Is Your Home Your Most Valuable Asset?
Wednesday Sep 13th, 2023
Can you imagine a financial advisor getting you into an investment — say, a mutual fund — and telling you not to ask about it, or even check on its performance, for the next five years? You would likely balk at such a suggestion and insist that you’d be able to review your investment at least once a year, or even more frequently.
Now, we’re not financial advisors, we’re real estate agents. Yet, the same principles apply when owning a home. You don’t want to have five years go by — or even one year — without checking in on your “investment” and seeing how it’s doing for you.
Indeed, it’s important to regularly ask questions like:
- “Is our home still meeting our needs?”
- “What is the current market value of our property?”
- “Does our property and neighbourhood still fit well with the lifestyle we want?”
- “What kind of new home do we qualify for?”
Getting answers to those questions is crucial to managing what may be your most valuable investment: your home.
How often should you do this? We recommend a review once a year.
And, the good news is, you don’t need to go through this process on your own. We can help. When it’s time to review your property investment, give us a call. We can give you the answers and advice you need using the latest market data and information.