How To Pick The Best Value For Money Home

Buying your first home is an exciting moment in your life. However, we need to be aware of a few things in order to be satisfied with our purchase.

Sometimes we make rushed decisions, and that leads us to experience buyer’s remorse. We may start noticing defects in the house that we didn’t see before, and then we start questioning our purchase. But it’s too late – you already bought it! 

People search for months to find their “perfect home”. But the truth is that no house is perfect. Purchasing a home is a significant investment, especially for those who work really hard to earn money. If you get a loan, you might get into debt, but it’s the best investment you could make.

No one knows what their future is. You might have an outstanding financial situation right now, but later you could go crashing down. That’s why we need to make investments during our flourishing times. That way, you make sure that you have somewhere safe to live. 

After buying the house, you shouldn’t keep looking for houses. You might encounter a similar home at a lower price point. But don’t worry, we’ve got some tips to make sure that you pick the best house at the best price.

Choose the Right Neighborhood

If you want to get the best value for money, you need to take a closer look at the neighborhood you’re interested in.

Some neighborhoods are more expensive than others. It all depends on the location and what’s around them.

For example, an apartment in Montreal is going to be expensive due to the fame of the city. But, if you still want to be around that area but at a lower price, you could search condos for sale in Griffintown. It is still located in Montreal, but a bit further from the central city.

Being a little further from a city has its benefits. You can enjoy fresher air and a quiet neighborhood, but you can always go to the city for those things you need to buy. 

Look at Recently Sold Properties

Before making the big purchase, you should look at similar houses to the one you’re interested in.

A comparable property is one that is similar in location, size, commodities, and condition. If you find one, you should compare both of them. 

Comparing two houses involves questioning whether they are at a similar price point or not. Is your house more expensive than bigger houses? Or is it cheaper than a similar one?

All of these questions can be answered with a quick online search. If you find that the house you want is more expensive than others similar, you should ask for a different price or search for another house all around. 

Research about Unsold Houses

Unsold houses can speak volumes about a property. Most houses don’t sell because they are overpriced, and this can be the situation for your future home that you might not even notice.

Sometimes, an overpriced home has its reason for being at that price. Maybe the previous owners did a lot of renovations and put expensive materials in the home. This is the only scenario that could justify a higher rate than other houses. 

The inside of a home tells us a lot about the owners. It doesn’t matter if the property is rather small; as long as the inside looks luxurious, it will elevate the price over other houses.

Market Conditions

An essential part of buying a home is researching the market. Similarly to the stock market, the real estate market also fluctuates a lot. 

Sometimes, there is a peak of prices, and other times, the prices decline. You need to research those fluctuations and see where you stand on. If the market is declining, you might feel that the houses are overpriced. On the other hand, if the market is at its peak, this is the best time to buy because some houses might maintain their original price. 

For Sale-by-Owners Properties

This is when the owner itself sells the house without a real estate agent. Usually, the prices of these homes are lower because when the real estate agent sells, they get 6% in commissions. 

Without the presence of a real estate company, the price should go down due to the non-existence of the commission for the agent. 

Sometimes, these owners who decide to sell themselves, might not set a reasonable price. Maybe the agent told them a price, and they weren’t happy, so they went with a price that they thought was fair. 

Final Thoughts

Buying a house is complicated, and it involves a lot of factors. Make sure that the price is fair for the house, and apply all these tips during your purchase.

Finding the perfect property: top tips

Whether you are seeking to get your foot on the property ladder or you are hoping to purchase a new house, finding the perfect property for you can take time and effort. Make a list of all the things you would like to find in a property and order them according to priority. Presenting that list to an estate agent may help, but also be sure to keep an open mind. Sometimes, the things we are convinced we want are actually not the most important and we find other things we much prefer. Continue reading for our top tips to make the search for your dream home as pain free as possible. 

Take a trusted friend

Viewing properties on your own can be challenging, so take a trustworthy friend with you. If you are dazzled by the room sizes and struggling to see any pitfalls, your friend may well be the one who can ground you and show you the work that will need doing. Someone who will be honest with you is exactly what you need when you are about to make one of the most expensive purchases of your life.

