KEVIN LEUSCHEN

Selling houses in and around Saskatoon!

Laundry—love it or hate it, we all spend time separating, folding, ironing and scrubbing. Although the laundry room is a space we use regularly, it’s often not given the same attention as other rooms in the home. Whether it’s a tiny space in a tucked away corner, a dedicated room or anything in between, there are plenty of simple ways to turn your laundry room into a space that’s functional, enjoyable and even Instagram-worthy. From a total overhaul to a few simple DIYs, take a few tips from our suggestions below and turn your laundry room into a space you love. 


1. Define the space with paint or wall decals 

For an easy and affordable way to add interest and define your laundry room, consider using peel and stick wall decals or paint. Wall decals offer a no-commitment option for renters or homeowners looking to make a big impact on a small budget. Don’t be afraid to choose something fun or bold to help make your laundry room a space you won’t want to hide away. 


2. Get organized with containers

Swapping out that orange bottle of Tide for a pretty and practical container is another budget-friendly way to transform your laundry room. Transferring laundry room must-haves like dryer sheets, laundry tabs and clothes pegs into stylish containers will instantly transform your laundry room into an organized and stylish space. You’ll find containers in a range of sizes at most dollar stores, department stores or discount home stores. 

3. Add open storage shelves 

If storage space is lacking in your laundry room, adding open shelving is an easy DIY project you can do in just a few hours. Not only are open shelves trendy, they’re more affordable and easier to install than traditional cabinets. In addition to shelves, brackets and hardware (check your local hardware store or IKEA), all you need is a drill, level and stud finder. When installed, you’ll have more space to display those new containers hiding your laundry soap and other trinkets. 


4. Raise your washer and dryer 

If you have a side-by-side front loading washer and dryer, you’re probably getting tired of bending over to load and unload. To add storage space and save your back, consider adding a laundry pedestal or riser to raise your washer and dryer. Some manufacturers make pedestals fit for your specific washer (check big box hardware stores like Home Depot). For a more affordable option, there are plenty of DIY plans available to help you build a platform or riser on a budget. 

5. Add a foldable or drop-down drying rack 

If a chair, couch or railing has become your go-to drying rack, it’s time for a better solution. If you have enough wall space, a drop-down drying rack can add ample room to dry your delicates without taking up any storage space. If you’re lacking wall space, a foldable wire rack or clip-and-drip style hanger can be easily tucked away when not in use. 


6. Add a folding station 

Make the most tedious laundry task a little more enjoyable by adding a folding station to your laundry room. While front loading side-by-side machines already have a flat surface for folding, adding a counter top like a butcher block or kitchen-style counter will quickly transform the look of your laundry room. 

If you have stacked or top-loading machines, consider adding a folding space that doubles as extra storage. For example, a counter-height dresser or repurposed baby change table provides space for folding and storage for other laundry items. Keep family member’s clothes organized by adding baskets for each person to your folding station. 

7. Consider smart appliances

Always forgetting to move your clothes from the washer to the dryer? If new appliances are part of your laundry room makeover, consider investing in a smart washer and dryer. Smart laundry machines can remind you when it’s time to switch a load of laundry and let you know when your washer or dryer needs maintenance. Plus, some smart laundry machines can be integrated into your connected home to help track energy usage and save on costs. 

There’s no reason the often neglected laundry room can’t become a calm, organized and Instagram-worthy room. With a couple DIY projects and simple organizational tips, you can transform your laundry room into a space you’ll love, even if you still hate folding.



Source:  Realtor.ca/blog 

https://www.realtor.ca/blog/postpage/14557/1363/7-tips-to-help-you-love-your-laundry-room

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Keeping our homes in tip-top shape—while looking stunning—is a point of pride for many homeowners. Painting your home’s exterior, an important maintenance project, allows you to help preserve your home’s value and boost curb appeal, while creating an opportunity to express your personality through colour. Exterior painting is quite different from interior, so let’s take a look at what this entails!

Why is this important? 

Exterior painting keeps your home looking fresh and vibrant, and protects against weather and degradation, while prolonging the life of its underlying materials. It’s also an excellent opportunity to get up close to detect any damage, wear, or rot you might not otherwise notice—a tactic that can save on costly repairs in the long-term. 


Painting tips

Test your colour palette

Choosing the right colour combination for your home is not always an easy decision. Favourite colours may not translate or combine well in practice. Thankfully, many paint manufacturers offer visualization tools allowing you to test out different colours using a photo of your home. Here are some examples:

Choose the right paint for the job

Since not all exterior paints are created equal, it’s important to select your paint according to its application. For instance, oil-based paints are optimal for doors, trim, faucets, fixtures and wrought iron elements, while acrylic/latex paint is recommended for wood, vinyl or metal siding. Just keep in mind even though oil-based paint can be applied over a water-based paint, the reverse is not the case. Another exterior option is masonry paint, which allows brick to ‘breathe’ better giving it a longer lifetime.  


Buy enough paint

Painting the outside of your home requires a sufficient volume of paint in order to cover the entire surface area—ideally you’re looking at two to three coats of paint to avoid bubbling due to moisture. In addition to the visualization tools, retailers and brands offer volume calculators (like this one at Home Hardware) so you can get an accurate read on how many cans of paint you should plan for. You can also estimate based on a single gallon (3.8L) covering approximately 400ft(122m2).


Paint in ideal weather conditions

It’s best to avoid rainy or humid weather conditions when painting your home’s exterior and the paint experts at Benjamin Moore recommend you do not paint in temperatures below 4.4ºC. It’s also advisable to avoid high temperatures and direct sunlight, as these conditions cause the paint to dry too quickly. Your chosen paint brand will also have specific weather-related information on its label.


Watch out for lead


If your home was built before 1978, there’s a chance lead-based exterior paint was used. You can use an instant lead test, available from your local hardware or paint store, and if detected, special precautions are necessary to protect from lead dust during painting prep.


Consider hiring a pro

It’s a good idea to evaluate whether this is a project you can manage. It’s a time-consuming undertaking involving safety risks, precision, and a keen eye for details. If you decide to hire a professional, be sure to get multiple quotes from different pros, check their references and previous work and be mindful of how much and when you make payments, as recommended by Consumer Reports.

Gear up

If you plan on flexing your DIY muscles for this project, then you’ll need to obtain the following tools and materials:

  • A ladder (extension or multi-use are best)
  • Pressure washer
  • Masking tape (also called painter’s tape)
  • Drop cloths
  • Paint brushes
  • Paint sprayer
  • Paint roller (if you decide not to use a sprayer)
  • Paint pail with roller grid
  • Paint scraper
  • Plastic sheeting to cover windows, fixtures, and trim
  • Paint thinner if you’re using oil-based paints
  • Paint primer
  • Paint (of course!)
  • Caulk gun with exterior caulking
  • Epoxy filler for gaps and gouges
  • Medium grain sanding block
  • Mortar (for brick homes)
  • Steel bristle brush if you’re repainting wrought iron

The process

  1. Pressure wash your home’s exterior.
  2. Repair surface damage—use epoxy to fill gaps and replace any rotted materials.
  3. Re-mortar where needed between bricks (if applicable).
  4. Remove loose paint and old caulking.
  5. Apply fresh caulking to your trim.
  6. Apply primer to stains—this ensures your new paint will adhere to these spots.
  7. Use the tape and plastic sheeting to protect your doors, windows, trim, and fixtures.
  8. Use drop cloths to cover up any bushes, gardens or other objects below where you will paint.
  9. Use your sprayer to paint the exterior.
  10. Apply a second and, if necessary, a third coat of paint after each application has dried.
  11. Remove the coverings from your doors, windows, trim and fixtures and apply masking tape around them.
  12. Paint the trim, fixtures, doors or windows as desired.
  13. Bask in the results of your hard work—you did an amazing job!

There’s no arguing the size and complexity of this type of project, nor its long-term benefits. Any project that keeps your home looking gorgeous while prolonging its life is always worth the effort. If you’re ready for more curb appeal-boosting projects, check out these outdoor lighting ideas, or add some striking autumn colours to your gardens.


Source: Realtor.ca/Blog

https://www.realtor.ca/blog/postpage/14698/1363/your-guide-to-exterior-home-painting

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Cooler temperatures and pretty soon falling leaves serve as a reminder that the fall season is fast approaching. As the seasons change, so do our activities and home needs. Even though summer is not quite over yet, it’s a good time to do some seasonal maintenance to keep your home running smoothly. The weather can change quickly, especially if you live in a colder climate and you don’t want to be caught unprepared. A bit of attention now will save costly repairs and aggravation later.


