An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel like a party!

In an environment like that, it’s not unusual to forget to ask important questions about the property. Here are some of the most common:  

• How old is the roof?

• How old is the furnace, air conditioner and other HVAC equipment?

• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.)

• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property turnover, etc.)

• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers, window coverings.)

• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)

• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on the foyer floor.)

• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways, public “right of way” through the property, water drainage rights from neighbouring homes, etc.)

Yes, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer. But, it’s important to take the time to ask the right questions and consider your decision carefully. You don’t want to find out, too late, that there were questions you should have asked.

Want more tips on finding the home of your dreams? Call today.

Watch any TV cooking show, and you’ll notice that a chef’s kitchen looks quite a bit different than what you’d find in most homes. But, that doesn’t mean you can’t have one just like it in your home! With a little remodeling, and splurging on some new items, you too can have a kitchen worthy of Gordon Ramsey, Jamie Oliver, or Rachel Ray.

Chefs love counter space. So, when remodeling, plan to create as much as possible. If you have an existing island, for example, you can replace the countertop with a larger one. Just adding eight inches in both directions will make a big difference.

Most chefs have more than one oven. If that’s impractical for you, consider buying a double-oven stove. Also, chefs prefer gas burners for quicker heatup times and exacting control of cooking temperature.  

One thing you’ll notice about chefs is they love stainless steel. That’s because it’s easy-to-clean, hygienic and durable (assuming you take care of it).

Finally, because chefs spend so much time in the kitchen, they want the space to be attractive and comfortable. So, when remodeling, keep decor in mind.

Even if you’re just an amateur chef, creating a chef-worthy kitchen will make the foodie in you smile.

Sometimes the reason for putting your home on the market is crystal clear. For example, you might have a job relocation and need to move. Or, you might have decided to downsize because the kids have left the nest.

However, there are many other motivations to list your home that are not as obvious, and yet are still good reasons to make a move. Here are just a few examples... 

• You’re bored with your home and are looking for a change.

• There’s something you’ve always wanted in a home that your current property doesn’t have, such as a wooded backyard.

• You want to be closer to work, or to activities you enjoy, such as golf.

• You want to be closer to family.

• The neighbourhood is changing in a way that no longer fits the lifestyle you want.

• There’s another neighbourhood you’ve always dreamed of living in.

• Your tastes have changed and you want to live in a different type of home.

None of these reasons makes it an absolute necessity to list your property and find a new home. Yet, they’re all worth considering, especially if moving will make you and your family happier, and provide you with a more desirable lifestyle.

Want to talk about the possibilities? Call today.

Have you ever considered renting out a room to a student or renovating your basement into a self-contained rental apartment?

It’s a big decision. There are many pros and cons to consider.

On the pro side, renting can provide you with additional income. An extra few hundred dollars a month can go a long way towards paying down your mortgage or splurging on an exotic summer vacation.

Creating rentable living space in your home — for example, an “in-law suite” featuring a kitchenette and bathroom — may also increase your property’s market value.  

On the con side, you’ll have more costs and responsibilities as a landlord. For example, you might need to purchase extra insurance because basic home insurance policies typically do not cover rental units, even if you’re just renting out a room. You’ll also be responsible for dealing with repairs sometimes in the middle of the night.

Also, if you’re not careful about the renter you choose, you might end up with a “problem tenant”. For example, you could have a tenant who is consistently late on rent payments or simply stops paying. That can be stressful.

If you’re deciding whether or not to rent, be sure to check local laws and regulations. Many jurisdictions have very strict rules regarding renting out space in a residential property, and those rules change frequently. Make sure you get the latest information.

Your neighbourhood has a lot of features that can help sell your home faster. Unfortunately, buyers don’t usually notice those features just by driving around. So, you need to make sure they get all the information they need about your neighbourhood.

For example, say homes don’t go on the market often in your area. That’s an indication that the quality of life in the neighbourhood is so good that no one wants to leave! In real estate we measure the area’s “turnover rate”, and it’s handy data to have when listing your home.