View a range of properties

Looking at homes on the Internet can be a great way to narrow down the number of properties you would like to view. However, seeing photographs and floor plans does not convey the emotions you get when you walk into a house. Be sure to arrange viewings for a number of homes and focus on features as well as feelings. 

Revisit the properties and neighbourhoods

Even if you have fallen madly in love with a property and are certain it is the one for you, be sure to revisit on several occasions. This will allow you to see the home at different times of day and also the neighbourhood. In addition to checking out the area in person, you should also consult online city guides, for example, Markham real estate. Finding out as much as you can about to area to which you would like to move is vital.

Consider a house to do up

Sometimes, despite months even years of house hunting, it might be impossible to find a property that fulfils all of your criteria. If this is the case, why not consider buying a home that needs some work doing to it? Often, these properties will take into account the number of flaws and the price will be adjusted accordingly, leaving you more money to carry out renovation work on the property rather than spending it on the mortgage. 

Be proactive

Imagine finding the perfect street in the perfect city, yet no homes come up for sale in that area. That could be because of the idyllic location and wonderful neighbourhood. Instead of just sitting back and waiting, take the situation into your own hands and be proactive. Make flyers explaining that you are looking for a house in that area detailing exactly the type of property you desire. Post them into each house with your telephone number and you may well find your future home this way. 

Plotting Your Entrance in Real Estate – Key Steps You Shouldn’t Overlook When Flipping a House

House flipping is a huge investment solution today. Since television shows have made this sort of activity popular a while back, almost every person you know has at least thought about flipping houses. 

But getting in the industry is difficult, and staying in is even trickier. This is why you want to make sure your first investment of this kind is a successful one. And to help you tackle the process like a pro, we have a step-by-step guide you can follow.

 

First, what is house flipping?

The house flipping concept is familiar to many people out there, but if you’re not one of them, we have more details. Simply put, house flipping means buying a house, renovating it, and selling it for a profit. 

Generally, house flippers search for homes in poor condition that regular buyers can’t be bothered to renovate. Obviously, these properties’ selling point is quite low, leaving room for renovation expenses. Bringing it to a decent condition and ensuring it meets the buyer demand. Now that you have a better understanding of what the process involves, you know if you are ready to get involved in a project of this amplitude. 

Do your research

Like all investments, house flipping needs to be backed up by a ton of research. To end up with a hefty amount of money in your pocket, you must carefully analyze the local real estate market and its potential. 

Besides, analyzing different markets will allow you to make a much more suitable investment decision for your current buying power. 

For instance, if you only have a modest amount of money, let’s say CA$20,000, it would be futile to try to invest in markets where property prices go well above CA$900,000. 

In this case, regardless of your financing solutions, it will be nearly impossible to cover that sum. So, before starting your house flipping investment, research the market and decide what range you can afford to invest in. This will help you ensure you have a generous profit margin once you renovate and sell it. 

Write a business plan and set a budget

You have to start thinking like an entrepreneur. And so, you need to write a business plan for your investment. You don’t need to write a fancy corporate-sounding business plan. 

However, you do want to set a budget, timeline and project outlook. When writing your first business plan as a real estate investor, make sure to include the following.

  • How much money you want to invest in your first investment property?
  • How much money do you want to hold in reserve?
  • How much money do you plan to invest in renovations?
  • Do you have enough money to cover your expenses until you get the lending money?
  • What type of renovations do you plan to bring to your investment property? 
  • Are you willing to repair structural issues, too?

Try to answer all these questions and you will have an easier time planning the whole house flipping business. As a general rule, avoid structural fixes. These involve a lot of permits, work and expenses. Instead, try to focus on cosmetic updates. These are easier to handle and don’t involve paperwork at all. 

Get the financing before starting to flip homes

One of the most common issues encountered by house flippers is not planning the financing part in advance. You need to find financing before you make an offer and have it approved. This will simplify this type of investments tremendously and it is a piece of advice you must remember for your entire career as an investor. 

Be wise when you apply for financing. Some banks have impressive interest rates on this type of loans, which you most definitely want to avoid. Also, make sure that you pay close attention to fees and other similar variables. 

