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Some Ideas For Affordable Cities In Canada
Posted on Thu, 30 Nov 2017, 09:25:00 AM  in Home buying tips,  My services
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Canada's cities are a mix of affordability. Some are more expensive, while others are less expensive. If you are looking to move from a high-cost city to an affordable one, here are some great suggestions for you to consider. The average Canadian home costs over $440K, but there are places where you can find a bargain in the country if you know where to look. As an interesting side note, the average home value has increased by 9.4% since March 2014.

 

  1. Trois-Rivieres, Quebec

 

This city is part of the French-speaking Quebec province. It's got a wonderfully French/European feel, but more importantly the median home price is only $147,000 for a detached home. According to Desjardins, Trois-Rivieres is the #1 out of 20 for most affordable cities. Joblessness is at a relatively higher rate than the rest of Canada, which is something to remember.

 

  1. Hamilton, Ontario

 

Hamilton is practically a stone's throw away from Upstate New York. However, this province is known for being significantly more affordable than New York City. The median price of a detached home in Hamilton is $350,000 and Hamilton also offers a relatively favorable job market.Some Ideas For Affordable Cities In Canada

 

  1. The Prairies

 

This region of Canada is comparatively low-priced when considering the rest of the country. This part of the country has a solid economy which is based on agriculture, cattle, and sheep. Being in a rural location, this means that The Prairies has plenty of inventory relative to the number of people living there.

 

  1. Thunder Bay

 

This is a small city of just over 100,000 people with plenty of great home prices. It's also a great place to find an income property, being a gateway to the west coast of Canada. Plenty of sectors are booming in Thunder Bay, whether you're looking to work in real estate, accounting, health care, or manufacturing.

 

  1. London, Ontario

 

It's named after the big city in the U.K., but this place is known for having an average home price of $265,370 in 2015. This area currently features an unemployment rate of just 6.9%. London itself is a city which operates as it's own separate municipality.

 

  1. Saguenay, Quebec

 

The economy of this province is based heavily on research and technology. It's also the home to 3 large industrial parks, and has a rapidly-growing biotechnology/genomics industry. The average home price in this province is just $180,693 as of 2015. Even better, the average annual increase in home values has been steady at just 2.6% per year.

 

  1. Charlottetown, Prince Edward Island

 

This province has a population of 34,562 as of 2011, but the average home value is just $163,533 as of 2015. This province has a economy with plenty of government jobs, and has some light manufacturing as well. Chemical companies, biotech companies, and manufacturing companies all call Charlottetown home.

 

Canada is a great place to look if you want to find the right real estate deal as there are opportunities everywhere. Looking for the right home purchase is just a matter of finding the best place to look. Wherever you would like to live, there is a significant chance that you'll be able to find the best home for you and your family.


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Tips for Buying or selling a home in Canada
Posted on Wed, 15 Nov 2017, 09:20:00 AM  in Home buying tips,  Home selling tips,  My services
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Purchasing or selling a house in Canada is a massive undertaking involving the largest financial and lifestyle choices you have ever made. Choosing wisely and procuring a fantastic deal from the present property market in Canada, consider whether it is the right time for you to market, understand what to look for in an open home, know the particulars of negotiating contracts and maintain curiosity about paying your mortgage as quickly as you can. Keep on reading to learn Like many Canadians; it could be tricky to determine whether to sell your house or not. Even in the event that you love your house or condominium, you might have a great reason to sell, particularly if it doesn't satisfy your changing requirements. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense. On the flip side, if the final of those six kids eventually moved out of your seven-room residence, it may be time for you to decrease the size until these decides to split down! Just take some opportunity to assess your financial situation and your individual goals, so it is possible to create a move that's ideal for you. Before you purchase a house in Canada, you wish to understand that the property was well preserved so that you may prevent trouble and hidden costs later on.