Interior Maintenance

  1. Check for drafts. Feel for drafts around the edges of windows and doors. A good tip is to use a lighted candle and if the flame flickers, there’s most likely a draft. If necessary, replace seals and repair caulking around window and door frames. Consider buying heavier or insulated drapery for especially drafty windows.
  2. Have your furnace inspected. Hire an HVAC professional to test for leaks, check heating efficiency, and change the filter. They can also do a carbon monoxide check to ensure air safety. It’s also a good idea to stock up on extra air filters and change them every few months.
  3. Winterize air conditioning. If your home has central air conditioning, (and you live in a climate where you won’t need it any longer,) it may be necessary to cover your outdoor unit for winter. If you use window air conditioning units, remove them or cover to prevent air leaks.
  4. Programmable thermostat. Buy a programmable thermostat, if you don’t have one. If you already have one, check the temperature settings. Setting your thermostat to lower the temperature automatically at night and when you’re not home, can result in substantial cost savings.
  5. Test home safety devices. Replace the batteries in all smoke detectors and carbon monoxide devices and test to make sure they’re working properly.
  6. Clean humidifiers. Replace old filters and clean inside compartment. Vinegar is inexpensive and works well.

Exterior Maintenance

  1. Do a roof check. You should be able to do at least a visual inspection of the roof from the ground. Grab some binoculars to get a closer look or if you’re able and can do so safely, climb on up for a better view. Look for missing, damaged, or loose shingles. If your roof is flat, you may need to remove leaves and debris.
  2. Check the chimney and fireplace. If you have a wood fireplace and use it often, have your chimney cleaned and inspected by a professional.
  3. Stock up on firewood. Order enough firewood for the season. If you gather your own firewood, make sure it’s dry and ready. It’s best to cover firewood and store away from the house for safety reasons.
  4. Inspect siding. Check home exterior for cracks or holes. Repair them yourself or hire a professional.
  5. Clean the gutters. Hire a service to clear your gutters or do it yourself. Remove leaves, nests, and debris from gutters and check for leaks.
  6. Check water drainage. Rainwater downspouts need to be clear of obstructions and direct water away from foundations, walkways, and driveways. Add extensions to downspouts if necessary.
  7. Reinforce windows and doors. Remove screens and install storm windows and doors if you use them. Check caulk and seals around all doors and windows.
  8. Turn off faucets and store hoses. Drain garden hoses and disconnect from the outside spigots. Shut off exterior faucets, and if you have an older home, you may need to turn off the valve inside your home. Store hoses in a dry place so any residual water won’t freeze.
  9. Service sprinklers and irrigation system. Depending on your climate, your irrigation system may need to be drained and checked. Have a professional perform any necessary repairs and mark sprinkler heads near snow removal areas.
  10. Inspect trees. Check for damaged limbs that may break or that are too close to power lines or the roof.
  11. Trim landscaping. Cut back bushes, shrubs, and flowers as recommended for your climate zone.
  12. Bring in flowerpots. If you keep plants or flower in pots year-round, bring them inside. If you replace plants every year, empty, clean, dry pots and put away for next spring.
  13. Plant bulbs. If you plant bulbs for spring, now’s the time to get them in the ground.
  14. Leaf removal. Rake and remove leaves from the yard. Put into a compost pile if you have one. Alternatively, put into yard garbage bags and leave at the curb for community pick up. Check with your local city or town for requirements and pick up schedules.
  15. Fertilize lawn. Applying fall lawn fertilizer will help prevent winter damage and spring weeds. Ask a local garden center or check online to find out which type of fertilizer you need and when to apply it. If you have a lawn service, they should do this for you.
  16. Put away seasonal furniture. Clean and store seasonal outdoor furniture. Remove and clean cushions. Wash and dry furniture and store in a dry place over winter.
  17. Close the pool. If you have a pool and live in an area where temperatures dip, schedule a service to come and close it for the season or if you know how, buy the supplies and do it yourself.
  18. Organize the shed. As your shed is filling up with summer items in storage it’s a good time to organize and clean out the shed. Move summer items to the back and winter stuff up front for better access. Also, remove any liquids that will freeze.

In the Garage

  1. Service summer power equipment. Empty fuel and clean lawnmower and trimmer. Have lawnmower blades sharpened and oil changed. Have any necessary repairs done now, so that you’re ready come spring.
  2. Store summer vehicles. If you have a motorcycle, summer car, ATV or other type seasonal vehicle, now’s a good time to have that serviced as well.
  3. Get winter equipment ready. Service snow blower and make sure it is ready to go, especially if you live in an unpredictable climate.
  4. Test the generator. If you have an emergency generator for power outages, give it a test, and make sure it’s in good working order.
  5. Buy extra gasoline. Purchase extra gas to have on hand for use in your snow blower or generator, so you’re prepared for emergencies. Make sure you store gasoline in tanks away from fire sources and out of children’s reaches.
  6. Clean the garage. Since you’re in the garage prepping for fall, you might as well purge, organize and clean it while you’re there!

As you’re enjoying the last bits of summer, make sure that your home is prepared for the coming fall season. Preventative maintenance now will save money on expensive emergency repairs and wasted energy costs. Properly maintaining your home also enhances its value and appeal and is less effort than managing a crisis later. When the chilly weather approaches you and your home will be ready.


Source:  LifeHack

 https://www.lifehack.org/articles/lifestyle/30-smart-tips-to-get-your-home-ready-for-fall.html

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Under normal circumstances, putting your property on the market in the fall can be an overwhelming process, even for an experienced homeowner. This year may feel especially daunting given the unknowns surrounding the pandemic and market stability. 


A slow spring gave way to a promising summer real estate market. In July the Canadian Real Estate Association (CREA) reported national home sales bounced back from their pandemic-induced springtime lows, rising 26% month-over-month. If this recovery momentum continues, the typically busier fall season could see a wave of homeowners listing their properties with plenty of buyers waiting to snap them up. 


If you count yourself among the owners looking to list before the end of the year, we’re here to provide you with a few key steps you can take to prepare ahead of time. 

Adil Dinani, founder and principal of the Vancouver-based Dinani Real Estate Advisors at Royal LePage West Real Estate Services, shares his plans for getting your home ready to list this fall. 


Keep your finger on the pulse

With markets shifting as a result of the coronavirus, it’s important to continue monitoring what’s going on and to respond accordingly. According to Dinani, make sure your listing agent has a pulse on not only the area they serve, but the overall base market and other emerging trends. For instance, if you’re selling a single-family home, your REALTOR® should be able to pinpoint if there’s a rise in buyers selling condominiums and moving to your neighbourhood, and how your listing should target that audience. 

“We’re seeing new trends now and that movement towards detached [homes] with a yard. [You should] know where the buyers are coming from in the area,” says Dinani. 

At the moment, Dinani says constrained supply may point to a seller’s market in fall 2020, but there’s still too many variables at play to know for sure in advance. In the latest market data released by CREA, the number of newly listed properties jumped 7.6% from June to July.

In June, the national average home price reached $539,000, a 6.5% year-over-year increase, according to CREA. Prices are expected to continue to remain stable and buyers who have been locked down in their homes are likely to be motivated to move to a space that’s more suitable for their needs in the fall. 

Whatever the case may be down the line, REALTORS® should be up to date with the market. 

“Our job, in our position as REALTORS®, is to be on top of everything that is happening, and what’s happening with the data, what’s happening with the stats, sales and prices, and keep our clients apprised as to when is the best time to sell their home,” says Dinani.


Have a plan in place

Don’t fly by the seat of your pants—it’s good to plan ahead for the safety and well-being of everyone. Dinani explains your REALTOR® should set protocol for how each showing and open house will play out according to local public health guidelines. For instance, his team prepares each property for showing by arriving early, providing a thorough cleaning, and opening all interior doors to prevent visitors from touching high-contact surfaces. It’s also recommended to provide visitors with masks and a disinfecting station for use before and after their showing. 


“When we’re outside before the buyer comes in, we prepare them on what we expect and how the showing is expected to go and what the angle of the limitations will be,” he explains.

Dinani says you should have a conversation with your REALTOR® about what measures they’re taking to protect your health as well as the health of the potential buyers who will be coming through your home.

Presentation is everything

Fall is usually a time where more serious buyers come out of the woodwork. Having skipped the spring and summer markets, fall buyers traditionally are looking to make an offer and close on a property before the holidays hit. Nowadays, home buyers are even less casual when it comes to shopping around. 

“Everyone coming through is not just casually looking. There’s the odd one, but the majority of people are actually very serious about entering the market or buying something in the market,” explains Dinani. “I feel like into the fall, that will continue.”


