Hanna Gillis : Blog : Latest Blog Posts

What the new mortgage regulations mean for buyers

Tue, 15 Nov 2016 20:06:09 GMT

What’s been described during the past few weeks as a ‘sledgehammer crackdown’ on the Canadian housing market, the new mortgage regulations, some of which came into effect last month, are aimed at strengthening the country’s housing finance system ‘to help protect the long-term financial security of borrowers’ and ‘to improve tax fairness for Canadian homeowners’.

In simple terms, the changes will help ensure that homeowners are not taking on larger mortgages than they can afford. This will be accomplished using a stress test on all new insured mortgages, including those where the borrower has more than 20 percent for a down payment. The test will show whether or not a buyer is able to keep up with mortgage payments should interest rates increase and must be based on the Bank of Canada’s five-year fixed posted rate of 4.64 percent, regardless of the rate that is being offered by the lender.

The stress test will also look at the percentage of household income that is being dedicated to household expenses (GDS). The monthly mortgage payment, heat and taxes cannot exceed 39 percent of the borrowers income. In addition, the TDS (total debt service, which includes the previous stated monthly expenses plus debt repayment) must not exceed 44 percent.

Another aspect of the new regulations covers changes to the ‘eligibility rules for newly insured low-ratio government-backed insured mortgages. These new criteria will help target the funding support provided by government-backed low-ratio mortgage insurance towards safer forms of lending’. Effective November 30, low-ratio mortgages to be insured will include the following requirements:

• Maximum amortization of 25 years

• Purchase price under $1,000,000

• Minimum credit score of 600

• Owner-occupied (if a single unit)

The government has also introduced new reporting rules for the primary residence capital gains exemption. This regulation is aimed at addressing the issue of foreign investors ‘flipping’ Canadian properties while claiming a primary residence tax exemption.

For more information, visit https://www.fin.gc.ca/n16/data/16-117_2-eng.asp.

Winter Home Maintenance Tips

Tue, 15 Nov 2016 20:02:04 GMT

Those cold and snowy winter days will inevitably arrive just like clockwork. Here are some tips to get your property winter ready:

1. Heating Check-Up

Have your heating system serviced by a qualified professional. A gas furnace should be serviced every two years and an oil furnace every year. Change your furnace filter because a dirty filter will cause inefficiency in a forced air heating/cooling system.

2. Chimney Sweep

Ensure your fireplace (or any gas, oil, wood or coal heating appliance), chimney and vents are clean. A regular maintenance schedule can help you steer clear of chimney fires and prevent carbon monoxide from entering your home.

3. Gut The Gutters

Leaves and other debris can collect up in your eavestroughs over the fall. Blockage causes all types of trouble and can even trigger ice dams. Ensure that downspouts extend at least six feet from your home's foundation.

4. Repair The Roof

Roof repairs should be made before the temperatures drop and the damp weather makes proper repairs almost impossible.

5. Seal It Up Tight

Look for any cracks in your home that need to be repaired. All exterior windows/doors should be closed tightly and repair, or replace weather-stripping as needed. Take down your insect screens so that your home's heating system can do its job and keep the glass condensation-free.

6. Check Your Alarms

Help prevent a fire, or carbon monoxide poisoning in your home by regularly changing the batteries in these detectors. The Office of the Fire Marshal recommends replacing smoke alarms every ten years, or when it has exceeded the manufacturer's recommended life cycle. Remember, a carbon monoxide detector is now required to be in every home and batteries replaced every six months. Make sure they are positioned beside sleeping areas.

7. Maximize Hot Air

Once your furnace is on, reverse your ceiling fans so that the blades run in a clockwise direction. Energy Star recommends this tip to help push the hot air down into the room.

8. Turn Off Exterior Faucets

Frozen pipes are a nightmare. Avoid this by draining all the remaining water, turning off all the exterior faucets and disconnecting garden hoses.

9. Winterize The Backyard

Prepare your gardens, cover and protect bushes and young trees and ensure that you've safely stored away all outdoor furniture and kids toys.

10. Take Inventory

Make sure you have plenty of the winter essentials on hand. Salt or sand for ice melting and a good shovel or snowblower are must-haves for Canadian winters.

Move over gray, taupe is back in business!

Tue, 15 Nov 2016 20:01:01 GMT

The 2017 Sherwin-Williams Colour of the Year was recently announced and this easy neutral is the perfect fit for just about any home’s decor. Poised Taupe is “not cool or warm, nor gray or brown, but rather a weathered, woodsy neutral bringing a sense of coziness and harmony”, according to the colour experts at Sherwin-Williams, an industry leader and the largest retailer of paint and painting supplies in the U.S.

While shades of cool gray have dominated the world of neutral tones for the past five years, a recent homeowner survey by Sherwin Williams found that people were looking for warmer neutrals to incorporate into their home’s décor, such as warm grays, taupes and beiges.

If you’re thinking of selling your home, it is widely agreed that a fresh coat of paint is one of the best ways to update a space. It is also one of the easiest and most affordable home improvement projects to tackle in order to see a high return on your investment. A few $30 cans of paint could translate into thousands in your sale price!

If you’ve recently purchased a home and are trying to make it your own, painting is a fantastic way to make your mark. Warm shades of taupe would work well in the kitchen, living room, family room or bedroom. To add a splash of colour, accessorize with vibrant drapes and pillows or add an accent wall in shades of red, deep teal or even bright yellow.

For more information about painting, visit http://www.sherwin-williams.com.

Protect your family from carbon monoxide poisoning

Tue, 15 Nov 2016 19:59:09 GMT

It’s been two years since regulations came into effect requiring the installation of carbon monoxide (CO)detectors in every home. Yet every year 50 Canadians still perish from carbon monoxide poisoning.

Known as ‘the silent killer’, CO is a tasteless, odorless, invisible gas that is a product of combustion. If you're thinking that there’s no way for carbon monoxide to enter your home, you may be surprised by some of the sources. It is found in fumes of automobiles, small gasoline engines, stoves, lanterns, burning charcoal and wood, fireplaces, gas ranges and heating systems. Danger can occur when there is a ‘problem with ventilation, creating a buildup in an enclosed or semi-enclosed space’.

The most common symptoms of carbon monoxide poisoning are headache, dizziness, nausea, vomiting, weakness, chest pain and confusion, though many fall unconscious before they can remove themselves from the affected area. Over time, CO poisoning will cause irreversible brain damage and even death.

If your home is still without a CO detector, head to your local hardware store and pick one up for under $50. There are a few different types of detectors on the market - some are battery operated, some are hard-wired into the wiring of your home and some simply plug into an electrical outlet. Because CO mixes with air and doesn’t rise like smoke does, it can be placed at any height in a room but should always be located near sleeping areas.

Be sure to have a conversation with children or elderly relatives living in the home so that they understand the purpose of a CO detector and what action they should take if they hear the alarm. The alarms typically emit a different sound than a standard smoke detector, so make sure your family knows the difference. Just like with smoke alarms, when the carbon monoxide detectors goes off, leave the building and call 911 from a safe place.

For more information about carbon monoxide safety, visit the Ontario Association of Fire Chiefs at http://www.oafc.on.ca/carbon-monoxide.

Refinancing in your golden years

Tue, 25 Oct 2016 20:09:55 GMT

Mortgage refinancing, home equity loans, home equity lines of credit, second mortgages, secured loans… what’s the difference? These days, there are a variety of ways that Canadian homeowners can ‘free up’ some of the equity they have built up in their existing home, allowing them to access cash needed to finance a major renovation, pay off debt, purchase a new vehicle, etc.

There are a few things to consider when deciding if refinancing is the right option for you so it’s a good time to speak with a mortgage professional to weigh the choices.

Refinancing is always an option for homeowners enjoying the golden years in life, those over 55 who own their own home, don’t have any major debt and are looking for extra money to help with daily expenses, updating their home to meet their needs or any number of personal reasons.

Here are brief descriptions of some of the more popular options available:

Refinancing: Most Canadian lenders will allow homeowners to borrow up to 80 percent of the appraised value of the home. Often providing the best interest rate, refinancing allows borrowers to pay back the money over an extended period of time, even up to 25 years. Keep in the mind that the refinanced portion of your mortgage may have a different interest rate than the original.

Home Equity Line of Credit: A home equity line of credit (HELOC) is similar to a regular line of credit, allowing borrowers to access money on their own timeline, up to the credit limit. You can pay it back and borrow again. Homeowners will have to apply for a home equity line of credit to find out whether they qualify. A lender will allow homeowners to borrow up to 65 percent of their home’s appraised value.

Reverse mortgage: A reverse mortgage allows a homeowners borrow up to 55 percent of the value of their home in a lump sum or fixed monthly payments. In most cases, you will not have to pay the principal and accumulated interest back until you sell your home or pass away. The costs associated with a reverse mortgage are higher and the conditions around the contract are more complex, so be sure to seek the advice of a professional.

For more information on refinancing, visit the Canadian Mortgage and Housing Corporation at https://www.cmhc-schl.gc.ca.

