Home Buyer’s Guide
The Ultimate Buyers Guide for Investors
you’ll need to do
Most Ottawa builders give their new home buyers some kind of new home care guide either as a booklet or through online resources. Take the time to read it and follow the maintenance tips that are recommended. Your new home will feature new technology and many systems that are important to understand and know how to operate.
Homes today are built to minimize maintenance, but no home is truly maintenance-free. The best way to avoid expensive repairs is by working with your tenant to follow a recommended routine maintenance schedule.
When you take possession
Unless your home is one of the last in a community to be built, there will likely be ongoing construction that may cause some temporary disruption, dust and traffic. Your tenants may also need to be alerted to the fact that sod and tree planting may have not yet taken place, as well as paving your driveway or adding the top layer of asphalt to roads.
Tip: For the first year, hold off on landscaping or adding fences. This is to let the ground settle and to make sure the builder has access to repair grading, etc.
Start investing in real estate
Buying a new investment home is an exciting and challenging journey. It requires planning, careful assessment of options, and working with others who understand the purchase process well to provide support and advice. Approach the process one step at a time and you’ll wind up with a home that will meet your investment goals and ensure happy tenants. Good luck with the journey!
The information contained herein is for information purposes only. The information has been drawn from sources believed to be reliable. Graphs and charts are used for illustrative purposes only, and links to other websites are for convenience only. Information provided by Minto Communities Inc. and other sources is believed to be accurate and reliable at the time of publishing, but we cannot guarantee it is accurate, complete or current at all times. Information in this guide is for informational purposes only and is not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard.
Minto Communities Inc. is not responsible in any manner for direct, indirect, special or consequential damages, however caused, arising out of your use of this information. No endorsement of any third party products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this guide. E & OE Apr 2021.