Considering multigenerational housing? You're joining a growing trend. 

Recently, 14% of homebuyers were looking for homes that could house multiple generations. This choice isn't just a matter of preference and desire for family togetherness; it's driven by practical needs and shifting family dynamics. 

Here’s a peek into why both first-time and repeat buyers are choosing these homes:

1) Financial advantages for first-time buyers.
A significant 28% of first-time buyers opt for multigenerational homes to afford larger properties, pooling multiple incomes to make this viable.

2) Space for extended family & adult children.
About 23% of first-time buyers need space for adult relatives or children over 18 who haven't moved out. Additionally, 12% are accommodating 'boomerang' children who return home after living independently.

3) Caring for aging parents.
Among repeat buyers, 30% are looking for homes that facilitate caring for elderly parents. This reflects what I believe is a growing sense of obligation toward elder care in family settings.

These figures highlight a significant shift towards homes that support extended family living under one roof. If you're considering this type of home for your unique family needs, I'm here to guide you through the options and find the perfect fit. 

Let’s connect and start exploring your options in today’s real estate landscape!

Source: All in the Family: Multi-Generational Home Buying

Experts: Multigenerational Housing Needs More Support November 15, 2023

Revealing today what sellers say *actually* helped them sell their homes for top dollar.

1) A slight under-market list price. 

It feels counterintuitive, but sellers willing to list their homes just under market value tell me they’ve been handsomely rewarded. Competitively priced homes typically ignite bidding wars, resulting in a selling price far exceeding the initial listing.

2) Next-level cleanliness.

My crazy successful sellers typically choose to invest in professional cleaning services. Imagine walking into a home where the scents are fresh, surfaces gleam, and carpets feel like they've never been stepped on. A few hundred bucks can transform your home into a canvas where buyers can paint their future lives.

3) Multiple rounds of decluttering. 

We're not talking about tidying up; we're talking about a ruthless purge. If you've lived in your home for years, what seems normal to you might look like clutter to potential buyers. Sometimes, it takes a few rounds to strip back to the essentials, ensuring your home is show-ready and inviting.

Need a hand or more insights? I'm just a message away. Let's sell your home for maximum profit!

Your home has been there for you throughout the year, and now it's time to show it some love before the new year begins. Here's a step-by-step guide tailored for both buyers and sellers in Burlington, Ontario, ensuring your space is not only organized but also appealing to potential buyers.

1. Pre-Holiday Toy Cleanout: Before the festive season and the influx of gifts, go through your children's old toys that no longer see playtime. Consider donating them to a local thrift store or charity. This not only declutters your home but also gives back to the community.

2. Daily Declutter Challenge: Take on the task of decluttering one drawer, closet, or cabinet every day. Set a timer for 15 minutes and witness the transformation. Dispose of or donate items like old magazines, manuals, electronics, unused clothes, and expired medications. This incremental approach makes the process manageable for both buyers and sellers on the move.

3. Kitchen Clean-Up: Streamline your kitchen by eliminating dishes and utensils you rarely use. Follow the rule of doubling the number of sets based on your household size. Additionally, do a thorough check of your fridge and pantry, bidding farewell to forgotten items. This step not only improves functionality but also enhances the appeal of your home for potential buyers.

4. Home Decor Downsizing: Dust off and declutter unused home decor items. If they've been sitting around collecting dust, consider passing them on or selling them online. This not only refreshes your living space but also creates a more attractive environment for potential buyers.

5. Storage Area Organization: Address all storage areas, from the basement to the attic. Employ labels and bins to keep items organized and easily accessible. This step is crucial for sellers looking to present a well-organized home to potential buyers.

If you find the decluttering process overwhelming, I collaborate with excellent home organizers who can provide the support you need. Feel free to reach out with your home organization needs. Moreover, if you have any real estate questions or need advice, I'm here to assist you in navigating the Burlington housing market. Let's start 2024 with a fresh and organized home!

Contemplating a 'For Sale' sign among your December decorations?

Here are a few thoughts to help you minimize stress, stay in the festive spirit, and secure a quick sale: 

The Do’s

1) Embrace the season: Decorate tastefully to showcase your home's holiday charm and help buyers envision their own future celebrations in your space.

2) Cozy up: Create a warm, inviting atmosphere with soft lighting, comfy throws, and delightful scents (try Stovetop Christmas Potpourri — it’s a game-changer).

3) Stay flex: December is a hectic time for everyone. Be accommodating with showing schedules to make the process smoother for all parties involved.

The Don'ts

1) Overdo decor: Less is more when it comes to holiday decorations. Avoid overwhelm and let your home's layout, lighting, and features shine.

2) Forget basic upkeep: Amidst the holiday hustle, remember essential home upkeep. A well-maintained home makes a first — and lasting — impression on buyers.

