Should I Buy or Sell First? What’s Less Stressful?

Buy or Sell First? What's Less Stressful? This is one of the most common issues our clients have and it plagues them with unanswered questions and sleep loss. “If I Buy first, I’ll have to have sell my home by a certain date. “If I Sell first, I’ll feel forced to buy a house. There isn’t a magic answer, however, there is a formula for making the right choice for you. Let’s break down the 4 major steps involved in buying/selling, so we can pinpoint the main stresses, and sift out all the other “annoyances”. Stage 1 – Education and Preparation This is the stage where you prepare your home for sale and get accustomed to the market you’re buying […]

Investor’s Tips for Happy Long-Term Tenants

A happy tenant means a happy landlord. Happy tenants are more likely to renew their lease, keep you informed of any issues in the property, and also take care of the property being rented. Here are a few investor tips to maintain a good rapport and keep your tenant happy. Be a proactive landlord – Make sure the property is in good condition when the tenant moves in. This determines the quality of your tenant and how they will treat it themselves. It’s a good idea to establish grounds for open communication and educate the tenants on the property rules and quirks. Be responsive to the tenants’ needs – Tenants, like most people, don’t appreciate being ignored so return calls, […]

Parking Matters

Parking Matters – Blog Parking is a big deal, even if you don’t have a vehicle. All of our buyers looking in Toronto’s parking restrictive core get this crash course.  There are many different parking scenarios in Toronto, so we attempted to rank them according to our biased experience from most to least favourable. Parking Via Public Laneway Arguably better than private drives. Your land is utilized better with no driveway, and it also has better curb appeal, and more front or back yard space. Most city public laneways are wide and accessed by concrete. A main negative to laneway parking is the laneway being inaccessible if another car blocks the way, or if there is a large snowfall that […]

Credit Matters!

Let’s talk credit as it relates to real estate. A good credit score complimented with proven income are the main imputes required for a mortgage approval. It’s never too late to check, maintain and improve your score. Start at either of Canada’s main reporting agencies Equifax or Transunion. Long story short, a score of 700 basically implies you’re in the clear, and have maintained your credit facilities well enough for most lenders to be satisfied. Under 680 might imply more hurdles for you to jump through to satisfy a lender. Remember, your rating is based on many factors being reported and a statistical calculation of all those factors. So be proactive and aggressive, as a banking error might miss a payment or a […]

Make Your Home Smart

Make your house smart! Here’s a guide, broken down by category, to help you sort through the plethora of products. Assistant Temperature Sound Lighting Security Safety CO and Smoke Alarm Cleaning Smart Plugs Hacker Alert! Assistants are voice-controlled products that make it easy to control your smart home products simply by voice activated commands. There are a few different products like Amazon’s Alexa and the Google Home. Each one of these products have pros and cons, so choose the one that will work more closely with your needs. Once set up, you can connect it to all other compatible smart home products to be able to control your lights and anything plugged into a smart plug.   Similar to the […]

Downsizing to a Condo – The Lifestyle Transition

Living in a house is quite different from living in a condo. There are things to consider when making the transition from a house to a condo, including costs, living space and lifestyle. As the market continues to rise, houses may be less affordable and downsizing to a condo is becoming a popular option. Condo Living If you want to downsize from your family home, a condo is a more affordable option. The average cost of a condo in Toronto in 2018 was $552,423, compared to the average cost of a house, which was $1,009,535. Forget about mowing the lawn, shoveling the snow, and landscaping, that’s someone else’s job now. Even if you live on the second floor, you do […]

Knob and Tube Wiring

Knob & Tube wiring pops up during a real estate transaction. It occurs when a buyer discovers it during a home inspection, or a responsible seller discloses it.   What is it? Pictured above is the way houses were most commonly wired between 1880s and 1920s. Individual wires are suspended from white ceramic knobs and go through ceramic tubes where passing through joists. If a home was built in the 1930s or earlier, it was likely wired with Knob and Tube. Knob & Tube is actually still an approved and safe form of wiring by the ESA (Electrical Safety Authority). For the dry facts, read more info here. What’s the deal? The main source of headache is when buyers are […]

Aluminum Wiring

Aluminum Wiring In Your home is okay, but involves some Insurance “Fun”. Aluminum wiring is common in homes built in the Mid 1960s to Late 1970s and is still a completely acceptable form of wiring according to the Electrical Safety Authority (ESA). You still need to be informed, and if buying or selling a home with Aluminum wiring, you should be informed of the solutions and costs. Homes with Aluminum wiring can be perfectly safe, and insurable but you need to understand the safety issues and understand what insurance companies will want. There are still safety concerns with aluminum wiring: Creep Aluminum expands more than copper with the heat produced with electrical flowing. Constant expanding and contracting can cause the […]

Why You Should Get A Home Inspection

The Smart Way to Go For the typical home buyer, a home inspection should be considered an essential stage in the purchasing process. It arms you with a detailed report from a true expert who has gone through an extensive checklist of virtually everything that could go wrong with the property and eat into your pocketbook. This includes the roof, grading, plumbing, electrical, heating/cooling, and so forth. To make a long story short, the home inspector acts like a physician giving a physical, without the annoying waiting room.   Timing is Everything Many home buyers have the mistaken idea that they need to wait until after they’ve made their purchase to get a home inspection, as an exercise in due diligence. […]

Downsizing

Do you need convincing to downsize? Are you ready? Are you ready to downsize? Are you an empty nester or ready for a change? Condo living can present new opportunities, greater freedom and a simpler life. Maybe you want a more urban, stylish and pedestrian lifestyle. Maybe you want to minimize your possessions and have less home maintenance. Maybe your house really needs a renovation or you own a cottage where you spend a lot of your time. BUT… You are worried about living in a smaller space or choosing the right floor plan for your lifestyle. You might think it’s difficult to find the right condo in the right area. You are nervous about condo fees, reserve fund, condition […]

How To Handle Inconsiderate Neighbours

  No matter where you live, house or condo, you run the risk of living with an annoying or inconsiderate neighbour. Whether it’s excessive noise or harassment, having a bad neighbour is very common. If you haven’t experienced it yet, consider yourself lucky! If you have or are currently dealing with an inconsiderate neighbour, check out the following tips for how to handle it: Communication – Talk to your neighbour about the issue that you are having so they are aware. They may not be aware that they are being inconsiderate to those living around them. This often helps the feud from spiraling out of control. Ensure you are being assertive and not aggressive. Avoid Retaliation – No matter how frustrated you […]

Increasing Value of Outdoor Areas

The value of outdoor space often gets overlooked when placed on the market for sale. Toronto often experiences long winters and when the snow finally melts and temperatures begin to rise, you start thinking about going outdoors. Most people wait until this time of the year to start thinking about what they will do with their outdoor space. Whether it be a small yard or a large, private backyard, homeowners can take the opportunity to capitalize on their outdoor living space. All additions will give your space character and a chance to show your personality. Outdoor areas that have additions will make it more inviting, and will increase value to a buyer when placed on the market. Below are 5 additions and […]