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Managing Your Investment Property as Interest Rates Rise

Basement Renovation Ideas

The basement is the perfect place to expand your living space and is often the unsung hero of taking your home to the next level!

When finishing your basement, it’s essential to consider the various options and choose which will suit your family and lifestyle best!

Additional bedrooms and bathrooms will always increase the value of your home, however, it may not be what your family needs.

Here are a few ideas on what you can do with your basement and have it ready to enjoy in time for winter!

Rental Suite

If you don’t need the space and would like the extra income, adding a rental suite is a great way to get a solid return on your investment.

Not only can this help pay for your mortgage, but it’s also a great selling feature!

This will be one of the more costly renovations, however, the return will be well worth it.

Be sure to check with your local municipality to ensure you are allowed a rental suite and obtain the correct permits before you start knocking down or building up walls. 

Games Room

Adding a pool table, dart board, arcade machine, ping pong table or whatever else fits your style and budget and is a great way to spruce up the basement.

This won’t take much in terms of renovations, however, depending on the games you decide to purchase they can become rather expensive.

A games room is sure to deliver laughter and plenty of fun for the whole family! 

Theatre Room

Get the popcorn ready! A home theatre is a great way to immerse yourself in movies, cheer on your favourite sports team, or binge-watch the latest series.

A theatre room could be as simple as a sofa and a big-screen tv, or you could go all out and decorate it from top to bottom with luxury upgrades, memorabilia, and recliner seats. 

Indoor Gym

A home gym can carry great functional purposes while potentially saving you money.

Gym memberships, personal trainers, and fitness classes can get extremely expensive over time. By having your own home gym, you only pay for the equipment you want or need.

No need to go all out from the beginning, start with a few weights and a bench, then purchase more as required. 

Storage Space

We always need extra storage space!

Installing some shelves and organizers to keep your belongings dry and organized will save you plenty of headaches when it comes time to pull out the camping gear or holiday decorations.

Additional storage space is always a plus when it comes time to sell your home too! 

When deciding how to renovate your basement choose an option that suits your family best! 


Why You Should Never Sell Your Home Without an Agent

You’ve finally made the decision to sell your beloved home and, of course, want top dollar for it, but you’re on the fence about hiring an agent to assist you with the sale.

While you may be considering not hiring an agent to keep those extra funds in hand, there are some significant reads why you should always hire a qualified, trusted agent to assist in the sale of your home.


Agents typically have experience dealing with challenging buyers, bidding wars, and difficult market conditions. That experience may pay off, helping to assure you don't leave money on the table and guaranteeing you don't fall victim to costly contingencies or inspection failures that cost you more capital in the long term.


Agents typically have impressive connections within the community as well as with attorneys, brokers, and inspectors — all of whom may play a role in your selling process. They're well-connected to other agents, too, who may have buyers interested in your home. Because of this, you want to be sure to choose a real estate agent that's well-connected and has a solid reputation in your area to ensure you get the best benefits.


Agents do a lot of behind-the-scenes work to support you in the home sale process, including helping you determine how much you should price your property based on market conditions. They also tend to be pros at knowing how to manage marketing both online and in person.

These professionals help you navigate the legal requirements of selling a house as well, such as completing (and understanding) complex legal paperwork, and reducing your risk.

Selling your home doesn’t start with putting up a sign, there’s a lot of research and preparation that goes into it before your home goes to market. An experienced agent will be with you every step of the way to assist in the preparation, pricing, staging, marketing, and much more! 

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.