The most expensive rooms to repair or renovate are kitchens and bathrooms. When reviewing a home, give extra attention to these rooms to avoid expensive future repairs. Keep a list of your findings and be suspicious of:
* Low water pressure,
* Leaky faucet,
* Slow drainage,
* Quality and condition of cabinets, appliances, and flooring.

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.

Is the floor slanted? That might be a sign the house has structural problems and the services of a Property Inspector may save you from future headaches. At the least you’ll understand the situation and any potential costs to address it. Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties to determine the best fit for your family.

An agent understands the market, makes competitive list price recommendations, understands the paperwork and legalities, has experience negotiating for the best price, and removes the emotional component when interacting with potential buyers. Selling the property on your own means you take on all those responsibilities. Regardless of the path you choose, use Home Financial Modeler to set your list price, understand renovation and sale costs, and your forecasted sale profits.

Should you:
* Buy and move in,
* Buy and rent,
* Buy and flip, or
* Buy and hold long-term?
Each strategy has its pros and cons. Make sure you fully understand the strategy that works best for you. Talk to professionals, and use Home Financial Modeler to understand, renovations costs, monthly carrying costs (e.g. utilities), potential rental income, and your forecasted sale profits to determine if you can afford the investment.

Flipping can be a risky investment for the inexperienced. Accurate estimates of repairs and costs and vital. Don’t miss your opportunity to become an investor, but use a combination of professionals and Home Financial Modeler to determine if you can afford the property’s carrying costs and your best return on investment.

Work from home strategies have enabled moving out of the costly city and into affordable areas. Don’t miss out on the market, but ensure you can maintain your family’s lifestyle by using Home Financial Modeler’s Livability Model to determine if you can afford the property.

House prices aren't forecasted to decline, but price growth through much of 2023 is expected to be slower. However, many locations across North America don’t follow national trends. Understand the location you are targeting by using a combination of professionals and Home Financial Modeler to determine the appropriate list price to sell, or if you can afford the property’s carrying costs on a purchase to determine your family’s best return on investment.

Rental properties can generate positive cash flow, but don’t ignore the risks in handling repairs or managing rentals. Professional real estate agents and property managers can be a major part of your success. Use a combination of professionals and Home Financial Modeler to understand one-time closing costs, renovations costs, monthly carrying costs (e.g. a property manager), rental income, and your forecasted profits to determine if you can afford the investment.

There’s definitely money to be made. However, flipping houses can demand a lot of money, leading to cash flow problems. Use Home Financial Modeler to create financial models including one-time closing costs, renovations costs, monthly carrying costs, and your forecasted profits to determine if you can afford the investment and your family’s best return on investment.

Today you buy local properties. Tomorrow properties anywhere in North America. In the future you invest with a partner. Then you become a real estate pro and want your customers to have branded reports. Home Financial Modeler’s features grow with you.