Given the seriousness of buyer motivations, and the social distancing recommendations that have resulted in less frequent in-person showings, it’s important to make first impressions count in the home. This means a clean, well-kept environment showcasing the best features of the property.

“When they come into the home and it’s not presented well, then you may lose them,” says Dinani. “So, we make sure our homes show a ten every single time. That presentation component is very important.”


Leverage technology for your home 

With more buyers spending their time on their phones and computers, Dinani says it’s crucial to take a more aggressive online marketing approach. When preparing your home for listing, he says to ask your REALTOR® about how they plan to leverage technology to give your home exposure. 

“We’ve seen a meaningful change from where activity has gone during the pandemic and how people are spending more time [online],” says Dinani. 

For buyers and sellers that are less comfortable with in-person showings, high-quality Matterport and virtual tours can be a powerful substitute. Instead of sending physical copies of flyers and feature sheets, convert these materials online so they are readily available. A strong presence on social media and relevant real estate websites is also vital. 

“Every one of our listings has a virtual tour attached to it,” explains Dinani. “I think that’s the first touch point that people have to your listing. It’s got to be something that impresses.”


Source: Realtor.ca/blog

https://www.realtor.ca/blog/postpage/14534/1361/steps-for-getting-ready-to-sell-your-home-this-fall

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Welcome to the dog days of summer: the hottest days of the season. It’s so hot out your shirt becomes soaked with sweat and glues itself to your skin—and the humidity is so thick you can almost chew the air! The only haven you have is your home and the cool respite of an air-conditioned room. If you have air conditioning, that is… Luckily, homeowners across Canada are finding ways to cool their living spaces without A/C using guidance from heating, ventilation, and air conditioning (HVAC) experts. 


When you can’t control the temperature inside your home, there are certain tactics to help you stay cool. This includes creating a cross-breeze with strategically placed floor fans; exhausting hot air from your home using bathroom fans; and pushing cool air down by turning your ceiling fan counterclockwise. And if you have a small budget for some minor renovations, or you can justify buying a few useful products, you’ll keep comfortable despite the rising mercury.


Don’t let the summer sun melt the days away, be prepared for the next heatwave. Learn how to keep your house cool without air conditioning by employing the following actionable tips, tricks, and cooling techniques recommended by the pros.  


Keeping your home cool during the day

During the day, the goal is to stop the heat from climbing and maintaining the room temperature. This means finding ways to allow hot air to escape, while filtering out heat sources in your home. For example, shuttering blinds, hanging blackout curtains, and applying a heat-reflecting film to your windows keeps you cooler by blocking out the sun’s heat—turning on the vent fan above your oven or in your bathrooms can also help draw some of the warm air out of your house.

According to Allan Mitchell, HVAC technician at R.E.L. Controls Inc., the key to staying cool without air conditioning is to keep the air moving, “Moving air is drier (less humid), so it feels cooler even though you haven’t actually changed the temperature.” This is best done with fans:

  • Place floor fans on the opposite ends of a room—one blowing in and the other blowing out—to create a cross-breeze and a constant flow of air entering and exiting the space.
  • Turn your ceiling fan counterclockwise to offset hot air as it rises—rather than sucking up and circulating the heat, the fan pushes the air back down, removing the humidity and making it feel cooler in the process.
  • Blow the air from your basement—which is cooler—into the main living space by using floor fans to move the air from one end of the room and up to the next level.

Of course, fans aren’t your only option to regulate the temperature of your home. Try closing bedroom doors to minimize the amount of space you need to cool, and don’t feel guilty about putting off activities on the to-do list that generate heat—for example, doing laundry, vacuuming the floor, and cleaning dishes. 

Keeping your home cool at night

As the sun goes down and the balmy, summer night sets in, the outside temperature will eventually dip below the inside temperature of your home. This is your opportunity to take advantage of what’s considered “free cooling.” Let the fresh air in by opening windows, spreading curtains, and widening blinds—position floor fans to draw the outside air in and circulate it through your house. 

Speaking of “free,” learn how to use thermostats to reduce the cost of your heating bill during the winter.  


Open bedroom doors and maximize the air flow down hallways and throughout each room—once again, create cross-breezes wherever possible to keep the cool air moving. And if that doesn’t do the trick, why not make your own air conditioner? Fill a large bowl with ice cubes and place it behind a table fan; set the fan to static and drape a towel over the back covering the bowl. Admittedly, the ice melts quickly, but before it does, you’re graced with a delightfully cold breeze.


When it comes to cooking dinner, a barbeque is your best friend—nothing cranks up the heat in your home like using the oven or turning on the burners. Plus, everything tastes better off the BBQ. If you don’t own a barbeque, consider meals with little prep work and short cooking times, or treat yourself and order takeout from your favourite restaurant occasionally. 


Leigh Henderson, an HVAC Journeyman with more than20-years’ experience, was adamant about reducing the use of electronics. “Read a book or play a boardgame, ” he said jokingly when asked the best way to keep cool without air conditioning, “and don’t leave the fridge door open.”

Surprisingly, your television, computer, laptop, and other electronic devices generate a significant amount of heat, which is only compounded by the sweltering sun. As for the fridge, the longer you keep the door open, the harder the compressor works to maintain the cool temperature—the harder the compressor works, the hotter it gets inside your home.   

Keep your house cool with these 5 investments

Despite keeping your home cool, air conditioners heat up your utilities bill, and the warmer it gets outside, the more expensive it is to stay comfortable. Whereas, a few key renovations end up cheaper in the long run. If you can justify the upfront expenditure, consider the following five investments to keep your house cool without A/C:

  1. Install a ridge vent on your roof to allow hot air to escape from your attic—for installation, it’s best to hire a professional to prevent moisture damage to your roof and insulation.
  2. Purchase a dehumidifier to keep the humidity out of the air—there are several models available, so do your research to find what’s best for your home.
  3. Replace all incandescent light bulbs with LED alternatives—incandescent bulbs use more electricity (generate more heat), while LED lights are more than 75% energy efficient. 
  4. Buy a digital indoor/outdoor weather station—track the weather and monitor the temperature to pinpoint the ideal times to exploit free cooling.   Employ passive cooling techniques outside of your home—strategically planting bushes, gardens, and even trees help prevent the sun from heating the foundation of your home.
 


Source: https://www.realtor.ca/blog/postpage/14372/1363/how-to-keep-your-house-cool-without-air-conditioning

Realtor.ca/blog

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From the Realtor.ca Living Room Blog:


Buying a home isn’t necessarily something that you can do on a whim—there are months of preparation involved when transitioning from renting to homeownership.

With so many moving parts in play, from loan approvals to placing purchase offers, navigating home buying for the first time can be an overwhelming task. In the age of the coronavirus pandemic, when some real estate processes have changed, buying a home can seem especially daunting. 


Luckily, we’ve developed this handy 12-month calendar for first-time homebuyers that will help to keep you on the straight and narrow when making your home purchase. From the beginning of the process, down to the final months and weeks, we’ll guide you through what you need to do and when. 


12 months out

One year from the time you hope to buy, it’s important to determine how much house you can afford and how much you might need to save in advance.

An online affordability calculator is a great way to get started. Simply plug in your household income, loan payments and living costs, and you’ll get a breakdown of how much mortgage you could possibly take on, plus how big of a downpayment you’ll need. Based on this information, plan for your downpayment and moving expenses, whether it be devising a savings strategy or rejigging your monthly budget. 

Don’t forget to check your credit score as well—mortgage lenders will be looking at this when you apply for a loan. Be mindful lenders will need to see a healthy score within a specific range in order for you to get approved. If you’re not sure how to improve your credit score, make an appointment with a financial advisor. 

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Nine months out

At this point in your home buying journey, envision what your ideal first home looks like. 

Jot down a list of your wants versus your needs. For instance, you want a property with an inground pool in the backyard, but you need a home that has at least three bedrooms and is less than a 45-minute commute to work. Research what neighbourhoods you’d like to live in, and note their characteristics like community amenities, municipal taxes and conveniences. You could even spend some time dropping into virtual or live streamed open houses to get a feel for the homes in the area. If you can’t make it to the neighbourhoods themselves, the map feature will give you a closer look and Google Street View is always a handy tool.


Start budgeting for miscellaneous home buying expenses during this time. Remember, you’ll need to set aside money to cover legal fees, movers, home inspections and other buying-related costs. Begin to contribute to a savings account specifically for home maintenance, and start getting used to contributing to it every month.


Six months out

At the six-month mark, it’s time to start gathering your loan paperwork

Lenders will need information on your income, debts and credit history. In advance of getting your mortgage pre-approval, you’ll need to collect your personal tax returns from the last three years, your most recent pay stubs, bank and credit card statements, loan information and your addresses for the past five to seven years. 


