Although a military relocation can feel overwhelming, beginning a new chapter in your life also comes with plenty of excitement and opportunities. For service members and their families, Belleville and Trenton have plenty to offer both inside and outside of your home.  

As local residents and experts, here’s everything you should know about these two communities ahead of your military relocation. 

Welcome to the Bay of Quinte 

Belleville and Trenton are both a part of the lakeside area known as the Bay of Quinte Region. With its unique cultural atmosphere and natural scenic beauty, we believe there’s no better place to call home than the Bay of Quinte. Located just two hours from the bustling centre of Toronto, the Bay of Quinte is safe, quiet and well-connected. 

Whether you’re looking to enjoy the great outdoors or embrace the benefits of urban living, the area truly offers something for everyone. 

Our community means a lot to us. Learn about some of the local initiatives we support here. 

Belleville Highlights

For those who enjoy a city lifestyle but also want a close community atmosphere, Belleville offers the best of both worlds. Belleville is a small, charming lakeside city home to about 50,000 residents. What makes Bellville unique compared to other municipalities its size are the big city amenities. 

Downtown Belleville is the cultural hub of the Bay of Quinte Region. If you’re a fan of cozy coffee shops, trendy boutiques and great nightlife, you’ll love this neighbourhood. Downtown is home to Belleville’s renowned Empire Square and Theatre, where you can catch some of the biggest names in entertainment live. In addition to nightlife, it’s also a great place to support small businesses. If you’re looking for some of the best produce in the province, the local farmer’s market is a must-visit.

Belleville also serves as the region’s transit hub. Residents can connect with ease to major cities throughout Ontario and Quebec by rail or bus. Air travellers can connect to Toronto Pearson International with a direct shuttle bus service. 

Want to learn more about Belleville and surrounding communities? Explore our Community Guides. 

Trenton Highlights 

Located along Lake Ontario’s Waterfront Trail, Trenton is overflowing with natural beauty and scenic activities. Although the town has only about half of the population of Belleville, the neighbouring city is just a short 20-minute drive away for urban amenity seekers. 

If you or your family love spending time in the great outdoors, you’ll love Trenton. The town and surrounding communities feature conservation areas, campgrounds, hockey and curling rinks, hiking trails and bike paths. In the summer months, you’ll find great beaches, swimming and boating in the bay. Trenton is also known worldwide for its sport fishing scene, with annual competitions that attract competitors and spectators from across North America. 

Trenton is also home to some great cultural amenities. Along Dundas Street, you’ll find a handful of fantastic restaurants, cafes and shops. 

Want to learn more about life in the Bay of Quinte Region? Check out these resources from our blog. 

• Working From Home in the Bay of Quinte With Style
• Our Favourite Belleville Restaurants For Date Night

Local Support 

The Bay of Quinte Region has a long and incredible history with military operations in Canada. For generations, military families have called the area home and built a well-connected and supportive network for members of the community. Both Belleville and Trenton are home to Military Family Resource Centre (MFRC) branches. MFRCs offer a variety of programs for military family members, including on-site daycare and mental wellness services.   

Our team is proud to live and work in the Bay of Quinte region. As local experts, we can offer recommendations and support to meet your unique needs. Have a question? Get in touch. 

House Hunting

No two homes are alike. When it comes to settling in a new community, choosing the best home for you and your family is super important. Unfortunately, with the hot seller’s market, finding your dream home in Ontario isn’t as easy as it used to be. When it comes time to move, the Canadian Forces will likely provide a real estate agent for you, however, there are other options. That’s where we can help! 

You should never have to settle when looking for your dream home. As local experts, we’ve helped countless military families settle in the Bay of Quinte Region. We understand the rigid timelines and factors that make military relocation unique and can ensure you find the best home possible based on your specific needs. 

Want to learn more about finding a new home following a military assignment? Check out these resources on our blog. 

• Do I Need a Local Agent When Relocating to CFB Trenton?
• What to Look For When Hiring a Realtor For Your Military Relocation
• Home Buying Calculator

Looking for more information about relocating to Belleville or Trenton? We can help. Contact us. 

This past weekend we spent Thursday-Sunday at the Quinte Home & Lifestyle show 2022 at the Quinte Sports & Wellness Centre in Belleville. This was the first home show in over two years and it was a huge success. We saw what seemed like thousands of people and got to chat with new folks and catch up with people we haven’t had the chance to see in person in years.

For the Home show this year we wanted to showcase some of the fantastic homes we’ve had the opportunity to sell, and also to show off some of our best staging projects of last year.

We also enlisted the help of Cookie Maker extraordinaire, Selena Little (@a.little.sugared) to make 2000 adorable house shaped cookies to hand out to the visitors…and the crowd went WILD for them. If you were able to stop in its not likely that you walked away without one in your hand.