Networking matters

Get in touch with contractors and try to bound meaningful collaborations with them. This is one of the easiest ways to ensure all the projects you carry on your flip property will be successfully completed. 

Ideally, you should start getting quotes before starting to work on your project. This leaves you enough time to test different contractors and compare their fees. 

Find the right property

Learn how to find amazing deals in the targeted area. In short, you should learn how to spot properties under the market value but with huge potential. Try to collaborate with a realtor, at the beginning of your investment journey. Alternatively, you can try to work with property wholesalers or to build a strong mail marketing campaign. 

Renovate

We mentioned how you should only consider aesthetic renovations, and we stick to our suggestion. These are easier to handle and don’t require permits and other paperwork. Learn how to find contractors that work well and work fast, efficiency is one of the key ingredients to a profitable house flip. 

Pay attention to elements like kitchen, bathrooms, and flooring. These are some easy and affordable ways to sell a property for a profit. 

Clean it spotless

Once you finish renovating your property of choice, search for a Toronto commercial cleaning company that can handle the cleaning part in a timely fashion. With high-performing equipment and professional cleaning products, a similar company will do in a matter of hours what a maid can accomplish in a week. Acting fast is another secret to a successful and profitable home sale. 

Plus, cleanliness is one of the easiest ways to market your flip property to potential buyers, so it matters a lot in the large picture. 

Sell it!

This is the last and easiest step you must take care of before enjoying the results of a lengthy and tiring process. We say this step is the easiest because it will mainly be handled by your realtor. So, make sure you find one that can help you sell your flip property for a generous profit. Keep in mind that the entire pricing process can be a close collaboration between you and your real estate agent. 

This is one of the easiest yet comprehensive guides you can follow to start your investment journey as a real estate professional. 

How Do Construction Loans Work?

Building a new home is a dream for many Canadians, but unless you’re paying with cash, you’ll need to obtain a construction loan to make your dream a reality. These loans are different from conventional mortgages, so it’s important to understand how they work before you even think about starting the building process.

Types of Construction Loans

According to Maxiron Capital, construction loans are short-term and used to finance a building. There are two main types of construction loans:

  • Standalone: The first loan pays for the construction. Once you move in, you obtain a mortgage to pay off the construction debt. Ultimately, you’re taking out two separate loans.
  • Construction-to-permanent: You obtain a loan to pay for construction. Once you move in, the lender converts the balance into a permanent mortgage. It’s like having two loans in one package.

It’s important to understand the difference between these two types when applying for your loan.

Standalone

Standalone construction loans aren’t as popular as they once were, but it may work out well if it allows you to put down a smaller down payment. If you already own a home and don’t have much cash for a down payment, this type of loan may allow you to stay in your current home while your new home is being built.

But there are some drawbacks to a standalone construction loan:

  • You’ll pay two sets of closing costs: one on the construction loan, and one on the permanent mortgage.
  • You won’t be able to secure a maximum mortgage rate. If rates rise while your home is being built, your permanent mortgage may have a higher-than-expected interest rate.

Construction-to-Permanent

With a construction-to-permanent loan, you only have to worry about one closing. This reduces the fees that you have to pay.

While the home is being constructed, you’ll only have to pay interest on the outstanding balance. The interest rate will be variable during construction, meaning that it will move up or down with the prime rate.

Once the construction is complete, your lender will convert the construction loan into a permanent mortgage. The permanent mortgage is just like any other home loan. You can choose between a fixed-rate and an adjustable rate loan. You can also choose between a 15-year and 30-year mortgage.

With many lenders, you have the ability to lock in a maximum rate once the construction begins. Generally, lenders will require a down payment of 20% with this type of loan. Of course, every lender will have its own requirements.

One other important thing to note: construction loans are generally harder to obtain than a conventional mortgage. Because you don’t have a complete home as collateral, qualifying for a loan can be challenging. The lender will also want to be sure that you can afford to pay the monthly interest payments in addition to your existing mortgage or rent.