What’s hot in kitchen design?

Tue, 25 Oct 2016 20:08:55 GMT

Home design, much like fashion, is constantly evolving. Granite, just five or six years ago considered the epitome of luxury kitchen design, is now out of favour and quartz is the new standard of excellence.

If you have a major kitchen renovation in your future or just like to keep up to date on kitchen design, the experts at Zillow Digs have compiled a Home Trend Forecast outlining the biggest kitchen trends for 2016.

What’s hot in kitchen design?

Tuxedo kitchen cabinets - Long gone are the days of perfectly matching cabinetry. Homeowners are starting to take bigger design risks in the kitchen. Expect to see a rise in tuxedo, or two-toned painted cabinets where the top and bottom doors are painted in complimentary colours such as navy blue and soft gray or beige.

Hidden appliances - While stainless steel appliances are still a popular choice, they can feel cold and industrial at times. Over the next year, experts predict a rise in hidden appliance solutions, such as microwave drawers or covered refrigerators, for a kitchen aesthetic that's more approachable and comfortable.

Wood paneling (shiplap or barn board) - It's no secret that homeowners love farmhouse kitchens. Experts predict wood paneling, often painted in white, to start popping up in anything from backsplashes to ceilings, bringing a comfortable yet chic design aesthetic to the kitchen.

Mixed hardware finishes - Homeowners are becoming comfortable using hardware finishes other than stainless steel, and are even mixing and matching metals for a more eclectic look. From gold to rose gold or black, beautiful hardware accents look like jewelry for the kitchen.

What’s passé in kitchen design?

Speckled granite
- Homeowners are no longer limited to granite, which can stain and can be hard to maintain. Brown and tan speckled granite, specifically, is phasing out as more countertop materials and styles become available. Quartz, marble and even butcher block are rising in popularity.

Short cabinets
- Tall cabinetry gives the illusion that a kitchen is bigger and brighter, so experts predict homeowners to replace shorter top row cabinets with ones that are flush with the ceiling.

Dark brown wood and paint colours
- Light and bright kitchens will only continue to pick up steam over the next year, meaning dark or cherry wood cabinets will continue to fade out of style.

For more information, visit http://www.zillow.com/digs/.

What you need to know about chattels and fixtures

Tue, 25 Oct 2016 20:07:45 GMT

When purchasing or selling a home, occasionally there is some confusion as to what is included in the asking price. Generally speaking, anything that is attached to the home is considered a fixture and is included in the asking price. A handy visual is to imagine taking a home and turning it upside down…whatever is left in place stays with the home as a fixture. Any moveable items that fall out, such as pictures hanging on walls or appliances, are not routinely included and would be referred to as chattels.

When selling a home, your real estate representative will ask you when drawing up the Listing Agreement if there are any fixtures that you would like to exclude. For example, you might wish to take your family heirloom chandelier with you to your new home or the expensive drapes in the formal dining room. The choice is yours. In the case of a chandelier, a buyer may ask that you replace the removed item with a substitute so they are not left in the dark room on closing day.

Alternatively, when making an offer to purchase a home, your realtor will ask if there is anything normally viewed as a chattel that you would like included in your offer. Some buyers ask to have major appliances included or a large piece of furniture that fits a space well. The seller always has the option to decline in this case.

To avoid misunderstandings, verbal agreements are never recommended and inclusions and exclusions should always be detailed in the Listing Agreement and the Agreement of Purchase and Sale (the offer). An Agreement of Purchase and Sale is like a conversation in writing that expresses the buyer's wish to purchase a property and the proposed terms of sale. It only becomes legally binding when everything is mutually agreed upon and signed by both parties. Among many other important details included in the Agreement of Purchase and Sale is specific information about inclusions and exclusions, or chattels. The buyer and seller need to agree on the chattels and/or fixtures included before signing the offer.

For more information about chattels and fixtures, visit www.wedothehomework.ca.

Maximize every square foot in your small space

Tue, 25 Oct 2016 20:06:41 GMT

There’s a lot you can change about a home, but without a major renovation, square footage is rarely one of them. Making smart use of space can make a room, a floor or an entire house feel bigger. There are plenty of ways to optimize the space in your home to give the appearance of increased space but the key to creating that illusion is to be organized and to find clever ways to maximize every square foot in your home. Here are some tips, courtesy of www.wedothehomework.ca.

Use mirrors: One simple way to make any room seem bigger, longer or wider is to add reflective surfaces like windows and glass that create reflections. Mirrored tabletops or mirror placed under candles or vases can bounce light in different directions. Get creative with your reflective surfaces.

Every surface counts: Most of us tend to focus on the flat, horizontal space we have available and ignore the endless possibilities of a vertical surface. Shelves, art and objects can be placed on walls to draw attention upwards which creates the illusion of more space.

Brighten up: Make sure to keep curtains and blinds open to allow as much light in as possible. Light makes a room feel larger and more airy. Hanging curtains from the ceiling instead of the window frame will also make the room appear to have more height.

Storage creates space: Storage is the easiest way to make any room appear larger than it really is. Using storage bins under beds, in closets and bathrooms can hide clutter and open the room up to more space. Mudroom benches conceal a lot of items such as wet umbrellas and rain gear that can damage hardwood floors.

Tips for the kitchen: Dark surfaces can be a big culprit in making rooms seem smaller or – as small as they actually are. By giving cabinets and doors a coat of light paint and using glass on doors to lighten the space you can give the impression of a larger kitchen. Hanging a pot rack on the wall will not only give you more storage for pots and pans – it will add some style to your space.

Spacious living places: There are several ways to make the areas you lounge in look larger. Flat screen TV’s can be mounted on the wall or hidden in cabinets and using large, bold pieces of furniture that are proportioned to each other can make any room seem more spacious. The trick is to avoid overstuffed furniture and patterns that are too bold.

Creating width: The quickest way to fix up a space is to give it a fresh coat of paint, however wallpaper can be an invaluable tool for increasing space. Tone on tone wallpaper can trick the eye into thinking a room is wider.

While a small space will always be small, these tricks can help you to make it look and feel larger. Any sort of clutter can quickly reduce that space so make sure to consider storage options to maintain the illusion of more square footage.

For more information, visit www.wedothehomework.ca, a website created by the Ontario Real Estate Association to educate homeowners about the buying and selling process.

High-tech overhauls for your bathroom

Fri, 30 Sep 2016 19:03:34 GMT

Bathrooms continue to be one of most often updated rooms in a home. Along with the kitchen, the bathroom is used on a daily basis and a major remodel will often see a high return on investment. These are factors that many homeowners consider when choosing a home improvement project.

So what are the latest trends in bathroom design? According to a recent survey conducted by Houzz, a website and online community about interior design, decor and home improvements, high-tech features are on the rise in updated master bathrooms!

Rather than choosing basic, economical fixtures, the majority of homeowners are opting to splurge on high-end features for the bathroom, in everything from faucets to flooring. Many are forgoing the tub altogether and reconfiguring their space to include spacious walk-in showers, complete with double rain showerheads, heated tile and touch-screen operated water controls. Upgraded high-tech toilets frequently include self-cleaning functions, motion-activated seats and built-in nightlights. Where bathtubs are included, luxury features such as built-in lighting, heated backrests and scented mist dispensers are becoming popular.

According to the experts at Houzz, homeowners are likely adding these luxurious touches given the amount of time they spend in their master bathrooms – 60 percent occupy this room for 30-60 minutes daily, and nearly a quarter are there for over an hour a day!

Most bathroom renovations being tackled nowadays are major overhauls, with four in five renovating homeowners replacing major bathroom features, including flooring (91 percent), countertops (89 percent), sinks (88 percent) and showers (87 percent).

These remodels certainly don't come with a small price tag. Two in five renovating homeowners spend $10,000 - $25,000 (US) on master bathroom renovations. Interestingly, only a third budget for that amount!

The survey also found that the majority of homeowners are forgoing a DIY project and turning to the experts. 90 percent of homeowners said they hired professionals to help with their bathroom projects in 2016, versus just 78 percent in 2015.

You can download the full U.S. Houzz Bathroom Trends Study at http://info.houzz.com/rs/houzz/images/HouzzBathroomStudy2016.pdf.

Protect Your Home From Water Damage

Fri, 30 Sep 2016 18:59:58 GMT

When water damage strikes, the wreckage can be as fast as lightning, as destructive as a windstorm and as costly as your last reno job. But there are measures homeowners can take to protect their properties. Here's how:

Protect Your Home - In the event of a flood or sewer back-up, there's no peace of mind quite like insurance coverage. Typically, insurance for water damage depends on where you live and your home's construction. Many plans include coverage for certain types of water damage such as sewer back-up, while protection for other types of damage such as flooding may need to be purchased as extra. Check your policy.

Basements - To help prevent basement flooding install a sump pump. To protect your home from sewer water damage, you may also want to install a sewer backflow value.

Foundation and Exterior Walls - Seal cracks and holes in external walls, joints, and foundations. Pay close attention to areas where piping or wiring extends through the outside walls.