How could we have a home show booth be without a fantastic prize to win? We COULDN’T! So we decided to put together a giveaway of a 4 piece outdoor lounge set, 10’ umbrella, and bright red and white outdoor carpet. Which brings us to the most important piece of this post…. THE DRAW!

CONGRATULATIONS to our Winner NORMA SANDOVAL! We will be in touch with you to arrange pickup of the great outdoor entertaining package.

Huge thank you goes out to Ruth Estwick and the Quinte Home Builders Association for putting on such a great Home show this year. We can’t wait until next year!

Two years ago, in light of the COVID-19 pandemic, many Canadians were suddenly required to work remotely from their home. This was a big adjustment for employees and businesses alike. But after some time, working from home felt like the new normal. Now, as some offices reopen, many businesses and employees are choosing to embrace the work-from-home lifestyle long term. 

There’s no better place to call home than the Bay of Quinte region and if you’ll be spending more time at home in the future, we can help you make the most of it.

Here are a few tips for working from home in the Bay of Quinte region with style. 

Want to learn more about the Bay of Quinte region? Explore our Community Guides. 

It Starts With a Great Home

Whether you’re actively planning or simply considering a move to the Bay of Quinte region, your work from home plans should factor in your home buying decision. It can be helpful to know what makes a great home workspace before you begin your home buying journey. If you’ve already found a new home or have been settled for a while, these tips can help you optimize your space. 

The best place to start is by finding the perfect area in your home to work. Ideally, somewhere that has great natural light, strong internet and minimal distractions. If you have other family members at home during the day, such as young children, you may want to find a spot that allows for supervision while you work. 

A great agent can help you plan for your home office buying the buying process and offer additional advice based on your unique needs.

Interested in building a custom home? Check out these resources on our blog. 

• Should You Use a Realtor When Buying a Pre-Construction Home?
• Is a Custom Home Right For You?
• Home Buying Calculator

Curate Your Space

Once you’ve found the best place for your workspace, it’s time to make it your own. This is your chance to get creative and ensure the space is the best it can be. This includes personal touches for comfort, but also ensuring you’ll be productive and undistracted. 

As a first step, make sure your space has great lighting. This will make you more comfortable and reduce eyestrain in the long run. If you plan on using a traditional desk, a good chair with ergonomic support is important for supporting your back. Finally, decorate the space to make it feel like your own. Houseplants and family photos are some of the most common decorations we see, but feel free to get creative and personalize the space.

Find Your Community Spot

Working remotely doesn’t always mean being stuck at home. Finding a reliable place in your community where you can get some work done is a great way to keep things from feeling stale. 

Downtown Belleville is home to plenty of trendy cafes that make for a great place to be productive outside of your home. Of course, working from a cafe isn’t exclusive for Belleville locals, there are plenty of vibrant community hubs located across the Bay of Quinte region. Explore the Best of the Bay community awards and find your next favourite local hangout. 

Our community means a lot to us. Learn about some of the local initiatives we support and believe in here. 

Stay Inspired 

Whether you plan on working from home permanently or simply more often, being disconnected at the end of the day is just as important as staying connected during the day. For some, working from home can feel like never leaving the office. Enjoying a healthy work-life balance plays a critical role in both your personal wellbeing and productivity. 

Luckily, there’s no better place to disconnect and recharge than the Bay Of Quinte region. A healthy work-life balance could be as simple as taking short daily walks or discovering and immersing yourself in a new passion, such as sailing. The region’s diverse landscape and range of activities can make weekends feel like a full-on staycation. Horseback riding, canoeing, and shopping in downtown Belleville are just some of the local favourites. 

If you want to really disconnect, overnight cabin rentals in Presqu’ile Provincial Park make for a fun and unique getaway with no camping experience needed! The Bay of Quinte Discovery Guide is a great resource for finding new ways to stay inspired. 

Our team is proud to live and work in the Bay of Quinte region and we hope you love it just as much as we do! As local experts, we can help you find or build your perfect home in our community. When you’re ready to begin your home buying journey, get in touch.

What You Need to Know About Combining Family Homes

When it comes to getting ahead in the fast-paced world of real estate, there are few better ways to do it than by combining families in a single home. With more people to pay the mortgage and the bills, everyone can breathe a little sigh of financial relief. The benefits don’t stop with the cost savings, either. When two households buy into one larger property, both stand to gain a healthy profit from the sale of their current homes and an increase in equity. Having extended family around can be convenient and alleviate feelings of loneliness and isolation. Young families love having extra hands to help with errands or watch the little ones. And for the elderly, having their children around can be a source of comfort and safety. 

However, before you decide to sell your house to merge with another family, there are a few things you need to consider.

Are Your Households Compatible?