Tips for Buying or selling a home in CanadaSome of the most common exemptions at a bidding supply are subject to financing, are subject to review and therefore are subject to purchase. Subject to financing clauses, there isn't much room for discussion. Buyers can't remove this debate clause throughout the bidding / probate procedure unless they may have a lot of funds and don't require a mortgage or require a comparatively small and effortless mortgage. Bear in mind, if the purchaser didn't require a mortgage, then he likely wouldn't have made the deal to fund in the first location.

Notwithstanding the review exemptions are usually contained in a purchaser's offer to purchase a house. As it shouldn't require more than a couple of days to arrange a review, this is a simple negotiating clause. However, since with the funding clause, you may attempt to negotiate a shorter interval to finish the review to speed up things. Unless the sale plan could be negotiated concerning the total amount of time that it provides for your buyers to market your existing home. Any purchaser who already owns a house can probably not afford the price of 2 houses at one moment. Nevertheless, no matter how worried you need to proceed, permit the buyer a fantastic period of time to create a record and market your dwelling. Generally, four or even six months are thought to be fair. Remove the topic of the revenue clause or leave the contract and produce the bid determined. When you get a house in Canada, be sure to understand precisely which items and appliances will be included with your purchase. The following few components of the contract state precisely this, permitting the purchaser and the seller to agree what's going to stay and what is going to occur. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense.


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Foreign Investment and the Strength of Canadian Real Estate
Posted on Sun, 15 Oct 2017, 12:30:00 PM  in Home buying tips,  Home selling tips
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Foreign investment in Canadian Real Estate is important to the national economy because it potentially uncouples the domestic labour market from the domestic real estate market. This kind of disconnect, perhaps reminding one of London, UK suggests that citizens could be crowded out of the market and have to pay far more than they should for homeownership and rental services.

Foreign investment is a lively topic. Despite all the discussion, there has not been a lot of information, and some estimates suggest that foreign investment drives the phenomenal price and value history of Canadian Real Estate.

B.C. after the Foreign Investor TaxForeign Investment and the Strength of Canadian Real Estate

In response to the continuing rise in prices and high volumes of sales, the B.C. government imposed a foreign investment tax. The clear intention was to dampen the price and volume of home sales.

There was a backdrop of tremendous amounts of unused housing that belonged to nonresident owners. That high un-occupancy rate stood in the face of high local demand for housing and moderately priced housing.

Ontario after the Cool Down

On April 20, 2017, the Ontario Government imposes a levy on residential real estate transactions for buyers that were neither permanent residents nor citizens. The levy applied to a targeted zone- the Golden Horseshoe region. The levy had the desired effect; within sixty days, the sales volume and average price fell from the year to date comparables.

The government developed an estimate that approximately nine percent of residential transactions involved foreign buyers. Unlike B.C., many of those buyers were immigrants and intended to occupy the units. The GTA market has regained some of the lost action but has not resumed a steep upward climb, and the tax seems to have had the desired effect of slowing the market.

Is the Quebec Boom a Real Estate Novel?

In the movement of the market after Ontario and BC imposed foreign investor taxes, some news reports suggested that Quebec was a new focus for luxury purchases by foreign investors. In 2017, the rate of luxury purchases in Montreal was higher than the one-year comparable.

There is a question whether the numbers support the idea of a boom and particularly a boom fueled by foreign investment. Defining a luxury sale as $1 million or more, the Montreal comparable showed an increase but an overall level quite consistent with the rest of the nation outside of Ontario and B.C.

One commentator view seen in several publications suggest that real estate professionals perceive more than the facts support. They are driving an optimistic narrative and perhaps hoping that the market will follow.

The Underlying Strength

The strength of the Canadian economy is the key to understanding Canadian Real Estate. The contours of the luxury market have a steep foreign investment influence due to Ontario and British Columbia as magnets for foreign investors. The underlying value of Canadian real estate is in the robust and balanced economy.

Canada has managed to do something remarkable; the nation has driven market growth with low-interest mortgages and fully insured the riskier of them. The nation can withstand a complete meltdown of the real estate sector without an unusual level of national debt.