Take some time to research mortgage lenders, and start searching for a REALTOR® to help guide you through the next stages of your home buying journey. From negotiating your offer, to providing you with listings that meet all of your ‘must-haves,’ REALTORS® are a crucial source of information and support for first-time home buyers.

Three months out

Now the saving and research groundwork is done, it’s time to get the ball rolling on buying your first home.

With the help of a mortgage professional, apply for a mortgage pre-approval, which will tell you the maximum amount you’re able to borrow from your lender. It’s important to get your loan pre-approval before you start house hunting, so you’ll know exactly what property price point you should be looking at. 

Your REALTOR® will assist with setting up virtual home showings and virtual or live streamed open houses, and will also regularly send you new listings to look at. 

Two months out

If you find your ideal home after a few weeks of shopping around, get ready to place an offer to purchase. 

Following the guidance of your REALTOR®, determine what offer price you’d like to submit to the sellers, along with any conditional clauses and a closing date. Your REALTOR® will walk you through offer submission lingo and processes, and will find the best strategy for presenting and negotiating your purchase offer to the other party.


Once your offer has been accepted, you might opt to conduct a home inspection for peace of mind on any possible repairs or issues with the property. If major flaws are found, you could be in a position to renegotiate the offer price to cover the cost of repairs, or require the sellers to make fixes prior to closing. 

Final month

In the final weeks of buying a home, you’re ready to tie up any loose ends prior to the closing date. 

Triple-check your financial and lending documents are in order, and touch base with your financial institution to arrange a wire transfer or issue a cashier’s cheque for your closing. Be sure to arrange for home insurance too, and hire a professional moving company if needed. Make sure you have a lawyer to help finalize your closing. Finally, you’ll be entitled to a buyer’s visit at your new home prior to closing. Use this appointment to take measurements, inspect any repairs, and check to make sure the home is in the same condition as when you last saw it.

While the journey to becoming a homeowner can be a long one, this 12-month calendar helps to outline all of the necessary steps you need to take along the way. With this guide in hand, along with the professional advice of an experienced REALTOR®, progressing from a renter to a homeowner can be a seamless process.


Source:  https://www.realtor.ca/blog/postpage/13828/1361/a-step-by-step-guide-to-buying-your-first-home-in-a-year

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What to expect when you're the buyer!



1. Get Pre-Approved

This is an important first step in the home-buying process. You don’t want to start house-hunting and fall for a home you can’t afford. I’m happy to refer you to a mortgage associate to get started. 


2. What You Want 

Now that we know your budget, let’s talk about what you want in a home. First home? Income property? Fixer upper? Location close to work? Downsizing? Space for family? The information you give helps me to personally select listings that will work for you. 


3. The Fun Part

Looking at houses! This should be a stress free activity for you. I’ll have already found places for you to view, booked the appointments, and will meet you there to give a tour. 

With over 10 years working in real estate, I’ve sold hundreds of properties, spent hours with home inspectors and contractors, and have personally renovated over a dozen homes myself. I’ll be pointing out the positives and also the possible issues with homes we’re viewing, to help you make the most educated decision on your purchase. Have questions about putting in a basement suite? Changing the format of the kitchen? Installing a garage? Just ask!


4. Making an Offer

When you find a home that you’re ready to purchase, we’ll work together on an offer. I’ll prepare all of the paperwork, and send it to you electronically through Authentisign. You can sign these documents right from your mobile device, so you can be anywhere at the time.

I’ll negotiate for you in your best interest, always working to get you the best deal possible. The seller may also want to negotiate and send a counter offer. Be prepared to compromise a little if you really love a home. $4,000 extra on your mortgage doesn’t actually amount to much on your monthly payment - as long as the price is within your budget in the first place.


5. Closing

The sale of a home will often have conditions (financing, an approved home inspection, etc.). You may have more paperwork to complete with the mortgage associate, and this should be completed right away. If you require a home inspection, I will schedule one for you with an approved inspector. You’ll also be required to purchase home insurance for the property as soon as the sale is final (the conditions have been removed and your “to do list” completed).  At that time, you’ll need to finalize paperwork through a real estate lawyer. I can refer you to a lawyer my clients frequently work with if you don’t have one already. If you have any questions, don’t hesitate to ask! As a Realtor, I’m with you every step of the way in your home buying journey. 


6. Check out the Home Buyer’s Road Map!

https://www.realtor.ca/resource/homebuyers_road_map.pdf

For more information, click on the link from the Realtor.ca website. 

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Tidy up the garage, clean the patio furniture or finally get around to that DIY project…we all have a list of projects around the house that seems to grow faster than you can finish it.

Now that you might be spending more time around the house, why not use this as an opportunity to start a new project or get around to a few of those chores you’ve been putting off? To help you get started, we’re sharing a list of around-the-house tasks for a quiet or rainy day. 


1. Tidy the garage

The ultimate “I’ll do it one day” project: cleaning out the garage. Start this project on a dry day so you can pull everything out onto the driveway or the lawn. Set aside what you want to get rid of and organize it into three piles: toss, donate and sell. Group what’s left by category (for example, sporting goods, tools, luggage, paint or kid’s items). 

Once the garage is empty, use kitty litter, sawdust or cornmeal to soak up any grease or oil. Sweep it up and then use dish detergent, water and a scrub brush to clean any stains. When repacking the garage, put less-used items on harder to reach shelves or in labelled storage containers, while keeping frequently used items in sight and easy to access. 

2. Soundproof a room

If your house is currently functioning as a home office, classroom and doggy daycare, you’re probably finding out exactly how soundproof each room is. Fortunately, there are some easy ways you can minimize sound travelling between rooms without making permanent changes. Hanging drapes, adding rugs and carpets, setting up a bookcase or investing in new doors are some solutions. Get more tips in our post about six easy ways you can soundproof a room.

3. Boost the Wi-Fi signal in your home

Whether it’s the basement, backyard or corner bedroom, there’s likely a space in your home where the Wi-Fi doesn’t work properly. To improve your online experience around the home, try putting a password on your network, using a router with four or more antennas or getting a signalbooster. To find out more about what might be causing your wireless woes and how to fix them, read our comprehensive guide to choosing the right Wi-Fi for your home.


4. Clean your patio furniture

Whether you store your patio furniture inside, cover it up with a tarp or leave it outdoors to brave the elements, your patio furniture is probably in need of some TLC before the summer season. Use soapy water and a soft brush or sponge to clean dirt and dust off your metal, wicker or wooden patio set (to avoid scratches, be sure to not use anything abrasive). 

If your patio set has cushions with removable covers, follow the washing instructions on the tag. For cushion covers that can’t be removed, use soap and water to scrub dirt and stains and leave cushions outside to dry.


5. Reupholster a chair

You might think that reupholstery projects are best left to a professional, but with some simple instructions and basic tools, you can bring new life to a treasured piece in just a few hours. Plus, you can use up fabric you might already have around the house like an old set of curtains, denim or other scraps. 

To set yourself up for success, start simple by choosing a chair or cushion with straight lines. Next, read our guide to DIY upholstery to find out what tools you’ll need and how to get started.


6. Set up your smart home

Maybe you never got around to setting up your smart washing machine, or maybe you want to be able to turn the kettle on from your bed. Smart appliances or smart add-ons can make those everyday chores easier and safer. Read our guides to smart appliances and smart home hubs and devices, and you won’t have to worry about whether or not you turned off the oven before leaving the house again. 


7. Purge your closet

Does it fit? Do you love it? Do you wear it? If you can answer “no” for any item in your closet, it’s time for a purge. Follow our guide to Kondo-ing your clutter to find out how to clean out and reorganize your closet to keep it functional and organized. If your local clothing donation location (like Goodwill or Salvation Army) is currently closed, fold and pack away clothes in clean, tightly-sealed plastic bags so they don’t get dusty and donate items once it’s safe to do so. 

8.  Refresh your home with paint

If you’re looking for an easy DIY project with a big impact, think about painting a room, touching up the trim or adding a pop of colour by painting a door. Contact your local hardware or building store for information about curbside pickup for painting supplies, or try online paint shop Digby to get supplies delivered to your door. To help you pick the perfect colour, check out our favourite paint colours for spring or this guide to choosing a colour to increase productivity, promote calm or boost creativity levels. 

Whether you spend a few hours or a few days working on projects around the house, you’re sure to enjoy your next Netflix binge even more knowing that you’ve crossed a few items off your to-do list.