Getting along with your extended family on weekends or during family gatherings isn’t enough to go on to decide to move in together. You may share common interests and values, but living under one roof is a whole different experience. Before putting your house on the market, it’s a good idea to sit down and discuss what a day might look like in the life of a combined family. Every household has its quirks, and knowing them in advance will help you make the right decisions. Rambunctious children or pets might be fun during a visit but can quickly become unbearable if you live in the lower suite of your new house. A heart-to-heart discussion now can prevent a lot of heartaches later if you find that your two households are not compatible.

Make a Plan

Are you planning to move into a unit or bedroom inside a family member’s current home? Or do both homeowners intend to sell and buy a new place to accommodate everyone? If you’re hoping to buy a new home, you need a plan. It is a strong seller’s market all across Canada, and houses get snapped up quickly. You will need every advantage you can get to compete when you find a listing that is right for you. 

Start by deciding on the ideal house for your combined household. Keep in mind that the fewer conditions you have, the more likely you are to succeed in buying a home. If you’re a single adult moving in with a family, a house with an extra bedroom or den might work perfectly. 

However, if you each want your own space, you’ll need something larger, perhaps with a basement apartment or even a duplex. 

If there is room in your budget, you could even build a separate garden suite on the same lot. This option provides more privacy and can help reduce the noise complaints if you find out your granddaughter practices the violin for two hours every day after school.

Prepare Your Home Now

It’s never too early to start decluttering and cleaning your house to get it ready to list. You may be surprised at how much stuff you’ve accumulated over the years that you no longer use or need. If you start sorting through it now, you won’t have to panic or rush when it comes time to move. Being organized now also allows you more time to make the upgrades and repairs that will add to the sale value of your home.

Book a Home Evaluation

Before you decide to pool your resources and buy a large, luxurious home, it’s smart to do some research ahead of time to see what you will be able to afford. I suggest starting with a home evaluation on each property. While you don’t know exactly how much you will get until your house sells, an appraisal will give you an excellent idea so you can create your budget. 

Did you know that the Parks Group offers free home evaluations? You can book yours here.

Get a Pre-Approval

Getting pre-approved for a mortgage may be the most critical action you can take to ensure your success in buying an ideal home. Your pre-approval, combined with your estimated earnings from selling your current property, lets you know what price bracket to focus your search in. It also helps you compete with other buyers when you find a house you like. When you already know you can get financing, you’re in a position to place an unconditional offer that a seller is likely to accept.

Leave Room for Renovations

In a perfect world, you could find a turnkey solution that is move-in ready with minimal work. However, in a competitive seller’s market like this one, you may be better off buying a house and renovating it to suit your needs. You may require significant renovations, such as noise-proofing between the two units or adding another bathroom. In any case, everyone has their own tastes and preferences, which means there will be minor upgrades at least. Leaving room in your budget for renovations will ensure both households are happier in the long term.

Work with a Local Real Estate Agent

It is a lot of work to sell one house, never mind two. A local real estate expert can handle nearly everything, from showing the home, negotiating the sale, and navigating the legal contracts. They’ll also have a network of trusted contractors, which means they can help with the home preparations that result in a higher sale price. The more you maximize the sale of both properties now, the more you have to bargain with when finding your dream home to merge into.

Succeeding in today’s real estate market requires creative solutions. Here are some other ideas you can consider:

• Should You Build a Custom Home?
• Everything You Need to Know About Equity Building Renovations
  

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Thinking of selling your home to merge with another household? We are here to help and answer any questions you may have.

With few listings for homebuyers to choose from, some people are breaking from the pack and trying a different route.

Building a custom home can seem like the perfect way to get around the housing shortage.

First, you find some vacant lot, then build the home of your dreams. However, as with most things in life, it’s never that simple.

In Canada, there isn’t just a shortage of houses to buy. Vacant land is also at a premium. Even when you find a suitable lot, you have a mountain of red tape and bureaucracy to navigate to get the permits that allow you to build.

Once you’ve secured the lot and the permits, it could take up to two years to complete your home.

However, if you have the time and the process doesn’t faze you, there are many benefits to building a custom home.

The Beauty of Custom Builds

First of all, you get your choice of everything. You can work with your architect to customize everything exactly as you want it. You decide the style of your new home, how big it will be, how many bedrooms it will have, and what kind of windows you want. 

Another benefit of a custom build people rarely think about is how much healthier it can be. Your new home is virtually guaranteed to be free of every trace of asbestos, lead or mould.

How much will it cost to build a custom home? 

Typically, building a custom home costs more than buying a resale or pre-construction. You’ve got to factor in the cost of purchasing the land, getting the permits, hiring a builder and the cost of raw materials.

As with all major projects, you should expect additional hidden costs. 

