Midtown appraisal group on types of Ontario home

Types of house in Ontario: The basics

Do you know the differences? At first glance, 'house types' seems obvious: We all know the difference between a 1-storey house and a 2-storey house, right? But different terminology is used for different types of homes based not just on how many storeys they contain, but also on the way the floors are arranged. Here's an overview of the most common types of homes you'll see in Ontario. (There are other types, but most of them are just slight adaptations…...
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Kevin Slemko Midtown Appraisals on new homes

You’re buying a new home. What do you need to know?

If you're like many Canadians, you've grown up thinking that one day, you'd be buying your own home. It seems like a pretty normal thing to do - until you're actually doing it for the first time, yourself. When you find yourself actually signing paperwork committing you to hundreds of thousands of dollars over a couple of decades - well, it can suddenly seem like a very big deal. But the more you know, the less stressful it can be.…...
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unusual homes appraisals
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What happens when there are no comparable sales?

Say what you will about sprawling new subdivisions, they're a residential appraiser's dream. There's nothing easier than putting a value on a house when there have been 4 sales of the exact same model on the street in the past 6 months. But what happens when you're faced with, say, a beautiful 90-year-old home that's been renovated multiple times over the years, has a larger backyard than the newer properties which have sprung up around it - but also a…...
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