Explore the financial wisdom behind obtaining a property appraisal when contemplating the shift from primary residence to rental property. In this insightful blog, we delve into the multifaceted advantages that a well-executed appraisal brings to this transitional phase. From optimizing tax benefits by accurately assessing capital gain exemptions to simplifying potential future sales to tenants through a solid valuation foundation, we uncover the pivotal role an appraisal plays. Moreover, discover how this strategic move can facilitate smoother financing for a new primary residence, leveraging the equity amassed in the rental property. Unravel the complexities of homeownership and investment, and learn how a single appraisal can be the key to unlocking a host of financial opportunities in your property journey.
At a critical crossroads in urban development, the City of Winnipeg grapples with a nuanced challenge: balancing growth aspirations with stringent building practices for citizen safety. Recent regulatory shifts, while commendable in their commitment to robust regulations, have unintentionally hindered small-scale investors, particularly those focused on expanding mid and low-income housing. The oversight is starkly evident in the disproportionate impact on investors constructing on infill lots in developed areas, notably impeding efforts to meet housing demands in revitalization-needing zones. The well-intentioned introduction of red tape, beneficial in new developments, paradoxically becomes a stumbling block for infill lot investors, creating a conundrum that conflicts with the city's overarching goal of addressing housing needs. This discussion delves into the intricate challenges of infill lot development, advocating for a balanced approach that considers the specific needs of investors and fosters fair and equitable growth throughout Winnipeg.
5 Reasons The Income Approach is an underused tool for investors considering purchasing a rental home.
Rental expense and vacancy rates are rising in Winnipeg. One simple explanation? High supply and low demand.
We highlight what to know when purchasing or marketing an investment property outside of an urban center.