3) Over-personalize: Clear out personal items and excess clutter to help buyers visualize living within your four walls.

Remember, December buyers are serious buyers, so if you’re ready to make the most of this month’s real estate market, message me, and let's chat about your listing today.

Burlington Real Estate: Unpacking the Latest Trends

The monthly stats are in, and if you're a homeowner or potential seller in Burlington, Ontario, you'll want to pay attention. The local real estate scene is buzzing with intriguing developments that could impact your property journey.

Sales to New Listings Ratio: Holding Steady Below 35%

One of the key metrics to watch in the Burlington real estate market is the sales to new listings ratio. For the second consecutive month, it has remained below the 35% mark. But what does this mean?

This ratio indicates that the number of new property listings is outpacing actual sales, and this trend is not unique to Burlington. We're seeing a surge in new listings, but sales aren't quite keeping pace. If you're considering putting your home on the market, understanding this dynamic is crucial.

Inventory Levels: A Shifting Landscape

Intriguingly, we're witnessing adjustments in inventory levels, particularly in the higher price ranges. This shift can be attributed to a stronger pullback in sales in those segments of the market. What this means for you as a seller is that understanding the specific market segment your property falls into is crucial for setting the right price and marketing strategy.

Months of Supply: An Indicator to Watch

October has brought some notable changes to Burlington's real estate landscape. The "months of supply" metric has stretched to nearly four months, marking the second consecutive month with levels exceeding three months. This statistic is important because it reflects the balance between supply (listings) and demand (buyers) in the market.

The Impact on Home Prices

While Burlington's real estate market is generally considered tighter compared to neighboring areas, the recent influx of supply has put some pressure on home prices. In October, the unadjusted benchmark price landed at $1,028,300, a figure nearly two percent lower than September. However, when we compare these numbers to last October, there's a silver lining – prices are still two percent higher.

Burlington's Resilience in Price Declines

When it comes to price declines, Burlington has fared better than other regions in the area. Despite the fluctuations in the market, Burlington's real estate values have held relatively strong, making it an attractive option for potential sellers.

In conclusion, the Burlington real estate market is an intriguing landscape with its own set of dynamics and trends. If you're thinking of selling your property, understanding these market indicators and enlisting the help of a local real estate expert can make a significant difference in your success. Stay tuned for more updates on Burlington's evolving real estate scene.

In the midst of life's whirlwind, many find themselves torn between the pull of expanding their family and the allure of a larger, more spacious home. And then, there are those fortunate souls who experience a blend of both cravings!

If you're juggling the demands of raising a family and nurturing aspirations of upsizing your living space, this blog has you covered. Discover a detailed strategy that takes you from envisioning your dream to making it a reality.

Before we delve into this exciting journey, hit "SAVE" to revisit these valuable insights.

1. Financial Self-Assessment for Upsizing

Kick off your journey with a profound financial self-assessment. It's essential to lay a strong foundation by addressing questions such as:

• Do you and your spouse have stable, long-term employment and consistent income?
• Are you financially positioned to facilitate a down payment, whether through your hard-earned savings or by leveraging the equity in your current home?

This critical step provides you with the financial clarity needed for your next moves.

2. Expert Real Estate Guidance: Navigating Current Market Trends

Navigating the dynamic real estate market can be challenging, especially in the current climate. To conquer this challenge, connect with a seasoned real estate agent who is well-versed in your local market. They will help you ascertain the equity you'll gain from selling your current home - essential for your future property purchase.

For more personalized guidance, simply DM us or comment below. We're ready to set up a quick clarity call to explore your options.

3. Calculate Future Monthly Mortgage Commitments

Your financial commitment deserves a deep dive. Reach out to your real estate agent for a referral to a local lender who can meticulously calculate your future monthly mortgage payment. This illuminates the path forward and ensures your financial goals align with your property dreams.

4. Exploring Opportunities and Property Window Shopping

Engage in property exploration to get a sense of the market. Your agent can set up a tailored property search for you. Here's a bonus tip: visit open houses to immerse yourself in the experience of stepping into your potential future.

5. Making the Leap with Confidence

After your diligent preparations, it's time to take that leap. It may feel like a monumental step, but these strategic measures empower you to make your decision with unwavering confidence.

The journey continues as you refine your needs, desires, and preferences, ultimately culminating in the discovery of "the one" and securing your offer acceptance.

Embrace the coexistence of "baby fever" and "house fever." Chart your course wisely and transform your dreams into reality.

If you've found this blog helpful and insightful, remember that I'm Lindsay Gordon, your trusted Burlington + Waterdown real estate agent, here to guide you in making decisions tailored to your unique circumstances.

For ongoing insights and updates, follow @lindsaygorrealtor. ‍‍‍