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Take the Time to Analyze Your Needs

You're dreaming of a big house on the waterfront, but does it really fit your lifestyle? Consider this carefully because it's important to distinguish your dream home from the one that actually meets your needs. Before you begin your search, take the time to consider your needs thoroughly.

Your Needs

Every family has its own needs and priorities. How many rooms and bathrooms will you need? Is a dining room a necessity? And what about the garage? Will it turn into yet another storage space?

Your Tastes

onsider your style. If you're not enthusiastic about do-it-yourself projects, avoid homes that require major renovations. And even if a spacious yard seems attractive, are you willing to spend the time caring for it? If you prefer city life you'll have access to theatres, services and restaurants, but it'll be noisier and won't have as many green spaces. In other words, determine your priorities!

What's Your Budget?

Don't make the mistake of buying a home that is out of your price range. To find the home that's right for you, adapt your needs to your budget. Once you've become an owner, your investment will start to increase in value and will eventually help you access a home that is closer to your ideal. In the beginning, it's important to put savings aside for small purchases and unexpected expenses. Ensure you have enough money for maintenance costs such as insurance and repairs, as these can amount to 2% or 3% of the price of your home per year.

Your Environment

The environment is also an important factor. Is there a daycare or school nearby? Can your children take public transportation or will you need to drive them around? Consider the distance between home and work too.

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Single-Family Home, Condo or Plex?

The single-family home is by far the most popular type of property. There are many advantages to a single-family home: you can arrange and decorate it the way you like, and you have maximum privacy since no one else shares your space. However, maintaining the exterior of the house can require lots of time and money.

Condos, which are gaining in popularity, are ideal for those people who don´t want to invest time in lawn maintenance. However, it´s important to choose a building whose owners have a similar profile to yours, since you will need to agree on issues such as renovation work and building maintenance. Also take into consideration the condominium fees that you, and all of the other owners in the building, will need to cover.

A plex is a revenue property with two, three, four or five dwellings (duplex, triplex, quadruplex, quintuplex). The financial benefits are indisputable – you collect rent to help you pay your mortgage. Furthermore, a portion of the interest is tax deductible since part of the mortgage loan enabled you to acquire investment income, and any amount invested in maintaining your tenants´ dwellings is tax deductible. However, a plex won´t give you the same privacy as a single-family home

Your real estate broker has the expertise to help you make the best choice.

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Testimonials
  • Parents semi-commercial SOLD
    Eleni - your personalized services are what sets you apart from other agents in the field. You take the time to listen, comprehend and set forth your mission.
    In other words, its not just about the commission! Every sale of a property
    has a story and you take the time to Care!

    Fred - without your creativity, my parents property would never have sold! In other words, you think outside the box! As well, you've demonstrated compassion
    Annonymous
  • St-Laurent Duplex SOLD
    People that know me know that I don't post personal affairs on social media but this experience I must share.

    After going through a 2 month hellish experience with previous agents that I made a massive mistake in hiring, Eleni Akrivos from Nord/Est Realities https://www.facebook.com/NorthEastRealtiesNordEstImmobilier/ took over the sell of my family home and within one week, I had buyers! What helped me as a seller the most was that my agent does something exclusive...she sends an inspector to reveal all the faults of my building, including a detailed consultation report, prior to putting it up on the market and also gets quotes on repairs, this way we are prepared which takes away the stress from the seller because, as we know, it's the inspection that will make or break the deal. The service does not end there...our consultant/inspector shows up when the buyer sends their own to shadow this person and make sure all is legit! I also must point out that I give a rating of 10/10 to Philip Barry's (our inspector/consultant) services of showing up to follow the buyers inspector around for hours on Sunday, new year's eve! Above and beyond the call of service. Very impressive and it took my stress away completely knowing what the inspection would reveal. Totally worth paying the commission ! Now let's hope the buyer's financing comes through :D

    Total rating for Nord/Est = 10/10

    Total rating for Eleni Akrivos and her team = 10/10

    Total rating for Philip Barry consultant/inspector = 10/10

    Thank you again Eleni / Barry... you are the best and you both helped make this difficult transition a lot easier for me.
    Anna Maria
  • Sale of property by Athena Baktis
    If it was not for Athena, getting a second and third opinion, this sale would not have gone through. Athena went to bat for her client, as she should, and she got the ball rolling on the way to a timely signing. I dealt with Athena in 2014 when I purchased my condo and now in 2017 for the sale of the same condo. Athena has always been friendly and helpful, and has always gone above and beyond for me. I really felt that Athena was there for us, she was there to make sure we were being treated honestly.

    I want to take this time to thank Athena for all her help, her time, her perseverance and just for being there for us. Again, without her, the condo would not have been sold yesterday.

    Thank you Athena


    Theo Caimassidis, CPA, CA, MBA
    Kathleen Flynn
    Theo Caimassidis
  • Sold- Thank you!
    I'm still so thankful to Eleni Akrivos for getting it sold quickly!!! So many great things have come out of this move to Toronto. If you're in the Montreal area and need some great real estate or mortgage solutions you have to check out her team! Top notch
    Ellie Borden
  • Home Purchase - Thank you!
    Thank you Eleni, Fred and everyone at North East Mortgages and Realties for all your hard work. We love our new home!
    Nadia
    Nadia
  • SOLD in Laval
    Excited to have listed my home with Eleni Akrivos ! Ste-Dorothee, Laval. Beautiful area, amazing neighbours. Reason for selling:#TorontoBound
    Ellie Borden
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