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10 Tools Every Homeowner Should Own
Posted on Sat, 30 Jul 2016, 11:10:00 AM  in Home buying tips,  My services, etc.
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Some of us will tackle any project that comes our way, while others have neither the time nor the inclination to do home improvement. Here is a list of 10 basic tools that are perfect for your first-time homebuyer toolbox, even if you never plan to use them. Always remember to read and follow the manufacturer’s instructions and use proper safety equipment.

Home Improvement Book

Black & Decker has an entire series dedicated to home repair and improvement, but for a quick reference guide choose their “Black & Decker The Book of Home How-To: The Complete Photo Guide to Home Repair & Improvement.” Remember to consult your local code manuals.

Ladder

When choosing the size and type of ladder, consider the height of your interior ceilings and whether you plan to use it outside for cleaning the gutters.

toolsLightweight Drill with Bit Set

Corded or cordless, a powerful lightweight drill is worth more than its weight in gold. Make sure the bit set has a variety of types and sizes, and many will usually come with a case and magnetic bit holder.

Extension Cord

Especially useful for that drill you just bought, but also good for Christmas lights, the dehumidifier in the basement, or other outdoor power tools. Be sure to get something high quality, indoor/outdoor, and with multiple plugs should you ever need them.

Screwdriver Set, or Similar

For those times when the drill is overkill, a screwdriver set never goes out of style. Spend a little more and buy a single screwdriver that ratchets and has multiple heads built into the handle – these take up very little space and are good for so many applications!

Adjustable Wrench / Crescent Wrench

Unless you are willing to spend a little more, this will not get you through any major plumbing projects, but it will shut off the water in an emergency or install a low-flow shower head.

Hammer

This is probably the most obvious of the group, but there are actually many different types of hammers for different applications. Start with a basic but solid model with a little bit of heft.

Miscellaneous Fastener Kit

There are many versions of this, but they are usually relatively cheap plastic boxes with several types of nails, screws, nuts, and bolts. When you misplace the screw for your cabinet knob, need to hang a picture in a pinch, or want to secure the lip of trim on the stairs, you’ll be ready.

Tape Measure

From measuring for furniture to hanging shelving and trim, a tape measure is indispensable. Consider buying more than one – something longer and sturdier for the toolbox, and something shorter, more compact, and possibly magnetic to hang on the fridge or keep in your purse or car.

Smartphone

True, you won’t want to keep this in your toolbox, but don’t forget what a helpful home improvement tool it can be. Many smartphones have built-in levels and flashlights, offer conversion apps, can provide eBooks on any home improvement topic, and have the internet to look up code restrictions, find instructions or manuals, or watch helpful YouTube instructional videos. And, in a pinch, you can use it to call a professional for help!

The final tools any homeowner needs to have in his or her toolbox are humor and humility. Home improvement is hard, especially at first. You will get better and hopefully have some fun along the way. Be proud of your accomplishments, no matter how small. And if you find yourself at the end of your rope, don’t be afraid to call in a professional.


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Tips for Decluttering Your Home for Sale
Posted on Fri, 15 Jul 2016, 10:55:00 AM  in Home selling tips,  My services, etc.
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If you're planning on selling your home in the next 6 months, you'll often be thinking of ways to fix the home like repairing cracks in the walls. This should be the same time you're considering a declutter as well. You don't want to take all the items that accumulate in the home with you to a new space. This is the perfect time to purge your home of unwanted items. It's also great for staging the home for selling. Buyers don't want to see all your clutter littering the space when they're trying to envision themselves there.

30 in 30 Challenge

To make the decluttering process more fun, you can challenge yourself to clear out one bag of clutter each day. It's a simple way to tackle an overwhelming chore. When you whittle away at the clutter over a month's period, you're less likely to give up on the decluttering process.

Stay Motivated

clean-roomIt can be difficult to stay motivated through a decluttering session. You'll have to visualize the end result, which is more money in your pocket after your home sells. This will help you keep the goal in mind as you spend boring hours declutter the space.