• Every time you ask for a change, no matter how minor, the price will increase. Each change can also push back your completion date, also resulting in higher costs due to increased labour. 
• Depending on the area, you may need additional environmental permits to protect wildlife habitats.
• Inflation costs. As the prices of raw materials go up, so can the price of your house.
• Site costs. If the building is delayed for any reason, you may be required to pay extra for site fees and security fencing.
• If your build takes longer than expected, you may need a short-term rental until you move in.

And of course, don’t forget about the finishing touches that make your house a “home.”

You’ll need furniture and fixtures that the builder doesn’t provide. You’ll want some landscaping to improve the outside appearance of the home.

Tips to Ensure your Custom Build Goes According to Plan 

For a project as significant as building a home, expecting everything to be perfect isn’t realistic. However, you can avoid major disruptions and delays by doing your due diligence before you start. 

Research your builder and designer carefully

A quick Internet search can tell you much about a builder’s reputation and experience. But dig deeper. Email the company with any questions you have. If they respond promptly and professionally, call for an in-person appointment to learn more about their service. 

Pad your budget and your timeframe 

Before signing anything, you’ll want to be sure of your financing. It’s always wise to get a pre-approval from your bank before going too far with your design plans.

If selling your house is essential to help pay for your custom build, you’ll want to know how much you’re likely to get. We do offer free home evaluations here.

Read the fine print 

Some builders work directly with an architect, meaning the design cost is included. Others use third parties, and you may be expected to pay extra. Before signing your contract, make sure you know everything that’s included in the builder’s quote.

Prepare for the unexpected 

Even with diligent planning, setbacks can happen. Labour shortages, raw material delays and unprecedented rainfall can sabotage even the best builder’s efforts to complete your home on schedule and within budget. It’s important to be prepared for every situation and have a backup plan if your move-in date gets delayed.

Building a Custom Home Vs
Buying Pre-Construction

If you decide that the cost and involvement of building a custom home is too steep, there is another option. There are many new developments in the works in the Quinte West area. If you buy now, you can secure a beautiful new build for much less than the cost of a custom home. 

Of course, buying a pre-construction may have some drawbacks.

Here are some critical facts to remember when deciding between a pre-construction and a custom home.

• The structure of a pre-construction unit is more rigid, with less room for customization. This can result in a “cookie-cutter” design that is unappealing to some buyers.
• What you see in a model home is not necessarily what you get. Every single upgrade costs more and can start to strain your budget.
• Homebuyers often forget that HST applies to new-builds, and you will have to factor this cost into your budget.
• Because of the land shortage in and near the city, you may not get the area you want.

Now that you know the downfalls of buying pre-construction, let’s look at what makes them a great option for many homebuyers.

• You’ll enjoy the same modern appeal as a custom build at a much lower cost. 
• The prices are set. You’ll have no bidding wars to worry about and no red tape or permits to navigate. The developer has already handled everything for you.
• Your heating and cooling bills will be lower because a new build uses the latest technology and superior insulation.
• Brand new homes are stylish and spacious, with a high resale value.

Should You Use A Realtor®?

With pre-construction or custom build, you can work directly with a builder. However, be aware that the builder is always looking out for their interest, not yours. A Realtor® with experience in construction will work to protect your interests. They will make sure you understand all of the contracts and make sure you know what is happening throughout the process. 

Don’t Forget to Plan your Celebration!

With all the stress and planning that goes into building and moving into your new home, it can be easy to overlook the positive. Just imagine how thrilling it will be to turn the keys into your house for the first time! Your home is brand new to you, and moving day is a great reason to celebrate this incredible milestone!

Do you want to know more about building a home or buying pre-construction? John-Ross Parks of The Parks Group is the former president of the Quinte Home Builder’s Association and will be happy to hop on a call to answer your questions.

At first glance, buying a newly constructed home might seem more straightforward than a resale. For starters, there are fewer maintenance issues to worry about. All new construction must offer a warranty, whether or not the builder is a member of the Ontario Home Builders Association. Since everything in the home is brand new and under warranty, you won’t have to get a home inspection.

It’s easy to walk into a model home just to take a quick look. What can it hurt? 

All builders will have agents available to answer your questions, but those agents represent the builder, not you.

Your real estate agent will advocate for your interests.

It’s important to remember that as a buyer, it costs you nothing to get help from a licensed Realtor®. The seller pays all commissions, so there’s no reason to go it alone. 

Why do you need an agent to purchase a new construction home? Let’s take a closer look.

Understand the Contracts:

Real estate contracts are binding and can be complex. You never want to sign on the dotted line without a knowledgeable professional to guide you. This representation is especially important if you have never purchased a new home or condo before, and can save you many heartaches along the way. 

Know Your Spec Sheets:

Spec sheets are complex documents that provide precise instructions for the builder. They lay out the foundation, plumbing, and floor plan plans. Builder spec sheets are indecipherable to most people, but understanding them is critical. 

