At this point, I think everyone has heard about the status that Vancouver, British Columbia in Canada enjoys as one of the world’s most livable cities. It has a reputation for being one of the most tolerant, cosmopolitan, walkable and nicest cities not just in North America, but also in the world. According to the United Nations and a number of other international bodies, Vancouver is regularly ranked in the top three of the world’s most livable cities. While this reputation is quite deserved, there are some drawbacks to living in one of the nicest cities in the world. For example, the fact that this is one of the nicest cities in the world means that many people in the world also want to live here. That makes the prices for vancouver real estate stay pretty high and the demand stay strong. Finding a nice place to live that is actually affordable can be a real challenge. That is why having an eye for the places that are not in such high demand now, but are in transition can be very important.
Making a profit with real estate
If you are new to real estate vancouver, one of the best investments you can make is to buy property in an area that is currently not all that desirable. That only makes sense if you expect the neighborhood to become fashionable before you start looking to sell the property again. This whole process is gentrification. In Vancouver, one of the areas that are ready for gentrification is Hastings, which is located on the east side of the downtown area. This neighborhood is not historically known for its high quality of life, so real estate here goes cheaper than it does elsewhere in the city. For example, take a look at these Vancouver houses for sale in Hastings area, not so nice.
Investing in Hastings
Although Hastings is not so popular with families who search homes to purchase, there is a lot of room for change; and consequently a significant increase in your investment. I found a condo in the Hastings area, for example, that would not last five minutes on the real estate market in other parts of the city. There are others besides the one I found. Check out these cool Vancouver condos Vancouver condos for sale in Hastings location, not so pleasant. However, if you are willing to put in a little sweat equity to improve your property and have the time to wait for this area to come around, you are likely sitting on a very sound investment.
Decorating your condo
One of the things that are very important when it comes to living in a condo is how you arrange the furniture and decorate the interior. The layout of a condo is likely to be a little smaller than the one of a traditional house, so knowing how to use your space properly is important. Another important tip is to use bright colors with your furniture, carpets and wall paint. This makes the rooms look bigger and increases the light. Whether you want to live there on your own or turn the property around for a profit, these tips will be of service.