Three Containers

A great way to tackle a space like a bedroom closet is to have three containers or bags nearby for the organization part. One of the bags should be for trash or recycling. The second bag or container should be for items you want to keep. The third should be for donations. You have to be ruthless when clearing out the space. Each item has to land in a specific container. Donate items you don't wear or haven't worn in the past 3 months.

Gather Like Items Together

When you walk into a cluttered room, it can be tough to pick a place to start first. You can work from the top of the room down or left to right as you enter the space. Clear one area where you can pile like items together. If you have three places where you keep sweaters, it helps to gather them into one pile. It makes it easier to sort and throw away items when you can see them in one place.

Investigate the Groups

Once items are grouped together, whether it's books, pens, jeans or knick-knacks, you'll be able to decide what needs to be donated, what can be trashed and what you can't really live without. You'll also be able to see that you've actually accumulated more than you thought.

Avoid Renewed Clutter

It can be tough to fight clutter when you're disorganized. If you have no space for holding like items, they'll tend to begin to clutter again. With no designated space for mail, it will accumulate wherever you toss it. That could be the kitchen table, counters or on the dresser. Find a place for everything. Mail can be held in one container, and once that container is filled, it's time to deal with it by sorting and trashing.

Open, Empty Spaces

Many people feel like they're surrounded by their favorite things when everything is on display. In fact, when everything is on display, nothing is special. Don't be afraid to leave empty spaces on your shelves, counters and tables. Three great pieces are better than displaying twelve items that look chaotic. Buyers want to see clean, bright spaces when they look at your home. Clutter is dark, dingy and dusty, which will turn away buyers quickly.

Decluttering the home is essential for the process of selling it. You could also rent a storage unit while selling your home if you simply can't part with much of your collectibles and belongings.


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How To Sell Your Home When You Have Children
Posted on Thu, 30 Jun 2016, 12:40:00 PM  in Home selling tips
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It is not always easy to sell your home when you have children. The cleaning, packing and showings can become boring and stressful for your little ones. The toys and games may become distracting for your potential buyers. Use the following ideas to keep your children and buyers happy during the moving process.

childrenChoose The Right Realtor: It is important to choose a Realtor who has worked with clients that have children. A real estate professional who has worked with families will have experience in staging and preparing for an open house event. 

Get Your Children To Help Declutter: The first step in the moving process is to clear out the clutter. Get your children involved by asking them to help you with this task. Your child may fuss over getting rid of old toys or books, but it may help to explain how they can donate, recycle or even sell the items. They may jump at the opportunity to make a little money or donate their toys to children in need. You should also work with them to organize the items they plan to keep.

Encourage Them To Start Packing: Packing items you do not use often makes it easier to stage your home for an open house. Your children can start packing up seasonal apparel, extra bedding and toys they are not playing with right now. One idea to get them involved is to let them label and decorate their boxes. A few stickers and a box of crayons can go a long way during the moving process.

Stage For All Guests: You are going to show your home to buyers who do and do not have children. Buyers who do have children are sure to understand what you are going through. It may be hard for buyers without children to check out your home when there are toys all over the place. The best thing you can do is stage your home to appeal to everyone. You can start by putting their items in the toy box, drawers and closet until the open house is over. Remove their photographs and artwork from your refrigerator and walls. You can place them in a safe place until you are ready to move. 

Stage The Bedrooms: You are going to have to stage their bedroom to appeal to all buyers. It shows your potential buyers that they can use the bedroom for children or adults. Start by replacing the kid-themed paint or wallpaper with a neutral colour scheme. The next step is to remove the kid-friendly decor such as the princess night light or dinosaur rug. The toys and decor you usually keep out should be stashed away in the closet until the open house is over.

