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Investing, Selling Tyler Marshall Investing, Selling Tyler Marshall

Elevate Your Interior

In the exhilarating journey of preparing your home for the real estate market, the pivotal first step was to declutter, creating a canvas of simplicity and space. Now, as we venture into the second part of this transformative series, the focus shifts to enhancing the interior of your home. Elevating your living spaces not only increases its market appeal but also allows potential buyers to envision the lifestyle your home offers. Let's dive into practical and creative ways to make your home a standout gem in the competitive real estate market:

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Investing, Selling Tyler Marshall Investing, Selling Tyler Marshall

The Art of Decluttering

In a world often saturated with possessions and the hustle of daily life, the art of decluttering emerges as a transformative practice especially when getting your home ready for sale. This is the first of 3 steps that we will be diving into this month in order to get your home market ready. Beyond the mere act of tidying up, decluttering is a deliberate choice to curate our surroundings, creating a harmonious and balanced living space. In this article, we dive into the art of decluttering - it’s profound impact on our homes, minds, and overall well-being:

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Investing Tyler Marshall Investing Tyler Marshall

The Underused Housing Tax (Revised)

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

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Investing Tyler Marshall Investing Tyler Marshall

The Underused Housing Tax

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

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