The last thing you want is to move into your dream home, then find out it’s not what you thought you agreed to. The spec sheets will reflect all upgrades that you negotiate with the builder. Understanding them gives you a glimpse of what your new home will look like. 

Working with a real estate agent who is well versed in new construction can help you avoid any unpleasant surprises. Before signing off, you should always review all spec sheets to ensure the builder meets your standards. 

Now that you know the importance of representation, let’s look at some exciting new developments in the Bay of Quinte.

This area is expanding rapidly, drawing new residents from all over Southern Ontario. We have everything from military relocations to CFB Trenton to young families seeking a larger home with a backyard. As a result, construction companies are building like crazy.

Here are just a few up and coming areas to look at:

Potters Creek

Whether you’re looking for a small bungalow, mid-sized townhouse or a detached single-family home, Potters Creek has it. You’ll be close to many amenities, including Loyalist College, Quinte Conservation Area and Fwicks’ Park.

Settlers Ridge

Settlers Ridge offers vast lots with large, luxury new executive homes. If you want to be close to convenient shopping areas but still enjoy nature, Settlers Ridge deserves your consideration. You’re minutes away from shopping malls, restaurants and movie theatres. Hiking trails, Quinte Sports and Wellness Centre and HR Frink Outdoor Education Centre are also nearby.

Quinte West

Quinte West is a beautiful area close to outdoor recreation like golf, hiking, and the Quinte Botanical Gardens. New executive homes and townhouses are currently in development and available soon. If you love the idea of dinner on a patio while you enjoy the waterfront view, you’ll love this neighbourhood.

Prince Edward County

Don’t let the quiet nature of Prince Edward County fool you. You’ll never run out of fun, unique ways to spend your day. In the summer, you may confuse your new neighbourhood with a Tropical Paradise. Prince Edward county boasts some of the best beaches in Ontario, including the famous Sandbanks Provincial Park. You can also enjoy a visit to the wineries or take a guided tour through a lavender farm during your downtime. 

There are many new developments in the area, including high-rise condos, townhouses and detached homes. 

Are you ready to explore your options for new builds? Or do you just want some advice to get started?

At Parks Group, we are happy to answer any questions you may have.

As the Past President of The Quinte Home Builders Association and the Eastern Region Director for the Ontario Home Builders Association, John-Ross is up to date on the current processes and what’s going on in the New Construction world. On the team, Julie Carson is also a 30+ year New Home Specialist, and brings her wealth of experience to the table.

Buying and selling a home in Canada isn’t what it used to be. Any real estate transaction was always a challenge, but never before have the scales tipped so strongly in favour of sellers. 

Many buyers often compete over a single house recently listed on the market, and properties sell faster than ever, sometimes before they’re even listed. This ultra-competitive market makes it even more challenging for a member of the Canadian forces who has just received word of an upcoming relocation.

A military-approved Realtor® can help with every step of the process, whether you need to buy or sell.

Here’s what to look for when choosing an agent for your relocation:

Military-approved

Though the Canadian Forces will likely provide an approved agent for your relocation, you have other options. In many cases, a hand-selected agent is better because they are working on behalf of your interest. However, you should always use a Realtor® that is military approved.

Even an otherwise experienced agent may not have what it takes to handle the rigid demands and short time limits of a military relocation. When you’re already stressed and don’t have a moment to spare, you cannot afford for your agent to let you down.

Experience on Both Sides of the Transaction

Always look for an agent with plenty of experience with both buyers and sellers.

In the current fast-paced market, many agents want to only work with sellers. With few listings available, a house is almost guaranteed to sell. This imbalance makes the seller’s job easier than ever. 

However, a good Realtor® works and has experience on both sides of the market. They’ll take no shortcuts, no matter what side of the transaction they’re on. This experience provides valuable insight into the mindset and challenges of both buyer and seller. The result is a smoother transaction with much less chance of the deal falling through at the last minute.

A Realtor® with Local Experience

Whether you’re buying or selling, the expertise of a local agent is invaluable. A local agent has connections in the area and possibly even a list of ready buyers, meaning your house will sell quickly.

When buying, an agent will know the best neighbourhoods based on your family needs, with all the desired amenities and close to CFB Trenton. Plus, they’ll know the market inside and out as to what the average selling price is in each neighbourhood. Buying in the current market conditions is already challenging. You often have to buy a house without setting foot inside to see it.

However, this doesn’t mean that you should pay above-market prices or settle for a house that isn’t suitable, just because you need to move quickly.

How the Right Realtor® Helps Sellers

As a seller, the market is highly in your favour right now. You could list your house as-is without doing any repairs, and it will likely sell regardless. However, the right agent can help sell faster and for more money than you could on your own.