The Canadian government insures mortgages that have 20 percent or less in down payment or cash equity. They do this directly through the Canadian Mortgage and Housing Corporation, and indirectly through the guarantees, it provides to private insurance.

The total is about $500 billion, and if it all came due, Canada would stand tall in the aftermath with a debt to Gross Domestic Product ratio like advanced European nations. Estimates from Moody’s suggest it would rest at 1.05 slightly higher than the USA at .99.

Going Forward

Canadian Real Estate attracts foreign investment because of the strong fundamentals of the nation and its economy. While Canada has issues and social and economic challenges such as the First People’s calls for greater participation, it has a remarkable social and economic cohesion. Canadian Real Estate will likely continue as a bright star in the global market for a haven, investment, and immigration.


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5 Mistakes to Avoid When Shopping
Posted on Tue, 15 Aug 2017, 09:30:00 AM  in Home buying tips
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Purchasing a home is unlike any other experience you'll ever have. This is an investment that can provide considerable returns throughout the years. Whether you're buying a primary residence, a vacation home, or a rental property, however, there are five, critical mistakes that you should be sure to avoid.

 

1. Not Considering "Walkability"

"Walkability" is a relatively new term in the real estate industry that refers to the accessibility of essential businesses and community features. When looking for a5 mistakes to avoid primary home or a rental property, make sure that building residents will be able to access things like dog parks, hiking trails, a few good shops, and a decent restaurant or two by walking. A high score in this area means that buyers will have a higher likelihood of connecting with their neighbours, fully exploring their neighbourhoods, and remaining in their homes for a significant amount of time.

 

2. Failing to Account For Potential Changes in Household Dynamics

Be mindful of the fact that your household dynamics could change over time. This is an especially important consideration to make if buying a primary residence that you hope to retain throughout the remainder of your lifetime. Not only do you have to account for the possibility of kids, but you also have to consider the likelihood of having aging parents move in. There are a number of ways in which family dynamics can change and the best homes are sufficiently flexible for accommodating all of these changes. These houses might have attached, in-law units, extra bathrooms, guest bedrooms, or other large-sized spaces that are suitable for conversion. Some properties simply have enough unused space on the overall lot for expanding the primary building.

 

3. Making an Offer before Consulting With an Agent

With greatly increased access to timely and accurate market information, more consumers are using the web to sidestep the need for real estate agents altogether. Sadly, however, they often do this to their detriment. Not only can an agent guide you through this transaction from end to end, but this professionals is also capable of providing the most current market info and pricing data. As such, when you get ready to enter into negotiations, an agent can make sure that you're not offering too much for a property, or potentially offending a seller by offering far too little.

 

4. Meeting with Sellers before Lining up Your Funding

In tight markets or markets with fewer properties for sale and lots of qualified prospects who are eager to buy, you definitely want to have your funding lined up before actually pursuing homes. In fact, no matter what the local market conditions may be, consulting with lenders and getting loan approvals should always be among the very first steps that you take. After all, you won't really be able to submit a firm offer on any property until you actually have the funds to back it.

 

5. Buying before you’re Actually Ready

Another important step to take during the formative stages of the purchasing process is to consult with a financial adviser. You want to make sure that you're actually ready for this commitment, particularly if you've never purchased or owned a home before. An adviser can help you calculate the total costs of ownership. He or she may additionally be able to recommend the best loan types for meeting your long-term financial goals. If this is a decision that you're really ready to make, your financial adviser can even tell you how much you money you should spend, which may be far different from the amount that you're qualified to borrow.


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Maximizing Your Spring Cleaning Results
Posted on Fri, 30 Jun 2017, 02:55:00 PM  in Home buying tips,  Home selling tips
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Spring cleaning is one of the country's most esteemed homecare traditions. Every spring, it is a good idea to give the home a quick and simple makeover. Though some people may choose this time to perform some major overhauls on the property, it can be refreshing enough to complete a simple clean and focus on getting the best results. If you are interested in optimizing your spring cleaning, check out some of these quick tips that you can follow to enjoy a newer, fresher home.