Outside Precautions –Be sure that downspouts direct water well away from your home's foundation. Keep gutters and downspouts clear of leaves, dirt and other debris. Ensure proper grading around your home. Vines should be kept off all exterior walls, because they can help open cracks in the siding, which allows moisture or insects to enter the house. Make sure your roof is in good shape and that shingles are secure. Check windows and doors for leaks, too.

Indoor Precautions - Pay attention to higher than normal water bills. This could be from a broken pipe and can lead to structural damage, if left undetected. Get into the habit of occasionally checking for leaks at your water supply line, pipes and under bathroom and kitchen sinks.

Check around appliances and fixtures that use water such as dishwashers and toilets. Look at the water supply lines and check for corrosion on fittings and valves. Listen for the sound of dripping water or the refilling of your toilet water supply.

Take notice of discoloured, cracked or warped flooring as this can be a sign of a water leak. Be sure to inspect rooms directly below bathrooms. Look for stains on walls or ceilings or a musty smell. Know where your water shut-off valve is located in case you need to turn off the water in an emergency.

To help prevent water from freezing in pipes on extremely cold days, leave kitchen and bathroom cabinets open to expose pipes to warmer air.

The benefit of new windows

Fri, 30 Sep 2016 18:57:07 GMT

When it comes to buying a new home it seems everyone has two lists – the “We absolutely can’t live without it” list and the “Nice to have but we’re willing to live without it” list. However, there are some features of a home that you should really think twice about before downgrading them to the ‘nice to have’ list. Windows are a very important feature both functionally and aesthetically in a home, so when it comes to deciding on a purchase, which list will new windows fall under?

The exterior and interior of any home can change drastically with the installation of new windows. Aesthetically they give a clear view of the outside, provide natural brightness in the home and can make any space seem larger. While the physical appeal that windows can bring to a space is undoubtedly a draw, there are some other very practical and cost efficient reasons to appreciate new installations that go beyond curb appeal – especially in an older home. Here is more information, courtesy of www.wedothehomework.ca.

What are the benefits of new windows?

UV protection of walls, floors and furnishings
Increased curb appeal
Low maintenance
Reduced sound transmission
Improved security
Improved comfort

As any homeowner knows, there are many hidden costs when purchasing a home as well as regular maintenance and potential problems that can go wrong and end up being very costly such as a broken furnace, leaky roof or broken appliances just to name a few. New windows can be very costly and keeping older windows can not only devalue the home but also cost more in heating and cooling. Today’s new windows are designed to harmonize with a home’s look and personality and will save homeowners frustration, annual repair and upkeep costs and reduce energy costs by up to 35 per cent.

Not only will new windows provide energy efficiencies and reduce noise from entering or leaving the home, they also offer additional security from potential break-ins. The simple fact that most new windows are made from vinyl or fiberglass also means that you don’t have to worry about painting and cleaning is far easier.

Older windows can lead to greater costs down the road such as loss of heat and cold air and potential moisture and mould build-up that can lead to further structure damage. Loose seals can create drafty areas in the home and allow heat to escape and cold air, dust and insects to enter.

Once you weigh the pros and cons of new windows versus the original and size up the potential costs down the road, you may want to add new windows to your ‘must have’ list. The cost and frustration you save yourself can help you to truly enjoy your dream home all year round.

For more information, visit www.wedothehomework.ca, a website created by the Ontario Real Estate Association to educate homeowners about the buying and selling process.

What are your financial priorities?

Fri, 30 Sep 2016 18:54:45 GMT

What do you consider most important when it comes to your financial priorities? Saving for the future? Paying down debt?

According to a recent BMO Wealth Management Study, your response may be dependent on your age. The report, which was released last month, found that the most important financial priority for Millennials – those aged 18-34 - is to save more. Respondents aged 35-54 saw reducing or eliminating debt as their top priority, while Canadians aged 55 and over stated that investing effectively and tax efficiency was their number one financial goal. The report found that twenty-nine percent of Canadians are concerned they will not be able to save enough to reach their financial goals.

Whether you're just starting out in life or are enjoying your golden years, here are BMO's tips for financial planning at life's various stages:

New Graduates: Now is the time to put a plan in place, whether it's saving for a down payment or reducing outstanding student debt. By establishing a budget that focuses on saving and reducing borrowed amounts - as opposed to spending on current wants - it may be possible to achieve these goals more quickly.

Parents: When gifts are given to children on birthdays and holidays, parents may wish to use this tradition as an opportunity to teach children about the importance of balancing between spending on current wants and the desire for future needs. Parents should also consider life, creditor, critical illness and disability insurance to protect their families in the event the unexpected occurs.

Retirees: Reducing expenses and having a consistent cash flow or income stream in retirement is important to help make accumulated savings last. This is a good time to consider scaling back on financial support paid to younger family members. If one's goal in retirement is to travel, financial plans should be built with this expectation in mind, including the cost of travel medical insurance.

To view a copy of the full report, please visit: www.bmo.com/wealthreports.

Preparing for closing day

Sat, 20 Aug 2016 16:46:10 GMT

You bought a home! Congratulations! Your offer was accepted, the home inspection went well and all the conditions have been met…so what's next on your to-do list? Other than packing of course, there are a number of steps you'll need to take in preparation of the big day:

The first is to get your lawyer involved. Your real estate professional will fax the Agreement of Purchase and Sale to your lawyer, who will then complete a variety of tasks on your behalf - checking title, preparing the land transfer, etc.

You will need to provide all necessary documents to your mortgage lender.

Arrange for homeowner's insurance to begin the day of closing. You can often get a discount for "bundling" so check rates with your auto and/or life insurance provider first.

If you are a renter, give ample notice to your landlord.

Call the local utility companies to set up hydro, water, gas, cable, telephone, etc.

Inform all necessary parties of your upcoming change of address – credit card companies, magazine subscriptions, the Ministry of Transportation, Canada Revenue Agency, insurance company, employer, etc. You can also arrange through the post office for all of your mail to be redirected to your new address for a specified period of time.

Start saving. As tempting as it is to go out and buy furniture, décor items and more for your new house, closing day will bring with it some hefty costs, including legal fees, hook-up charges, moving costs, and more.

Arrange for a final walk-through at your new address. Your real estate professional will accompany you as you tour the home for one last time before moving day. Bring a tape measure to check room sizes!

A day or two before closing, you will meet with your lawyer to sign all necessary documents.

Finally, when the big day arrives, your lawyer will contact you when you can pick up the keys to your new home!

Are these old floors going to be a deal breaker?

Sat, 20 Aug 2016 16:21:19 GMT

If older homes are your style, you're buying into the benefit of careful craftsmanship and attention to detail that seems to have disappeared over the past few decades. However, older homes have older materials that can either add charm or leave a hole in your pocket. In order to determine if an older home is worth its price tag, you'll have to see what can be saved and what should be scraped and add those costs to the price of your potential new home.

Many homeowners are drawn the character of older homes because of the detail and quality we don't see as often today. Older homes often have floors that show their age in a very romantic way, however, along with the beauty of wide floorboards and the rich patina earned by years of wear can also come the squeaks, stains, smells and other tell tale signs of its age. While age brings character to a floor, it can also bring concerns.

So how can you determine if the floors in your future home are worth salvaging before you sign? Here is more information, courtesy of www.wedothehomework.ca.

When it's better to replace than refinish

Floors with the following indicators may not be worth the elbow grease:

1. Boards that have structural issues such as having to remove the boards to replace a subfloor.

2. Over-sanded floors where the tongue and groove is deteriorating.

Is this floor worth salvaging?

There are more cases when saving a floor is far more cost-effective and satisfying than replacing it. Even bug-infested boards can be replaced. The following signs will tell you that your floor is worth saving:

1.Squeaks are common in older floors but don't write them off. This is a fixable problem and just takes a skilled handyman to quiet the noise by applying a lubricant and tightening the floor.

2.Small areas of damage don't mean the whole floor has to go. These can be patched and re-stained to match the rest of the floor.

3.Stains aren't permanent either. Most stains are surface stains and can be removed with sanding. Deeper stains will come up a bit and can be hidden with new stain and a great area rug.

Almost any old floor can be salvaged and it is considerably cheaper and more visually rewarding to refinish instead of replacing a floor. You'll also get the benefit of its natural characteristics such as mineral streaks, knotholes and dings and bangs that give it a unique look on every board.

For more information, visit www.wedothehomework.ca, a website created by the Ontario Real Estate Association to educate homeowners about the buying and selling process.

Avoid buyer's remorse

Sat, 20 Aug 2016 16:17:46 GMT

Purchasing a home can rank among life's most stressful events. Signing a closing contract obliging yourself to the payment of hundreds of thousands of dollars over a 30-year period, can leave anyone wanting to run for the hills. Anxiety is common with any large investment, especially the purchase of a new home. Buyer's remorse is an emotional response in the form of regret, fear, depression or anxiety, very common to new homeowners. The key is to feel confident as you look toward your future.

