Coach Homes Are The Future of Real Estate Investments

/in /by

At Visture Property Group we believe the next ten years will provide investors with a unique opportunity to invest in coach homes given the Ontario Governments recent Bill 23, or the More Homes Built Faster Act. Investors who already own property where a coach home could be added will be well advised to consider this investment.

You may never of heard of coach homes so here’s more info…

Coach homes, also known as carriage homes, are a popular housing trend that has been gaining momentum in recent years. These unique homes are becoming a popular choice for homeowners and investors alike due to their versatile and convenient design. In this blog post, we’ll take a closer look at coach homes and explore why they’re becoming such a popular choice.

What are Coach Homes?

A coach home is essentially a small, standalone residence that is built adjacent to a larger home. These homes are typically smaller in size, with an average square footage of around 500 to 800 square feet. They can be attached to the main home, located above a garage or even built as a separate structure on the same property.

Coach homes have been around for centuries, originally used as housing for horse-drawn carriages and their drivers. Today, coach homes are a modern take on this classic design, offering a unique and convenient living space for a variety of different lifestyles.

Why are Coach Homes So Popular?

One of the main reasons why coach homes are becoming increasingly popular is their versatility. They can be used as a rental property, a guest house, an office space, or even as a separate living area for older children or elderly parents. Coach homes are a great option for homeowners who want to maximize the use of their property and add value to their home without the need for a full-scale renovation.

Another reason why coach homes are becoming so popular is their cost-effectiveness. Compared to building a full-sized home, coach homes are a more affordable option. This makes them an attractive investment opportunity for real estate investors who are looking to generate passive income.

Coach homes also offer a range of benefits for homeowners who choose to live in them. They provide a separate living space that allows for greater privacy, making them a great option for couples or families with older children. Coach homes also offer a low-maintenance living space, with less cleaning and upkeep required than a larger home.

Finally, coach homes are an eco-friendly option. They are typically smaller in size, which means they use less energy for heating and cooling. This makes them an environmentally responsible choice for homeowners who want to reduce their carbon footprint.

In conclusion, coach homes are becoming an increasingly popular housing trend due to their versatility, cost-effectiveness, privacy, low-maintenance, and eco-friendliness. Whether you’re a homeowner looking to maximize the use of your property or a real estate investor looking for a passive income opportunity, coach homes are a great option to consider.

At Visture Property Group we’re actively building coach homes right now and will be posting updates on their progress. Stay tuned…

If you’re interested in Visture helping you with a construction project, email sales@visture.ca or call/text us 705-998-2017

👀 Visture’s 2023 Real Estate Forecast

/in /by

Right now, the real estate scene is slow, quiet, and things can be confusing and can get all mixed up. Buyers and investors are making all sorts of crazy moves, but all in all, we’re calling 2023 “Sleepy 23” for our fun and fearless forecast. This year is going to be a sleepy year—for real estate in particular, not the entire economy. As the “big drop” has already happened in 2022, much of it will not pour over into 2023. And while certain properties have come down, NOT ALL property types have and that’s for sure.

So, what’s in store for the coming year?

Interest Rates

We see the market slowed drastically because interest rates went up so quickly. Amongst investors as well as homeowners, there is a lot of fear, especially for homeowners who have mortgages coming up. They’re looking at even almost double payments or significant increases in payments.

It is important to keep in mind that interest rates are the biggest and is one of the top driving forces in the market. There won’t be a lot of action unless there is a need to move for reasons such as new jobs, divorce, death, and others… But if you don’t have to move in 2023, given interest rates, you’re just bearing down and the spring market will be very flat. We believe the bulk of the massive rate hikes have already happened in 2022.

Inflation

 The cost of living has gone up, oil prices went up then came down, disposable income has gotten very thin, and do not forget the increase in taxes! All of these things are eating away at that disposable income. Because of this, inflation is a topic that is here to stay. Inflation increases have started slimming out and we believe inflation is still going to be a topic of conversation although not the whole narrative of 2023 unlike how it was for 2022.

