Christina, Author at Lets Talk Real Estate Team - Page 6 of 19

A Guide to Buying Pre-Construction in Guelph

Jul 20,2023 | Investing

Pre-construction is a popular option for home buyers seeking new and customized homes in Guelph, Ontario. When considering purchasing pre-construction, buyers should research the developer’s reputation, the location, and the unit’s layout and size. It is important to have a lawyer review the contract, including the final price, deadlines, and potential hidden fees. Buyers should also consider their financing options and take into account unexpected delays or changes in the market. Pre-construction can be a great opportunity for homebuyers to tailor a new home to their preferences, but careful consideration and planning are essential.

Why Guelph’s Stable Market is Great News for Investors

Purchasing pre-contruction is also a great opportunity for investors and something I have encouraged with my clients (depending on the product (many times). Buying in the first phase of construction or in the first launch gives you an opportunity to purchase at potentially a lower cost. Depending on the real estate market at the time your investment could increase by hundreds of thousands of dollars by the time you close. Which just means more equity in your pocket! And when you can turn around and sell it OR use the equity to leverage more properties for your pro-folio. With Guelph’s stable environment this has served both my clients and myself well over the past decade.


Why buy in Guelph? Here are just a few great reasons:


What Is the Difference Between Resale and Pre-Construction?

Pre-construction and resale properties differ significantly in terms of the buying process. Pre-construction refers to properties that are yet to be built, while resale properties are previously owned. On the one hand, pre-construction allows buyers to customize the properties according to their preferences, though they may have longer wait times before move-in. When thinking about purchasing a new home, buyers are “at the mercy” of the construction process and their timelines. These timelines can vary from a few months to a few years. The longer the potential closing date is, the more flexibility we would suggest having when planning to move in.

On the other hand, resale properties offer buyers the opportunity to inspect the homes before purchasing and may come with established communities and neighbourhoods. These homes can be ready for occupation immediately and buyers can choose and negotiate on the closing date that works for both parties. In addition to considering these factors, buyers may also want to consider the paperwork involved, because there is a big difference with the documents associated with a pre-construction and resale.

With a pre-construction purchase, most builder agreements are substantially long (50-100 pages) and cover much more information in the build and construction process. Because what a buyer is purchasing is not yet built, every detail of the property must be written out and signed off on by both the buyers and the builder. It is strongly advised to have a lawyer review these new construction agreements as it is a lot of material to cover and directly affects the property being bought. With a resale, the standard OREA resale agreement can be as little as 6 pages long.

Plan for a Successful Purchase

Secrets to a successful pre-construction purchase are to plan well in advance, be prepared for delays, and work with a real estate agent with pre-construction experience. It’s important that buyers take their time during the due diligence period to ask as many questions as possible. The conditional period for a pre-construction purchase is usually 10 days to review everything and decide if it is the right decision for the buyers. It is important to make the most of this time to ensure the buyers signing the agreement understand every detail and part of the process. There is a lot of material to review and understand, and discussing them with a realtor, lawyer and the builder is very important to ensure there are minimal surprises when the keys are made available for move-in.

One of the most exciting and crucial steps in the pre-construction homeownership process. Buyer’s need to consider their personal style, budget, and functionality. Key areas to focus on include flooring, cabinets, countertops, and bathroom tiles. While trends and fads may change, quality finishes and neutral colours will always add value to the home. It’s critical to look for reputable vendors and materials that meet the preferences of the buyer while still meeting the builders standards. With some careful planning and attention to detail, the perfect home can be created and tailored to a specific lifestyle. Ultimately, the choice between pre-construction and resale depends on buyers’ individual needs and preferences.

Are you ready to explore the many options for pre-construction in Guelph? Reach out today at nick@cbn.on.ca or call directly at 519-830-4823 for more information.

Everything to Know About Guelph’s Royal Reach Gala

Jul 18,2023 | Guelph Living

Royal Reach, founded by Christina FitzGibbon & Morgan Dundas, was born in an effort to give back to the local community by creating a platform that encourages and facilitates the next-generation philanthropy.  The idea behind the event was create an experience that people in our community would be excited to go to each year all while raising money for charity… this is where Partying with Purpose was coined!

2022 marked our inaugural fundraising event, and the Royal Reach team were ecstatic to be partnering with an integral pillar in our community, Big Brothers and Big Sisters of Guelph. In year one the team was able to raise just over $30,000 dollars to directly impact 150 children in youth programming in our city. Each year a new local charity will be selected, therefore giving awareness, new volunteers and financial support to a well deserving cause.

