Quotes by Scott Mcgillivray - Page 1

No means maybe in real estate.
Scott Mcgillivray /
Estate
Real Estate
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I never thought I'd be doing TV shows about real estate.
Scott Mcgillivray /
Tv Shows
Estate
Real Estate
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I'm in a BMW rut. My last three cars have been BMW 3-Series.
Scott Mcgillivray /
Car
Bmw
Three
Last
Rut
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People automatically associate the caliber of the space based on the appliances.
Scott Mcgillivray /
Space
Appliances
Caliber
Associate
Automatically
Based
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I fell in love with real estate, renovations, and became a licensed contractor when I was 26.
Scott Mcgillivray /
Contractor
Became
Estate
Licensed
Real Estate
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On average, you will pay less for a home on a Monday than you will on a Saturday and a Sunday.
Scott Mcgillivray /
Monday
Saturday
Sunday
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I think the speed limit should be increased by 20 km/h on every single road - that would save me so much money.
Scott Mcgillivray /
Speed
Limit
So Much Money
Speed Limit
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The kitchen is the most valuable room in the home, so a smart kitchen reno will bring great return on investment.
Scott Mcgillivray /
Investment
Return
Smart
Valuable
Reno
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I was one of those late bloomers when it comes to motorcycles. I didn't get my motorcycle license until I was 25.
Scott Mcgillivray /
License
Motorcycle
Motorcycles
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Whatever you put in your listing, make sure that it's a true representation of the property and it's not dishonest.
Scott Mcgillivray /
Representation
Dishonest
Listing
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I try to work on houses not cars. If I was as good at working on cars as I was on houses maybe I would. But I'm not.
Scott Mcgillivray /
Houses
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Buying a house that needs work can be one of the best ways to stretch your budget. Why pay for someone else's upgrade?
Scott Mcgillivray /
Buying
Best Work Your
Stretch
Upgrade
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Buying a home is a very emotional process. It's important to remain rational and stick with your price limit while buying.
Scott Mcgillivray /
Buying
Rational
Home Your Important
Limit
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It isn't always easy to stay within budget when committing to a renovation, but one place you can cut costs is on the demolition.
Scott Mcgillivray /
Committing
Costs
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A lot of times people get caught up in bidding wars, and will go way over what their price needs to be because they love the house so much.
Scott Mcgillivray /
Bidding
Love People Way
Love People Will
Times People
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Trial and error does not work in real estate. It's way too expensive to learn from your own mistakes, you need to learn from others' mistakes.
Scott Mcgillivray /
Expensive
Trial And Error
Work Your Way
Mistakes
Error
Estate
Real Estate
Trial
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I love a big steak or seafood dinner, but the next day I'm running outside for miles. While of course listening to music. I have to have the music on.
Scott Mcgillivray /
Miles
Seafood
Steak
Love Music Day
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Student rental is definitely a very profitable form; it is also a very time intensive type of investment. There's a lot of working involved with student rentals.
Scott Mcgillivray /
Profitable
Intensive
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The door hardware in kitchens is super simple to update. It's essentially a few screws, standard spacing. It's a few bucks a piece and it can make a huge impact.
Scott Mcgillivray /
Bucks
Hardware
Huge Impact
Standard
Update
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One of the biggest challenges is that once somebody realizes that they're ready to buy a home, then they realize that they haven't prepared properly, and it takes a while.
Scott Mcgillivray /
Prepared
Ready
Biggest
Biggest Challenges
Buy
Properly
Realize
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You have to care about the transactional cost. You have to care about the future value. You have to care about maintaining value in your home through repair and maintenance.
Scott Mcgillivray /
Maintaining
Repair
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I can confidently say that I have a great relationship with my siblings, though I know not everybody does. I would hope that my children have a very similar relationship with each other.
Scott Mcgillivray /
Relationship
Great Relationship
Sibling
Confidently
Similar
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One thing that has saved my bacon many times is talking to the neighbor about the property. Neighbors are so transparent and honest, they will give you the entire down-low on the property.
Scott Mcgillivray /
Neighbor
Property
Saved
Transparent
Bacon
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Before purchasing a fixer-upper property, make sure to look at the numbers. It is easy to become emotionally attached to a house, and buyers can lose sight of the true costs of the renovation work.
Scott Mcgillivray /
Buyers
Easy
House
Numbers
Purchasing
Sight
Sure
Attached
Emotionally
Lose
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The biggest mistake that I see homeowners make all too often is not doing a proper inspection of the home and falling into a project that is a lot bigger than they probably anticipated or budgeted for.
Scott Mcgillivray /
Bigger
Biggest Mistake
Inspection
Mistake
Anticipated
Falling
Project
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I didn't come from a real estate background originally. I was going to school for business and was struggling to find a place to live because there weren't enough rental properties available to students.
Scott Mcgillivray /
Estate
Originally
Properties
Real Estate
Struggling
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I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
Scott Mcgillivray /
Buying
Investing
Secret
Selling
Timing
Time People Real
Estate
Market
Real Estate
Real Secret
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Technology has really created new markets. For instance, Airbnb has created a high demand for executive short-term and vacation properties. Even 10 years ago, it was hard to find tenants without newspaper ads.
Scott Mcgillivray /
Vacation
Ads
Airbnb
Demand
Instance
Short Term
Technology New Find
Executive
Newspaper
Properties
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I think that every homeowner has a fascination with real estate. You can't deny that it's such a huge player in our finances. It's probably the most expensive thing you'll ever purchase, so you're forced to pay attention.
Scott Mcgillivray /
Deny
Expensive
Fascination
Pay Attention
Estate
Finances
Forced
Purchase
Real Estate
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In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. That allowed me to live there for free - because that's all I could afford.
Scott Mcgillivray /
Upstairs
Basement
Purchased
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In a way, I've made a career out of sweat equity, and I've enjoyed sharing what I've learned in the process. It's a great feeling to educate people on how to get into their first or fifth home in the most economical way possible.
Scott Mcgillivray /
Enjoyed
Equity
Fifth
Process
Sweat
Economical
Great Feeling
Sharing
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So if the wall's cracked or you've got leaky faucets, or you've got mold issues, or some sort of damage to your home, selling a home that's got that kind of distress to it is the biggest mistake you will make, because immediately people who are fearful will walk away.
Scott Mcgillivray /
Biggest Mistake
Cracked
Damage
Distress
Fearful
Mold
Selling
Home Walk Your
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If it is a rental property, we'll typically keep it fairly neutral. If it's a vacation property, we have a lot more fun and do things a little more edgy and exciting. When we're flipping, we obviously want to make smart decisions and do things that produce great returns.
Scott Mcgillivray /
Vacation
Edgy
Neutral
Fairly
Flipping
Returns
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If you're struggling to get on the same page as your partner and you're not able to agree when it comes to renovations, my suggestion would be to consider hiring a designer. The introduction of a third party moderator with expertise can help break the tie and offer a voice of reason.
Scott Mcgillivray /
Designer
Expertise
Hiring
Introduction
Partner
Same Page
Struggling
Suggestion
Tie
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And personally, one of the secrets I guess you can say with success on HGTV, for not only myself and a lot of other individuals who have shows, is that we truly do love what we do. We're passionate about real estate. We love design. We love seeing transformations. We love working with our hands.
Scott Mcgillivray /
Estate
Real Estate
Secrets
Transformations
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