When you purchase a home, you’re hoping it will continually go up in value
— just like a good investment.
However, there’s something else that you want to see go up in value as
well: the neighborhood. In fact, the neighborhood plays a key role in what
the home will be worth in years to come. If the neighborhood goes down in
terms of desirability, so will the market value of the home.
That’s why, when shopping for a new home, it’s important to get a feel for
the value of the neighborhood, and whether or not it’s on the upswing.
How do you do that? One way is to simply take a walk. Look at the
properties. Are they well maintained? Is the landscaping groomed and
attractive? Those are signs of “pride of ownership” — a clear indication that
owners value their homes and the neighborhood.
Another way is to do some research. Has crime gone up in the
neighborhood? Are there improvements planned, such as new parks? Is
the neighborhood attracting the kind of people you want as neighbors?
How does the neighborhood school rank?
Some of this information may be difficult to get on your own. A good
REALTOR® can help you. Call today.
Do you have a renovation project in mind – and wonder how much value it
will add to your home? Remodeling Magazine recently did a study of
renovation projects, comparing costs to added value. Here are some of the
Replacing a main entry door has a return on investment of over 95%. After
all, the entrance to a home is one of the first things a prospective buyer
Adding a new deck also adds a lot of value. Depending on the materials
used, you can expect to get back three-quarters of the money invested.
Another high-payback project is the garage door. This once again
demonstrates the importance of a home’s “curb appeal.”
If you’re tackling a big project, such as a basement renovation, you’ll be
glad to know that, according to the study, a project like this adds a lot of
Finally, minor improvements to bathrooms and kitchens – such as adding
new countertops or cupboards, can also be good investments that mostly
pay back when you sell your home.
Of course, these figures are averages and can vary widely depending on
location, type of property, and other factors.
Need help determining how a particular home improvement might impact
the selling price? Call today.
According to the 2015 RE/MAX Recreational Property Report, almost
68 per cent of Canadians would rather spend a long weekend at the
cottage or cabin over a big city getaway. The survey, conducted by Leger,
found that Canadians, of all ages and from all regions, were enthusiastic
about spending time at the cottage or cabin.
Have you checked out the 2015 Recreational Property Report yet?
If you’re relaxing on a Caribbean beach, or enjoying a bus tour through
historic Paris, the last thing you want to worry about is your home. Most
people know the basics of keeping a home secure while away. Here are
some additional tips that are easy to miss:
• Tell your kids not to boast about your fabulous vacation plans,
especially on social media. The fewer who know that the house will
be empty, the better.
• Ask a neighbour to pick up any mail and flyers dropped at your
doorstep. But don’t rely on that alone. Also call the newspaper and
post office to temporarily halt delivery.
• You can buy timers to automatically turn lights on and off. However,
most will stop working if the power goes out and restart with the
incorrect time when the power comes back on. That’s why you
should keep at least a couple of lights turned on continuously, and
not connected to timers.
• If you’re leaving in the evening, or before dawn, don’t forget to open
the blinds. Closed blinds during the day are a dead giveaway that the
owners are away.
Finally, experts recommend creating a home security checklist, so you don’t
forget anything. That will give you peace-of-mind