Source:  Realtor.ca/blog

https://www.realtor.ca/blog/postpage/13426/1363/8-around-the-house-projects-to-tackle

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With summer officially approaching, now’s the time to start creating a blueprint for the backyard reboot of your winter-weary dreams. Make the most out of your outdoor space this summer by bringing your kitchen outdoors and growing your own cocktail ingredients.


Whether you gather around a custom-built fire pit with s’mores or sweat it out in a barrel sauna, a little work now will mean a lot of relaxation in the not distant future. 


Grow your own cocktail ingredients

Hopping on the farm-to-table bandwagon, garden-to-glass cocktails will elevate your reputation and mixology abilities. When it’s safe to host again, you’ll be well-practiced and confident in your bar menu. Whether you choose to get deeply botanical with infusions and “shrubs” or keep it simple with ready-to-pluck mint and Thai basil, cocktail gardens can be as minimal or extensive as your liquor cabinet. 


Take-out pizza: the real deal

If you want to engage in a labour of love that will return the favour, upgrade your outdoor kitchen from a generic barbecue to a showstopper pizza oven. There are several online tutorials that will satisfy all skill levels, budgets and design tastes from rustic to elaborate. For a quick and portable fix, you can order an Ooni Koda. Fueled by propane, the Koda oven reaches 500°C in minutes, and you’ll have a piping pizza pie at the ready in 60 seconds. 


S’mores headquarters

Before you create your vision board, make sure to check with your municipality’s fire regulations and permit requirements. If you live in a wooded area, be mindful fires can burn deep below the surface and ignite tree roots. A 5-inch base layer of crushed gravel is advised. Like pizza ovens, fire pits can be built using natural stone, fire pit blocks or metal fire rings. Hard rocks like granite or lava rock won’t crack under extreme heat. Building centres carry complete kits with palletized stone (pre-sorted stone of uniform size) and DIY divas can learn how to lay capstone and build custom Muskoka chairs for the entire family.

Gas and propane-fuelled fire pit tables are popular for their mess-free instant gratification (no wood! No ash! No smoky clothes to launder!) while freestanding copper fire bowls create a natural and artistic focal point. 

Need help choosing the right fire pit or location for your outdoor space? Check out Your Guide to Outdoor Fireplaces


Let off some steam

Outdoor saunas can be a timeless addition to a backyard space. They can be used year-round and the health benefits make them a sound wellness investment. Lady Gaga and much of Finland swear by them. The design options jump from traditional to panoramic to white cedar barrel saunas with miniature porches. However, with a little sweat equity, friends will be eager to join you once it’s safe to do so. And, even more so when your backyard reboot is complete!


Open air shower or cowboy bath?

If you don’t have a lake in your backyard to jump into after cutting the grass, how about building an outdoor shower? It can be enclosed or open-air, making the set-up even simpler. All you need is an accessible water source, weatherproof wood and sufficient drainage away from your house.

Prefer a soak? “Cowboy tubs” are traditionally galvanized livestock water troughs or stock tanks and they are a fun off-grid amenity gaining popularity on Airbnb listings. Copper tubing makes the magic happen and with a little fire-tending patience, you’ll have a one-of-a-kind hot tub to soak in. With a garden-to-glass cocktail in hand, of course!

Backyard reboots can be achieved with any budget and a little ingenuity. Remember, you’re investing in relaxation and serenity, which is priceless!Looking for more ideas on how to transform your backyard into the ultimate retreat? Check out these suggestions for me-time she sheds, and big impact upgrades for your patio, porch and balcony too.


Source: Realtor.ca/blog

 https://www.realtor.ca/blog/postpage/13310/1367/creating-a-backyard-space-that-you-won%E2%80%99t-want-to-leave

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As temperatures begin to rise, there’s nothing more rewarding than packing away your winter gear and tackling spring cleaning projects. Plus, now that we’re spending more time at home than usual, it’s the perfect opportunity to check off those often forgotten items on your cleaning to-do list. 

To help you take it step-by-step, we’re sharing 12 ways to deep clean for spring with tips from cleaning expert Melissa Maker. Whether you do two or ten projects from this list, your home is sure to feel fresh and ready for spring. 


In the kitchen

  1. Remove your oven racks and scrub them in the sink with soapy water. For a natural way to clean the inside of your oven, mix three-quarters of a cup of baking soda with a quarter-cup of water, spread the paste inside your oven and let it sit overnight before wiping it clean.
  2. Clear out your refrigerator, dispose of the expired items and wipe down all the interior surfaces with your favourite cleaning solution. Remove and soak any shelves with stubborn spills.
  3. Check the filter at the back of your dishwasher, pop it out and clean it in the sink (check the manual if you can’t find it). Next, put approximately two cups of vinegar in a container on the top rack and run the dishwasher on the hottest setting to make it shine.
  4. Tidy and organize the area underneath your sink. “It’s a very forgotten area and a really easy task!” says Maker. “Remove everything, and select only the things that are important to put back. While the area is still empty, wipe out the bottom of the cabinet and place a shelf liner on the bottom. This prevents the base of the cabinet from being damaged.”

In the bathroom 

  1. If you have a shower curtain or liner, check for any mold or mildew. Either opt for a new liner, throw it in the washing machine (some types are washable) or scrub it with a brush and soapy water before rinsing it clean.
  2. To clean the tub, tiles and grout, Maker recommends a DIY scrub of equal parts baking soda and dish soap. “Apply the scrub with a non-scratch sponge, let it sit for a couple of minutes and then scrub in an S-pattern. Rinse well and dry with a microfiber cloth,” says Maker.
  3. Tackle the toilet. First, use a small head vacuum tool to remove dust and hair from around the toilet base. Next, start from the top down by spraying the toilet with a disinfecting cleaning solution. Let it sit for a few minutes and then wipe it clean with a rag.
  4. Don’t forget your bathroom accessories. Empty any toothbrush holders, soap dishes or accessory trays and wash them with soap and water or put them in the dishwasher. 
  1. If you live in an area with hard water, a chalky layer of limescale can quickly build up on your taps and shower heads. To get rid of it, try using a one-to-one solution of water and vinegar to soak your shower head and faucets overnight. In the morning, use a hard-bristled brush to scrub away what’s left. 

Living area and other leftovers 

  1. Give your sofa a deep clean. “Dust settles on the fabric, so while you may not see it, it’s actually there!” says Maker who recommends removing the cushions and vacuuming with a crevice tool attachment to suck up crumbs and dust. “Use the same tool to vacuum the sides, base and top of the upholstery. Lastly, vacuum all of the cushions before you replace them.”
  2. Refresh your baseboards. First, run a vacuum with a soft tool attachment along your baseboards to remove dirt and dust. Next, use a damp sponge soaked in soapy water to scrub away any scuff marks or spills. Wipe dry with a clean cloth.
  3. Finally, get ready to enjoy the sunshine by cleaning your blinds. Start by using a vacuum with a soft brush head if you have it. Next, use a microfiber cloth to wipe off any remaining dust. For stubborn dirt and grime, use a cloth or sponge damp with soapy water.


Source:  Realtor.ca

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Nutana, Saskatchewan: A Riverside Legacy

By Jules Torti @ Realtor.ca

April 6, 2020


Nutana is an affordable, gentrified neighbourhood conveniently located near the hustle of SaskatoonSaskatchewan. The main artery and cultural heartbeat is found along Broadway Avenue. Bounded by 8th Street to the south, Clarence Avenue to the east and the South Saskatchewan River to the west, Nutana’s grid system is fool-proof. Avenues run north to south and streets run east to west. In 2019, the area was home to 6,158 residents — a modest jump from the mere 70 people who lived here in 1883.


Did you know?

  • The Broadway Theatre is Canada’s only community-owned non-profit repertory cinema. The 430-seat venue has a rotating lure of date night options including arthouse films, live music, theatre and dance. To boot, its 88 solar-panel array (the third largest in the province) is expected to generate 50% of the building’s electricity needs.
  • At nearby Black Fox Farm and Distillery, the cut-flower farm grows 90% of the ingredients necessary for their gin, liqueur and vodka production. Canada’s preeminent on-farm distillery is a wink back to the Temperance Colonization Society, a group of Toronto Methodists who were the first to permanently settle here. Black Fox’s Gin #3 is a marriage of 15 different spices and flowers with floral notes of calendula flowers and rhubarb.
  • Urdu, or Lashakri, the official national language of Pakistan, is the second-most prevalent language spoken in Nutana, after English (2016 Census).