Wants & Needs

Reading through your original list of wants and needs, will remind you what made this home stand out. Ensuring your top priorities have been met will reassure your decision. This house was very special a few days ago, so try and understand what has changed. Is this truly a bad purchase or is there something else making you hesitate?

Trust Yourself

Easier said than done, you need to trust your instincts. You are not able to predict the future, but you can prepare yourself. Get a home inspection, review your finances and reassess your perspective. Being knowledgeable will curb your anxiety. Remember the hard work that has brought you to this moment and be proud of your accomplishments. If you are satisfied with your research, it is time to stop looking at other houses and be confident in your purchase.

Beware Helpful Advice

Sometimes remorse can creep in as you talk with different people. While most mean well, check your uncertainties against facts and figures. Parents may feel you have overpaid, neighbours may have had bad experiences or friends might have higher expectations, but these are not reliable figures. Seasoned homeowners can offer helpful advice, but it may be some time since they purchased a home. You may have a better understanding of the housing market and area retail values. Being informed can help convince loved ones (and yourself) of your purchase.

Your Real Estate Agent

You're not in this alone. Choose a real estate agent who will guide you through all steps of your purchase, including the closing process. A veteran of the housing market will advise you between your worries and legitimate property concerns. Always contact your agent with questions before they snowball into doubt and panic. Take advantage of their expertise, it is their job to make this process as smooth as possible.

Do your research before hiring for urgent home repairs

Sat, 20 Aug 2016 16:10:02 GMT

There are many things to think about when hiring a business to complete an urgent home repair. It may not feel like there is enough time to do the proper research, but even under a time-crunch, it is still important to choose a reliable business. In Ontario, consumers are protected under the Consumer Protection Act when hiring a business, whether you're rushing to hire a contractor after an unexpected flood, or considering a door-to-door deal.

"A cash deal may seem appealing when you're unexpectedly faced with a home repair. Some businesses may rely on high-pressure situations, limiting your time to make an informed decision and tempting you with low-ball offers. Ontarians have protections under the Consumer Protection Act to deal with disputes and complaints. Take the time to get the deal in writing and consider all options before hiring," said Marie-France Lalonde, Minister of Government and Consumer Services.

Before you hire for home repairs, follow these steps, courtesy of Consumer Protection Ontario:

Do your research

Start by asking friends and family for recommendations of businesses that specialize in the repair type you need. Consider dealing with local businesses to make it easier to check references, enforce a warranty or have follow-up work done.
Ask to see the contractor's credentials before hiring. Not having the right paperwork, such as contracts, identification, licences or permits is a warning sign that a business may not be reputable.
Check the Consumer Beware List at www.ontario.ca/page/search-consumer-beware-list to see if there are any recent charges, convictions, orders, actions or unanswered complaints against the businesses you are considering. Online resources can also be a great tool to search business reviews.
Get multiple quotes
Get at least three estimates and compare them. It might be a red flag if one deal is significantly lower.

Take your time

Give yourself some time to consider an offer. If you have home insurance, be sure to speak to your claims adjuster before agreeing to any work in your home. Once you hire a business, don't pay the full amount up-front. Keep your deposit to 10 per cent, and pay the full amount in installments or when work is complete.

Get a written contract

It's important to have a written contract to protect yourself from fraud. Avoid cash deals - without an agreement in writing, you risk the business cashing in your deposit and never finishing - or even starting - the job they were hired to do. It is difficult for you to prove there was an agreement if you do not have it in writing.

Your Rights:

Did you know that the Consumer Protection Act gives you special rights when you buy something for your home that costs more than $50? Visit www.ontario.ca/page/your-rights-under-consumer-protection-act to learn more.
When you enter into a contract at home, you have the right to cancel the contract, without any reason and without penalty, within a 10-day cooling-off period (20 days for water heaters) that runs from when you receive a written copy of the contract. (Reasonable compensation may be owing to the business in specific circumstances).

Want more information? Visit www.ontario.ca/page/consumer-protection-ontario.

For buyers and sellers: Five tips for a successful deal

Thu, 07 Jul 2016 14:06:36 GMT

Make your move a stress-free one! The smart first step for both parties is finding a real estate professional you are comfortable working with. They will be the guiding light during the entire process.

For buyers, here are five tips for ensuring a successful real estate transaction:

1. Avoid overspending at all costs. Establish a budget and stick to it, no matter what. Being "house poor" will definitely overshadow the initial joy you feel from purchasing a home.

2. Don't get emotionally involved. It's easier said than done, but if a deal doesn't go through - whether it's an issue with price, conditions or a bidding war - be prepared to walk away knowing that your perfect house IS still out there!

3. Try to see the big picture. Don't get hung up on paint colours, a messy yard or ugly light fixtures. These are all easy fixes. Instead use big-ticket items, like the condition of the furnace, windows and roof to help aid in your decision.

4. Location, location, location. It's the one thing you can never change about the house you buy.

5. Start an emergency fund. Unforeseen (and expensive) issues can arise at any time for homeowners. Having funds set aside specifically for this purpose will bring peace of mind.

Tips for sellers:

1. Spend money to make money. To maximize your home's selling potential, make any necessary minor repairs, give tired walls a fresh coat of paint or hire a stager.

2. Don't over price. It's a waste of everyone's time, including yours.

3. Never underestimate the power of a clean house. Your home should be spotless for showings and open houses. No exceptions!

4. Start packing as soon as the deal has been finalized. Just pack a few boxes every day. Procrastinating on this time-consuming chore will leave you stressed out as the days get closer to moving day.

5. Research your movers. Nothing messes up a moving day more than unreliable movers, so be sure to ask friends and family for recommendations, do some research and get everything in writing.

How to avoid moving day hassles

Thu, 07 Jul 2016 14:04:04 GMT

If you're lucky enough to convince half a dozen strong, able-bodied friends to dedicate their Saturday helping you with your move, kudos to you! If not, and you've decided to hire a moving company, there are a few things you can do in advance to ensure that things go smoothly on the big day.

You've done a lot of work to get to this point, between preparing your home for sale, sealing the deal and packing up all of your worldly belongings. The last thing you need is unnecessary stress on your closing date/moving day.

First, ask around for a moving company recommendation. Check with friends, colleagues, neighbours and family for referrals. If you're not able to get a good referral from a trusted source, check online websites like Kijiji, but proceed with caution! Ask the company to provide at least three recent references and follow-up with them. Request a meeting ahead of time to get a feel for the individual. Are they professional, prepared and courteous? Did they show up on time?

Once you've chosen a mover, get everything in writing. It's the law. According to Ontario's Consumer Protection Act (CPA), all moving contracts worth more than $50 must be in writing. Under the CPA, your contract must include:

1. The mover's name, address and contact information

2. A description of the service(s) and their prices

3. The total cost that you will have to pay, additional charges that may apply and taxes

4. Start and end dates for the service

5. The terms of payment (cash or cheque)

Other items that should be included in the contract are size and value of items, who is responsible for loss or damage, the number of staff and vehicles that will be provided and the name of the person who holds their insurance policy.

Hopefully with a little research ahead of time, you can help ensure a stress-free moving day!

Get your kids into the garden!

Thu, 07 Jul 2016 14:01:07 GMT

Now that the kids are out of school, parents will be looking for things to do to keep them busy!

This is the perfect month to get the kids outside and learning about nature, especially when nature's so close to home – the garden! Why not plant a tree, create a window box, start a vegetable garden or plant flowers in personalized container planters?

If you have a recently moved into a new home, planting a tree is a fantastic way to plant your roots (literally!) at your new address. It's importance to do some research first, and be sure to involve the kids in this initial step. Find out what kind of soil you have at home, consider how much space you are working with and decide how big you want the tree to grow. Some trees will do well in cold Ontario winters and others are good for small to medium-sized backyards, including Newton Sentry Sugar Maple (12 metres height, spread of 2.5 metres), Single seed Hawthorn (10 by 4 metres), Pencil Point Common Juniper (10 by 1.5 metres)and Upright English Oak (15 by 5 metres).

If you don't have the space for sprawling flowerbeds, container gardening is the way to go. Let your kids help choose the flowers. A good rule of thumb to think of when selecting flowers is this: you need a thriller, some fillers and a spiller. The thriller is your bold, centrepiece plant - purple fountain grass or large red coleus are good options. Next you need your fillers, those that will surround the thriller. Begonias, dusty miller or marigolds would work well. Your spiller is the plant that will eventually cascade over the edges of your container - sweet potato vine and verbena are good choices. Purchase a good quality potting mix and remember that container plants dry out very quickly on hot, sunny days. Let kids take on the responsibility of daily watering.

Finally, teaching children the basics of growing their own food is a lesson they won't soon forget. Keep it simple and small to start and select a few vegetables they enjoy eating. Peppers, tomatoes, green beans, lettuce mixes and snap peas are good options. Choosing a spot for your garden is an important step - aim for full sun as veggies need 6-8 hours of sun per day. Ask an expert at your local garden centre for tips on perfecting the soil in your vegetable garden.