Don’t let the challenge of obtaining a construction loan deter you from building your dream home. If you take the time to make sure that your finances are in order and that your credit is in excellent shape, securing a construction loan may not be as challenging as you think.

 

 

 

Financing a custom-built home

If you’re considering a custom-built home, there are some core considerations  

Buying a turn-key home has some clear benefits in terms of offering you a ready-made home, where someone else has made all the tough decisions for you, while building offers you the opportunity to customise your home exactly as you want and need it – but it means making the tough decisions yourself.

It’s a good idea to familiarise yourself with some trends in the Canadian real estate market before you get started.

Here are some things you must consider:

Getting a loan for a custom-built home

Bear in mind that getting a construction loan for your custom-built home can be a little more difficult than applying for a traditional mortgage. Construction loans are generally considered to be a higher risk. This means that you’ll need to have really strong credit, and you’ll likely need to have a deposit of 20-25% saved. It’s usually easier to get a construction loan to build on land you already own.

Check out our overview of the Canadian real estate market here, and learn more about how to organiae your finances here.

Get ready for paperwork

As well as proving to the bank that your finances are in order, you’ll need to convince them that this house will definitely get built. How? You’ll need to demonstrate that this is a well-planned and low-risk project by providing details of the land where your house will be built, floor plans, ceiling heights, insulation and building materials.

The bank will also want to see a realistic timeline for when your home will get built.

Planning your budget

Building a custom home is generally considered to be more cost-effective than buying a standalone home, but only if you know what you’re doing.

Map out your budget projections carefully, research your costs carefully, get more than one quote for big elements of the project, and make sure to leave yourself a cushion in case any element costs more than expected.

A slight budget over-run can cause significant delays in your project if you haven’t prepared for it.

Work with professionals

It may be your dream home, but it’s not a DIY project – in order to secure financing for your home you’ll need to show the bank that you are taking a responsible and sustainable approach to getting your house built. That means brining in experts like the team at FC Developments. Working closely with a contractor like FC Developments from Edmonton, will ensure that you get your project financed, and also that the project gets completed by the deadline and is finished to a high quality.

So…

Building your own home is an ambitious endeavour. It’s an ideal project for those with a clear vision of what they want, and the tenacity to see the project through, even as occasional delays or budget over-runs happen.

Getting the right financing can pose initial challenges, but with sufficient forward-planning, you’ll be building your dream home in no time.

Foreigners Investing in Canadian Real Estate

There’s a gold rush in Canada…

Foreign buyers have been mining for years now, competing with domestic buyers for real estate, especially in Greater Toronto Area and Greater Vancouver.

Why?

Because the Canadian economy continues to grow at a rapid rate… and…

Canada is leading the way of all G7 nations in population growth. It’s expected to rise at a rate of 2.4% over the next few years (while most others are seeing a population decline). GTA is expected to receive 28% of this growth (according to CBRE’s annual Global Living 2019 report). With a rapidly growing population, there comes an influx of foreign buyers ready to sweep up gold-coated real estate.

Plus… you don’t need to have permanent residency or citizenship to buy property in Canada.

As a buyer, you can reside in Canada temporarily. If you choose to have an extended stay or become a permanent resident of the country, you will, however, need to fulfill immigration laws.

Or, you can choose to remain a non-resident. You simply need to comply with the CRA (Canada Revenue Agency) by filing annual tax returns.

This makes it easy for foreign investors to get themselves a slice of the pie.

Where Are Foreign Investors Buying?

#1 Toronto

According to the PWC – Emerging Trends Annual Report, net immigration in the Greater Toronto Area hit a 15-year high in 2018.

With an ever increasing population, always comes an increased demand in housing. But this demand isn’t just coming from those living in Canada. Increases in population and economy will attract millions of gold-frenzied eyeballs worldwide.

The CBoC reports that the local construction sector is estimated to hit 10 years in a row of growth this year (2019), with GDP estimated to reach approximately 2.3%.

In April 2017, once the 15% foreign buyers tax was enforced, market conditions fluctuated. Plus, interest rates rose (with Bank of Canada raising theirs 0.5% to 1.75% from 2017 to 2018. Not only that, but according to CBRE’s Global Living 2019, the average house pricing grew only 1.5% in 2018.