Immigration and the Rental Market

In 2022, upwards of 750,000 immigrated to Canada and the demand isn’t going down any time soon. This is part of what drives inflation because as people are coming in, they need a place to live. Because of this, the rental market is going to be strong and is a market investors should consider. However, keep in mind that if you’re if you’re a landlord or a rental housing provider, rents won’t be going up in a big, big way because there’s only so much those rents can go up.

Knowing the Fundamentals and Building Your Smart Premium

Going back to your economic fundamentals in order to become a sophisticated investor is imperative. Here are some important nuggets of wisdom to keep in mind:

  • If people don’t have reason to sell, they’re not going to sell. When the inventory stays low, people aren’t going to sell because they don’t want to sell and walk into a higher interest rate. This will backstop real estate values
  • Understand your market cycle and economic fundamentals. From there, pick a tactic that matches your market cycle and economic fundamentals based on your particular region.
  • Real estate doesn’t fail us; we fail real estate. There’s always a great tactic to apply, if you understand your region, if you understand your market cycle.

This year, sophisticated investors are going to be making very calculated moves in order to progress their real estate portfolio in a big, big way! Focus on obtaining your “smart premium.” These are investments where these factors are present: great tenant, a great location, in a great neighborhood.

There are opportunities where investors could command that premium if they do real estate right by:

  • Being thoughtful about how they’re going to attract those deals
  • Finding opportunities and knowing when to take action
  • Spending time with an investor focused team like Visture Property Management

Thankful to Give Back to the Peterborough Community 🧡

/in /by

Visture Property Group is committed to supporting the community, especially those in need. This year, we are continuing our annual tradition of giving back by providing Thanksgiving dinner for up to 5 families within Peterborough. 

It would be our honour to take care of 5 families’ Thanksgiving dinners and would love YOUR nominations on who we should support this year. Interested individuals can nominate as many families in need until 5pm ET October 5, 2022 here.

Giving back strengthens our sense of community and helps us build even more meaningful relationships with the people surrounding us—in the true spirit of Thanksgiving.

From our Visture family to yours, Happy Thanksgiving!

Combating Rising Lumber Costs with Insulted Concrete Forms (ICF)

/in /by

A silver lining to inflation and rising lumber costs is, by comparison, building products that were once considered exclusively high-end and costly might be the more affordable option now!

Take insulated concrete forms, or ICF for example. ICF is an h-shaped structure that allows concrete walls to be cast between insulation layers. What this means is that you achieve a 5x more durable, structurally sound build that outlasts traditional wood frames; you’ll save on energy costs due to the built-in insulation and airtight construction. Not only that, they speed up construction demands, cutting down the length of time, labour and supply costs involved. From an outward appearance, you can’t tell the difference either. Once it’s all said and done, ICF homes look just like a traditional wood-frame build.

See for yourself the benefits of living in an ICF Home

Visture Property Management is an industry leader at completing rent-ready-renovations for our clients that are fast, efficient and provide the best return on investment for our clients. We also specialize in creating ICF builds, outdoor landscaping solutions, accessory apartments, secondary dwelling units (SDU), duplex, triplex and additional residential units (ARU). Contact us for all details and to get in touch.

Help Us Win 1st Place: Readers Choice Awards 2022

/in /by

Hey Peterborough, do you have a moment to help us win the top spot in the annual Readers Choice Awards? Visture Property Group has been nominated for best Property Management Services. Voting ends on September 12 and we appreciate your support!

Cast your vote for Visture Property Group here.

In The Trenches: Outdoor Space Renovation = Increased Property Values

/in , /by

Improving outdoor living spaces are a great way to increase your property value right now and for the years to come. Not only are tenants and buyers looking for updated indoor space, but they’re also willing to stretch their budget when properties are beautifully landscaped, and they can see themselves entertaining guests, relaxing outside or playing with their kids.

Come behind the scenes with us and take a look at one of our in-process outdoor space renovations here in Orillia Ontario.  So far, we’ve created a retaining wall to prevent future sloping, landscaped the yard and have plans to add an outdoor fire pit and a meditation area for tenants.