Prepare For Open House: It is important to work with your Realtor so you can schedule your showings in advance. You may want to schedule the open house in long morning or afternoon blocks. Use the time to plan a field trip to the park, library, movies or out to eat. You should also have a small pile of activities stashed away for those last minute showings. The activities may include colouring books, sticker books and games or movies on your tablet. The field trips and activities keep your children out of the way without causing them to feel bored.

It is important to keep both your children and buyers in mind when putting your home on the market. You can keep your little ones happy and still make a successful sale if you plan your move accordingly.


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Should You Paint Your Home Before Putting it on the Market
Posted on Wed, 15 Jun 2016, 12:40:00 PM  in My services
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A new coat of paint provides the fast and instant update that your home needs before buyers start coming by, but you may think that you don't have enough money in your budget or enough time to paint your home. Professional painters and painting companies can tackle everything from repairing damaged spots and priming the walls to painting both the inside and the outside. There are a few key things that might indicate your home could do with a fresh coat of paint before you put your house up for sale or before you host an open house.

You Want to Catch the Eye of Buyers

paintingOne reason you might want to paint your home before it goes on the market is because you want to catch the eye of those prospective buyers looking at homes for sale online and in person. If your home has dull or boring paint on the outside, those buyers might dislike your curb appeal and immediately continue their search without even taking the time to tour the inside.

Your Home Has an Odd Odour

The lingering odours in your home can come from a number of different sources, including old grease or oil from your kitchen and the accidents that your dog had over the years. Those odours can actually penetrate the walls and cling to the existing paint. Adding fresh paint essentially seals those odours into the wall and helps your house smell its best. You'll even find some newer paints that produce fewer odours as the paint dries, which will make your family a lot happier and more comfortable as you renovate your home.

A Smoker Lived in Your House

If you were a smoker in the past or anyone else smoked in your home, you should seriously consider painting the walls. Cigarette smoke not only leaves behind a lingering odour, but the fumes produced by those cigarettes can also damage the walls. The tar produced by the cigarettes and the toxins that come out in the smoke itself will leave behind dark brown or even black marks on the walls. Before you hire a painting team or reach for a brush yourself, you'll need to clean the walls to remove those stains.

Your Home Has a Custom Look

When you buy a home, you probably look forward to putting your own stamp on the property. If your home has a custom look that appeals to your family, it may not appeal to the wider range of people who will come through your door during an open house later. Maybe you selected a range of different colours in each room, or maybe you added a custom mural to your child's bedroom or your kitchen walls. When your home has a more neutral look, it will appeal to more buyers. Work with painters to prime and paint each room to give it a more neutral look.

You Want to Create a Pulled Together Design

You'll also want to paint your walls to create a more pulled together look. Buyers often prefer homes that have a good flow, which means that each room flows into the next and that all the rooms work together. Having a bright red paint colour on your living room wall with a pale yellow shade used in the hallway make make those buyers feel out of sorts. Working with painters or painting the walls yourself lets you create a more cohesive and pulled together design. 

Using new paint and selecting a new design for your home can help buyers feel more comfortable about putting in an offer.


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Four Things Homeowners Should do Before Selling the Home
Posted on Mon, 30 May 2016, 11:45:00 AM  in Home selling tips
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Now that you have decided to place your home on the market, the real work begins. Before you can put a for sale sign in your front yard, you will need to put in a real effort to get your home ready for buyers. Here are four popular things that you should do to help the potential buyers come pouring in. 

The Less Clutter the Better 
Regardless of how long you have lived in your home, you are likely to have some type of clutter. Most of these items may have meaning to you, but the significance will not appeal to buyers. Therefore, now is the time to go through the clutter and donate the items you no longer need, throw away the clutter that cannot be donated, and sell anything that you believe will earn you some extra money. If there are big items in your home that you want to keep, you should place these large items in storage. By removing the clutter, you make the rooms in the home seem larger than what they truly are, which is the visual that you want to provide to buyers. 