In 2023 the  Children’s Foundation of Guelph Wellington and Food4Kids Guelph were the charitable partners and were able to double the amount raised bringing in just over $60,000

​In 2024, the Royal Reach community voted, and decided for the funds raised to go to support he Canadian Mental Health Association Waterloo Wellington’s new Centre for Child and Youth Mental Health and Developmental Services.

Founded by a small group of entrepreneurial Guelphites, the Royal Reach team encourages you to REACH out into your community and find your way to give back! We only hope our event helps to inspire you on your philanthropic journey.

Follow us @aroyalreach and use hashtag #GuelphGoesRoyal

IN THE NEWS:

Guelph Today article: Read here

Global News article: Read here

Guelph Mercury article: Read here

Wellington Advertiser article: Read here

Red Carpet at Royal Reach 2022

 

Check out past events here:

2022

2022 Press Release

An Evening to benefit BBBSG

 

Why First Time Buyers Should Consider Guelph

Jul 31,2023 | Buying

First-time buyers should consider Guelph because it is a growing and vibrant city that offers a mix of urban and rural living. It also has a strong job market, with major employers such as the University of Guelph, Linamar, Hammond Manufacturing, Cooperators Insurance, Sleeman Breweries and coming soon Conestoga College. The city is known for its beautiful parks and trails, recreational opportunities, and excellent schools, making it an ideal place to raise a family. Guelph has a wide range of housing options, from affordable starter homes to high-end properties, making it an accessible and desirable location for first-time buyers.

A First Hand Look at the Guelph Lifestyle

To start with, let’s look at a quick snapshot and video testimonial on what the different areas have to offer:

West End– Walking distance to amenities, affordable housing options, close to tons of parks and recreations centres- Willow West neighbourhood Guelph has lots to offer! WALKING SCORE 62- TRANSIT SCORE 37
North End– Unique and sought after areas in Guelph! Charm, convenience, and a real sense of community! Close to downtown, rivers, many parks, the hospital, and all the Guelph historic charm- St. George’s Park area is highly sought after and a great place to put your real estate dollars. A lot of century homes that have been given a little refreshing making every property unique and beautiful! WALKING SCORE 65- TRANSIT SCORE 52
East End- New developments and facilities makes this area a newer growing community in the City of Guelph. Due to being a bit underdeveloped homeowners are finding they can get more bang for their buck in the East end of Guelph, with newer construction and beautiful homes! WALKING SCORE: 33 TRANSIT SCORE: 34

Want to know more about what we offer to all of our buying clients? Learn all about our detailed process right here.


South End-  The family-friendly neighbourhood, with schools, restaurants, grocery stores, shopping, literally everything you need within a few kms. PLUS southern point of Guelph therefore easy access to 401 for commuters and heading to the cottage. The growth seems constant in this area giving new and old residents to Guelph lots of living options (condos, high & mid-rise, townhouse, stacked towns, duplex, detached homes, estate lots etc.) WALKING SCORE 67 – TRANSIT SCORE 36
Downtown/Central-   Farmers market, shops, restaurants, bars, grocery stores, art shows, community events, GO train access, family services, all amongst the charm of mid 19th-century homes and modern condos and townhomes! Downtown Guelph has something for everyone. Historic charm and walkability make downtown Guelph highly sought after by all age groups and newcomers to the city! WALKING SCORE 97 – TRANSIT SCORE 57
Puslinch- Puslinch is a township in south-central Ontario, Canada, in Wellington County, surrounding the south end of Guelph. The main source of production is agricultural, spring water bottling and mining. Aggregate mining has been dominant throughout the county. Beautiful landscapes and privacy- also perfect location with easy access to 401, Cambridge, Guelph, Milton ETC.

Ready to begin searching for your first home in Guelph? Our featured listings are a great place to start.


What to Know About House Hunting in Guelph

When shopping in Guelph for your home, first-time homebuyers can explore investment property options to make purchasing a home more affordable, by having an income helper in the home. By renting out a portion of the property, buyers can offset their mortgage payments and reduce their overall housing costs. Additionally, Guelph’s strong rental market and growing economy make it an attractive location for real estate investment. And when you are ready to move on from your starter home, you have a great option to keep it in your portfolio for even more investment income or sell to help purchase a larger family home. With increasing interest in sustainable living and a focus on work-life balance, Guelph may be an ideal place to find an affordable investment property that also aligns with personal values.