If you have a crafty kid at home, have them create DIY plant makers for your garden. Pick up plain, wooden paint stirrers at your local hardware store, paint them various colours and write the names of your vegetables or flowers on them. You could also find small, flat rocks, paint them bright colours and write the names on them.

Why thieves love your summer vacation

Thu, 07 Jul 2016 13:57:19 GMT

With summer finally here and the kids out of school, many families will be heading on family vacations! But just as excited as you are for the holidays, so are burglars who are paying close attention to what's being posted on social media. To help you have peace of mind while on holidays, here are some tips from insurance company Aviva Canada Inc. on some precautions to take, in particular with social media, to protect homes and belongings from theft while away from the home.

1. Keep your upcoming vacation plans off of social media and remind your kids to do the same. Ideally, hold off on posting pictures or revealing destination and duration until you get back. While you may be diligent with who can see what you post, some of your friends may not have tight privacy settings. Consider how and when you are posting to Facebook, Instagram, Twitter and any other social media platforms you may use.

2. Upgrade the locking systems on your doors and windows. Also inspect window or door frames to ensure thieves could not easily force entry. Ensure all windows and doors are locked when out of the home or overnight.

3. Make a home look occupied when you're away. Park a car in the driveway, leave some lights and a radio on, ask a neighbour to collect mail and newspapers and have your lawn mowed.

4. Install a security device with a loud alarm or flashing lights. Some alarms contact authorities directly when they have been activated.

5. Do a home inventory with your video camera. It will take minutes but will save you the stress and heartache of listing all of your possessions.

For more tips, visit www.avivacanada.com/article/summer-vacation-facebookinstagram-–-here's-why-thieves-love-them-both

Is a damp basement a deal breaker?

Wed, 15 Jun 2016 19:21:40 GMT

When you're sizing up a potential new home to see if it meets your needs, suits your lifestyle and isn't going to cause you unexpected costs and grief down the road, a full inspection will reveal potential concerns that could lead to disaster.

Even before the home inspection there are ways to identify if there are underlying issues that could develop into larger problems down the road. One of the biggest concerns can be the basement. If it shows signs of dampness you could be buying into trouble. A damp basement could be more than just a nuisance to homeowners, especially if you want to use it as a living space such as a family room, bedroom or home office. Any signs of moisture can lead to accumulation that can cause both cosmetic and structural damage to both the basement and the floor above.

Here is more information, courtesy of www.wedothehomework.ca.

What are the signs of a damp basement?

The tell tale signs that let you know there's potential trouble are loose floor tiles, rusty baseboard and wall nails, storage elevated off the floor, damaged or water stained basement storage, dampness or water spots and/or stains on walls and floors, peeling paint, rust at column or post base, patched walls and rotting boards or wood.

There are three major causes of water in a basement:

1. Condensation: While condensation may be present in the basement, an accumulation of it can cause the floorboards above to buckle. It appears as water droplets, puddles or wet spots on floors and walls. If left, it can cause damage such as rot and invite insects to make your home, theirs.

2. A problem below the surface: Sometimes the issue can come from places you can't even see. In some neighbourhoods, homes are sitting on high water tables which can cause ongoing issues – especially during a big storm or quick thaw. These problems aren't permanent however if the basement is holding water even after the storm, the source of the problem could be below the surface.

Water that comes through walls or appears where the floor and wall meet is an indicator of high ground water. The cure for this can be as cheap as an absorbent clay injection to a more expensive solution such as installing a sump pump.

3. Runoff: There are several ways runoff water can enter your house and cause dampness in your basement. Rainwater and melting snow are the most common sources and for some homes it's common to find dampness after a storm or drastic increase in temperatures that causes snow to melt quickly.

Damp basements can occur in new and older homes as heavy rainfalls and melting snow find it's way into basements both new and old. If you notice any dampness make sure to ask questions and assess the source of the problem so you can decide whether the solution is worth your time and effort.

For more information, visit www.wedothehomework.ca, a website created by the Ontario Real Estate Association to educate homeowners about the buying and selling process.

The benefits of a real estate professional

Wed, 15 Jun 2016 19:17:48 GMT

There's more to a real estate agent than sticking a sign on your front lawn and distributing information sheets at open houses. Promoter, legal and tax expert, historical researcher, statistician, decorator and objective sounding board is among the roles realtors take on in the quest to buy or sell a home.

Homeownership is, or is about to become your biggest asset so from the moment you begin your search or sign a listing agreement a whole world of expertise and access to information and marketing prowess unfolds by hiring a real estate professional.

Buying or selling a home is a time-consuming, confusing, stressful and emotionally charged event. Leaning on someone who does this for a living, has gone through the process countless times and also continuously upgrades their skills through education is the logical choice.

Real estate professionals are licensed and must abide by the Canadian Real Estate Association's Code of Ethics. It's peace of mind for homeowners, giving them recourse through a provincial regulator should something go awry.

Also, having access to the MLS system means maximum exposure to a bevy of buyers and sellers. This usually means a quicker sale or buy for you and that's a huge weight off anyone's shoulders.

With an objective eye and a keen ear, real estate professionals can help you put your home in the best light or find a home that fits your needs, budget and personal preferences. And when it comes to negotiating, this objectivity and experience is invaluable. Realtors are indispensible in smoothing things out between both parties. Plus, realtors are experts at finding and translating the fine print on legal documents that would normally boggle the rest of us.

More than 80 per cent of buyers and sellers hire a real estate professional, and those who go it alone, often wish they had hired one. Without insight into the market conditions, do-it-yourselfers are often guessing at list prices and typically undervalue their home or price it too high and drive away potential buyers.

Want to know more about the benefits of having a professional by your side? I'm here to answer any questions!

Beautiful outdoor spaces will help sell your home

Wed, 15 Jun 2016 19:17:16 GMT

Selling your home? Don't forget to make the front and back yards just as attractive as the interior of the home. Curb appeal is hugely important when selling and a home with a beautifully landscaped yard will sell a lot quicker than one that is unkempt and full of weeds.

Before putting your home on the market, spend time transforming the backyard into an inviting space. An attractive and functional backyard is like adding another room to your property and you want buyers to see that value. Then, when your home is on the market and you're having an open house, make sure to set up the patio or deck as if you were entertaining. This will keep visitors outside longer and will allow them to see how they can use the space.

Here are more ideas on how you can make your property shine when selling your home:

Clear out the clutter: Remove any toys, gardening equipment or broken patio furniture that would prevent buyers from seeing your yard at its best.

Make your house easy to find: Replace house numbers that are damaged or too small to see from the curb of your house. You want viewers to think the house would be easy to locate if they lived there. Also, add outdoor lighting so the house appears welcoming for evening viewings.

To reno or not to reno: Your Realtor can help you decide the resale value of adding a deck or redoing the patio before you put the house up for sale. Some renovations can add monetary value while others will not be worth your while spending the time or money.

Throw in extras: If you have attractive outdoor furniture pieces, consider including them in the sale to the new owner. This is a great idea if you're moving to downsize and won't have room for the items. Let potential buyers know that their new backyard oasis is set up and ready for when they move in.

Giving your place a little more space

Wed, 15 Jun 2016 19:15:47 GMT

When you're sizing up a prospective home, it's hard not to imagine what it will look like once you take a paintbrush to it and unpack all your belongings. But most of us don't stop there. In our minds we're already taking a sledgehammer to that front room to create more space and light. Removing a wall can certainly achieve your dream space yet it's not always as simple as it sounds. Can you simply apply brute force with a sledgehammer to get the look you want or should you call a contractor first? Understanding what you're up against can save you a lot of time, money and remorse.

By simply sizing up a wall from the outside, it's hard to tell if the task at hand will be simple and painless or require a major structural change. "The first thing you'll need to determine is if the wall is load-bearing and how much load it supports," says Patricia Verge, president of Ontario Real Estate Association (OREA).

"While it's not impossible to remove a load-bearing wall, you'll have to understand what your options are to replace the support of that wall," she adds. "It's wise to consult an architect or general contractor before making a decision that could cause structural damage to your home if not done properly."

Here's what you'll need to consider, courtesy of www.wedothehomework.ca.

1.Removing a wall is different from home to home and from storey to storey. Removing a first floor wall in a two-storey home is more expensive since the wall is taking the additional stress of the second storey and will require more work and options to ensure the integrity of the structure.

2.If you aren't planning to replace the floors, you'll have to assess the patchwork that will be involved where the wall once stood. It can be difficult to match old hardwood with wood pieces making blending old and new an issue.

3.You may want to keep older moulding from one room but could experience difficulty finding a way to carry it on into the new space since new materials on the market may be not be a suitable match.

4.Removing one simple wall can create a whole new look and feel to any space. It's something prospective homeowners should consider when sizing up a home they love but need it to meet more of their demands like better flow or spacious rooms. Talk to your realtor and they can help suggest options and tell you if you should speak to a general contractor or architect before taking a sledgehammer to your potential dream home.

