The Blog.

Buying, Selling, Investing and everything in between.

The Ultimate Guide to Upsizing Your Home

So many articles are written about downsizing your home, but what about upsizing your home? Whether your family is growing with the birth of a new child, the combination of households from a blended family and/or a multi-generational family, or maybe you’re tired of living in a shoe-box sized apartment or you’re finally ready for your forever home, sometimes you just need more space than your current house can offer. What is upsizing? When people talk about upsizing, they generally mean buying a more expensive home with more space. Most people think of upsizing usually just in terms of more square footage, but it can mean a lot of other great things too! When I

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How to Talk to Your Parents About Downsizing

I’ve had a couple of clients approach me recently asking how to talk about downsizing with their aging parent(s). And while they had different motivations and were in very different situations, they are some general themes that can help with these conversations. Determine Your Motivation First and foremost, determine YOUR motivation for wanting to discuss this with them. Are you concerned about them being able to keep up with the maintenance of a large home? Are you wanting to help them minimize and declutter so they can move to a smaller home? Do you want them to be able to access some of the equity they’ve built up in their home to help with retirement

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Home Buying: Determining Your Needs vs Wants

When we first start thinking about buying a home, many of us get caught up in how great it will be and all the features we want it to have. Things like tall ceilings, 5 bedrooms, a dedicated office space, a 2-car garage, a pool, etc etc. Unfortunately, unless you are building your own home, the available homes in your market may not have every single thing you are looking for. Or maybe there are homes that fit all of your criteria, but are way out of your price range. What do you do now? You know you want to buy (whether you’re tired of renting, or if just makes more financial sense to buy

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How Investing in Real Estate Early can Pay for Your Wedding and Babies

We’ve spoken in depth about how real estate investing can be an important part of your retirement investment portfolio (Check out our Buy and Hold and BRRRR Investing Strategy posts for more info on that). But what about your other expenses today? Can investing in real estate really benefit your life right now? Today we’re walking through a case study of how investing in real estate early and having a little patience can set you up for years to come. Please note that this is a fictional case study for demonstrative purposes only. All numbers (income, price of home, interest rates) have been selected based on current realistic numbers to demonstrate the potential difference between

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10 Reasons to Buy a House in Ottawa (right now)

Ottawa consistently ranks among the world’s most desirable cities to call home. The city offers a strong employment market and affordable housing. It is culturally diverse and has something for everyone. From green-space to the foodie scene, to festivals and sporting events, the love for Ottawa is on the rise. Before we get to gushing about how great the quality of life is here in Ottawa, let’s talk about why now is a good time to buy a house in Ottawa based on the real estate market. 1. Interest rates are still low Economists are predicting interest rates will remain steady for the rest of 2019 as the mortgage stress test is having a greater

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Should I Sell My Home? How to know if you should sell your home or not

Should I Stay or Should I go? Thinking about selling your home but not sure if it’s a good idea? There are a few things to consider including your life circumstances and current financial situation. You’ll also want to understand the current market, the costs of selling your home, and your ability to finance your future living goals. Determine why you want/need to sell your home Most of the time, the decision to sell one’s home is due to a life change. You may be moving to a new city for a job change, downsizing once you become empty nesters, or you may need more space as you grow your family. It could be that

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Michael Murphy, Ottawa Realtor

Hi, I'm Michael

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