condo Archives - Flipside Homes

How to price the rent for your Vancouver income property

Before buying any Vancouver income property, you need to look at the rent you could charge. Would you be able to cover your expenses? Or make a profit? Figuring this out will allow you to assess if you should buy a certain Vancouver income property. Not sure how to make this assessment? Today we will teach you the way to do it! The costs of your Vancouver income property The first element you need to look at in relation to your potential Vancouver income property is expenses. Make a list of all the expenses you need to consider. Here are a few items to get you started… 1. Down payment Think about the size of the down payment you will be making. Remember that the more you put down, the smaller your mortgage will be. 2. Mortgage How much will

House vs. condo: Investment property renovation tips

By Vaughn at Flipside Homes|2018-04-24T13:14:10-07:00May 4th, 2018|Investment Properties|

There are a lot of factors to consider when weighing up a house versus a condo as an investment property. One of the central questions, however, is how easy each one is to renovate. That is why we have put together a list comparing investment property renovations for houses versus condos. Investment property renovations: houses versus condos 1. Permits Major renovations to houses often require building permits in Vancouver and surrounding cities; you’ll also need permits to do work that changes or moves electrical wires, gas lines and plumbing. By contrast, most condo renovations just need the approval of the condo board – as long as electrical, gas and plumbing systems are not affected. In some cases, that can make the process easier; but, in others, it can become difficult to get any renovation through the board. 2. Materials With