Erase the Evidence of Pets 
Even though pets are great, you will need to get rid of the evidence that a pet lived in your house before you place the property on the market. While you havecheck become immune to the smell or mess that your pets create, a new home buyer will not have that same immunity. Potential buyers that walk thru your home before making a bid will see the fur, smell the smells, and notice any stains or wreckage that your pet has left behind. Therefore, doing whatever you can to remove the trace of your pet is an important step before selling your home. 

Here are some of the best ways to erase evidence of pets in your home:

• Repair fences 

• Shampoo or replace the carpet

• Air out the home

• Ask your neighbours or friends to pet sit while you are showing your home to potential buyers 

Make the Home Less About You 
You may be wondering how you can achieve this tip, but it is possible. When buyers come into your home, you want them to imagine themselves living in the house. You do not want buyers to be overwhelmed with your personal belongings, such as figurines that you collect, or photos of your family and friends. When you give buyers a clean slate to work with, they will be more likely to purchase the home. 

Keep in mind that scaling back the photos, removing the model cars, or packing up some of the collectible items does not mean you have to completely erase your existence from the home. Removing most of the personal items helps the home look less personalized, and it allows buyers to see themselves living in the property. 

Keep the Paperwork in Order 
This may not seem like a job to do before the home is placed on the market, but the paperwork can be crucial. Buyers will want to be assured that the home has been maintained for comfortable living. Therefore, they want to know:

• If the plumbing systems work well

• The average costs of utilities 

• Which appliances will stay 

• If the HVAC systems are up-to-date 

• and more… 

Answering these questions is not hard to do if you have the paperwork in order. This includes maintenance receipts, current utility bills, and other important paperwork that can give actual estimates, or show that the home has been well maintained. You can make a list of these things, along with the answers, and give this information to your Realtor. 

Remember that presentation is everything when it pertains to selling a home. By using the tips above, you could help increase your odds of coming out on top emotionally, and financially.


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What Are The Top Canadian Real Estate Blogs For 2016?
Posted on Sun, 15 May 2016, 11:40:00 AM  in Home buying tips,  Home selling tips, etc.
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If you are considering buying or selling a home in Canada in 2016, you will certainly need all the hot tips and helpful advice that you can lay your hands on. One of the defining features of the Internet is that it is a vast resource of information on every conceivable topic, very much including Canadian real estate. And one of the best ways to get advice on getting the most of a real estate deal is to check the many exciting and informative blogs that are available on the Internet for you to consult. Here's a list of some of the top Canadian real estate blogs for 2016. 

Vancouver Price Drop
If you live in the city of Vancouver and are interested in learning the daily fluctuations in price that the local real estate market is subject to, Vancouver Price Drop is here to be your one stop source for the latest information. Since its first appearance in 2012, the Vancouver Price Drop blog has been constantly updated with the on a weekly basis in order to give sellers the latest news on prices in the area. One of its most famous and reliable features is the weekly listing of the 30 properties whose prices have dropped most sharply during the stated period. 

The Red Pin
The Red Pin is one of the Toronto area's most prestigious and most often consulted real estate sites. You can log into the site, do a search for any area in thelader city, and view instantly all of the properties that are there to be rented or sold. In addition, you can just use the general listing feature to view all of the available properties at once, and then gradually zoom into specific locations at your leisure. The Red Pin is also home to a handy blog that is updated frequently with news, market projections, and helpful tips concerning how best to buy and sell property in the Toronto area. 

The Greater Fool 
Canadian economic, political, and financial expert Garth Turner has owned and operated his website, The Greater Fool, since 2005, making it one of the eldest and most trusted sources of real estate information throughout the country. The blog is not confined to any one area of Canada, nor is it necessarily always confined to the subject of real estate, but its sheer variety and wealth of information makes it a must read when you are searching for helpful advice and expert tips. 

