Words matter. These are the best Scott McGillivray Quotes, and they’re great for sharing with your friends.
Buying a house that needs work can be one of the best ways to stretch your budget. Why pay for someone else’s upgrade?
The kitchen is the most valuable room in the home, so a smart kitchen reno will bring great return on investment.
Whatever you put in your listing, make sure that it’s a true representation of the property and it’s not dishonest.
And personally, one of the secrets I guess you can say with success on HGTV, for not only myself and a lot of other individuals who have shows, is that we truly do love what we do. We’re passionate about real estate. We love design. We love seeing transformations. We love working with our hands.
You have to care about the transactional cost. You have to care about the future value. You have to care about maintaining value in your home through repair and maintenance.
If it is a rental property, we’ll typically keep it fairly neutral. If it’s a vacation property, we have a lot more fun and do things a little more edgy and exciting. When we’re flipping, we obviously want to make smart decisions and do things that produce great returns.
I fell in love with real estate, renovations, and became a licensed contractor when I was 26.
I can confidently say that I have a great relationship with my siblings, though I know not everybody does. I would hope that my children have a very similar relationship with each other.
A lot of times people get caught up in bidding wars, and will go way over what their price needs to be because they love the house so much.
So if the wall’s cracked or you’ve got leaky faucets, or you’ve got mold issues, or some sort of damage to your home, selling a home that’s got that kind of distress to it is the biggest mistake you will make, because immediately people who are fearful will walk away.
I love a big steak or seafood dinner, but the next day I’m running outside for miles. While of course listening to music. I have to have the music on.
In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. That allowed me to live there for free – because that’s all I could afford.
Trial and error does not work in real estate. It’s way too expensive to learn from your own mistakes, you need to learn from others’ mistakes.
I’m in a BMW rut. My last three cars have been BMW 3-Series.
I try to work on houses not cars. If I was as good at working on cars as I was on houses maybe I would. But I’m not.
If you’re struggling to get on the same page as your partner and you’re not able to agree when it comes to renovations, my suggestion would be to consider hiring a designer. The introduction of a third party moderator with expertise can help break the tie and offer a voice of reason.
I think the speed limit should be increased by 20 km/h on every single road – that would save me so much money.
I didn’t come from a real estate background originally. I was going to school for business and was struggling to find a place to live because there weren’t enough rental properties available to students.
One of the biggest challenges is that once somebody realizes that they’re ready to buy a home, then they realize that they haven’t prepared properly, and it takes a while.
Before purchasing a fixer-upper property, make sure to look at the numbers. It is easy to become emotionally attached to a house, and buyers can lose sight of the true costs of the renovation work.
No means maybe in real estate.
I think that every homeowner has a fascination with real estate. You can’t deny that it’s such a huge player in our finances. It’s probably the most expensive thing you’ll ever purchase, so you’re forced to pay attention.
It isn’t always easy to stay within budget when committing to a renovation, but one place you can cut costs is on the demolition.
I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
People automatically associate the caliber of the space based on the appliances.
