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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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4 Renovations that Could Have the Best Return On Investment
Posted on Fri, 31 Mar 2017, 03:05:00 PM  in Home selling tips
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 Remodeling may seem like a lot of work and wasted money, but it could actually earn you money in the long-term. The renovations not only make the home better for you to live in now, but the changes could look very attractive to buyers if you decide to sell your home in the near future. Here are some of the home improvements that could provide a good return on investment.

 4 Renovations that Could Have the Best Return On Investment

New Siding

Replacing the old siding of your home with new vinyl is an improvement that will be well worth the costs. Many homeowners get back a significant percentage of their money on this type of renovation when it’s time to sell the property. Adding the new vinyl to your home will increase its curb appeal and attract more buyers. Most homeowners do not think about replacing old siding unless it is damaged. Other sellers will clean it with a power washer. Keep in mind that this is a recognizable feature that should be upgraded when you have the time and money. When replacing the siding, take your time to choose the best color. White can show dirt more easily; taupe is a popular color amongst homeowners.

 

Install a New Garage Door

Although a lot of people may be accustomed to using the front door or other entrances, most homeowners will want to utilize the garage. Upgrading this feature is one of the highest returns on investment that homeowners can make. You should think of the garage as part of the face of a home; it is one of the first things that potential buyers will see, and it is something that they will take a further look at once they walk through the property. This means the “face” of the garage should look nice, and the garage should be in good working condition. Some of the current trends include garage doors with windows or carriage-style doors. Facsimiles and natural wood are popular amongst new buyers.

 

New Floors

Wood floors are becoming more popular amongst young buyers, in comparison to carpeted floors. Therefore, installing wood floors is a great selling feature that could recoup almost all of its cost. Oak is one of the most popular wood floors that sellers should install. It is best to use hardwood floors instead of engineered products because those products typically contain formaldehyde. You want to choose high-quality floors that will last longer and remain in great condition, despite normal wear and tear. Wood floors are easier to maintain, which is why homes with these floors sell better than homes that have carpeted floors. Young homeowners do not want the task of constantly having the floors professionally cleaned or pulled up and replaced, which is necessary with carpet flooring.

 

A New Roof

This is one of the top home improvements that could recoup its costs in the long-term. In fact, installing a new roof could actually earn homeowners more money than they spend on the renovation. Although a new roof does not lead buyers to choose a house, it could be the reason that they decline on the property. The fact is that most buyers do not know if a roof is in good condition or not. However, almost all buyers will have an inspection done prior to making an offer. The roof would need to pass the inspection, and if it doesn’t, the buyer could decline on the property or negotiate a significant drop in the asking price.

When you are ready to make some improvements to your home, consider these upgrades. The changes will not only make your home look better, it will attract potential buyers in the future, offering a great return on investment.


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Tips for Flipping a House
Posted on Tue, 28 Feb 2017, 10:10:00 AM  in Home selling tips
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House flipping can be one of the best ways for you to make an advantageous purchase and sell it for a large profit in the future. Like many other investments, however, it is important for individuals to plan ahead accordingly and work with local market conditions to get the most out of their next big sale. If you are interested in pursuing a career in house flipping, it is strongly recommended for you to follow some of these tips and see what a difference they can make in your career. The tips can be particularly helpful for those just entering the industry.

 Tips for Flipping a House

Always Stick to a Budget

One of the most important things that all home flippers should remember is the meaning of ARV. The term stands for After Repair Value, and it is identified as the amount of money that the property is going to sell for after it has been repaired and dressed up. One of the most important rules of thumb to remember is to never be in the process of repairing the property for more than 70 percent of the home's ARV. Calculations needs to be made carefully and accurately to make sure that you can maximize your profits without having to worry about potential pricing issues in the future.

 

Know the Local Market

Another important thing to remember is that each housing market is different. What one home may go for in one state or region may drastically change in another. Knowing what to expect can allow you to prepare accordingly and invest in the appropriate tools to get the job done. If there is a niche for the property, it is a good idea to learn more about it and determine how you can benefit in the future. Always try to stay one step ahead of the curve in terms of market prices and trends, and try to know what factors can make a deal better.

 

Know the Buyers

In addition to learning as much as you can about the market, it is crucial for you to learn as much as you can about the buyers as well. Once the numbers have been figured out, it becomes a matching game for potential shoppers. Not all home buyers are the same, but knowing what to expect along different price ranges can be just what you need to prepare yourself for open houses and staging days. Learn as much as you can about the audience and try to think about the local neighborhood in terms of amenity advantages.

 

Show Your Work Off

Be proud of the work that you put into the property. You had to work through all types of issues to make that unique property stand out on its own. When it is time to set up a showing day or prepare the staging for the sale itself, it is important for you to make it look like you take pride in the work that you do. Not only is this a necessary strategy to draw attention, but it can also be one of the best ways for you to build your personal credibility.

 

Do Not Get Greedy

Try your hardest to avoid overvaluing the home as well. Speak with your customers and try to get a feel for the market as best as you can before you make the final adjustments to the price. Though every market is different, there are always trends to watch out for that can help define the work that you do. When in doubt, consult with other agents and see what they may think about the property's final value.


