Three tips for your first investment

Three tips for your first investment

Ottawa is a great place for real estate investors. You can find top-quality investment properties at great prices, and the market has been improving steadily for years. The Ottawa real estate market is also one of the most diverse in the country, with properties ranging from large apartment buildings to single-family homes, from older buildings to new construction. Ottawa has seen an influx of foreign investment in residential real estate, with many developers and investors targeting the capital as a market to expand their operations in. With a combination of affordable housing and accessible transportation, Ottawa makes it easy for investors to find high-quality real estate at a low cost. Our mild winters, low crime rate, and educated population make Ottawa a desirable place to call home. This has attracted a lot of attention from developers and investors, who have turned Ottawa into a hot market for real estate investment. There are a lot of opportunities for investors in Ottawa, with the city offering a wide range of real estate options and a low cost of living. When investing in the Ottawa real estate market, you can expect to get the highest quality service and attention from your REALTOR®.

3 tips first-time investors can't afford to ignore:

1. Do your homework. As lucrative as landlording can be, it can devastate and consume if you sink funds in the wrong property.

2. Choose a prime location. Location to schools, tourist attractions, restaurants, shopping, and green spaces should be thought through. Enlist an agent's help to identify hot postal codes and neighborhoods.

3. Know the law. Sure, you’re about to rake in some cash, but you’ll also rake in some headaches if you don’t know your legal responsibilities as a landlord. Study our provinces laws and consult with a real estate lawyer to ensure you understand.

Want to be a landlord? Let’s chat — I’d love to share what I’ve learned working with first-time investors over the years.


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