Another bit of data that buyers can’t simply see is the local crime rate. But, most police departments keep those statistics. If your neighbourhood has a low crime rate, that’s an obvious plus to sellers.

Demographic data can also be helpful when selling your property. If your neighbourhood has a lot of families, for example, that’s going to be appealing to buyers with kids.

Even local development plans can play a role in making your home more attractive to buyers. If a new ramp to a major highway is in the works nearby, getting to work is going to be easier. That’s a big benefit to commuters. 

Other types of data that can help sell your home include:

• Planned local construction.

• Proposals for neighbourhood improvements. (For example, a new playground.)

• Rates at which local property values are increasing.

Any information that shows the advantages of living in your area is going to be useful when selling.

By the way, this is the kind of information I put together to provide to prospective buyers when selling your home. Contact me today.

Hopefully, this will never happen to you. But, there are circumstances – a fire, for example – when you and your family would need to exit through a window.

It pays to be prepared for that eventuality.

Your first step is to determine which windows are safe to use as an exit. There should be at least one on each level.

The windows you select will need to provide enough space for a person to climb through (at least a 20 inch opening). Make sure everyone knows which windows are “safe exit” windows, and how to open them. Keep in mind that windows may have screens, so ensure everyone knows how to remove those as well.  

For a second floor window, consider purchasing a portable escape ladder. These are compact and easily stowed in a closet or under a bed. When you need it, it hangs off the sill and expands into a ladder all the way to the ground. It’s not designed for everyday use, but it will get you and your family out!

Rehearsal is a good idea. You want everyone to know how to get to the nearest “safe exit” window – especially in the dark.

Finally, keep your windows in a good state of repair. According to the National Fire Safety Association, windows should open easily for everyone, and should not have anything in front of them that will prevent or delay a quick exit.

Imagine you were selling your car, and a prospective buyer was on the way over to see it. What would you do? You would probably make your vehicle look as clean and shiny as possible, inside and out.

The same holds true if you’re selling your home and there’s a potential buyer on the way. You want the buyer to be wow’d by your property. Here’s a handy checklist to follow:

• Clean every room. Make your entire house look as “guest ready” as possible.

• As much as is feasible given the time, reduce clutter. Consider packing some items into boxes and storing them in the basement or garage.

• Get pets out of the house. You can take them for a walk, have a neighbour watch them, or take them to a good kennel.

• Turn on the lights, even during the day. You want each room to look bright.

• If there are any maintenance issues, such as a dripping faucet, let your Realtor know. Often, it’s best for buyers to be told rather than discover such issues themselves.

• Open the curtains, except in those rooms where the sun will be uncomfortably strong during the viewing.

• Move your vehicles from the driveway so the buyer can park there. (That can help them imagine living there, which is what you want!)

• Make sure your foyer is especially clean and uncluttered. It’s the first “room” the buyer visits.

• Avoid cooking just before a viewing. Even if the meal is wonderful, the aroma may linger. (Some people don’t like the smell of certain dishes, such as fish.)

• Freshen up the outdoor space. Mow the lawn. Sweep the walkway.

This viewing checklist will help you prepare your home quickly, so when the buyer comes in your front door, there’s a much better chance he or she will be impressed.

You never want to smell smoke in your home and realize there’s a fire. That’s why it is important to be diligent about fire safety. Experts recommend that homeowners be especially careful with the following common household items:

• Portable heaters. Never leave one in a room unattended. Make sure paper and other combustible materials are well away from these units.

• Electronics chargers. We all want our computers, tablets and smartphones to charge quickly. The price we pay for that convenience is chargers that pull in a lot of power, making them very hot. Keep them away from combustible material, as well as other wiring.

• Smoking materials. Be careful with cigarettes, pipes, cigars and other such items. Bedding and upholstery, which burn slowly and dangerously, are the source of 75% of smoking-related fires.

• Candles. Never leave candles unattended for any reason. If you must leave the room, extinguish them.

• Flammable liquids. These can include paints, thinners and some brands of cleaning products. Read labels carefully and follow the safety instructions.

To paraphrase a famous expression: An ounce of prevention is worth not having to deal with a house fire.