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How to Emphasize the Remote Working Potential of your Listing

By all accounts, remote working is here to stay. In fact, according to a survey by McKinsey & Co (a research institute), 58% of workers say they can work at home at least part of the time. So, highlighting the remote working potential of your listing can be a major selling point.

One thing you can do is stage your home by creating a home office space of some kind. It doesn’t have to take up an entire room. It could simply be a nook with a desk and chair. Just be sure the space looks comfortable and functional. If possible, add shelves. And make sure the lighting is adequate for working.

A buyer will see the space and imagine themselves spending hours working there. So, the more pleasant and attractive you make the area, the better. Consider adding a couple of plants and other attractive decor.

If you have an existing home office, declutter it as much as possible and remove personal items. The desk should be clear of papers, files and other items. Also, take down any diplomas and certificates hanging on the wall. You want buyers to picture themselves working there, not you!

By highlighting the remote working potential of your home, you can make it more appealing to buyers looking for a functional and flexible space to work.

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Autumn Landscaping Tips when Selling your Home

Landscaping may not be the first thing that comes to mind when selling your home in autumn. However, the outside of your home is still the first thing buyers see, so it’s worth exploring ways to update your landscaping to create a cozy and welcoming feel.

Here are just a few ideas:

1. Add potted plants: Potted plants are an easy way to make your outdoors more attractive, especially along walkways and around your front door. And, because they’re potted, they can quickly be removed should the weather turn inclement.

2. Keep it Tidy: As leaves begin to fall, make sure to rake them up and keep your lawn and landscaping looking neat and tidy. This will help potential buyers see the full potential of your outdoor space without being distracted by clutter.

3. Light it Up: As the days get shorter, outdoor lighting can be a great way to showcase your home's exterior. Consider adding some string lights to your patio or walkway or installing some spotlights to highlight your landscaping.

4. Emphasize Outdoor Living: There is a growing trend for enjoying outdoor living well into the fall. So, emphasize your outdoor living spaces by adding comfortable seating or updating your patio furniture to make it suitable for cooler days and evenings.

5. Add Seasonal Accents: Adding some seasonal accents to your landscaping can help create a cohesive look. Consider adding some pumpkins or gourds to your front porch or incorporating some autumn themed decor into your outdoor spaces.

By following these autumn landscaping tips, you can help make your home more attractive to potential buyers. So, embrace the changing seasons and use your landscaping to create a warm and inviting atmosphere that buyers will love.

Want more tips on how to make your home more attractive to buyers?

Call today.

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How to Make Storage Space Look More Spacious and Functional

Buyers will notice closets, storage rooms, and other storage spaces. So, it pays to make those areas look as spacious and functional as possible.

Here are some tips on how to maximize your storage spaces and make them more appealing to buyers:

1. Declutter and organize: A cluttered and disorganized storage space can give the impression that there isn't enough room. Start by decluttering and getting rid of items you no longer need. Then, organize what's left by using shelving, baskets, or containers to keep everything in its place.

2. Paint or replace shelves: If your shelves are looking worn or outdated, consider painting or replacing them. Adding a fresh coat of paint can give the space a clean and updated look. Replace old, sagging shelves with sturdy and adjustable ones to make the space look more functional.

3. Maximize vertical space: Don't overlook the space above your head. Use the full height of your closets by installing additional high shelves or hanging organizers from the ceiling. This will free up space on the floor and make the area feel more spacious.

4. Add lighting: A well-lit storage space not only looks more inviting but also helps you find what you need. Consider adding lighting fixtures or even battery-operated LED lights to your closets and basement storage rooms.

5. Create a designated storage area: If you have items that you don't use regularly, create a designated storage area in your basement or garage. This will keep them out of sight and make your living space feel less cluttered.

By implementing these tips, you can make your storage spaces look more spacious and functional, which can ultimately help you sell your home more quickly and at a higher price.

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While value of homes in Victoria remains stable, the cost to own continues to rise

October 3, 2023

A total of 493 properties sold in the Victoria Real Estate Board region this September, 20.2 per cent more than the 410 properties sold in September 2022 and a 9.4 per cent decrease from August 2023. Sales of condominiums were up 23 per cent from September 2022 with 155 units sold. Sales of single family homes increased 3.2 per cent from September 2022 with 228 sold.

"What we saw in our market last month was a continuation of the seasonal market trend we expect in a typical year as we move into fall," said Victoria Real Estate Board Chair Graden Sol. "We have seen a slight return to a more balanced market in recent weeks. Our inventory right now features almost a thousand more listings for sale than we saw than at the start of this year."

There were 2,699 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2023, an increase of 8.4 per cent compared to the previous month of August and a 17.3 per cent increase from the 2,300 active listings for sale at the end of September 2022.

"That increase in inventory means there are more properties for prospective buyers," Sol notes. "More inventory also means buyers may have more time to shop, though in many of our local markets a well-priced property will sell rapidly, and we're still seeing some multiple offer situations. The challenge of the day is that there are many buyers who hope to find homes in the missing middle - families who seek two- or three-bedroom homes at attainable price points - who are challenged by our current interest rate environment. Though housing prices have remained reasonably stable this year, the cost of carrying a mortgage has increased tremendously. This means that many first-time buyers and families are unable to purchase homes in our current market. With so many variables at play in each of the micro markets within Greater Victoria, it's a good time to meet with your Realtor to discuss strategy if you are considering a move."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2022 was $1,299,500. The benchmark value for the same home in September 2023 increased by 1 per cent to $1,312,200, which is down from August's value of $1,323,900. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2022 was $581,500, while the benchmark value for the same condominium in September 2023 increased by 1.4 per cent to $589,600, which is up from the August value of $582,000.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.