Housing market

The heritage-rich riverside neighbourhood is considered a middle to upper-income area, with a median personal income of $47,870, and a homeownership rate of 51.5%. In 2017, Nutana was ranked No. 1 on rentfaster’s Most Popular Saskatoon Neighbourhoods to Live In because of its modern vibe, energy and spotless beauty. In 2019, stats from the City of Saskatchewan, Assessment and Taxation indicated a single-family dwelling average of $541,668 while low-rise apartment condos reached $315,107 (2016 census). According to 2019 MLS data, the average sale price of a home was $467,841.
 

Where to live

The newest coveted address is the Escala development (2020). The two or three-bedroom floor plans offer 1,088 square-foot balconies with uninterrupted river and city views. Nutana’s proximity to the University of Saskatchewan means it’s a hotbed for student rentals. College Quarter residences are located here due to a high walkability score, pub scene and easy access to several bus routes.
 

What to do

  • A visit to the Marr Residence, a national historic site, is a genuine treat for architecture addicts. Built in 1884 for stonemason Alexander Marr as part of the Temperance Colony, it was a two-storey pioneer dream home with a mansard roof and hardwood floors. The house served as a temporary field hospital after the Battle of Fish Creek.
  • Though Saskatoon is better known for its spudnuts (potato doughnuts), shishliki (marinated lamb skewers), pickerel cheeks and Saskatoon Berry Pie, why not grab a pint of Sumac Hazy Pale Ale from the local, High Key Brewing, at the Yard & Flagon on Broadway (Saskatoon’s first rooftop patio)? Try the provincially iconic jerk dry ribs and fried pepperoni chips (served with cheddar cheese and pizza sauce).
  • Don’t miss the annual Meewasin Pelican Watch (March). Guess the date and time of the first pelican to touch down between the CPR Bridge and The Weir to win a $500 prize pack! Once endangered, the pelicans have graced the South Saskatchewan River since the late 1970s.


Source:  https://www.realtor.ca/blog/postpage/12448/1364/nutana-saskatchewan-a-riverside-legacy

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With technology on our side, there are so many ways to conduct business safely. Here are some of the specific ways we are #stayingsafe in real estate.


Consults Over the Phone - Dicuss your real estate goals and needs over the phone with me. At a time convenient to you, we will create a marketing plan to sell your home, or create a plan to find you the home you're looking for in a safe way.


COVID-19 Waiver - There is a required form for both buyers and sellers before conducting any real estate business. This short survey takes only a minute and can be completed from your mobile phone.


Virtual Tours - Many listings have virtual tours where you can view a home right from your mobile device or computer. 


In-Person Tours - With physical distancing protocols, some homes may be viewed in person after the waiver is completed. I provide booties and gloves to clients before entering. No surfaces are to be touched inside the home, and I ask to keep a safe distance between the client and myself. If you have a mask, feel free to wear it. There are homes for sale that are vacant which makes viewings easier.


Sign Electronically - All documents are signed electroically. The program I use is Authentisign - it's simple to use, and forms can be signed right from your mobile device. This service is completely free for the client.


E-Transfer Deposits - Your deposit to purchase a home can be completed by e-transfer sent to the brokerage.


Home Inspection - The home inspection report is sent to you electronically, with any questions answerd over the phone.


Possession Day - When the paperwork is finalized, the keys to your new home are delivered right to you. 



As always, feel free to contact me with any real estate questions you may have.


#staysafe

#stayhealthy



Kevin Leuschen



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Five years ago, you couldn’t turn on an episode of House Hunters or Love It or List It without hearing the words ‘granite countertops’ repeated ad nauseam. Second only to ‘open-concept’ (my personal observation as an avid viewer of HGTV), the home feature continually ranked near the top of buyers’ wishlists. 

But the conversation began to shift around 2017, when manufacturers of man-made quartz really stepped up their marketing game. Granite was knocked off its throne and became the subject of articles with headlines like, “This Longtime Kitchen Trend Is Officially Out.” 


But the clout of granite has not faded entirely, at least according to a recent survey by Point2 Homes. In 2019, ‘granite countertops’ ranked as the most popular home feature touted by agents in real estate listings across the United States. Is it popular because it’s a now-ubiquitous design trend or because it’s still valued by home shoppers? While that question remains unanswered, what we do know is the top three home features were consistent among all regions and price points. 


‘Hardwood floors’ came in second place, followed by ‘stainless steel appliances,’ yet another former kitchen upgrade that is now considered a must-have. ‘Open floor plan’ was the fourth most popular keyword among luxury and non-luxury listings, and ‘fenced backyard’ ranked fifth, unsurprising for a feature that’s advantageous to families with children and pet owners.

Real estate agents were also keen to advertise ‘covered patio,’ which provides shade from the sun or shelter during inclimate weather. Anyone who’s ever had to deal with soaking wet outdoor furniture can probably see the value in that. Next on the list came ‘vaulted ceilings’ (more room for a 12-foot Christmas tree, I guess), and ‘formal dining room’ took the number eight spot.

 

Rounding out the top 10 were ‘new roof’ — an enticing selling feature as a replacement costs between $4,707 and $10,460, according to data from HomeGuide — and finally, ‘natural light,’ which is known to increase productivity and regulate sleep cycles. 

If you’re thinking of putting your home on the market anytime soon, consult the full list of the most popular features and amenities to add some SEO sizzle to your online listing.



Source: Livabl

https://www.livabl.com/2020/01/granite-countertops-popular-feature-home-listings.html

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Financial Post

March 5, 2020

Purchasing a property with the intention to turn it into an Airbnb can be risky. It's important to do your research and ask the right questions before you invest.


This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.


The rise of Airbnb may have you thinking about potential investment opportunities in the vacation rental market. Airbnb has made the idea of buying a property solely to turn it into short-term housing an interesting proposition. However, that strategy is not without risk. When it comes to Airbnb ownership, there are a handful of important questions you should ask yourself:

WHAT KIND OF INVESTOR DO YOU WANT TO BE?

There are plenty of ways to run a rental property, and they all have their own strengths and weaknesses. Do you want to be an active investor who spends a great deal of time maintaining the property to get those glowing user reviews? Or is kicking back and being a passive investor more your speed? Given how reviews can make or break an Airbnb property on the platform, playing the Airbnb game is much more suited to the active investor.

CAN YOU MANAGE THE PROPERTY?

Going off the importance of reviews, being able to keep a property in tip-top shape is vital for getting users to recommend your property and help it stand out on the platform. Can you keep the space clean and stocked with essentials like toiletries and linens? Can you delight your guests with fun recommendations or a tasty meal on the house? If not, it might be worth hiring a property manager to make sure your space wows your guests, though that will definitely cut into your bottom line.

 



Source:  Financial Post https://business.financialpost.com/personal-finance/taxes/what-you-should-consider-before-purchasing-a-rental-or-airbnb-property

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Investing in real estate can seem scary at first. After all, a house is likely the biggest purchase you’ll ever make. So if you’re nervous don’t worry, because you’re not alone.


In my opinion, the best way to handle these first-time jitters is by starting small. If you’re scared of investing in real estate because you don’t want to lose everything I have a really simple solution: don’t risk everything.


I hear stories all the time of people who have put everything on the line by quitting their jobs and investing in major house flips. This is a terrible idea! Being successful in real estate, and any business, really, isn’t about making giant leaps. It’s not about getting rich quickly. Truly successful people are deliberate, decisive and strategic. They’re cautious and they look for warning signs. They take small but significant steps. And they take them continuously.


Dipping your toe in the real estate pool by renting out your basement to a friend, or investing in a rental property with a few partners, is a great way to test the waters and start to learn the business of real estate investing without taking on a ton of risk. And not just that.  Taking on partners on projects can minimize your risk, but it can also provide you with a support team to share in the successes and failures while you’re learning. As far as I’m concerned, it’s a win-win.


If that’s still too much, an even smaller step is to rent out your home while you’re away. Sites like Airbnb have made it easier than ever to make money from your home, and their review system helps to minimize some of the risks by giving you confidence about who you’re renting to. This is a particularly great option for people who live in popular tourist areas. When you live in a high-demand area – a city centre for example – you can always find people to rent your home when you’re away on vacation or business. And ultimately you can decide not to rent to someone if their profile doesn’t give you 100% confidence. 


Remember, you don’t have to make a huge commitment to get started as a real estate investor. There are more options now than ever before, so start small and then take bigger steps once you have more experience.


Source: Scott Mcgillivray

https://scottmcgillivray.com/afraid-to-invest-in-real-estate-start-small/

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And this good advice doesn’t cost you a nickel, says Saanich mortgage broker


Is it time for your mortgage checkup?


After signing a mortgage document, many homeowners forget about it until five years later, when they receive a call or letter saying it is coming due for renewal. But your mortgage needs regular attention, says Brenda Joynson, a Mortgage Consultant with Mortgage Depot in Saanich.