Eximus
Eximus is an extremely well written and prolific blog that focuses on the real estate market of Vancouver and its associated suburbs, such as Abbotsford, Langley, Surrey, and White Rock. You'll find a wealth of demographics, price fluctuations, and other important statistics that relate to the day to day reality of each area. And you can use the site to get reports on local activities, such as real estate open houses and other goings on that will help you get a feel for the area you are hoping to purchase property in. 

Winnipeg Home Finder
The official blog for the Winnipeg Home Finder website contains a wealth of information that will satisfy the appetites of long time home owners and prospective real estate buyers for the latest market information. The blog is also home to a monthly podcast that contains even more recent and specific information concerning activities in the local Winnipeg real estate market. This is the premiere blog to be aware of if you are planning on buying or selling property in the city of Winnipeg.

 


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Strategic Landscaping for Household Energy Conservation
Saturday, 30 April 2016, 02:35:00 PM
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When you own a single-family home, there is normally some acreage dedicated to the exterior. From patios to wide-open lawns, your home's exterior plays a huge role in its curb appeal when you're attempting to sell it. However, you should still pay careful attention to your exterior even when you aren't selling in the near future. Add strategic plants to your yard in order to improve the home's overall energy consumption levels. It's possible to keep the home cooler in the summer and warmer in the winter with the right plants just outside the door.


Evergreen on the West and East Sides
Every home has a slightly different orientation to the sun. Your windows might overlook the morning sunrise, which creates a hot interior before breakfast is served. In contrast, you may have the setting sun striking the west side of your home. To combat these hot conditions, you can add evergreen trees or bushes to either the west or east sides of your property. The sunrise or sunset light can filter through the branches, and your home will remain cooler during the warmer seasons. 

Deciduous Trees for Southerly Property Edge
An ingenious way to both warm and cool your home without an expensive HVAC system is through the use of deciduous trees on the property's south side. As fruittreespring and summer arrive, the trees are full of leaves that shade your home from blistering heat. You won't turn the air conditioner on as much with trees cooling the home with their natural coverage. With fall and winter approaching, the leaves die off and allow sunlight to warm your home at its low, seasonal angle. The furnace will only be used on those especially cold, winter days.

Blocking Northerly Winds
Canada is known for its Arctic winds that drop down from the north. These winds strike your home with all of their fury and cool the interior off in little time. Consider evergreen bushes on the north side of your property. As the winds strike the dense foliage, they're redirected up into the atmosphere. In fact, they may not strike the home at all. Although the outside temperatures may still be cold, you won't have the added wind chill factor to contend with as winter continues on.

Grassy Area Benefits
If you've ever lived in the city, you understand that paved roads surrounding concrete buildings generate an urban-heat pattern. You don't want that added heat around your property by keeping it plant-free. If you have a lawn, take good care of it because it's reducing your heating and air-conditioning costs. The grass blades are tiny shades that cool the ground. The hottest days aren't as warm when you have grass surrounding your home. Consider some professional lawn care appointments if your grass is suffering from any browning or thinning issues.

Considering Fruit Trees 
Planting trees in the right location is the best way to improve your home's energy use, but you can also reduce your carbon footprint by growing your own food. Add your favorite fruit trees to the yard. Apples, cherries and other trees appreciate the Canadian climate. Once they're established, you'll have a tree that gives fruit nearly every year. When you want to sell your home, these food sources are perfect features for possible buyers.

Before you settle on any new tree or bush, read about their growing habits. Some root systems can be very aggressive so they shouldn't be planted near your home's foundation. Match the plant to a perfect yard location, and you'll have a beautiful exterior that also doubles as a functional household tool.

 


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4 Ways to Boost Curb Appeal When Looking to Sell Your Home
Posted on Fri, 15 Apr 2016, 10:00:00 AM  in Home selling tips,  Marketing strategies, etc.
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Making the decision to sell your home is one that shouldn’t be taken lightly. There is a lot of hard work and time that goes into making sure you get what you want out of your home and the process goes as smoothly as possible. The last thing you want is to end up getting far less for your home than you deserve, especially if there was something you could have done to change that. To make sure you don’t end up losing out when you go to sell your home, consider doing these four simple things to help boost your curb appeal.


