Celebrity real estate expert, Scott McGillivray, offers practical advice to help homeowners improve safety, increase value, and make better renovation decisions.
How important is seeking the advice of a professional appraisal ahead of making any home renovation decisions?
In some cases it can be vital. If you’re not super knowledgeable in the renovation space, a professional appraisal helps you understand your home’s current market value and guides you on renovations that will actually increase that value. It ensures you’re investing your money wisely and not over-renovating for your neighborhood and the current state of market.
What’s one simple step homeowners can take to protect their home from severe weather?
One easy but effective step is sealing windows and doors properly. It prevents water intrusion, helps maintain structural integrity, and improves energy efficiency — all critical during storms.
How can co-ownership help first-time buyers or investors break into competitive real estate markets?
We’re seeing this a lot lately, which I find so interesting. Co-ownership allows buyers to pool resources, split costs, and share equity, making it easier to afford a home in hot markets. It’s a smart strategy for first-timers looking to get in the game or investors diversifying risk. Be careful of who you invest with, make smart decisions based on long term business dealings and not who might be your best friend right now. There are opportunities out there, and I would also encourage everyone to look in to passive investing opportunities as well.
