Can you imagine a financial advisor getting you into an investment — say, a mutual fund — and telling you not to ask about it, or even check on its performance, for the next five years? You would likely balk at such a suggestion and insist that you’d be able to review your investment at least once a year, or even more frequently.

Now, I’m not a financial advisor, I’m a real estate agent. Yet, the same principles apply when owning a home. You don’t want to have five years go by — or even one year — without checking in on your “investment” and seeing how it’s doing for you.

Indeed, it’s important to regularly ask questions like:

• “Is our home still meeting our needs?”
• “What is the current market value of our property?”
• “Does our property and neighbourhood still fit well with the lifestyle we want?”
• “What kind of new home do we qualify for?”

Getting answers to those questions is crucial to managing what may be your most valuable investment: your home.

How often should you do this? I recommend a review once a year.

And, the good news is, you don’t need to go through this process on your own. I can help. When it’s time to review your property investment, give me a call. I can give you the answers and advice you need using the latest market data and information.

David Weir BA, CD