A City You’ll Never Want to Leave

Guelph is truly a city that first-time homebuyers won’t want to leave. With the thriving arts and culture scene and a strong sense of community, Guelph offers the perfect mix of urban amenities and small-town charm. Downtown Guelph is a vibrant community that has everything from a farmers market, OHL Hockey team, shopping, amazing restaurants, night life and so much more! Depending on the season you can immerse yourself into the culture of this beautiful city with music festivals, art shows, plays etc!  It also boasts plenty of green space, including the beautiful Victoria Park and the expansive Riverside Park. Plus, its location in the heart of Ontario means that it’s a great jumping-off point for exploring other parts of the province. All in all, it’s easy to see why first-time homebuyers would quickly fall in love with Guelph and want to stay for the long haul.

I am a perfect example of someone who came from just east of Toronto and feel in love with all that Guelph had to offer. After University I knew it was the place for me and starting setting up roots. I call it the Guelph Bubble, because you really do not need to leave, you can get to both ends of the city in 20 mins, and see about 10 people you know in between (But really). Its your small town homey feel with enough culture, and opportunity to keep you from leaving.

-Christina

If you’re thinking about buying your first home, you probably have a million questions running through your mind. Reach out today at nick@cbn.on.ca or call 519-830-4823 to get some answers.

“BRRRR” Your Way to Success as a Real Estate Investor

Aug 3,2023 | Investing

“BRRRR,” otherwise known as “Buy Rehab Rent Refinance Repeat” is a popular strategy for real estate investors.

This strategy involves purchasing a property in need of repairs, renovating it, renting it out, and then refinancing the mortgage to free up equity for further investments.

This strategy can turn a novice investor into a seasoned professional by helping them build their portfolio, increase cash flow, and generate wealth. With careful analysis of the market and a solid plan, investors can purchase properties below market value, increase their value through renovations, and rent them out for a steady income. Finding cash flowing properties is obviously a huge benefit for the model to work. This can be challenging in todays market. But understanding your local market and working with a realtor will help you to navigate the best time to purchase and for the right price.

Snowball Your Equity

Refinancing allows investors to access the equity in the property and use it to purchase more properties, creating a cycle of growth and success. Having a great Mortgage Broker on your  team is also a huge asset. Knowing what you can afford and how the current interest rates will affect your borrowing power is HUGE. 

Paul Gazzola at Mortgage Architects is someone we have worked with time and time again, and would highly recommend him and his team of professionals.  Paul is located at 3 Speedvale Ave. in Guelph, and should be one of your first calls if you are looking to start executing this strategy.  Whether you’re located in Guelph or elsewhere, this strategy can be a great way to achieve success as a real estate investor.

Having a good contractor/builder on your team is another great asset (unless you can manage this portion yourself). All properties need regular maintenance, but some need significant work in order to maximize your rent rates. Having a TRUSTED professional that can give you appropriate estimates and stay on agreed upon timelines will help you to keep your investment working for you!


Do you want to know more about how to invest in real estate? Here are some related reads you may enjoy:


A Trusted and Proven Model for Success

I have many clients that use this model to build their portfolio and wealth. It is important to work with a trusted real estate professional to ensure you’re investing in the right areas, the right type of home and of course purchasing and negotiating for the right price. Purchasing in the wrong area can lead your investment not achieving the right rent rates OR whats worse, staying vacant for too long.

The beauty of investing in Guelph is the University continually brings in renters each and every year. AND year over year keeps growing. Currently Guelph is in a housing crisis, as we do not have enough single family dwellings to accommodate its population. Now with the new announcement that Conestoga College is taking over the old Cooperators Building Downtown Guelph, expected September 2025, we can expect the need for rentals to only increase city wide.

KEY POINTS:

  • Talk to a mortgage broker
  • Understand the area your looking to invest in (rent rates, population, demand)
  • Work with a trusted Realtor®
  • Have a good relationship with a contractor/builder
  • Understand this will not be an overnight success- takes years of building

Do you have questions about how to get started as a real estate investor or how to add to your portfolio? Reach out to nick@cbn.on.ca or call 519-830-4823 for more information.

Community Builders Awards: Laura Paaren strengthens community bonds through the practice of yoga

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Classic two-storey, red-brick home with a dreamy modern interior

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What Does Guelph Have that Toronto Doesn’t?

Jul 3,2023 | Guelph Living

Thinking about making the move from Toronto to Guelph? Worried that you might miss out on some big city amenities? Let’s take a closer look at what Guelph has that Toronto doesn’t.

Looking for Small-Town Charm?

