Should You Renovate or Buy? (Montreal Real Estate Options for Over $1,000,000)

Ойын-сауық

On today's video, I discuss whether it's better to renovate your current property, or if it's better to buy a new property instead in Montreal Quebec Canada. I'm sure a lot of you are wondering the same thing. So I'm going to give you my real-life experience on whether it's better to build or buy real estate.
👷‍♂️ Want to try out Billdr renovation for yourself?! Use my referral link below!
billdr.co/lp/lakemaker
🏠 If you're in the Montreal / Quebec area and looking for a Montreal real estate agent, this is where you can find Salvatore Sansalone, my Certified Real Estate Broker!
www.imaginerealties.com/agent...
My current house in Montreal-West was completely gutted and renovated years ago. However, my wife and I now have our 3rd child and the house just won't be big enough for everyone moving forward. So should I add on an extension to my current house, or buy a new bigger house?
I'll show you the full plans of both options and discuss my housing market options and the cost differences between the 2 options as well as the possible return on investment.
The first option is working with a company I found on Facebook called Billdr. They walk me through what all would be involved with adding on the 2 extensions I would need on my current home.
The second option is meeting with my real estate agent Sal who will walk me through what's available in the current market within my budget. As well as the current market in my area if i were to sell my current house to buy a new one.
Subscribe and stay tuned to see if I end up renovating my current house or if I buy a new house. Comment below what your thoughts are and what you would do if you had these options in this Canadian real estate market.
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😍 If you love this , let us know what you think in the comments below! #montreal #realestateinvesting #realestate
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Пікірлер: 12

  • @billdrrenovation5439
    @billdrrenovation54392 жыл бұрын

    Love this! Thanks so much for featuring us. Can't wait for the next video!😊

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    You're the best! Thank you for all of the valuable information we got from you 🙏👍

  • @renamon5658
    @renamon56582 жыл бұрын

    I would like to fix up a house

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    It is a lot of work

  • @mrwonderful2081
    @mrwonderful20812 жыл бұрын

    It a new one ☝️

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    you think I should buy a new house?

  • @gregkafrounis5093
    @gregkafrounis50932 жыл бұрын

    Market is tanking though. Many price cuts. Watch out before getting into more debt. You should stay where you are and wait for the big market correction after 250-350 bps rate hikes before 2023.

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    Time will tell

  • @RichWithCars
    @RichWithCars2 жыл бұрын

    Dude, we all know that a personal residence is not a cash flowing property. By looking into your choices, either way you go, you'll just be speculating. Not a wise investment methodology imo. I say, stay in your current home and look at renovating when the market stabilizes.👍

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    It is not just a question of investment, I need more space for the kids 😎

  • @nealbarrett2774
    @nealbarrett27742 жыл бұрын

    ᴘʀᴏᴍᴏsᴍ

  • @lakemaker

    @lakemaker

    2 жыл бұрын

    ???

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