Paint the outside of your home
Imagine if you were to pull up to a home for sale and the paint on the outside of the home appeared faded, cracked and chipped. Would that make you want to see the inside? For many buyers, they form an impression of a home the minute they pull into the driveway. You want them to have a positive impression about the home and be open about seeing the rest of the property. Start off by painting the exterior of your home. Give it a clean look in a neutral color like a tan, dooryellow or white. This way it doesn’t turn away potential buyers.

Get a new door
Your door is the entryway to your home. You want it to appear as nice and well-kept as possible. The best way to do this is by either giving your door a fresh coat of paint or simply replacing it with a new one. You want to make sure the door is sturdy and aesthetically appealing. Also, make sure the door works with the rest of the home. You don’t want the door and the exterior of the home to clash.

Clean up the yard
No one wants to look at a home that has weeds growing everywhere around the yard. Hire someone to come in and do a thorough landscaping job for you if need be. This includes things like trimming the trees, planting new flowers, trimming the shrubs and so on. The key is making sure everything around the home is clean and well-kept. Get rid of any weeds or dead shrubs. Clean and tidy is the key to any good landscaping project. If you don’t have any shrubs or trees around your home, now might be the time to plant some. Professional landscaping companies can go through and draw you up a plan that highlights their ideas about what will look the best around your property.

Redo the driveway
Your driveway should be free from cracks and chipped cement. If possible, go through and have it resealed. If the driveway is too far gone, you want to tear it up and put a new one down. It makes sense that the driveway is going to sustain some degree of wear over the years, but you don’t want to leave it looking that way. Having a clean, fresh driveway will go a long way in what people think about your property. 

By going through the tips above, you can instantly transform the outside of your home and add to its curb appeal. People form an impression of the inside of your home before they ever step inside of the doorway. Do everything you can to make sure that impression is as positive as possible. This will help boost appeal and increase the overall selling price, not to mention get more people interested in your home in the first place. It doesn’t take much to transform the look of your home, but it will go a long way in the real estate market.

 


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Realistic Advice For Buying A New Home In Ontario
Posted on Wed, 30 Mar 2016, 10:45:00 AM  in Home buying tips,  Marketing strategies, etc.
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If you are planning to relocate to Ontario, when purchasing a new home, there are a few things that should be kept in mind in order to make the process as smooth, efficient, and cost effective as possible. When making the move to a new location, it's important to keep your goals as realistic and grounded as possible, so that you are in a better position to deal with possible snags and setbacks that may arise along the way. By keeping your goals realistic, and by absorbing a few helpful hints and tips, your move to Ontario will be a much smoother and more enjoyable experience.

Information For New Home Buyers In Ontario Is Easily Available
Information for new home buyers in Ontario is very easily available. Canada Mortgages and Housing (CMHC) has recently purchased a fully detailed guide realisticentitled Homebuying Step-by-Step: A Consumer Guide and Workbook. This easily digestible guide book is filled to the brim with useful information that will allow you to quickly get a handle on all of the steps you will need to take in order to become a home buyer in the province of Ontario. If you have any further questions, comments, or concerns, a local real estate professional in Ontario can fill you in on all of the extra details you need to know. 

Ontario Is One Of The Easiest Provinces In Canada To Buy A Home
If you have the ability to purchase a home in Ontario, you'll no doubt be pleased to learn that Ontario is one of the easiest provinces in all of Canada to buy a home. A qualified real estate professional can quickly point out to you the fastest and easiest method of acquiring or purchasing a title so that you can claim ownership of a new property in a quick and effortless manner. 

