{4 QUESTIONS for
JASON}
{4 QUESTIONS for
JASON}
 |
| Jason Waxman, President & Executive Director of Addison Estates Inc. |
Q Any projects on the go? Any details you can share?
A Addison Estates Inc. recently completed a large, full-scale
renovation on Homewood Avenue. The project was unquestionably the largest one
that the company has undertaken. The house was completely gutted, and re-framed
in almost every area. A massive 30-foot steel beam was installed to create a
fully open-concept main floor.
Every mechanical aspect
of the home was replaced including the electrical, plumbing, and HVAC systems.
New windows, addition and front porch roofs and basement waterproofing were
completed as well. The home featured a massive kitchen with slab granite
countertops and oversized island, marble main floor fireplace, all new wide
plank white oak flooring throughout, 3 all marble bathrooms, poplar woodwork,
5-panel shaker doors, black Ashfield iron hardware and crystal chandeliers in
all principal rooms.
A
large, bright and open third floor loft with exposed beams and pendant lighting
completed the home. It was an extremely difficult project to work on and
included numerous surprises along the way. In the end, however, it was a
beautiful home and I am proud of the final product we produced.
Q Any
listings currently on the market that excite you from a 'potential' point of
view? OR Any that just plain excite you from a
character/historic point of view?
A Long gone are the days when beautiful century homes in need
of extensive updates would sit on the market in Hamilton. This has forced
Addison Estates to reinvent its business model. There is currently a stunning
classic red brick home in Durand for sale.
The property has some
incredible millwork, plasterwork and architectural details. It would certainly
be a showcase property to work on.
Q What are
the top things people should consider/look for when searching for a home to
add value vs. forever home?
A Looking for a home is generally a completely different experience
when you are looking to add value as opposed to purchasing a home to live in
over a long period of time. When looking to add value, costs outweigh almost
every other factor. Without buying well, the project will undoubtedly fail,
irrespective of the upgrades. When buying a home for your family on the other
hand, certain components may way more heavily, including architectural details,
location, lot size and layout. While these items come at a cost, it can be
amortized over the years you live in the home.
Q With
rising prices, is Hamilton still a good market to invest in, or is the ceiling
becoming much lower for this opportunity?
A It is not news to anyone that the market in Hamilton recently has
been extraordinarily strong. This is unquestionably good for the city going
forward. It means that the buyer base is larger and more diverse. More
importantly, people, for the first time in decades in some areas, are putting
money into century homes that were previous falling apart. All that said, I
believe there is still significant room for growth in Hamilton. It will remain
a great investment, especially with low interest rates and continued
improvement in the downtown, north and east ends.
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