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Top Property Types to Invest In Right Now

Investing in Real Estate

By: Ariel Kormendy | Co-Owner | Real Estate Agent Whether buying your first home or investing in a rental property, choosing the right type of real estate is crucial to realizing positive returns (ROI). The conversation comes up often, and my answer lately has been quite simple: Buy a condo or a three-storey “back-to-back” townhouse (also known as “village homes”.) Affordability and Liquidity of Real Estate My reason is simple; first, and foremost, these properties are generally the cheapest option. With house prices consistently increasing over the years, affordability is key. There will always be a market for affordable homes. As a result, the disposition of these properties is easier, making your investment more liquid. Keep in mind, some of the best deals are found in the less upgraded, and less attractive homes. They also make for great rental properties as the demand for affordable rentals continues to increase. The opportunity to break-even or cash-flow positive is much greater as compared to larger homes. Maintenance and Carrying Cost The upkeep and maintenance of condos and village homes are typically less too. There are no backyards to maintain and no basements to flood. This means your annual costs to carry the property are lower. Keep in mind, some of the best deals are found in the less upgraded, and less attractive homes. Buying a home that is a little more “basic” means that you’re keeping the purchase price in-check. It also gives you the opportunity to improve the property yourself.  Not to mention,  highly upgraded homes appeal to more people, meaning you may be in competition to purchase. Making the right decision as a first-time homeowner or investor is crucial to building wealth. Don’t do the legwork on your own, hire a professional real estate agent and rely on their guidance to make the right decision. If you found this information valuable, show some love and share it to social using the links below.  We wish you all the success in your real estate endeavours. ********************************* Ariel Kormendy is co-owner of The Kormendy Trott Team and KT Property Management Inc.  He’s not only an experienced real estate agent in Milton, Ontario but an investor of real estate too.  For more information about buying or selling real estate, feel free to drop a comment below or DM us on Instagram.

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Open House Terms & Privacy Agreement

for KT Open Houses

  1.  

1. Visitor Etiquette: All visitors are required to maintain a respectful and safe environment in our client’s property by adhering to the following etiquette guidelines unless otherwise directed by a representative of The KT Team:

  • Footwear: Please remove footwear upon entry to help preserve the property’s cleanliness.
  • Washroom Facilities: Visitors are kindly asked to refrain from using washroom facilities.
  • Personal Belongings and Furniture: For privacy and safety, please avoid touching personal belongings or opening furniture not part of the sale. Examples include dressers, media consoles, and most free-standing furniture.
  • Food and Beverages: Outside food and beverages are prohibited while touring the property.
  • Furniture: To respect our client’s space, please avoid sitting or lying on any furniture.
  • Pets: Pets are not allowed within the property.
  • Children: Parents and guardians are responsible for ensuring children follow these guidelines.

2. Visitor Tracking and Safety: To ensure the safety of our clients’ property and personal belongings and the security of our real estate agents, all visitors are required to provide accurate and complete contact information. This information is used to track attendees and ensure accountability.

3. Digital Communications and Follow-Up: By providing your contact information, you consent to receive digital communications from our real estate team, including information about this property, future open houses, and other relevant real estate opportunities. These communications may include marketing or promotional messages, and we aim to keep them relevant to your interests.

4. Opting Out: You may opt out of receiving digital communications at any time by contacting us directly at the contact points below or following the unsubscribe link provided in messages. Opting out will remove you from future marketing communications, although we may retain your contact information for internal records related to visitor tracking.

KT Realty
229 – 336 Bronte Street South
Milton ON L9T 7W6
info@kormendytrott.com
1 (800) 617-0090

4. Prospecting and Sales Activity: Our real estate team may use your information for prospecting and follow-up purposes. We ensure these communications are conducted respectfully and aim to provide opportunities aligned with your interests.

5. Privacy and Data Protection: We respect your privacy and are committed to protecting your personal information. Your details will not be shared with third parties, except as required by law or for purposes directly related to the safety of open house events.

6. Acknowledgment: By submitting this form, you acknowledge that you have read, understood, and agreed to these terms and conditions. You agree to adhere to any additional requests or instructions the real estate agents provide to maintain a safe and secure environment during your visit.