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For some, moving involves more than just yourself.  Often times you are moving a family which may include young children.  Here are some tips for managing a move with your kids.

1. Tell your kids about the move as soon as possible.

It’s natural to assume that the less time kids have to think about a move, the easier it will be for them. Experts say it’s the opposite. Children need time to get used to the idea of moving. Don’t put off telling them.

2. Welcome their questions.

Openness will go a long way toward helping your kids feel comfortable with the move. It’s okay if you can’t answer all their questions right now. What they ask will give you an idea of how they’re feeling—excited or uneasy. And some questions may offer an ideal way to get them involved in the move process immediately, such as suggesting they get online to investigate the new community.

3. Be positive about the move.

Your attitude will influence your children’s. Dread the move and it will seem dreadful to them too. Be enthusiastic and positive about the new experiences and opportunities in store, and your children are more likely to feel the same way.

4. Let them know they can help with the move.

This is a good time to emphasize that this is a family event and everyone will be part of planning, packing and perhaps choosing the new home. Hand out the printable Moving Checklists to start them thinking of things they can do and how to get ready for the move. Assure them that their contributions will be valued.

Source: Century 21 Smooth Moves

While many of us buy and sell our personal home in hopes of moving into a new & better home to meet our needs, there are other buyers out there that buy real estate as a business.  These are what we fondly refer to as “Investor Buyers”.  As an Investor Buyer, you are seeking to purchase a property in hopes of it generating an income for yourself, or rather a return on investment & a return of investment over the course of a number of years.  This purchase could be that of a multi-unit rental property.  Savvy & Experienced Investor Buyers are out there in the market, but we are also seeing a number of new Investor Buyers toying with the idea of getting in the action of a rental property.  While this may prove to be the perfect opportunity for one buyer, it may not be ideal for the next.  When considering whether or not this is the right fit for your investment, consider the following and then find the right agent to help you throughout the entire search.  If you are in the Kingston area, give us a call – we’re here to help!

Some things to consider when you are seeking an investment property:

1. Evaluate the Property, both the physical property and the math assocaited with the property.  You want to review the financial viability of the property to ensure that a positive return occurs during your ownership.  If the numbers don’t make sense, the property may not be the right fit for you – or you may need help evaluating the math, in which case we can help.

2. You Need to understand how you profit from Real Estate Investing. Stay neutral and try to view properties with your Investor mindset.  In most cases you will not be living in the building, rather making a profit from it!  Such things to consider are cash flow, future potential of the property, work needed on the building and of course, the price you would have to pay to acquire the building.

3. Are you ready to be a landlord?  You’ll need to consider the role you’ll play once you actually own the property.  For a residential rental property, you’ll have to decide who’s going to collect the rent, lease the units, maintain the grounds and so on.  Will this be you, a property management company or a live in superintendant…and of course what will this cost you?

4. Do you have the financial means to actually own a secondary property from your personal residence?  Think about your lifestyle and whether or not this is a long term investment or short term.  You’ll need to consider your immediate cash outlay and your mortgage financing costs. Talk to a Mortgage Professional before jumping into any Investment plans!

Best of Luck with your Investor Goals!