“If you experienced changes in your physical health, you would go see your doctor. With changes in the mortgage world, including the Stress Test, your mortgage broker or banker can find new ways to improve your financial health,” she says.


Here’s five good questions to ask your mortgage professional:

  1. Do the Stress Test rules apply to me? This test was designed to ensure borrowers would be able to pay the loan if interest rates rose. But did you know the rules do not apply to mortgage renewals, as long as they are with the borrower’s existing lender? You may even be able to move your existing mortgage to a new lender to take advantage of better rates, without having to apply the stress test.
  2. Does refinancing make financial sense to access my equity for other things? Even with mortgage payout penalties, your savings could be significant. That could help you increase cash flow by eliminating credit card balances or lines of credit. This would allow you to increase your mortgage payment and pay it off faster to save interest. Perhaps your properties need maintenance, or you’re considering a renovation to enhance its value and/or rentability? Leveraging your equity can also play an important role in successful investing.
  3. Is there room for improvement in my mortgage structure? If you own more than one property or want to pursue tax-deductible investments, changing your mortgage structure can save you money at tax time. For example, many multi-level mortgage products allow you to separate non-deductible mortgage payments from your deductible mortgage interest.
  4. When should I lock in my variable-rate mortgage? Current fixed rates are often lower, so if you plan to keep the property, it’s worth having your professional do a comparison between fixed rates and your current variable rate. A key consideration are the penalties charged for breaking the mortgage contract early.
  5. How can I pay my mortgage off faster? Mortgage payments determine amortization length: the higher the payment, the lower the amortization; the lower the payment, the longer it takes to pay the mortgage off. One strategy worth looking at is extending amortization on revenue properties and reducing it on your residential mortgage.

If you have other mortgage questions, an annual mortgage check up might be just what the doctor ordered, Joynson says. Best of all, it doesn’t cost you anything!


Source: Saanich News https://www.saanichnews.com/marketplace/5-questions-that-could-save-you-thousands-on-your-next-mortgage/

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Buying a house can be an exciting, but complex process. So when you embark on your journey, one of your first stops should be familiarizing yourself with the lingo.


We've curated helpful information from our Homebuyers' Road Map and Tips for Buyers, to share with you some of the most important terminology a new buyer needs to know—from pre-purchase to post-purchase.


Before you buy

First things first, you need to find yourself a REALTOR®. A REALTOR® can bring you peace of mind thanks to their experience and professionalism. From helping you find a home that meets your needs and price range, to negotiating your purchase price, directing you through complex contracts, a REALTOR® is an important part of your home buying journey. 

While it's exciting to start visiting open houses, you must first determine how much a mortgage lender is willing to let you borrow to purchase your first home. Your mortgage is a loan that can help you cover the cost of buying a home. How much you're able to borrow will depend on factors including your total current debt, monthly household income, how long you’ve been at your current job and how long it will take you to pay it back: Introducing the amortization period. A longer amortization period means lower monthly payments but higher interest rates. 


Mortgage lenders use Principle, Interest, Taxes and Heating (PITH) as a tool to ensure mortgage affordability by determining the monthly payments that can be made by the home buyer. The REALTOR.ca mortgage affordability calculators can help you perform your own PITH test to estimate affordable mortgage payments.

When taking out a mortgage, home buyers grant the bank a lien on the property. This gives the bank the right to seize your property in the event you don't repay your mortgage.


Types of mortgages: 

  • Fixed-rate mortgage: Your interest rate is locked in for a specified period called a term. Your payments stay the same for the mortgage's term so you will not pay more even if interest rates increase over time.
  • Variable rate mortgage: The rate of interest you pay may change if rates go up or down.
  • Conventional mortgage: Requires a down payment of 20% or more of the property's value. You're not required to get mortgage default insurance with a conventional mortgage.
  • Closed mortgage: The mortgage cannot be paid off early without paying a prepayment charge.
  • Open mortgage: A mortgage that can be paid off at any time during the term, without having to pay a charge. The interest rate for an open mortgage may be higher than for a closed mortgage with the same term.

Now that you know how much you can afford, your REALTOR® can help determine what type of neighbourhood you want to live in and what type of house you want to buy.


Buying a home

You've found your dream home…now what? It's not time to pack your bags just yet. There are many expenses you must consider beyond the purchase price (the price you're willing to pay for the house). 

You need to consider how much of a down payment you can afford. This refers to the initial up-front portion you pay against your home purchase. The larger the down payment, the smaller your mortgage. Are you a first-time home buyer with a Registered Retirement Savings Plan (RRSP) account? You can now withdraw up to $35,000 without paying income tax through the Home Buyers' Plan.


Other factors you may want to consider at this stage are:

  • Property taxes: This annual fee, imposed by the local government, pays for services like public education, local police and libraries. 
  • Home insurance: This is a form of property insurance protecting you financially in the event of damages or losses to your home and its contents. In most cases, you can include these payments in your monthly mortgage payment. 
  • Home inspection: Even if the home appears to be flawless, many home buyers arrange a home inspection as a condition of their purchase. Hiring a professional to inspect the overall condition of the home can cost a few hundred dollars, but can reveal any serious defects.

Now that you have figured out all of the costs associated with your purchase, you're ready to make an offer. An offer to purchase is a formal, legal agreement made between the buyer and seller which often contains certain conditions. This is commonly known as a conditional offer and includes factors that must be met in order for the sale to be successful such as financing terms, appliances and fixtures, inspections and the physical condition of the house. 


Generally, the seller has between 24 and 48 hours to accept, reject or counter-offer. This is known as irrevocability of the offer, the length of time the seller has to consider your offer. 

Once your offer is accepted, you will need to determine your closing costs. This includes your mortgage broker's fee, real estate commissions, moving costs, title insurance—an insurance policy protecting you against challenges related to the title of your home—and more. 


While there's a lot more lingo in the real estate dictionary, hopefully you now have a better understanding before taking plunge into one of the biggest single purchases you’ll ever make. These resources available on REALTOR.ca may also help you along your journey to homeownership:



Source: Realtor.ca/blog

https://www.realtor.ca/blog/postpage/11596/1362/real-estate-terms-cheat-sheet

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The Canadian Real Estate Association says sales were slightly lower than November, but way up year-over-year


The Canadian Real Estate Association says home sales in December were up 22.7 per cent compared with a year ago when sales were relatively quiet.


The association says sales in the final month of 2019 were up compared with a year ago earlier across most of Canada, including all of the largest urban markets.


On a month-over-month basis, home sales in December were down 0.9 per cent.


The decline ended a streak of monthly gains that began last March.


The actual national average price for a home sold in December 2019 was about $517,000, up 9.6 per cent compared with a year earlier.


Excluding the Greater Vancouver and Greater Toronto Area, two of the country's most expensive and active housing markets, the average price of a home sold was about $400,000, up 6.7 per cent compared with December 2018.


The obvious follow-through from this increasingly tight market is that prices are starting to respond," said Douglas Porter, chief economist for BMO Economics.


"The MLS Home Price Index, which adjusts for shifts in the types of homes purchased, rose 3.3 per cent year over year. While that seems mild, it's a big pick-up from the outright declines reported in the first half of the year and is now running at its fastest pace in almost two years."


Source: CBC news https://www.cbc.ca/news/business/december-home-sales-crea-1.5427587

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Have you ever considered building a skating rink in your backyard, but didn't quite know where to start? With so much to think about we spoke with two outdoor rink hobbyists, Devon Kunkel and John Houghton, to see what's needed to accomplish this wintry project.


Since all backyards are different, there's more than one way to create an ice rink. For example, Devon lives in a residential area and used purchased materials to build his, while John's rink receives extra help from Mother Nature thanks to his rural location (his yard partially floods each November). 


Timing and location

While you're waiting impatiently for winter to arrive, determine the rink's size—16 feet wide by 24 feet long, for example. Before the ground freezes solidly (it's OK if just the top half inch of soil begins to harden) is the best time to put your rink's perimeter in place. This also ensures your grass is dormant and avoids smothering it. If you wait until after it snows, you'll have to shovel or hope for a thaw before installing the perimeter.

When choosing your rink's location, consider how water drains from your yard. Avoid an area that will drain towards your home or your neighbours' and remember, flatter is always better. While you want to select a flat area away from your house, you want it to be close so a hose will reach, and where exterior lights can provide adequate coverage for night skating. If there's a slight slope, the 6” high boards should be enough to handle the increased ice depth at the lower end.

Pro tip: Before starting anything, always check with your municipality to determine if any bylaws or restrictions might affect your dream rink. Some municipalities require a permit to build one.

