Resale or New Build Property?

Do you want to look at purchasing a resale property in an older city that appears on trend for an up and coming revival? Gentrification doesn’t have to be a dirty word, especially if you are in on the ground floor and stand to make a substantial profit.

Or, do you want to look at new build properties for development in northern communities that are rumoured to become the hottest new retirement town? Baby boomers are looking to spend their golden years in serene settings, and developments like this are fast becoming popular with this older generation. A new build means being able to tailor the layout design to the specific needs of those now seeking to leave city life behind and live their golden years in comfort among their peers.

Your Professional Team

If you are opting for a resale property, look for contractors and renovation specialists that have a proven work history of creating premium work, within budget and on time.

For new build investments, find a builder that has a solid reputation for delivering quality construction, with at least a decade of experience that can be physically visited.

For either choice, real estate agents are essential throughout the entire pre-planning, planning and execution of flipping houses in Ontario. Look for a Realtor that is willing to look over your investment budget and strategy, and will show you properties or new build projects to keep you on track.

For new builds your agent should be willing to meet with the developments sales team to help you make the safest choices.

For resale properties, your agent should be able to suggest renovations that will help you achieve your estimated sale price for each area. Remember, in the preplanning and planning stages you’ll be developing a solid working relationship with your real estate agent or real estate team and by the time you get to the buying and selling portion of your investment project you’ll be able to trust that you have someone on your side, advocating for your best interests.

Another important member of your professional team is your mortgage specialist. Getting the best rates are especially important for real estate flips because there is always the possibility that the house may not sell in your envisioned timeline, meaning you’ll need to carry the mortgage for a month or three before being able to sell.

Saving Money With the Right Team

When you’re ready to start putting your professional team together, it is recommended to look online for ways to earn discounts and savings. One innovative site has made it possible to earn cashback rewards when buying or selling real estate or arranging mortgages.

The company, Shop2Save, which is not a real estate team or mortgage brokerage, instead services their members with two of the most trusted names in Canada; Remax and Dominion Lending.

The no-strings-attached cashback rewards will help you to save money when flipping houses in Ontario.

Visit Shop2Save today to see how they will also become a valuable member to your professional investment team.