Guelph has a unique small-town charm that sets it apart from Toronto. The city is made up of around 130,000 people compared to Toronto’s 2.7 million. This gives it a more intimate, neighbourhood vibe, which can be more desirable for some people. Personally for me crowds are great for concerts and parties, but day-to-day I enjoy no lines at the grocery stores, coffee shops and malls. The most traffic you will see across the city is during the am and pm rushes which I would say MAX would add 10 minutes of to your drive. Access to the 401 is carefree with Guelph’s Hwy 6 running north and south across the entire city making it easy to get around quickly.

Intellectuals Rejoice! Guelph is Cultured

Moreover, the City is home to the University of Guelph (and soon to be Conestoga College Downtown Guelph), which adds to its cultural and intellectual offerings. There are always events, lectures, and performances happening on campus that are open to the public (and typically free).  Guelph has a incredible philanthropic community and one I personally am very proud to be a part of. If you wanted to get involved in your community and make a difference (no matter what you hold close to your heart), Guelph is connected and plugged in! Move here knowing you will and can easily meet new people and make an impact!

Guelph’s highly rated elementary and high schools also make the area an attractive option for families with children.


Looking for more information about living in Guelph? Read these posts next:


Food and Nature Go Hand-in-Hand in Guelph

Explore downtown and you’ll find a thriving local food scene, including farmer’s markets and renowned restaurants, as well as abundant green spaces and parks. Families will fall in love with Riverside Park with train rides and a carousel open all summer long for residents to enjoy, just one of the many charming Guelph things you will find.

Want to spend more time in nature? Guelph has an abundance of trails for hiking, biking, and other outdoor activities. It’s also close to the Elora Gorge, which is a popular spot for canoeing, kayaking, and tubing. The Rockwood conservation area, offering trials, and camping. And Guelph Lakes, offering a full beach, riding and walking trails, dog parks, boating and fishing access.

Must Love Dogs

Animal lover? As a Guelphite its basically a requirement! With the University of Guelph Vet school and Animal Hospital, Guelph is known for its love of animals big and small. Most places are dog friendly and we have an abundant of dog parks and trails for you to enjoy all year around. During the University of Guelph annual free open house, get a chance to be up close and personal with farm animals, see a dog show and learn all about where our food is made!

Check Out the Guelph Arts Scene

Guelph also has a rich arts and culture scene, with theaters, galleries, and museums showcasing the talent and history of the city.

If That Wasn’t Enough, Consider the Price

Additionally, housing in Guelph is less expensive than in Toronto, which can make it easier for those just starting out or looking to downsize. Newcomers will embrace the strong sense of community, with a welcoming and friendly atmosphere that makes it easy to make new friends and feel at home. Considering a move to Guelph? Don’t worry about what you might be missing – the city has everything you need for a fulfilling and enjoyable life. AND EVEN IF you still miss the city (which you wont) Guelph offers VIA rail service to and from the city as well as GO Bus/Train for easy access to and from daily!

Thinking about relocating from Toronto to Guelph? We can help you find a place and get settled. You can email us at nick@cbn.on.ca or call directly at 519-830-4823 to learn more!

How to elevate your home gym: Advice from a personal trainer

Jun 9,2023 | Guelph Living

 

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No one achieves their goals alone. That’s the thinking behind a local gym that has a real community-building focus at its heart.

Owned by husband-and-wife team Erin and Matthew Thatcher, Rebel Performance in Guelph offers personal and group training, barbell and kettlebell classes, as well as seminars and education, nutrition counselling, physical therapists on site, accountability and peer support.

REALTOR® Nick FitzGibbon sat down with Matt and the pair discussed the basics every home gym shouldn’t be without, Matt and Erin’s absolute favourite piece of equipment and why you might want to think twice before buying that treadmill.

NF: What would you consider to be the essentials for a starter home gym?

MT: Honestly, in the fitness industry this is a bit cliche to say, but it depends. People don’t love to hear that and typically want a concrete answer. When we say it depends, what we really mean is that we need to consider what the person enjoys doing. If you enjoy the type of movement you are doing, you are more likely to be consistent with it and that is the biggest factor in seeing results long-term and building that habit.

That being said, we strongly believe everyone should be doing some form of resistance training, so a good entry point is a set of adjustable dumbbells and an adjustable bench. This offers a ton of options and variability. Adding in a few exercise bands is a relatively cheap investment as well that can also add a ton of movement options. One of our favourite tools (we are totally biased) is a kettlebell. We believe it is the most versatile tool in the gym and if we personally could only have one piece of equipment, that would be it.