This is very low, compared to the average 10% annual growth (which we’ve seen for the past 10 years).

#2 Vancouver

Vancouver has been the West Coast pillar of Canada for decades. It’s one of the most expensive cities to live in across the globe. With an average house price of $1,011,200 (March 2019), Canadians are feeling the after-effects of major foreign investment over the years.

According to Stats Canada, foreign property ownership in Metro Vancouver is above $45 billion (including $22 billion in the City of Vancouver).

Also, 20% of condos worth $1.5 million or more are ownded by non-residents. This number is staggering, and it is rare to see a city in the world with foreign ownership this high on condos.

After there was still a struggle to cool the market in 2017 with the 15% foreign buyers tax, there had to be more done in Vancouver.

So the foreign buyers tax was increased to 20%. Another solution brought in was an increased tax rate on homes valued above $3 million. (Read more at PWC – Emerging Trends). Plus, an empty home tax of 1% of the property’s assessed taxable value.  

From August 2017 to August 2018, annual growth for house prices was 4.1%, which was much lower than the 9.3% average over ten years (according to Global Living 2019).

An Opportunity To Strike Back From The Foreign Buyer Frenzy…

Despite the difficulty in affordability to enter into the market (especially as a first time home buyer), this cooldown period in the two hottest real estate markets in Canada is good news for Canadians.

It brings an opportunity to enter the market during a cooldown from the fluctuations that have been greatly influenced from foreign buying.

Experts at SKYHUB suggest that if you’re looking to get in the market but have been dealing with affordability constraints, a window of opportunity has opened up for you to get in before it heats up again.

When it comes to choosing between Vancouver or Toronto: Analysts advise toronto homes takes the lead over Vancouver with the very promising economic and population growth fueling the future real estate growth.

With the Price of Condos Going Up in Toronto, It’s Important to House-Hunt Efficiently

Are you looking to break into the ultra-competitive and cutthroat world of condo-ownership in Toronto? Consistently scoring within the top 10 most liveable cities in the world, Toronto offers all kinds of reasons to put down roots and invest in property. Because so many others are thinking the same way, the housing and condo market tends to be extremely fast-paced, expensive, and competitive. With so many condos being built around the city, you may be under the impression that it’s simple to get in, but you couldn’t be further from the truth.

Here we’ll take a look at what you need to know about the condo-hunting process in Toronto to ensure that you get the most bang for your buck and a property you are happy with.

Target a Few Specific Neighbourhoods

Because Toronto is a big sprawling city, your search can feel pretty overwhelming. This is why it’s a good idea to start by narrowing it down to a few target neighbourhoods. Your “top” neighbourhoods can be decided by a number of factors such as proximity to work, nearby shopping, dining, and entertainment, access to public transportation, and the general feel of the neighbourhood.

By targeting your search to a few neighbourhoods you’ll be eliminating all kinds of options that ultimately won’t fit your list of criteria.

Create a Wish List of Amenities and Features

Now that you’ve got your eye on a few specific neighbourhoods, it’s time to create a wish list. These are items that you’d like the condo to have, and these should be prioritised. Some will be deal breakers whereas others you may be willing to live without.

Typical amenities you may want to look for include on-site parking, additional storage locker on-site, washing machine and dryer in the unit, secured premises with an on-duty security person, a pool, a gym, your own outdoor space (a patio or balcony), etc.

Be Aware of the Condo Maintenance Fees

It’s also important not to just focus on the list price of the condo but also the maintenance fee. What can seem like a reasonably priced unit can actually be quite costly once you factor in the monthly maintenance fee. Statistics show that condo fees in Toronto have actually gone up 2.5% in the past two years, so it’s something you need to be aware of.

Don’t Be Fooled by the Staging

As you tour the various condo units, you also want to view things with a critical eye. Don’t be fooled by the seller’s staging with furniture and décor. That stuff won’t be staying, so you need to look at the bare bones.

Still Looking for More Information?