Materials

To start, you'll need rink-building materials, plus a few essentials to maintain your ice. Devon says a good quality hose, rated for winter use and long enough to reach the farthest ice with a spray attachment, is extremely important. A snow scoop and push shovel are ideal to clear snow accumulations. 

Complete rink kits, ranging from $80 to $700 or more, are available through national retailers, but if you'd like to build it yourself, these materials will do the trick for around $200 to $250 (excluding tools):

  • 2” x 6' pressure treated boards (which usually come in 8 foot lengths)
  • 2” x 2' pressure treated boards, cut to 8” lengths and tapered at one end
  • tarps or heavy plastic sheeting — use a single sheet that overlaps the entire area
  • 3” brass wood screws
  • cordless drill
  • mitre or hand saw
  • rubber mallet

Assembly

  1. Measure your area and set your perimeter boards, placing three stakes per 8-foot length.
  2. Beginning with the first board, hammer the stakes two inches deep into the ground.
  3. secure each board to the stakes using two screws per stake, ensuring all boards fit snugly end-to-end.
  4. Stretch and flatten your tarp or plastic sheeting across the area so it covers and overlaps the perimeter.
  5. Use your hose to fill the tarp with water to a minimum depth of two inches. 
  6. Allow the water freeze completely then hit the ice!

Pro tip: If you time your assembly just before a heavy rainfall, Mother Nature will help fill the rink for you.


Accessories

You can't forget about providing a spot to change into your skates. Folding or camp chairs are perfect for this, as you can place the back legs over the boards to keep them secure. Plastic patio chairs are also perfect supports for novice skaters as well, because they have a wide base and slide easily on ice.

If you're a hockey family, nets are a must. If lighting is a concern, this can be solved by installing posts before winter and securing outdoor floodlight fixtures with extension cords. A selection of halogen or energy-efficient LED plug-in outdoor floodlights can be found at your local hardware store, starting from about $50, including fixtures and bulbs. John says snowbanks from shoveling are perfect for the kids to make their own benches and double as natural hockey stick racks.


Maintenance

To keep your ice in tip-top shape, shovel promptly after each snowfall. Snow insulates and can stick to the ice in milder temperatures. Use your hose to evenly cover the ice with water. For best results and to prevent sheet ice—which is thin, brittle layers of ice—Devon recommends using the hose attachment's mist setting because it adheres evenly to the existing ice without creating a separate layer. 

Make sure to store the hose someplace warm after each use and turn off outdoor taps from inside, with the external valve open to avoid freezing pipes.


Spring

The rink ice should melt gradually with the snow each spring. As soon as the ice is thawed you can remove a section of the perimeter to drain the water. Be sure to pull up the tarp before it gets too warm so the ground can dry out and aerate. John says there should be no lasting damage as long as the rink is installed and removed while the grass is dormant.


From planning to takedown, by following these tips, your family is sure to experience hours of active, outdoor enjoyment through the winter. Happy skating!


Source: Gord Brown @ Realtor.ca/blog


https://www.realtor.ca/blog/postpage/11576/1367/build-your-own-backyard-skating-rink

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Jamie Golombek: For one, there's an increase to the basic personal amount Canadians can earn before facing federal income tax

This week, the government announced increases to the basic personal amount for 2020 and subsequent years beyond the normal inflationary adjustment. Let’s review the changes to the BPA and also take a look at some of the new tax numbers coming for 2020.

ANNUAL INFLATION ADJUSTMENT

Each year, most (but not all) income tax and benefit amounts are indexed to inflation. In early December, the Canada Revenue Agency announced that the inflation rate that will be used to index the 2020 tax brackets and amounts will be 1.9 per cent. This rate was calculated by taking the percentage change in the average monthly Consumer Price Index data as reported by Statistics Canada for the 12-month period ended Sept. 30, 2019 relative to the average CPI for the 12-month period ended on Sept. 30, 2018.


Increases to the tax bracket thresholds and various amounts relating to non-refundable credits take effect on Jan. 1, 2020. Increases in amounts for certain benefits, such as the GST/HST credit and Canada Child Benefit, however, only take effect on July 1, 2020. This coincides with the beginning of the program year for these benefit payments, which are income-tested and based on your prior year’s net income, as reported on your 2019 tax return.


TAX BRACKETS FOR 2020

For 2020, we will continue to have five federal income tax brackets, but they will all be indexed to inflation using the 1.9 per cent rate. The 2020 federal brackets will be: zero to $48,535 of income (15 per cent); above $48,535 to $97,069 (20.5 per cent); above $97,069 to $150,473 (26 per cent); above $150,473 to $214,368 (29 per cent); and anything above that being taxed at 33 per cent. Each province also has its own set of provincial tax brackets, most of which have also been indexed to inflation, but using their respective provincial indexation factors.

BASIC PERSONAL AMOUNT (BPA)

The biggest change for 2020 will be to the BPA. The stated purpose behind the BPA is “to help all Canadians cover their most basic needs” by imposing no federal income tax on a certain amount of income that an individual earns. The 1966 report of the Royal Commission on Taxation (known more commonly as the “Carter Commission”) concluded that “the first dollars of income should not be subject to tax.”


The Commission argued that “clearly the fraction of income available for discretionary use is extraordinarily small for a (low-income) family” and noted that “such a family (also) bears sales and property taxes that are disproportionately large relative to its ability to pay.”

The BPA is the mechanism used to ensure that no tax is paid on a certain amount of basic income and is $12,069 for 2019. This means that an individual Canadian taxpayer can earn up to this amount in 2019, before paying any federal income tax.

For taxpayers earning above this amount, the value of the federal credit is calculated by applying the lowest federal personal income tax rate (15 per cent) to the BPA, making it worth $1,810 in 2019. (Because the credit is non-refundable, it’s only worth the maximum amount if you otherwise would have paid that much tax in the year.) In 2017, the most recent tax year for which we have publicly-available data, nearly 27 million taxpayers claimed the BPA.

Each year, the BPA is indexed to inflation, meaning that for 2020, the inflation-adjusted BPA would have been $12,298 (i.e. $12,069 X 101.9 per cent), absent this week’s announcement. On Monday, the government announced that it is moving forward with its proposal contained in the Liberal election platform to increase the BPA, gradually, to $15,000 by 2023. For 2020, the new BPA will be $13,229. It will rise to $13,808 in 2021 and $14,398 in 2022.

But the increase in the BPA won’t apply to everyone as it will be phased out “for wealthy individuals … to ensure that this tax relief goes to the people who need help most.” Specifically, the increase in the BPA would be gradually reduced, on a straight-line basis, for taxpayers with net incomes above $150,473 (the bottom of the fourth tax bracket for 2020) until it has been fully phased out once a taxpayer’s income is over $214,368 (the threshold for the top tax bracket in 2020), to ensure “the wealthiest Canadians would not benefit from this proposed change.” These high-income taxpayers would simply receive the existing BPA, which will continue to be adjusted annually for inflation.

According to the government, the increased BPA translates to lower taxes for close to 20 million Canadians and once fully implemented in 2023, would save individuals nearly $300 in additional taxes beyond the inflation-adjustments annually. It would also relieve an additional 1.1 million Canadians from paying any federal tax. The cost of the increase to the BPA is projected to be $25.2 billion over the next five years.

CANADA PENSION PLAN CONTRIBUTIONS

CPP contribution rates for employees and employers will each increase to 5.25 per cent in 2020, up from 5.1 per cent in 2019. If you’re self-employed, you pay both the employer and employee portions, for a total of 10.5 per cent. The maximum pensionable earnings for 2020 is set at $58,700. The ceiling is calculated according to a legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Quebec employees and employers contribute to the QPP at a slightly higher rate — 5.70 per cent in 2020 (up slightly from 5.55 per cent in 2019).

As a result, the new maximum employer or employee contribution to the plan for 2020 is up slightly to $2,898 ($3,146 in Quebec) and the maximum self-employed contribution is double that, or $5,796 ($6,293 in Quebec).

EI PREMIUM RATE AND MAXIMUM

Employees must also pay employment insurance premiums, with employers paying 1.4 times the amount of the employee’s premiums. For 2020, the EI rate is dropping to 1.58 per cent (from 1.62 per cent) of insurable earnings, up to a 2020 earnings maximum of $54,200. This translates to a maximum employee premium for 2020 of $856.36. For Quebec employees, the maximum employee premium for 2020 is $650.40. EI premium rates are different for residents of Quebec because Quebec administers its own parental insurance plan, which is financed by Quebec workers and their employers.



Source:  Financial Post


https://business.financialpost.com/personal-finance/taxes/these-are-the-tax-changes-you-need-to-know-about-for-2020

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