Really, at the end of the day, you can get going with just your body weight if that’s all you have access to right now. The biggest thing we try to teach at Rebel, especially when people are just getting started, is really lowering the barrier to entry and making fitness accessible to everyone. Make it easy to succeed and try to find (at least some of the time) enjoyment!

NF: If someone already has a basic set-up in place, how could they elevate it?

MT: If you’ve been working out at home with the basics for a while, adding in a full rack and a barbell would be a great investment long-term. It would really lend itself to progressive overload, which just means adding a bit more weight, doing more reps, etc. That’s one of the most important, and easiest, ways to see consistent, long-term progress.

Another tool we really love is something called a trap bar, which is basically a hexagon-shaped bar that you stand inside and makes deadlifting super comfortable—especially if you have any low back issues.

NF: Are there any recent trends or approaches in home fitness that you love? If so, what are they and what do you like about them?

MT: One of the things we really like is that more and more people are using kettlebells at home! They are getting increasingly popular and offer so many benefits in terms of strength, power, mobility, conditioning and variety, and can be quite meditative once you get into a flow.

Another thing that really took off with the pandemic is online classes. These can be a great starting point for someone who is maybe not super confident stepping into the gym—although any good gym should, in our opinion, make you feel welcome and help build your confidence in the gym and in life! Again, at Rebel, we really just want people to get started. Any kind of movement is better than none at all!

NF: Is anything falling out of use when it comes to home gyms? i.e. Is there any equipment you wouldn’t recommend people spend money on?

MT: We would have to say treadmills or really big pieces of cardio equipment. We’re not saying people don’t use them but based on a lot of feedback from clients over the years, the treadmills end up being very expensive clothes racks. I really wouldn’t prioritize cardio equipment at home, although if you do, grab an assault bike! Much cheaper and it’s super challenging, low point of entry and no impact!

We aren’t saying cardio isn’t important; it is very important for overall health aerobically. It also helps you to recover from strength training and bouts of higher intensity training as well and be more resilient to the stresses of life. We’re just saying that there are probably better things to purchase, especially with the nicer weather. Get outside and get the benefits of sun, nature and fresh air!

NF: You and Erin both do personal training as well. What are the biggest benefits of working with a personal trainer?

MT: We help streamline the process with you. We do a fairly comprehensive intake form and assessment and really try to make the process individualized to the person in front of us. We take into account everything from stress, job, kids, lifestyle, training history, injuries, nutrition goals, sleep, likes and dislikes, and turn that into the best program for you.

We also try to take an inside out approach to health and work on streamlining the process. We use what works and discard what does not. We also encourage people to take a process-oriented approach, rather than an outcome-oriented approach. We really believe this is what leads to lasting change and kicking the fad diets/exercise trends. We will help you hone your technique right from the get-go and save you a lot of time and frustration down the road.

NF: Who are your clients?

MT: We try to be of service to anyone walking through our doors, but most of our clients tend to be busy professionals from about 30-70, looking to get the most bang for their buck with the time they have. That can be a complete beginner to an ex pro (or some current pro) athletes/competitors. We also work with a lot of people post-rehab looking to return to play and bridge the gap from post-op rehab to getting back to doing the things they love. We network with a lot of other healthcare providers in the city.

Ultimately our goal is to help leverage the benefits of health and fitness and bring that energy and focus to enrich other areas of their lives: both personal and professional.

NF: Do your clients work with you at the gym or do you visit them at their homes?

MT: Over the pandemic we would visit people at home more as everyone was feeling a little uneasy about being in crowded places, but now we typically have everyone come to the gym. It’s a time thing on our end, plus we have a lot more equipment here than at a home gym.

The other aspect we believe in strongly, and one of the pillars of health, is community and connection. We really try to foster this at our gym and try to introduce our clients to each other and have a bit of networking happening. We are launching some classes starting up in April as well to really build that sense of community. There is a bond that happens when you work hard and struggle with other people and come out the other side better for it. You build a connection from going through that together and having fun at the same time!

NF: Matt, thanks so much for your time and all of this great information.

MT: Thank you so much for the opportunity to share our passion for health and fitness, and potentially inspire even one person to take the first step on their journey, be it at home or in the gym. If anyone has any questions, please feel free to reach out to Erin or myself; we would love to help.

We run a kettlebell club on Saturdays and all proceeds go to a local charity, so if anyone has any suggestions, we are all ears! We truly believe in a service-over-sales model and are always looking for ways to get more involved in our local community, so don’t hesitate to reach out!

Connect with Matt and his team at Rebel Performance online.

Reach out to REALTOR® Nick FitzGibbon for help finding your next home.