, by installments. The conventional amortization period for a mortgage is anywhere between 15 and 25 years. The shorter the amortization period, the less interest you have to pay.
Gross Debt Service: The amount of money needed to pay principal, interest, taxes and sometimes, energy costs. If the dwelling unit is a condominium, all or a portion of common fees are included, depending on what expenses are covered.
Real Estate Board: A non-profit organization representing local real estate brokers/agents, salespeople, which provides services to its members and maintains and operates a MLS® system in the community.
The notion that "home improvement increases value" is really true. In fact, home improvement is the smartest way to increase value. The profile of the house is the first thing that the buyers will notice. To support the claim that home improvement increases value, here are some of the samples of returns for some of the well-known home improvement projects: kitchen remodel (minor) is 125% in Connecticut; basement remodel is 98% in California; bathroom addition is 96% in Missouri; kitchen remodel (major) is 92% in Kentucky; bathroom remodel in Oregon is 90%; exterior paint in Pennsylvania is 90%; and master bedroom in Florida is 86%. These statistics support the claim that home improvement increase value are compiled from various published surveys, and these are mainly based on major cities within provinces.
Many people dream of home ownership but it mandates homework, legwork and considerable effort on your part to ensure that the process goes as smoothly as possible, and you don't bite off more than you can chew. Here's how to make your dream become a reality. This article assumes you will be using a lender.