 

Start with the Windows

Maximizing Your Spring Cleaning ResultsYou want the view of your windows to be as good on the outside as it is on the inside. Do not neglect to wash both the interior and the exterior of your windows to make sure that you get the cleanest type of sunlight possible as it enters your home. While you are working around your windows, it can be a good idea to take a look at your curtains as well, replacing them entirely or cleaning the surface for a fresher look.

 

Keep Metal Surfaces Polished

Stainless steel and copper are among the most common and popular surfacing options both inside and outside the home. In order for you to optimize the way your property looks, it is important for you to give your surfaces a good polish. Use the appropriate cleaners and avoid anything that may result in unnecessary wear, both in the long-term and short-term of your surfaces. Always consult care guides if you are not certain how to proceed.

 

Fix Up Your Dishwasher

If you have one of these around your house, chances are that it could us a little bit of TLC. These appliances always do their best to make sure that your dishes are kept clean and shiny, so it is never a bad idea to do the same for the dishwasher. Take some of the components apart and perform a deep clean to make sure that there are no unwanted issues inside.

 

Clean the Refrigerator

On the subject of appliances, it is never a bad idea to give your refrigerator a good clean as well. If you have not done so for a long time, it is not uncommon for food debris and clutter to cause harm to structure and appearance of the fridge. Move some food around and make sure that the surfaces are clean before you replace any of the inside components.

 

Replace Your Silverware

During the spring, a lot of families like to replace their silverware or give them a brand new shine. If you have older and more tarnished silverware, it can be a good idea to have them looking like new to dazzle guests and freshen up your drawers. Choose silverware that can last as long as you need it too, especially if you plan on having guests over relatively frequently.

 

Revitalize Wood Floors

Wood flooring systems are renowned for their hardiness and classic, timeless appearance, so it is always a good idea to have them looking clean. Wood floors sometimes need additional cleaning and maintenance because of the material itself. If you are not sure how you should clean your floor, it is a good idea to contact a flooring professional and ask them for their opinion on your surface.

 

Take Care of the Oven

You want to make sure that your oven is as clean as possible as often as possible. The oven will often have burnt pieces of food around the bottom, which can add an unwanted quality to the food that you cook within. Keep it clean to keep your food tasting fresh every time.


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Common Mistakes When Buying a House
Posted on Thu, 15 Jun 2017, 02:50:00 PM  in Home buying tips
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Purchasing a home is a process that many people spend the earlier years of their lives waiting for. Even after they are settled into their first homes, they have plans for larger ones or ones in different locations later on. Due to this excitement, you may become overeager and make some errors. One of the best ways to avoid mistakes is to know what they are in the first place.

 

Not Using a Real Estate Agent

Common MistakesChances are that you've made many purchases in your life. Therefore, you may assume that you can easily buy a house without the assistance of a professional. The purchase of a home is much different from other buys because you must go through many steps, and you need to ensure that they are done in the correct order. Also, you are spending a significant amount of money on something that you cannot just go to the store and return if you don't like it. As a result, working with someone who can guide you is wise.

 

Spending All of Your Money

Many people decide to obtain a pre-approval because they seriously get involved in the home-buying process. Once you have your own pre-approval, you will know how much of a house you are permitted to buy. However, that does not mean you should spend that entire sum of money. Consider the fact that you have all of your other bills to account for and that even if you love your new house, you will probably want to go out to explore the neighborhood and what it has to offer. In other words, just because you can afford a certain amount of house on paper does not mean that it is realistically the right decision.

 

Not Practicing to Pay

Before you buy a house, you should get an idea of how much money you will spend each month on all of your new expenses, such as the mortgage, taxes, electricity and so forth. Prior to making a bid on any house, see if you an actually set that amount of money aside without struggling. In the event that you cannot afford to do so, you must reevaluate how much money you want to spend on a house and if you are even ready to make that purchase at all.