Buyer Beware Is Still The Law Of The Land In Ontario
"Caveat emptor", i.e., "Buyer beware!" is still very much the law of the land in Ontario, as it is throughout much of Canada. For this reason, you will need to do quite a bit of hands on research in order to make sure that you are truly getting the best possible property for your hard earned money.

The assistance of a qualified real estate professional in Ontario can go a long way toward safeguarding you from making a mistake in this area. This is why it's important to not only shop around for a number of properties in the province before making your final decision, but to make good use of the advice and guidance that you receive from your Realtor. 

Make Sure You Use The Services Of A Top Notch Real Estate Professional
Finally, it goes without saying that you should make sure to use the services of a top notch real estate professional. Your move to Ontario, whether to London, Toronto, or any other location within the province, will proceed in a much smoother fashion if you have professional assistance from someone who fully understands your needs and goals. The sooner you hire a qualified real estate professional in Ontario, the sooner you can breathe easier concerning all of the other details concerning your move.


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Condos vs. Detached Homes: What is the Best Option?
Posted on Tue, 15 Mar 2016, 09:35:00 AM  in Home buying tips,  Marketing strategies, etc.
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Finding the property that is best for you is the most important decision that you will make pertaining to real estate ownership. The most popular types of properties to own are condominiums and detached (single-family) homes. Although both options are great choices, the ultimate decision will come down to your personal preference, and which of the two options is the best investment for you. 

Transportation Factors 
This will play an important role in your decision between purchasing a home or a condo. Transportation is a part of your lifestyle. For example, do you prefer to travel by bicycle, public transit, or walking to-and-from your destination? It is best to choose a property that puts you in the heart of the city and is close to all of the main attractions. If you own a car, your preferred choice of transportation may be to drive. Therefore, the distance between your home and the city is not a huge ordeal.

Level of Privacy 
Even though a single-family home is near other houses, the level of privacy is not the same when compared to condos. You will be able to move around the home as you would like, without having to worry about making too much noise and upsetting the other condo owners that live within close proximity. condovshome

Keep in mind that some condominiums have private outdoor spaces, but many do not. Therefore, if you are looking for a patio or backyard, a detached home may be the best option for you. 

Maintaining the Property
When you purchase a condo, the agreement will generally include maintenance fees. These fees are used to maintain the unit, which typically includes landscaping and exterior work. As a homeowner, you will need to maintain your property. Some neighborhoods have a homeowner’s association that will take care of exterior maintenance, but this will vary from community-to-community. 

Affordability
Come up with a budget for your new investment and search for properties that fall within that budget. When it pertains to affordability, condos are typically more affordable in comparison to homes. Even with the flux of the housing market, condos still remain more affordable than a single-family home. However, this will vary by the property type and extra features. 

Keep in mind that you do not want to overextend yourself financially, even when purchasing a new home or condo. Therefore, you should always remain within budget. An experienced real estate agent will help you find the perfect property that is affordable, regardless if you are searching for a home or condominium. 

An Investment Standpoint 
A house comes with land, which makes this property a great investment. When you purchase a property with land, there is typically a lot of value in that property. This is true in urban areas throughout Canada, where land is at a premium. In these areas, there is a good chance of appreciation. 

This does not mean that condos are bad investments. Many residents in Canadian cities think of condos as long-term investments. These properties can also be rented out if you choose to purchase another home later on in life. This rental income could come in handy, which makes condos a good investment. 

Restrictions
With a condo, there are generally more restrictions, compared to living in a detached home. The inside of your condo is legally yours to do whatever you would like, but the outside of the home has its restrictions. You will generally need to receive approval before adding fences, painting the home, growing specific plants, and more. Keep in mind that these restrictions could also apply to detached homes that have a homeowner’s association. 

Some condos cannot be rented out, or have strict rental rules. A condo association may also have pet restrictions. These are details that you should always know before making a purchase. 

Condos and homes have their advantages and disadvantages, so ultimately, the decision will depend on your personal preference. Always speak with an experienced real estate agent before making a purchase.


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