If you are still looking for more information and want to be sure you know all there is to know before you dip your toes in the market, it’s best to continue doing your research. This guide outlines most of what you need to know before and during a condo-hunt in Toronto. It can answer all your burning questions, and ones you didn’t even think to ask.

Find the Condo That Meets Your Budget and Needs

By following these tips, you’ll be able to head into the condo hunting process much more confident, and ready to find the best unit for your budget and needs.

Basic Tips To Help You Have A Perfect Lawn

So many homeowners want to have a truly perfect lawn but do not actually know how to do this. Taking care of the lawn is something that is not as easy as you might think. It needs a lot of work. You need to be sure that you do all that is needed in order for the lawn to be perfect. This requires a lot of knowledge. The tips below, offered by Fix It Right Plumbing, will help you do exactly that.

Preventing Weeds From Showing Up

You have to stop the weeds from gaining roothold inside the lawn way before they start to germinate. This is pretty easy to do when you use a suitable herbicide. You want to buy a pre-emergent one that will control dreaded crabgrass, all while eliminating some specific weeds that are damaging for lawns. The idea of these herbicides is that they stop seeds from sprouting. Just be sure that you follow the package instructions in regards to protective equipment, safety precautions, application procedures and proper clothing.

Remove Broadleaf Weeds As Soon As They Sprout

When broadleaf weeds appear they are instantly obvious. They are bright yellow, like dandelions, have white-flowering clover and a big-leaf plantain. You want to treat this by applying granular weed control. When just some offenders are seen, as is often the case with most lawns at the beginning of the infestation, hand removal is possible.

As a helpful tip, wait until heavy morning dew appears if you want to apply the granular weed products. Granules require moisture in order to properly stick to the weed leaves. Dewy mornings give you exactly that.

Frequent High Mowing

When you mow the lawn short it all seems like a wonderful time saver. The problem is that this practice can actually damage the grass. Weeds also end up rooting faster. You want to keep the law just a little bit taller. This makes the grass healthier. Generally, the idea is to never cut off anything more than one-third of grass blade.

Sharp Mower Blades Are Mandatory

When the lawn mower has dull blades, grass will be torn. This results in ragged edge in the blade, which makes overall lawn appear grayish brown. You want to replace or at least sharpen lawn mower blades if wear signs appear. As an alternative, do this once if mowing season starts.

Lawn size and mowing frequency always dictate if you should replace or sharpen blades more often. You want to look at grass blade right after you mow. When it is frayed or shredded, you want to sharpen up the blades.

Water During Mornings

No matter what you might think, the very best time to water the lawn is always during the morning, early during the morning. This is because sun helps dry grass. If you water during the night or when it is dark, prolonged blade moisture appears. This can easily lead to lawn diseases. Water less but for a longer period of time. This is always better.

5 Reasons Why Organizing Your Basement Renovation in Advance Matters

You’d like to do something with the basement other than use it for storage. Before you think about starting a basement renovation in Markham, it pays to work with a contractor to come up with a specific plan of action. This approach will make it a lot easier to achieve the desired result. Here are five other reasons why developing and following a step-by-step plan is a good idea.

Further Defining How You Want to Renovate the Space
Choosing to identify the steps for basement remodelling and arranging them in the proper sequence helps you to get into the details of how you want to renovate the space. While you do know that it will become a spare bedroom, have you thought about little things like where to place the bathroom or how many outlets you want along each wall? By getting more precise with the steps related to the wiring and the plumbing, you can plan more effectively.

You Avoid Having to Repeat Steps

Establishing a specific sequence for each of those steps for basement remodelling means following a logical progression of events. That progression means that you don’t end up having to undo something that was already done, then go back and do it a second time. This is important, since repeating steps because they were out of sequence will only add to the overall cost of the basement renovation in Markham.

It’s Easier to Schedule Deliveries of Essential Materials

The basement renovation in Markham will require purchasing quite a bit of supplies and materials. Unfortunately, there is not room to store everything until it’s needed. A better approach is to set up a series of deliveries that occur just before you will need certain materials.

Your steps for basement remodelling help to define that delivery schedule. Instead of having to work around things that won’t be needed for another week or so, it’s easy enough to make sure each delivery arrives a day or two before the supplies are needed. If something slows down the project, you can always call ahead and delay the next delivery by a day or two.