 

Disregarding Neighborhood

You may have your sights set on a particular style of house or a particular aesthetic and pay little to no attention to the other factors surrounding the purchase. With the right permits, you can make a number of changes to the structure and interior of a house, but you can never change the neighborhood that it's in. Even if you find the house of your dreams, looking into properties is likely wise when it is in an area with high amounts of crime.

 

Going Too Big

If you are like many people, you are likely enchanted by a prodigious house with all of the trimmings. Remember though that what you want is not always what you need. By purchasing a larger house, many of your bills are going to cost more, and you are going to have more rooms to clean. Of course, with a large family, you may need a large house. On the other hand, when you are purchasing a home for a small family, ask yourself if you really need all of those extra rooms.

Making mistakes when purchasing a house can turn into serious blunders because they are not always so easy to fix. Knowing what errors could arise can help you to have more power in avoiding them.


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10 Of The Best Flowers To Plant When Moving Into Your New Home
Posted on Wed, 31 May 2017, 12:00:00 PM  in Home buying tips,  Home selling tips
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10 Of The Best Flowers To Plant When Moving Into Your New Home

Planting flowers in Canada can be one of the best ways to break in and personalize your new home. Once you have signed on the dotted line with your sales representative, then you can start planning all of the beautiful flowers that you would like to accentuate your yard with upon moving in.

Do not feel limited by the 10 flowers on this list. There are literally hundreds of flowers that grow in Canada both in the wild and those that can be planted from seed packets or small plants in yards. If you are lucky, you will get a wonderful mix of both.

 

Roses

If you love flowers, then you are likely thrilled that roses bloom very well in most places of Canada. Roses are actually one of the toughest flowers that you can plant in your yard, and they have one of the best scent payoffs for the price it costs to plant them. Roses are a perennial plant that will bloom every year if properly taken care of.

 

Dahlias

10 Of The Best Flowers To Plant When Moving Into Your New HomeDahlias are a beautiful flower that are sure to wow and inspire. These beauties should be dug up in winter and stored indoors to avoid freezing in the cold Canadian winter climate. They can be grown and planted outside again when it warms up in late April and throughout May. If cared for, these flowers will bloom for many years.

 

Foxgloves

Foxgloves are a uniquely designed flower that is sure to draw attention from anyone that sees them. These flowers can be planted in spring as seedlings and will bloom throughout the summer and into fall. They will appear in spring the following year after planted and will hit peak bloom that following summer.

 

Day Lilies

If you are a beginner and want to start planting flowers in Canada than you should plant day lilies. These are very beginner friendly and will grow in a variety of soil conditions. They are easily kept and can withstand missing a day of watering every now and then. The bonus of planting day lilies is that they come in a wide variety of beautiful colors.

 

Poppies

Many flowers grow well in the warmest months in Canada. Poppies are another very hardy flower that grow in early Spring. These flowers can also be grown by simply spreading them anywhere that you like to fill in any awkward gaps. You are sure to love this bold pop of color in the early Spring.

 

Purple Coneflowers

Purple coneflowers have incredibly bright color and are simply stunning to look at. These flowers also help to attract bees and butterflies so they make excellent additions to every garden while simultaneously supporting these dwindling insect populations.

 

Blue Flag Iris

The blue flag iris is actually the official flower of Quebec, and for great reason. These flowers are actually naturally growing wildflowers in Canada that tend to prefer the wetter conditions of wetlands, swamps, and watery meadows in lower Canada. If watered enough, these are also excellent additions to personal gardens.

 

Canadian Columbine

The Canadian columbine flower is another flower that is native to Canada. It was so beautiful that it was was actually one of the first flowers sent back to Europe after European settlers first arrived in Canada. It is one flower that tends to keep away deer if you have a problem with deer eating your gardens. In addition, it will attract Canada’s most unique and beautiful butterflies and hummingbirds.


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5 Types Of Clients That Sales Representatives See Everyday
Posted on Mon, 15 May 2017, 11:50:00 AM  in Home buying tips,  Home selling tips
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5 Types Of Clients That Sales Representatives See Everyday

Sales representatives work with hundreds of different clients looking to buy and sell homes throughout their career. While there are certainly unique clients that pose questions and circumstances that sales representatives would say they have never seen before, these professionals can lovingly sort the majority of their clients into 5 separate categories.