For more information, visit www.wedothehomework.ca, a website created by the OREA to educate homeowners about the buying and selling process.

Downsizing? Clear that clutter first!

Mon, 23 May 2016 15:24:00 GMT

For many homeowners reaching their golden years, the need for multiple bedrooms and expansive outdoor space diminishes as you look to retirement. Thoughts of travel, embracing a new hobby or simply taking it easy begin to take over and tiresome household chores like cleaning bathrooms and mowing the lawn can get in the way of the lifestyle you are looking forward to. Downsizing is a term we hear quite often in the real estate industry. It sounds easy enough, but in reality can cause anxiety for even the most motivated homeowners.

After your children have flown the coop and you make the decision to sell your family-sized home to purchase something smaller, you will inevitably have to get rid of some furniture and other belongings.

To help ease the stress of giving up some of your cherished items, here are a few tips to keep you on track.

1. Figure out where you're moving to before you post your treasured dining room set on Kijiji. Perhaps your new two-bedroom condo has a spacious dining room. When you know exactly where it is you're moving to and the exact room dimensions, you can sell or give away any big items that just won't fit in your new space. It also prevents you from humming and hawing over things, reasoning that you 'might' be able to fit them in somewhere. Measure every room in your new house so you don't have to guess.

2. Don't leave everything to the last minute. Get a good head start on downsizing as soon as you buy a new home. Spend an hour or two each day going through the rooms of your current home, organizing and packing things up as you go. It can't hurt to carry a big box around with you for items you have no trouble parting with - home decor items, desk lamps, pictures etc. At the end of the week, you can offer the items to family or friends and make a run to Value Village or a charity to get rid of what's left.

3. Purge any items you don't use. When you're trying to decide if you should bring that bulky food processor or toaster oven to your new (smaller) kitchen, think about how much use it's gotten over the past year. If it's only once or twice, chances are you can pass it on to someone else without missing it.

4. Make some money! It's so easy these days to sell used items. From kitchen appliances to furniture, there's someone out there who will gladly purchase your castaways.

Thinking of buying or selling in the Keswick or Georgina area?

Get in touch with me to see how I can help! 905-251-3520 hannagillis@royallepage.ca

Making your older home more energy efficient

Fri, 20 May 2016 15:49:05 GMT

For some, owning an older home replete with character and charm is the only way to go. There certainly is something special about pocket doors, original stained glass windows, archways and basket-weave tile floors…features you rarely find in newer builds. But owning an older home does have a downside, namely energy conservation - or lack thereof.

If you've recently purchased an older home, there are many upgrades you can make to help save money on your energy bills. Start small and work your way up to major projects, such as replacing windows or installing alternative energy sources like solar panels.

It might sound insignificant, but a great place to start when it comes to saving on your electrical bill is with your light bulbs. Use eco-friendly CFL's or LED lights. They are slightly more expensive than the phased out incandescent bulbs, but the savings over the long run are substantial.

For busy families on the go, a great option for energy conservation is a programmable thermostat. New models are so sophisticated that they can be programmed for weekday versus weekend temperatures and even run a vacation setting where the heat or air conditioning is turned as low as possible. Set the temperature to adjust about half an hour before you get up in the morning or come home in the evening for optimal savings and comfort.

How old are the appliances in your 'new' old home? Upgrading the appliances to Energy Star rated models can save you up to 30 percent annually on your electric bill. Look at the labels on your refrigerator, oven, dishwasher, washer and dryer to determine if they are Energy Star rated.

Another option for optimum energy conservation in an older home is adding insulation. You can insulate your roof and walls with blown-in cellulose. You'll be amazed at what a difference it will make to the comfort of your home.

When your budget allows, consider updating the windows, heating and air systems and replacing the roof to maximize your energy conservation.

Thinking of buying or selling in the Keswick or Georgina area?

Get in touch with me to see how I can help! 905-251-3520 hannagillis@royallepage.ca

Tips to get that perfect lawn

Fri, 20 May 2016 15:32:37 GMT

Instead of turning green with envy over the flawless state of your neighbour's lawn, here are a few tips to turn yours into a point of pride.

Sharpen the blades on your mower annually. A clean cut eliminates risk of disease. Also, lift up the mower blades one or two notches while you're at it to keep your grass at a reasonable height, forcing the roots to grow stronger and curb the need to water more frequently.

The rule of thumb is to cut no more than a third of your grass height and only when it's dry. So, 3 cm high grass would just get a 1 cm cut. And leave those 1 cm cuttings where they land because they'll work their way back into the soil and add nutrients.

When it's time to water, about 2.5 cm of water will do. To gauge that, put an empty tuna can within the sprinkler's spray. When it's full you've reached optimal saturation. It's best to water in the morning before 11 a.m., or after 2 p.m., otherwise the water will condensate before it sinks into the soil. And do not water at night because too much moisture promotes disease.

When weeds do surface, it's best to pull them out by hand. If there are too many, dedicate 10 minutes daily to the job and soon enough you'll be rid of the lot. Be sure to throw some grass seed in the space left behind, to prevent more weeds from calling those empty plots of dirt home again.

It's well worth throwing down some grass seed in the fall and spring to help thicken the lawn but be sure to water it so that the seed takes root. Add some compost or triple mix to foster that growth.

Also, fertilize in spring or fall and be sure to disperse it evenly and sparingly, to avoid burning the grass. To determine your lawn's particular needs take a sample to the local garden shop. The garden pro there can recommend ways to amend deficiencies or balance excesses.

If your lawn has never been aerated and is showing signs of stress, such as soil so compacted that you struggle to drive a weeding tool into it, it may be time to aerate. Poking holes throughout your lawn helps oxygenate the roots and draw down much-needed nutrients and water to the roots.

Thinking of buying or selling in the Keswick or Georgina area?

Get in touch with me to see how I can help! 905-251-3520 hannagillis@royallepage.ca

Make the most of the spring real estate season

Fri, 20 May 2016 15:05:23 GMT

It's no secret that the spring real estate market is a hot one. For buyers, inventory is usually higher, meaning more selection, the snow has melted and it's easier to see decks, foundation, backyards, etc. and you can ensure that you'll be in your new home in time for the summer months. For sellers, listing your home in the spring means more traffic, nicer curb appeal and a greater chance of getting full asking price.

Even though homes move quickly during the spring real estate market, sellers will still need to take measures to ensure that their home is desirable to buyers. Remember, more inventory for buyers means more competition for sellers! You will need to not just attract potential buyers, but also make them want to stay in your home – permanently. Here are some things you can do at home to make sure your home is making a great first impression during the busy spring season:

The first thing to tackle is your home's exterior. Spruce up your curb appeal by raking your lawn, cleaning up flowerbeds, trimming bushes and trees, storing yard tools, kids' toys, garbage bins and anything else that might be lying around. If your asphalt driveway is showing signs of wear, have it sealed. Take a look at the trim around your windows and on your front door and garage doors. Is the paint peeling and flaking off? If so, it's a wise investment to repaint these areas. It will make your home look revitalized and buyers will see that it's well cared for before they even step through the front door.

Inside, clean, clean, clean. Your home should be spotless before each and every showing and open house. Also be sure to pack away photos, knick-knacks and personal items, de-cluttering and de-personalizing the space. If there are numerous holes and scratches on the walls, consider a fresh paint job to really wow buyers, sticking with a neutral colour palette.

Buyers should also do their homework to make the most of the spring real estate season. Spend some time driving through neighbourhoods so you know exactly where to zero in on your home search. Review your finances, decide on a budget and get pre-approved so that you are in the best position possible when it comes time to make an offer. Finally, take advantage of your realtor's wealth of experience and knowledge…ask lots of questions about the home itself and the process of purchasing so that there are no surprises.

Thinking of buying or selling in the Keswick or Georgina area?

Get in touch with me to see how I can help! 905-251-3520 hannagillis@royallepage.ca

Five tips for a quick spring sale!

Wed, 27 Apr 2016 18:29:48 GMT

When your home goes on the market, it is always the goal to see fast results. There are certain ways to get your house in good shape and ready to sell. Here are five tips to follow to help your house sell as quickly as possible.

1. De-personalize

The first thing to do in your home to get it ready for the market, is to de-personalize it. Look around in each room and remove all of the things that are personal to you and your family. As buyers view your home they will be trying to visualize it being their own house and that can be difficult if all they see is your family's personal belongings. So take out family photos, trophies and awards, vacation souvenirs, any religious decor, etc., and save them for your next home.

2. De-clutter

All clutter must go! It is an important step to make your home clutter free. This again will help buyers be able to see the space and picture themselves in it. You want to have clean and clear countertops, tables, flat surfaces, floors, cupboards and closets in your home to give the appearance of more space and have it easy on the eye.

3. Improve Curb Appeal

It is important to stage the exterior of your home too. The outside appearance is the first impression people will have of your home and often potential buyers will do a a quick drive-by first to see if they feel the home is worth viewing on the inside.

Make sure your front door has a fresh coat of paint on it, as well as repaint or stain your porch or deck if needed. Power wash the siding and walkways, and wash the windows.