It only takes a few minor touches and repairs to increase the perceived value of your home significantly.

However, with the time crunch you’re in, you don’t have time to prepare and stage your house or do any of the upgrades that help raise its value. By selling as-is, you might get much less than the market value. Even in the current conditions, it’s imperative to prepare your house before putting it on the market.

A full-service Realtor® takes all of these preparations off your plate. 

They will have the house thoroughly cleaned and decluttered for you. 

You won’t have to spend any time deciding what upgrades are necessary. There is no need to bother with interviewing and vetting contractors. A military-approved Realtor® typically has a pool of trusted companies to handle all necessary upgrades. All of this costs you nothing upfront.

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Who are some of the best contractors in the Quinte West area? Here is our list of preferred suppliers.

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In the unlikely event that your house doesn’t sell, it’s the Realtor ® that is out of pocket, not you.

With a trusted agent, you also don’t have to worry about showing your home to prospective buyers. The agent handles everything, including all negotiations and paperwork associated with the sale.

How Military-Approved Local Realtor® Helps Buyers

With more buyers than sellers, this lack of inventory can mean tough competition. It can also mean being vigilant and constantly scouring for listings. The constant search is one more thing you don’t have time for as a military member. 

A local Realtor® can help because they will often have access to properties that aren’t listed on the MLS. And when you have to buy a house sight unseen, you want someone you can trust to make sure the property is sound before you place your offer.

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Relocating to CFB Trenton? Click here to discover more about the Quinte West/Belleville area and what to look for in an agent.

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If you need to buy or sell anywhere in Quinte West, our experienced, military-approved agents can help every step of the way. You can find out more about our team right here.

The fast-paced real estate market we’ve seen over the past year shows no sign of stopping. The price of houses is increasing all over the country. While some places are growing faster than others, we are definitely in an upward trend, which looks like it’s set to continue into 2022 and beyond.

For homeowners, this market may represent an unprecedented opportunity to use your equity to invest and build up your portfolio. 

While the term “real estate investor” usually conjures up images of a house flipper, there are many ways to use the value of your home to grow your wealth.

Here are a few ways for homeowners to invest in real estate:

House Flipping

We may as well start with the obvious: House flipping. This means buying a house, fixing it up and selling again as fast as possible. Though a few lucky people have made vast fortunes this way, house flipping is no longer as profitable as it used to be and can be risky.

If you plan to flip in 2022, there are a few things to be aware of. The Liberal Government is working to impose a steep anti-flipping tax on anyone who sells a house after owning it for less than 12 months. Any profits you make are 100% taxable.

In fact, the CRA is already cracking down on house-flippers who are trying to use the Principle Residence Exemption (PRE).

There is a lot more to real estate investing than flipping, however.

Invest in your Current Home

Your equity grows when the value of your home exceeds the amount you owe on it. For example, let’s say your home is worth $800,000, and you still owe $300,000. This means you have $500,000 in equity. 

The faster you build your equity, the wealthier you become, as you’ll see in a moment.

How to build equity:

A few well-chosen renovations can vastly increase the value of your home without spending a lot to do it. Kitchen remodels, bathroom upgrades, and thermal windows are often high-value improvements.

A good general rule is that every $2,000 you spend should create $10,000 in value.

What if you’re not selling? 

Even if you’re not planning on selling your home, you should still do whatever you can to increase its value. Why? Because the more equity you have, the more borrowing power you have.

If spending $2,000 increases the value of your home by $10,000, your equity grows by $8,000.

With this increase, you may consider buying a second property to grow your wealth in the long run. For many people, this is one of the best ways to use their equity. 

You gain immediate passive income through rent payments. 

As the value in the second house grows, so does your overall net worth. 

These funds can fund your retirement, education, or even allow you to buy another property. 

Real Estate Investing: The Practical Side:

Every successful real estate investor works hard to develop solid relationships with contractors. They will help you maintain your properties and ensure that they meet all safety requirements. Some of the contractors you’ll want access to are:

Carpenters: They will handle the framing, cabinet making and fine finishings of the home.

Plumbers: You may think you can fix a clogged drain yourself, but many Do-it-Yourself repairs cost more in the long run.

Roofers: Nothing damages the value of a home like a leaky roof or missing shingles. Having access to a roofing expert ensures your home stays leak-free.

Electricians: A qualified electrician is necessary to ensure the wiring is installed correctly and to code. Faulty wiring is a serious red flag to any home inspector.

Painter: A fresh coat of paint can instantly increase the value of your home, but the job is best left to a professional.

HVAC specialist: A proper HVAC system can save thousands of dollars on heating and air conditioning costs. A tenant who is warm and comfortable is more likely to keep renting.

Landscaper: When a prospective renter or buyer pulls up, you want to make a perfect impression fast. Too often, homeowners neglect their outside curb appeal, which can lower the property’s perceived value.