Here’s the work we’ve done so far… 

  • Removed trees and scrubbed the landscape of tree roots, stumps and weeds
  • Levelled the land and filled low spots
  • Re-sloped the grade away from the foundation for water management
  • Created a limestone base for the retaining wall
  • Added topsoil across the property, along with fresh sod
  • Built patio stones for an outdoor sitting area

Coming soon…

An outdoor fire pit and meditation spot that will take your breath away. The best part about these types of projects is they don’t require extensive expertise, most owners can do these projects themselves keeping the budgets low and the ROI high!

Stay tuned for the final reveal of our in-the-trenches landscaping project.

Visture Property Management is an industry leader at completing rent-ready-renovations for our clients that are fast, efficient and provide the best return on investment for our clients. We also specialize in creating outdoor landscaping solutions, accessory apartments, secondary dwelling units (SDU), duplex, triplex and additional residential units (ARU). Contact us for all details and to get in touch.

Realtor Masterclass

/in /by

This masterclass was conducted for a group of realtors in Peterborough Ontario. The main purpose of this masterclass is to help realtors help their real estate investor clients. See property investors look at the real estate market through a certain set of filters and those filters are different than regular home owners.

In this 60 minute masterclass, JG Francoeur will cover:

  1. Why Real Estate is a great investment
  2. Why we expect the market to keep appreciating
  3. What drives a real estate market for investors
  4. Why most investors are confused
  5. How to create value to maximize return on investment
  6. Common property management mistakes and how much they cost investors

If you would like a copy of the slides, please click here to download.

We’re happy to help and serve Peterborough, Lindsay, Orilla and Huntsville. Please email sales@visture.ca or call/text 705-998-2017 to see how we can help you and your real estate investments. We special in turnkey property management services, sales, marketing, construction and renovation including secondary suites and duplex conversions.

Hosting & Speaking @ Real Estate Investor Summit

/in /by

JG Francoeur, CEO of Visture Property Group & Property Management will be hosting and speaking at the Real Estate Investment Network SUMMIT March 19-20 >> The #1 source and resource for building passive or active income through investing in real estate – in up markets or down markets! https://reincanada.com/events/summit/

Join Canada’s top in-the-trenches real estate investors, research analysts, and economic experts for 1.5 days of real estate investing education, strategies, and solutions. Learn how to make sound decisions—based on facts, not emotion—in every and any market condition!

“As real estate investors and property managers, when we’re not in the trenches helping our clients manage properties, we are expanding our knowledge. This is what every investor should do. We believe once a mind is expanded, it can never retract to its original state.” Says Francoeur

You Don’t Have To Worry About Your Financial Future When There Are So Many Opportunities Available in Real Estate.

We understand the confusion created by media and so called “experts” about where and how to get started real estate investing. Using The Real Estate Investment Network’s Success Formulas is a safe and proven way to create financial security and certainty.

LEARN MORE or REGISTER >> CLICK HERE <<

Read more

Why should you renovate your investment property?

/in /by

Great question. Maybe you don’t have to, however maybe, you NEED to!

There are so many reasons why doing a renovation to your rental property makes perfect sense.

  • Get more money each month
  • Change your renter profile
  • Have less tenant turnover
  • Compete in todays rental market

But, how do you know what to renovate and how do you manage a reno?

More great questions. Renovating for rentals is much different than other renovations that you may have done in the past. It is easy to do the wrong thing and spend money that you don’t need to.

Save your money, save the headaches and save your time!

Check out our Rent Ready Renovations Masterclass.

Register for Visture Property Management Live Webinar

/in /by

To be honest with you, at Visture Property Group we typically don’t have a lot of time for webinars and eduction, so this is a rare event for us.

We are really excited to be able to share our time, experience and knowledge with you. This is a unique opportunity to hear from our CEO, JG Francoeur, and ask him your questions directly.

JG will share with you the 3 critical errors that could be costing you hundreds of thousands of dollars as a real estate property owner, he will also show you the cutting-edge technology that we use and how it can save you thousands of dollars, rent your units for top dollar and do it faster than you thought possible. Plus JG will discuss what kind of renovations can get you top dollar for your rentals.

Don’t miss out, spaces are limited.

Peterborough | Lindsay | Kawartha Area | Orillia | Huntsville

Visture Awards

© 2023 Visture Property Group LLP Serving Peterborough | Lindsay | Orillia | Huntsville