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Storage is one of those things that you can never seem to get enough of. The garage or guest bedroom is usually tasked with being the designated storage space. We get accustomed to tossing things in these “storage rooms” and eventually it just becomes a wall of stuff. Trying to organize all that stuff becomes nearly impossible. When you are trying to sell your home, that accumulation of clutter can be an even greater problem. No one wants to buy a house with clutter everywhere, if nothing else it can make the house seem like it has insufficient storage space.
Throwing things out or having a yard sale are obvious solutions but we all have those items that are taking up valuable storage space in our houses that we just can’t bring ourselves to get rid of. So, what do you do with that ratty old couch that you’ve held onto since university that used to be beige but has transitioned into an eerie dark brown? You rent out a storage unit and store it in there, allowing you to keep something with sentimental value without having it interfere with your living space.
Beyond general storage needs, a self-storage unit can be very useful during the home selling process. Home staging is a proven way to get your home sold faster and for a higher price, it is the process of dressing up your home so that it is most appealing to the buyer. This often involves removing some of your personal items and furniture to improve the flow of the house and make it easier for the buyer to envision themselves living there. Any professional stager will tell you that removing excess clutter is the first thing you have to do when staging your home. So, when you are preparing your house for staging consider renting out a self-storage unit. Right now, my clients have an exclusive offer from Storwell Self Storage of 8 weeks free storage for their home staging. Storwell provides storage in Scarborough, Etobicoke, and Mississauga. Each location has a wide variety of sizes that can accommodate any and all storage needs.
Even after your home is sold and you have moved into your new place, many people will find value in holding on to their self-storage unit. For one, it’s always nice having some extra storage. If you are downsizing to a smaller house or condo, extra storage can become a necessity. There are people moving in with their significant others for the first time and combining two full lives worth of stuff into one house can be incredibly challenging. In this case, a self-storage unit can be extremely useful, you will be able to pick and choose which things to keep, which things to store, and which things you want to get rid of. Having extra storage just makes life a lot easier and lets you reclaim parts of your home that you thought were lost forever.
To redeem your 8 weeks of free storage at Storwell, just mention that you’ve been referred by Chip Barkel. If you are in the Scarborough area you can make an appointment to demo a unit in person at Markham Road and the 401:
Storwell Self Storage, 85 Executive Ct, Scarborough, ON M1S 5W9 Phone: 416-534-5555
Filed under: Blog by Chip Barkel
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In March I went on record saying 2021 would likely be the best year ever for real estate sales for the Toronto Real Estate Board. That is definitely the case. Even if sales stay flat for the rest of the year (stay at 2020 levels), 25% more homes will have sold over last year. What does that mean for you? It means Toronto is experiencing a very, very strong seller’s market and there has never been a better time to sell. There were a lot of doomsayers last year who predicted a housing meltdown in Spring 2021 because of Covid-19. Quite the opposite has happened. There is pent-up demand. People have realised that life goes on. People continue to marry, divorce, retire, upsize, and downsize. They took a pause last year in the first few months of Covid-19, but by the end of 2020, buyers and sellers came back in droves. Many realised they can work from anywhere, others realised that they needed more space with both spouses working from home, often with kids homeschooling. Others still, decided to cash in the condo for more green space. Being able to breathe in fresh air in the back garden was a feature that was suddenly desirable.
Normally, we look at monthly figures on a year over year basis. Since April 2020’s real estate market was devastated by Covid-19, comparing this year to last serves no practical purpose.
Prices have moderated a bit since last month, and that is a good thing. The number of Sales in the Greater Toronto Area was down 13% since March 2021 but was still a respectable 13,663, and the average selling price was down marginally at -0.60%.
New listings are down (-8% to 20,825) and the number of Days on Market is flat at an amazingly low 10 days.
In the City of Toronto, the average selling price came in marginally higher at $1,088,021which represents a half ofone percent increase over last month.
It is also worth noting that the higher end of the market ($2,000,000+) continues to be healthy, despite an 11% decrease in average selling price.
In April, condominium apartment sales were down 13%, but the average selling price was down only 2%.
The number of sales and average prices may be taking a healthy pause or may be signaling a slowing in the heated real estate market, but prices remain high, at least for now. How long this will last is anyone’s guess. Borders have been closed, so population growth is missing in the real estate data this year. If population growth is renewed and inventory levels continue to be low, prices should continue a moderate upward trend. In that case, we should expect single-digit growth going forward.
Filed under: Blog by Chip Barkel
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