It is important to know that different sales representatives classify clients informally based on their own unique set of standards and expectations. This is in no way meant to offend individuals or groups.

 

Those That Know Exactly What They Are Looking For

5 Types Of Clients That Sales Representatives See EverydayIt is not uncommon for a potential buyer to meet with a sales representative knowing exactly what they would like a home to have. These lists could outline a few details that would make or break a sale, but more than likely these lists are very long and non-negotiable. Unfortunately, it is not always possible to fill every request that a client may have. This is especially true if the budget is too low to include the homes that have many or all of these requirements.

 

Those That Ask Questions At Every Opportunity

Sales representatives see quite a few new buyers and sellers that are very interested in the process and ask as many questions as they can think of. Professionals generally welcome these questions and answer them to the best of their advantage, but the process significantly slows down for the clients that ask the same question over and over again. There is nothing wrong with wanting to be educated, but clients are advised to be aware that excessive questions could lengthen the buying or selling process.

 

Those That Are Not Proactive During The Buying Or Selling Process

A sales representative is a professional that helps clients to buy and sell homes as they need or want to do so. It is exceptionally frustrating when a client visits a sales representative with the expectation that the representative will take care of everything without any input, direction, or interaction of any sort from the client. In order for a sales representative to do their job efficiently a client must be able to communicate with them often, give input, and sign paperwork periodically. While it may not be the most exciting or joyous time in a person’s life, sales representatives really need all clients to be somewhat proactive in their own buying or selling process.

 

Those That Fall In Love On The Spot

Sales representatives meet quite a few clients looking to buy a house that do not really know exactly what they are looking for or what is available to them in their price range. When presented with a variety of options on paper, in magazines, or online these clients may love everything or may wish to wait to see the home in person. Once the client arrives at their next potential home, they simply fall in love with the home that they are looking at. The problem arises when a buyer falls in love with every home that they visit.

 

Those That Cannot Be Pleased With Any Outcome

There are individuals in Canada that are buying or selling a house because they have no other choice. These individuals would most likely rather just stay where they are. While circumstances vary greatly, these clients never seem pleased. Clients may be offered more money than they were asking for the home, may buy a home for significantly less than it had been listed for, or may have been relieved of fees for one reason or another and still cannot find joy in the situation. It is hard for a sales representative to see clients unhappy which makes this a hard group to represent.

 


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How To Fix Up Your New Fixer Upper
Posted on Sun, 30 Apr 2017, 01:20:00 PM  in Home buying tips
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It takes a very ambitious person to take a home in disrepair and make it fresh, clean, and new again. If this is exactly what you are, then keep on reading for a few tips and tricks to making your journey just a little bit easier.

 How To Fix Up Your New Fixer Upper

Look At The Foundation First

When you are looking into buying a home to fix up, look at the foundation first. Make sure to ask your sales representative what they know about the house and the condition of this very important structure. A crumbling or cracked foundation may mean that the house cannot actually be saved or used in the way that you would like it to be. Foundations that are in good or great condition can be stabilized and reinforced much more often than those that are in very poor shape.

 

Always Do The Research On Roofing Materials

The majority of houses that are sold and purchased as fixer uppers will need to have the roof replaced or redone. Canadian winters can truly take a toll on the roofs of houses, both fixer uppers and those sold as “ready to live in”. If you are brand new to buying and fixing up houses, then you will quickly realize that the number of choices you have to choose from will be overwhelming. Do your research on the area you live in, the different roofing materials pros and cons, and what you can actually afford to spend on the materials necessary to redo the roof.

 

Keep Your End Goal In Mind

If you are fixing up the house to live in, then you have very little to worry about. You will be fixing the house exactly how you would want it. If you are fixing up the house to sell, then consider what the market is looking for. Does your neighborhood need a house with antique charm, an enclosed porch, and a row of fruit trees? Do the majority of houses on the market have brand new wooden floors and multiple bathrooms? If you know what the market is looking for, then deliver on those desires to the extent of your ability.

