In my last post, I wrote about things to look out for when purchasing a condominium. This week, I’d like to write about municipal bylaws. Every city is different, so be sure to talk to your Realtor if there are differences if you move to a different city. Not obliging to bylaws can be costly and stressful, and should be looked into before purchasing a property.
With real estate prices being so high nowadays, many are looking to purchase a fixer-upper to renovate. Depending on the municipality, certain bylaws may deter some of your plans such as renting out your basement apartment.
Other bylaws that may affect a purchase may include:
Believe it or not, there are even rules for the number of garage sales per year (most municipalities allow for a maximum of 2 per year)
Navigating bylaws can be extremely overwhelming and intimidating so be sure to discuss any future plans with your Realtor to ensure a smooth transition to your new home. Contact me for a simple and smooth home buying experience!
Ashley Lo | Real Estate Advice, Real Estate Solutions