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Plan Your Garden in the Winter During a Snowstorm
Posted on Sun, 15 Jan 2017, 10:00:00 AM  in Marketing strategies
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If you are stuck inside your home during a snowstorm in Canada, then it is a good time to plan your summer garden. Growing your own fruits, vegetables or herbs is easy, and you will save a lot of money when shopping for groceries at the local supermarket. If your property has a backyard, then it is the perfect place to have a garden, but you can also use a home’s balcony or deck to grow numerous plants. You don’t need to grow all of your plants in one area because adding flower beds to the pathways around your home is a great way to increase a property’s curbside appeal.

 Plan Your Garden in the Winter During a Snowstorm

Read Gardening Books and Join a Gardening Club

First, make a map of your home’s lawns and pathways to determine where you can plant flower, herb or vegetable seedlings. Next, borrow books from your local public library to learn more about how to choose the correct plants for your geographic zone. Find a gardening club in your city where there are experienced gardeners who can help you select the correct seeds and seedlings for your area. Call a few gardening stores to determine if it is possible to have your lawn’s soil tested to understand what types of fertilizers to add.

 

Buy Your Gardening Supplies As Early As Possible

During the winter, many stores will begin to offer an assortment of gardening supplies such as tools, flowerpots and fertilizers. If you want to grow your own seedlings, then it is good idea to begin buying packages of seeds, potting soil and small containers. It can take several weeks for seeds to grow to the correct size for transferring to your home’s outdoor garden. You can begin to fill the containers with potting soil long before planting the seeds, and you can have your container’s labeled in order to keep track of its planting date.

 

Choose From an Assortment of Gardening Plants

When you can’t find the seeds or seedlings that you want in a nearby gardening store, it is possible to order the items from an online retailer. Some of the plants that you can have in your Canadian garden include:

  • Lettuce
  • Tomatoes
  • Cucumbers
  • Bell peppers
  • Carrots
  • Zucchini
  • Broccoli
  • Strawberries
  • Basil
  • Chives

 

Plan How to Prepare Your Garden for Planting in the Spring

Before planting any seedlings in your garden, you must prepare the soil by digging it to remove the lumps and weeds. You can perform this job with tools such as shovels or trowels, but it is also possible to use machinery for this job. When you don’t want to invest a lot of money on gardening machines, hire someone to prepare your garden’s soil. The person who performs this job can also mix in the right types of fertilizer to enrich the garden’s soil so that you will have a bigger crop of produce.

 

Have a Daily Schedule to Care for Your Canadian Garden

Avoid planting your seedlings too early in the spring because Canada often has late winter weather that will damage the vegetable, herb and fruit plants. You can plant your seedlings in long rows with a pathway between different varieties, or you can use a square foot gardening method. After planting the seedlings, you must monitor your garden on a daily basis to pull weeds, water the plants or eradicate damaging pests. If you have problems with particular pests, then you can apply organic or man-made pesticides that will control flies, beetles and grasshoppers.


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5 Tips to Save Money on Construction
Monday, 30 May 2016, 09:35:00 AM
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Whether you are constructing your home from scratch or doing a major renovation, it is important to cut costs in the construction project. Construction can be quite expensive, and since it is not easy to get a loan these days, chances are you may have to work on a tight budget. But, you don’t have to pay more than it is necessary. Here are some things you can implement to save on your construction.

1. Review the project line by line
Most often, contractors will meet with you to discuss the work schedule and breakdown of costs. This can be an excellent opportunity to save. Some contractors will assume you want things you really don’t care about. By discussing the project, you can find elements of the construction work that you can do by yourself, or put off until you have more money. As you go through the budget, don’t fear questioning anything you don’t understand. For instance, a contractor can assume you want a crown molding on the renovated space. If you don’t, you can save hundreds of dollars by removing it from the quotation.

2. Whenever possible, do it yourself
Whether you are an experienced do-it-yourselfer or just good with painting, you can take up a few of the tasks on the to-do list. Constructors make about $25 per hour. If you do some of this work yourself, you will save all this labor cost. But, be realistic about what you can handle. If you can do it yourself using your set of skills, do it, and you will save a lot. But, if you are oblivious to what you are doing, you may spend a lot of money to have a contractor fix your mess. yourselfSome things such as installing a toilet may be more complicated than they seem. And, plumbing mistakes are harder to fix because leaks in pipes can cause water damage.

3. Find you own materials
When purchasing items such as fixtures, cabinets, and door knobs, you can find cheaper solutions on your own than through the contractor. Most contractors will work with you, and if you want to source your own material, agree with your contractor before you commence the project. For example, if you are building or renovating your kitchen, you can find cheaper counter tops at the home improvement store than through the contractor. You can also find reclaimed material for use in your project.

4. Shop around
Don’t go with the first estimate you are given. This may seem a no-brainer, but if you are eager to start on something such as replacing your roof before the next storm hits, you may be tempted to hire the first contractor. It takes about four or five quotes to get an accurate idea of the correct price range. Thus, talk to several contractors to avoid overpaying for the project.

5. Go green
The construction cost will include what it will cost to occupy the finished space. If you can save money every month on water and energy bills, you can realize the return on the upfront investment for stuff like beefed-up insulation and double pane glass windows. Efficiency exceeds the structural features. And if you are renovating the kitchen, replace the appliances with Water Sense and Energy Star models. For instance, replacing your 90s fridge and freezer with Energy Star models can save you about $100 per year on utility bills. Even choices such as water-efficient fixtures in the bathroom and kitchen will help to reduce your utility costs and make the construction work to your advantage.

With the high cost of living, when doing new construction or renovation to your structure, you need to save money. Thus, review the project with your contractor, do some things yourself, find your own materials, and go green. This will enable you to save money during the construction.


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