The landscaping needs to be in good shape and keep all bushes and your lawn well manicured.

4. Have it in "Move In" Condition

Nobody wants to buy a new house that requires tons of work and adding up all of the dollars that you will need to spend on fixing it up.

First have your house immaculately clean. From the floors to the windows, make it shine and hire professionals if needed. Fix all the things that are broken and need sprucing up in your house. Small repairs such as the leaky faucet and spots that need paint touch ups, etc.

5. Choose Neutral Colours

Think beige, cream and grey for example as colour choices in your home. Bold and bright colours may be a turn off for some people and it is much easier to visualize it as their home with neutral tones, especially on the walls.

Tips for tackling a long distance move

Wed, 27 Apr 2016 18:23:26 GMT

While moving is almost guaranteed to be a busy and somewhat stressful experience, moving a long distance has the potential for downright chaos. Here are some tips you should keep in mind when planning your big move.

Be selective when purging – Yes, you definitely will want to get rid of a lot of stuff, especially considering most companies charge by weight for long distance moves. But do a little research before ditching items – if it's more expensive to replace the item in your new city, then it makes more sense to have it shipped.

Truck rental, moving company or moving containers - This is one of the biggest decisions you will have to make. Should you rent a truck and drive your possessions yourself, hire a traditional moving company or are you better off packing everything into shipping containers? Look into each option carefully. Some companies provide no-charge, in-home estimates so you can get an accurate idea of the cost.

Take your time packing – As with any move, there's a chance of items being mishandled. When moving across the country, there's an even greater risk. Wrap furniture well, protecting corners and edges, pack extremely fragile items with bubble wrap or keep them with you and never pack food items, plants or liquids for long distance moves.

Save receipts – If the move is work-related, you may be entitled to a tax deduction come April, so be sure to save a copy of all receipts, from packing materials, to movers, to travelling expenses.

Plan for the worst – You never know what's going to happen from point A to point B, so keep some necessities on hand. Pack a box of essentials to get you through the first week, if the need arises – you'll need a few outfits for each family member, toiletries, blankets and some basic kitchen items.

Decide what to do with your car – Your options are to sell it, ship it or drive it. It's not even an option for a family with a three-month old baby to embark on a 3,000 kilometre road trip but if you're on your own or have older children, a cross-country journey might be an incredible opportunity! Shipping a vehicle is quite expensive but might be the better option if purchasing a new vehicle isn't in the budget.

Make a statement with your driveway!

Wed, 27 Apr 2016 18:20:13 GMT

A driveway can add a lot of value to your home and enhance its curb appeal, making your home looked lovingly maintained and inviting.

The most common driveway surface in Ontario is asphalt. Smooth, black asphalt is easy to shovel, provides an even surface for kids to play, and a clean, simple look. Generally, it is the most cost-effective option and lasts about 10 years. Asphalt driveways require regular sealing to prevent cracks and fading. Patterned asphalt is a relatively new option where a brick or stone pattern is stamped into the asphalt. A cement compound is added on top to provide the colour and texture of brick or stone. This will cost more, but provides a more custom look. Research this option carefully to ensure it doesn't reduce the longevity of your paving.

More expensive than asphalt, concrete provides the same smooth, clean surface that's easy to work with in our climate. Concrete will also need regular maintenance. A sealer every three years or so will help minimize cracks. Concrete driveways can be slippery, so sealants often contain a traction agent. In addition, concrete must have expansion joints cut into the driveway at regular intervals or the driveway will crack. Concrete provides increased longevity for its added cost, lasting 25-plus years. Stamped and coloured concrete is also an option, giving a natural stone look, cobblestone, or even brick to match your home's exterior style.

Interlock driveways are often the most expensive paving option available. Interlock is available in every design and finish you can imagine and at every price point as well. Labour is the real cost as individual concrete, stone, or brick pavers are hand-installed. Longevity is a consideration for this driveway option as well. Oil spills that would ruin asphalt or concrete are an easy fix for interlock. Just pop out the stained pavers and replace them. And if your driveway's gravel base starts to heave after many years, the pavers can be removed and set aside, the base repaired, and the pavers returned once again. Depending on the quality of the pavers, this driveway should last 30 years or more. Interlock is also the most environmentally responsible choice, due to its long life, ability to be repaired, and its permeability. Water can penetrate the driveway into the ground and stay out of storm sewers.

Whatever option you choose, having a well-maintained driveway adds to your home's value.

Transforming your kitchen from boring to brilliant!

Wed, 27 Apr 2016 17:51:27 GMT

Spring is here and with it usually comes the itch to do some major household cleaning. If your kitchen is looking a little drab and tired these days, take this opportunity to do a little sprucing up as well and bring your kitchen from boring and outdated to modern and fresh, without breaking the bank!

Start with a fresh coat of paint. It's amazing what a couple $30 gallons of paint can do to a room! Check your local paint retailers for cabinet paint or stains. There are so many new paint formulas on the market just for this purpose – and many where you don't have to prep the cabinets beforehand! No sanding or primer needed – just paint. Can't get easier than that.

Another cost-effective way to update your kitchen is by installing a new backsplash. The job is definitely one even the most inexperienced handyman can pull off on their own, with a little research and a plan of attack. Consider a tin tile backsplash for a unique metallic look, try the new peel and stick tiles that look remarkably like the real thing or try your hand at installing a ceramic backsplash in one of the mosaic tile patterns that are so popular right now.

Replacing your cabinet hardware can have a major impact on the entire look of your kitchen. Door and drawer pulls come in many options, so select carefully to complement your overall design. And if you've selected a modern brushed nickel handle and it doesn't feel harmonious with your old wood doors, consider refinishing the doors using some of the tips listed below.

If your cabinets scream 1970, consider staining or bleaching them to help make them more contemporary. Pickled or whitewashed finishes are currently popular. This is where white pigment is rubbed into an unfinished wood to lighten the appearance of the cabinets. A pickled finish looks great in a contemporary or country setting when applied to a traditional-style cabinet.

Simple DIY fixes, no matter how small, can make a world of difference!

Tickets on sale now for the Talent Showcase April 1 - 2

Thu, 24 Mar 2016 11:11:57 GMT

The event you've been waiting for!!

We've held the auditions, now watch the talent!!

The QP Factor Showcase takes place April 1 - 2 with three showtimes and tickets are only $18.

Tickets can be purchased directly through the Stephen Leacock Theatre at the box office, or by calling 905-476-0193, email at slt@georgina.ca or through website https://secure1.tixhub.com/georgina/online/index.asp

Friday, April 1:

Show begin at 7:30 p.m. for participants ages 16-plus.

Saturday, April 2:

Matinee at 2 p.m. for participants ages 15 and under.

Evening show begins at 7:30 p.m. for participants ages 16-plus.

2015 Tax Deductions for Homeowners

Wed, 16 Mar 2016 02:33:00 GMT

Tax season is here and if you’re like most Canadians, you’d love to find a few ways to keep more of your hard-earned dollars in your pocket. If you’re a homeowner, there are a few tax breaks to look into before filing for the 2015 tax year.

First-time homebuyers can still claim $5000 if they purchased a home in 2015. Qualifying homes include single-family and semi-detached houses, townhouses, mobile homes, condominiums, and apartments in duplexes, triplexes, fourplexes, or apartment buildings. Some co-op housing also qualifies, so it’s worth checking if you bought a co-op property in 2015.

A home purchased by or for a person with disabilities also qualifies for the same $5000 tax credit regardless of how many homes they’ve owned before. As long as the person is qualified for the disability tax credit, they can claim the $5000 homebuyers credit.

Senior homeowners, or those who live with them, can claim the Healthy Homes Renovation Tax Credit for any improvements to a home that help a senior live safely. Available in Ontario only, renovations for wheelchair accessibility, grab bars, railings and other features qualify for this tax credit, regardless of income. The credit is based on 15% of eligible expenses up to $10,000. The new Ontario budget has killed this credit, so 2016 is the final year to claim it.

Additionally, seniors living in Ontario who own their own home can apply to receive the Ontario Senior Homeowners’ Property Tax Grant (OSHPTG). This program allows seniors to receive a $500 per year grant toward their property taxes. You apply each year so seniors applying on their 2015 tax return will receive the grant for their 2016 property taxes.

Work with your tax professional to make sure you take advantage of all of your qualifying tax credits for 2015.

Here are additional resources:

Homeowners: http://www.cra-arc.gc.ca/tx/ndvdls/sgmnts/hmwnr/menu-eng.html

Healthy Homes Renovation Tax Credit:

http://www.ontario.ca/taxes-and-benefits/healthy-homes-renovation-tax-credit

Ontario energy and property tax credit: http://www.cra-arc.gc.ca/bnfts/rltd_prgrms/ntr-eng.html#ptc

Neighbour etiquette

Wed, 16 Mar 2016 02:32:00 GMT

Our relationships with other people help define who we are and a good relationship with your neighbour is no different. You have invested a lot of time and money into your home and filled it with your loved ones and your most prized possessions, so why not extend this way of thinking into the community. A strong and safe neighbourhood depends on the people living in it. Investing in a positive relationship will benefit everyone.