Now that you have a plan and a list of contacts, one obstacle remains.

How do you finance your investment?

Very few of us are lucky enough to have the money lying around to invest in a second property. This is where your equity in your home comes in. You may have heard the terms “refinancing” or “second mortgage.” Put simply, all it means is borrowing against the equity in your home. 

Many banks will offer a home equity loan of up to 80%, with your first home as collateral.

Types of financing available:

Second mortgage:
A second mortgage is a lump sum loan secured by your home. The advantages are a fixed-in rate that is typically much lower than other types of financing. The downside is that if something happens and you default on the loan, you could lose your home.

Home Equity Line of Credit:
This is a line of credit secured by the equity in your home. You can access these funds any time, so it’s perfect for emergency funding. The downside is that it allows for impulse spending and interest rates are subject to change. Your monthly payment amount will also change depending on how many funds you access.

Reverse mortgage:
If you are over 55, you may qualify for a reverse mortgage, which lets you borrow up to 55% of the equity in your home. This option is less risky because you’re not required to make regular payments. The loan is only due when you sell, move out, the last borrower dies, or if you violate the terms and conditions. The disadvantage is that the interest rate is higher than other equity loans.

Although no venture is risk-free, the real estate market still offers one of the safest ways to get a high return on investment. If you want to see what properties are available in the Bay of Quinte, check out our featured listings here.

Are you looking to do something special for your significant other on Valentine’s Day? The good news is that restaurants are finally opening to indoor diners, which means you still have time to plan. Restaurants are serving at lowered capacity due to Covid protocols, so make reservations in advance to avoid disappointment. Soon, you’ll discover that Belleville and the Bay of Quinte have some of the best romantic restaurants you’ve ever experienced. 

Here are just a few local hotspots you have to consider:

The Boathouse Seafood Restaurant

Nothing says romance like upscale seafood cuisine while looking out over the water at The Boathouse Seafood Restaurant. Sharables include seafood poutine, coconut shrimp, bacon-wrapped scallops and more. Just make sure to save room for your entree. Choose from fish tacos, lobster linguini or jambalaya. They even offer vegetarian options if seafood isn’t your first choice. One thing is for sure: You’ll want to come back in the spring when you can do it all over on the gorgeous patio.

The Lark

The lights are low and the mood is right at The Lark, where you and your date can enjoy a classic candlelight dinner. Set the night off right with a unique twist on a modern cocktail or The Lark’s famous natural wine options (available by the glass or by the bottle.) Antipasti, grass-fed steak tartare and brown butter gnocchi are just a few fine dining options. This five-star bar and restaurant is easy to get to, located beside the new Century Village building.

Linguine’s Italian Restaurant

Linguine’s Italian Restaurant has been a Belleville favourite for over twenty years, especially when it comes to celebrating romance! Start the night off by sipping Linguine’s popular house wine, or any beverage from their extensive cocktail selection. A special prix fixe menu will be available on Valentine’s Day, giving you the choice of appetizer, main course and dessert. Your options include creative culinary delights like Strawberry Chicken, Salmon Tournedos and Pasta Trio Verdura. Located right next door to The Country Inn and Suites Hotel, with plenty of parking available.

Royal Haveli

If you and your date crave a little spice, head on over to Royal Haveli, one of Belleville’s most underrated restaurants. Specializing in fine Indian cuisine, their hot platters and spectacular curries get rave reviews. Each dish is made to order, and their extensive menu means no one leaves hungry. Lamb, chicken, beef, shrimp and vegetarian plates are always available. Enjoy your meal as you sip your drink from an impressive collection of beer, wine, spirits, scotch or whisky. This spectacular Indian feast is easy to find. It’s just across from Quinte Mall on Front Street. Perhaps a little shopping after dinner is in order.

Chililango’s Mexican Restaurant

If you’re craving a different flavour of spice this Valentine’s Day, why not try Chililango’s? This Mexican eatery was founded by a brother and sister team born and raised in Mexico City, and the food is as authentic as you can get. Start with chips and salsa (where even the tortillas are homemade.) Then move on to tacos, enchiladas, or burritos. Top it off with wine (from a local winery, a Mexican Cerveza (beer) or classic margarita on the rocks. The riverside location of this little hotspot makes the setting even more romantic!

Dinkel’s and Paulo’s Restaurants

Imagine a leisurely, romantic dinner in a fancy courtyard that makes you feel like royalty. Did I mention the heated floors? The unique, charming atmosphere at Dinkel’s and Paulo’s Restaurants makes it a popular wedding destination. What could be more perfect for Valentine’s Day? It’s really two restaurants in one. What will you decide? A casual wood fire pizza with lively conversation? Or a fancy fine dining option like veal scaloppini, beef striploin or a classic chicken parmesan? In either case, you’re in for a night to remember.