Measuring Progress is Also Simpler

Those precise steps for basement remodelling also make it easier for you to track the progress. Without them, you can see that some things are done but may not be sure other tasks are fully completed. With a series of steps, it’s easy enough to check each one off as it’s finished. The result is that you always know how much of the basement renovation in Markham is done and how much work remains.

The Project Will Be Finished Sooner Rather Than Later

A defined series of steps for basement remodelling make it all the easier to start, complete, and move on to the next task without wasting any time. Thanks to the level of organization you bring to the project, it’s all the easier to keep everything on track and get the basement renovation in Markham finished on schedule. Since time is money, you do want to make sure everything is finished by the projected completion date.

Start work on the planning for the renovation today. Work with a contractor to identify each of the essential steps and how to arrange them in a logical sequence. Remember that each step may be further defined by arranging a series of sub-steps under each primary step. This type of advance work will provide benefits from the very first day and continue all the way to the completion of the basement renovation.

Penguin Basements Renovations (Basement Contractors)
906 Magnetic Dr
North York
ON
M3J 2C4
Canada
416-633-7180

5 Easy Tips That Will Help You Rent the Right Temporary Office Space

There are all sorts of reasons to look around for temporary office space for rent. Maybe your permanent office is being renovated or you are visiting a new city in hopes of establishing a base of operations there. Whatever the reason, it pays to look around and secure the right type of office space. Here are five simple steps that will help with the process.

Choose the Location Wisely

Location matters when you start looking into different AgileOffices rental options. The location should be practical in terms of what you hope to accomplish while you are in the space. That means some areas of town will be a better fit than others.

Maybe you need temporary space while your permanent office is being renovated or some type of repair to the wiring or plumbing is made. Think about finding a location that your employees can get to with relative ease. Next to making sure there’s enough space for everyone to work, ensuring they can find the place is important.

If you are coming to the city in hopes of winning new customers, temporary office space that happens to be near your prospective customers is always a good idea. For example, if you are focusing on clients who happen to be non-profit agencies, find space that’s in or near the part of town where most of them have a presence. It saves time getting to them and certainly makes it more convenient for them to come to your office if they like.

Determine How Much Space You Need

How much space do you need? You can arrange for office space for rent that encompasses an entire floor or involves only a couple of cubicles. Base the estimate for space on the number of people who will work out of the rented office and whether or not clients will be dropping by. You can bet there will be something among the different AgileOffices rental options that happens to be just right.

Confirm the Amenities and Features That You Are At Your Disposal

Most AgileOffices rental options include features and amenities designed to make your visit more comfortable and functional. Find out what is available in the way of temporary phone service, Internet access, front desk support, and even being able to use a shared break room. While you may not use all the amenities and features offered with the temporary office space for rent, it’s nice to know they are there.

Choose Something With Nearby Parking or Easy Access to Public Transport

Whether it’s just you or if there are several people sharing the temporary office space for rent, make sure there’s plenty of parking nearby. The last thing you need is team members having to walk several blocks just to get from their cars to their rented work cubicles. It also helps to have access to public transport nearby. When it’s easy to take transport that lets people out on the block as the building where they work, it’s tempting to leave the car at home and let someone else take care of the driving. You’ll find many AgileOffices rental options that do have parking adjacent to the building or at least have public transport stops close by.

Ask Questions About Security

Always ask what the office space for rent has to offer in the way of security. Do the doors lock using traditional keys or possibly coded key cards? Perhaps they require entering access codes that are issued to each tenant. Remember to ask about security cameras and the presence of security guards. If you are happy with the security measures as well as the other features, that building may be perfect for you.

Could you use temporary office space for a day, a week, or a month? If so, check into the AgileOffices rental options that are available for the time you need temporary space. There’s sure to be something that will have all everything you want.

Agile Virtual Offices – Office Rental, Executive Office Spaces Lease
CF Toronto Eaton Centre, Suite 2201 250 Yonge St
Toronto
ONM5B 2L7
Canada
+1 855-924-4539