Communication

One of the easiest ways to prevent problems is to stop them before they begin. Taking a few minutes to be friendly with a simple hello or a smile can go a long way in developing a good relationship with your neighbours. Be approachable so your neighbours are comfortable coming to you if an issue arises. Being able to talk out problems will go a long way in maintaining your relationship.

Reconcile Problems

Keep in mind your relationship is what you make of it. You should be comfortable approaching your neighbour if there is a problem, but looking at the big picture. A good neighbour is a blessing. Disagreements can happen, but taking the time to work it out will only benefit you in the end.

Be Respectful

Consider their lifestyle. Being respectful of noise levels can levels can go a long way in cultivating a good relationship. Saving noisy lawn work for afternoons and keeping quieter evenings will help neighbours overlook nights you wish to entertain late. Respect each other’s privacy. Your neighbours don’t want to hear your business as much as you don’t want to share it.

Finally don’t be the person everyone on the block is talking about. Control pets, share parking spaces and maintain your lawn.

Benefits

Having a good relationship will not only eliminate stress, it will also make your home and community safer. Knowing people around you can give you a sense of security and can make you feel more secure when you are away from home. Not to mention many neighbours become great friends.

New down payment rule now in effect

Wed, 16 Mar 2016 02:24:00 GMT

If you’re in the market for a new home this spring, a recent change to the rules surrounding insured mortgages might affect you.

The new rule came into effect on February 15, 2016 and will affect buyers shopping for homes with price tags over $500,000.

Homebuyers will now have to put at least a 10 percent down payment on the portion of the price of a home over $500,000. For anyone buying a home for $700,000, that means the minimum down payment will rise to $45,000 from $35,000. Any home under $500,000 still requires only a down payment of five percent and Properties valued at $1 million and above still require a minimum down payment of 20 percent.

The new rule will affect first-time buyers in expensive markets more so than homeowners looking to ‘move up’ to a larger home, as they will have built-up equity in their current home, which they can put towards a down payment on a more expensive home.

Over the past seven or eight years, the federal government has made a number of important changes to insured mortgages. According to Finance Minister Bill Morneau, the latest change was made to “contain risks in the housing market, reduce taxpayer exposure and support long-term stability.”

If you have any questions about the new mortgage rule, please don’t hesitate to contact me!

What to do after you’ve found your dream home

Wed, 16 Mar 2016 02:22:00 GMT

One of life’s most exciting events is the purchase of a new home. Whether it’s your first or fifth time, buying a home is always a cause for celebration! It might feel like the hard part is over once you’ve signed on the dotted line but the to-do list is always a long one in anticipation of closing day.

Here’s a look at some items you’ll want to cross off your list:

Before you make an offer:

Sit down and figure out a budget. Don’t just consider your monthly mortgage payment. As a homeowner, you have to think about property taxes, utilities, maintenance, furnishings and unforeseen expenses.
Hire a realtor. Ask friends and family for referrals.
Obtain a mortgage pre-approval to give you a clear idea of how much the bank is willing to give for the purchase of a new home.
Hire a real estate lawyer to assist with any legal questions that might pop up.

After your offer is accepted:

Hire a home inspector. Your realtor will likely be able to recommend one they have experience with.
Complete any conditions included with your offer, like conditional financing or a home inspection. If there are any problems with the conditions (i.e. a roofing issue) you will need to discuss your options with your realtor.
Visit your lender to confirm financing. They will want to view your signed Agreement of Purchase and Sale and may conduct an appraisal on the home.

If all the conditions are satisfied, you will have to sign documents stating that each of the conditions are either waived or fulfilled. The offer will then become firm.

Planning your move:

Obtain home insurance.
If renting, provide notice to your landlord.
Notify your current utility companies and contact new ones if required.
Complete change of address cards or contact Canada Post to arrange for your mail to be forwarded to your new address.
Set aside funds for closing costs.
Start packing.

Auditions being held March 4, 11 and 18. Register NOW!

Sun, 28 Feb 2016 21:37:22 GMT

Have a special talent? Your chance to shine in the spotlight is finally here! Auditions for the QP Factor Talent Showcase will be held on 3 different dates but you must first register!

Auditions will be held:
March 4 and 11 at The Stephen Leacock Theatre,
130 Gwendolyn Boulevard, Keswick, ON
AND
March 18 at The Queensville United Church,
20453 Leslie Street, Queensville, ON

Please contact Karin Simpson at qpfactortalentshow@gmail.com
or call 289-470-1326 to arrange for your audition.

Should you buy a fixer-upper?

Sun, 28 Feb 2016 21:24:54 GMT

If you’re a fan of HGTV, you’re probably familiar with the reality shows that depict old, run down houses being transformed into spectacular, renovated dream homes. During an hour-long program you watch as demolition, redesigning, framing, drywalling, kitchen and bathroom installation, landscaping and much more are completed in a whirlwind of activity. Looks easy, right?

It might be! If everything goes smoothly and you’re prepared for some hard work, remodeling a fixer-upper can be a fun, exciting and rewarding process. But here are a few things to consider before taking the leap:

It pays to get dirty – One of the best ways to save money is to roll up your sleeves and complete some of the work yourself. Demolition (tearing out old cupboards or ripping up carpet), refinishing hardwood, painting walls, assembling new cabinets, etc. are all tasks that you can complete yourself, saving on labour costs. Is this something you’re willing to do?

Dealing with undesirable living conditions - This is if you plan on living in your fixer upper during the renovation process. Washing dishes in the bathtub and preparing meals in a microwave might get old quickly, especially if you have young children.

Unforeseen expenses – Any time you’re dealing with an older home, there is the possibility of a few surprises behind those walls. Even with a home inspection, between plumbing and electrical, foundation and flooring, you never know what you’re going to find! Having a back-up budget just in case renovations do not go as smoothly as planned or unexpected costs arise is always prudent.

Be wary of getting in over your head, financially. Sometimes the cost of renovations, combined with your mortgage and time ends up costing more than the home could ever be worth, based on size, neighbourhood, etc. Even if you plan on staying in the home for years, it’s wise to always be thinking of resale value.

Are you ready to buy a home together?

Sun, 28 Feb 2016 21:19:55 GMT

Are you thinking of moving in with your partner? Before you take this massive relationship leap and start picking out furniture, sit down with your sweetheart and have a serious discussion about what buying a home together entails and what your expectations are. Ironing out all the “details” before making any moves will allow your buying experience to be one filled with joy and excitement and help avoid disappointment later on.

The Financial Consumer Agency of Canada (FCAC) offers these tips for couples looking to take the step towards home ownership:

Have an honest discussion - This isn’t the time to sugar coat things - before you combine your finances, it is important to talk to your significant other to get a better idea of their spending habits, income, debts and savings. Discuss the possibility of opening joint accounts (chequing or savings) to cover your essential household expenses or to save money. Whatever choices you make, you should agree on how your joint accounts are to be used, and the amounts you will each deposit into them.

Figure out a budget - Once you have agreed on the lifestyle you would like to have, you can draw up your budget to obtain an overview of your total income, your essential and non-essential expenses and your ability to save. You may not particularly enjoy drawing up a budget, but simply setting objectives, such as purchasing a house or condo and saving for your children’s education if planning to have a family, will motivate you to draw up your budget and, more importantly, to stick to it.

More information about how to draw up a budget is available online on the Financial Consumer Agency of Canada (FCAC) website, fcac.gc.ca.

Source: Financial Consumer Agency of Canada (FCAC)

New year resolutions for your home

Wed, 13 Jan 2016 03:59:00 GMT

The start of a new year is a great time for resolutions. For this year's resolution, why not make some promises to yourself about your home? Make a list of your top home priorities for 2016 and enjoy that feeling of satisfaction when they're done. These five tips will help get you started!

1. It's an excellent time to get a handle on your home insurance, review your policy and make sure it still fits your home's needs. Contacting your insurance company may also reveal some savings too! Bundling home and auto insurance, for example, can often save money.

2. January is also a great time to review home safety. Replace the batteries and test your smoke and carbon monoxide detectors. Having one smoke detector per floor and at least one carbon monoxide detector is a requirement of most home insurance policies.

3. Another great goal is paying off your mortgage more quickly! Are you getting the best rate possible? Can you add an extra payment or increase your monthly payment to really make a dent in that principal? Contact your mortgage holder and have a conversation about how you can best meet your specific mortgage goals.

4. How about improving your home's energy efficiency this year? Maybe it's time to replace those old inefficient incandescent with some superefficient CFLs or LEDs. Most hardware stores carry an excellent selection. Also, add a power strip to electronics to defeat phantom load - the energy still being used even when devices are turned off.

5. And perhaps most satisfying is decluttering! Consider choosing one room a week, or even just one closet, to organize and declutter. Donate anything you haven't used in a year (or never liked anyway!). You'll be amazed at how much more space you have.