Capers

We can’t talk about romantic restaurants and not mention Capers, Belleville’s ultimate fine dining experience. The dining room has just been renovated and combines exceptional service with a cozy atmosphere. Every item on the menu is handmade from scratch. Some of the creative and delicious meals include truffle fries, cheese and charcuterie, crab-stuffed mushrooms, pumpkin risotto, and a french onion chicken sandwich. This ultra-romantic oasis is on Front Street near the river. 

Want to know more about life in the Bay of Quinte? Have a look at some of our community guides here.

Relocating for a new military assignment requires a lot of planning. Precise attention to detail will go a long way to ensure your move goes smoothly. Chances are, you have access to a military agent to help with the process. The question is, should you use an agent local in the Quinte area?

The short answer is “Yes.” 

A local agent in Quinte West/Belleville with experience in military relocations will ensure all legal and financial paperwork is in order. 

Buying property in this market is already challenging. The short window of time a military member has to work with makes it even more so. Plus, you need a home that will sell quickly and at least at full value once your assignment comes to an end.

Here are three things to keep in mind when choosing a real estate agent for your CFB relocation:

The duration of your House Hunting Trip (HHT)

The average HHT lasts five days, with seven days as the maximum. This gives you very little time to research, negotiate, place your offer, and get it accepted. On top of your existing duties, it is almost impossible to squeeze it all in. A military-approved Realtor®can have most of it (if not all) done before you even arrive. 

The current market is very competitive, and you may have to place your offer virtually – with no conditions. If this happens, you need the expertise of a local agent on your side. 

Here are just a few tasks the right agent can take off your shoulders:

• Arranging the home inspection 
• Negotiating the best possible price
• Settling on a closing date (usually 60 – 90 days)
• Ensuring all documentation is correct.
• Completing all minor repairs before you move in.

When you’re in a time crunch, having someone else handle everything erases much of the stress from your move. 

If your agent is local, they can even arrange a virtual walkthrough through Skype or Google Meet. It’s almost like being there yourself, making sure the home fits your needs.

Financing a military relocation

Financing any new home purchase can be a challenge. The good news is that many lenders across Canada offer a defence special to military members. 

These benefits may include:

• A smaller down payment
• Lower interest rates 
• No penalties when reselling

The documentation requirements for a loan application can be stringent. Even a small data entry error can cause the bank to decline your loan. To a regular purchaser, this is an annoying setback. But it’s a nightmare for a military member with only five days to get things done. 

Nothing is worse than finding the perfect house on short notice only to have something fall. A military-approved agent can help you avoid any last-minute disasters.

Minimum Property Requirements

Even with the power of Internet research, there are things you’ll never know until you set foot in the home. Every listing looks beautiful on paper and in the photos, but can be very different in person. 

If you had the luxury of time on your side, you could work with the home inspector to ensure everything is safe and structurally sound. A military person on an HHT does not have that luxury. Broken windows, missing handrails, or exposed wires are significant safety risks. A local agent can spot these dealbreakers a mile away and save you a world of heartaches when it’s time to move. 

If you’re using a military agent, you’re in good hands in terms of safety and financing. They will advocate for your needs every step of the way. What they won’t be able to do is guide you to the perfect home in a desirable area. 

A military-approved local agent in Quinte West/Belleville can do it all:

A local agent will listen to you and help you find the amenities and the environment you want. Do you want to be close to the city, or would you prefer something more rural?

Here are three of Trenton’s best neighbourhoods for your relocation:

Trenton

If you want affordable housing near the best restaurants, the Trenton area is for you. You can find everything from fine dining, fast food, specialty cafes with outdoor patios and everything in between. In the summer, grab an ice cream cone at Bayshore Park as you watch the boats on the river. You’ll also be close to elementary and secondary schools, making it a great place for your family.

Batawa

If country living is more your speed, you’ll love the natural beauty of Batawa, especially if you love winter sports. Batawa is famous for its ski hill and outdoor skating rinks. And you’ll never be far away from the action. CFB Trenton and downtown are a short, 20-minute drive away.

Belleville –
Potters Creek

Located only ten minutes away from CFB Trenton, Potters Creek is home to many military families. Nature lovers will love exploring Quinte Conservation Area and Zwick’s Park nearby. Hiking, golfing, and cycling are just a few activities to enjoy in this peaceful, safe area. Plenty of schools nearby make Potters Creek an ideal neighbourhood for families. When you crave a night on the town, downtown Belleville is a quick six-minute drive away. 

Want to know more about living in Potters Creek? You can check out our community guide here.

Do you want to work with an approved military real estate agent who is also a Quinte local? Parks Group can help. Find out more and book a free consultation here.