 

Consider Completely Replacing The Floors

Most carpets, laminates, and wooden floors in fixer uppers are in total and complete disrepair. These floors are crumbling, moldy, broken, and incredibly dangerous. If these floors have asbestos in them or other dangerous spores and fibers, then they can cause a great deal of harm to anyone that moves into the house. In order to completely eradicate this fear and use this as a marketing strategy, simply replace all of the flooring. If you can afford to replace all of the flooring with real hardwood floors then do so. This will give new owners the option to add carpet or keep the hardwood. If you can only afford to do hardwood in one or two rooms, put this in the kitchen and bathroom. The other rooms can be reasonably carpeted for an affordable price. It is totally reasonable to put carpet in bedrooms and the living room.

 

Take Home Advice

Buying a fixer-upper certainly takes a lot of trust, courage, and ambition. Congratulations on being that person. You are saving a beautiful piece of architecture from crumbling to pieces and being lost in history forever. Hopefully the tips above will help you to make this process as easy as possible with the greatest amount of personal satisfaction.


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A New Home Versus an Older Home: Drawbacks and Benefits
Posted on Wed, 15 Feb 2017, 10:05:00 AM  in Home buying tips
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If you were to ask most potential homeowners, they'd love to buy a brand-new home versus one that was built a few decades ago. Sometimes, it comes down to personal preferences, but there are some definite benefits and drawbacks to purchasing a newly built home.

 A New Home Versus an Older Home: Drawbacks and Benefits

 Benefits to Purchasing New or Having a Home Built

  1. Customization

If you've ever lived in an older home, you know that there are many tweaks that should have been made while it was being constructed. You can make those changes to accommodate your lifestyle. That includes the huge master suite, massive family room and office space you want.

 

  1. Design Elements

Along with the size of the rooms, you can choose design elements to fit your family like an eat-in kitchen or a walk-in closet. You can choose everything down to the paint colour in your newly built home.

 

  1. New Home New Everything

With a new home, you're getting all the newest wiring and technology. That includes alarm systems, cable and media sound. If you're a fan of technology, this is essential in a new home.

 

  1. Less Maintenance

New homes mean that along with the wiring, all the appliances and HVAC equipment is brand-new. You won't have to worry about costly repairs or maintenance for a while. In the case of the heating and air, you'll want to do some seasonal maintenance, but nothing expensive.

 

  1. New House Smell

Everything in the new home should be absolutely perfect and customized to exactly what you want in the home. That means a beautiful new house smell so to speak. There'll be no flaws or disappointing elements for you to have to deal with in your new home.

 

 Drawbacks to the Newly Built Home

  1. The Cost

New homes can cost thousands and thousands more than an older home. You're paying for the new home's perfection. When you're discussing the things you want with a builder, you'll want to be careful about the costs or they could skyrocket quite easily.

 

  1. Additional Amenities

When you're shopping for a new home, the model you've seen can actually cost a lot more than you expect. Upgrades and additional amenities can really start to accumulate. It can end up costing even more.

 

  1. Missing the Quaintness

When you buy a new home, you're not getting any of the quaint charm you'd find in an older home. That's also true of the neighbourhood. The neighbourhood, trees and landscaping will be new too.

 

  1. Travel Time

New neighbourhoods are often away from the main parts of the city. You'll end up away from your usual markets and shopping destinations as well as the children's schools and other activities.

 

  1. Construction Zone

If you're one of the first homeowners in a new neighbourhood, you'll likely be living in a construction zone for a few years while the rest of the homes are built. Along with the noise, there'll be plenty of dust and dirt flying around too.

When you factor in the benefits and the drawbacks, you'll likely have your decision about whether a new home makes sense for you and your family. If technology and new construction and amenities are important, you'll want to go with a newly built home instead of an older one. When your idea of a home is large trees along shaded walks with quaint details, you'll likely want an older house.


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