Real Estate Blog

If it's been a while since you last moved, you might be wondering how much you'll need to spend on your next home. That's an important question to answer, even if you're just at the "thinking about it" stage and haven't decided whether or not you'll look for a new property.

After all, knowing your budget might influence your decision.

How should you determine your budget?

The first step is to calculate the maximum you can spend. This involves adding the money you'll get from the sale of your current property after repaying your outstanding mortgage, to any other funds you have available to invest ,plus the maximum amount of mortgage you qualify to receive.

Of course, just because you may qualify for a large mortgage doesn't mean you want those

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As you probably know, it's easy to lower the costs of a renovation. Just hire an inexpensive, fly-by-night contractor - and hope for the best!

Chances are, you won't want to take that risk. So how do you ensure you get quality work while keeping your budget in check?

Here are some tips:

  • Get estimates from at least three contractors. Often prices can vary widely, even amongst contractors with similar reputations and experience.
  • Narrow the project focus. If you're getting a bathroom renovated, for example, decide whether you need the contractor to paint the new walls. Can you do that yourself?
  • Shop around for the building materials. Yes, contractors often have access to wholesale prices. Still, you might be able to find a bathtub and
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On moving day, you'll have a big task. You'll need to get your possessions from your old property to your new one - ideally without delays or damage! Surprisingly, many people underestimate the time and costs involved in doing that. Careful planning and budgeting are crucial to ensuring moving day goes smoothly.

You basically have three options:

1. Hire a moving company to handle everything. 

2. Hire a truck and crew, while doing some of the work yourself. (For example, you can pack and help with loading.)

3. Do it all yourself by renting a moving van and getting friends and family to help. 

If you're going with option one, get quotations as early in the buying/selling process as possible. Services, booking requirements, costs and quality

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If you're thinking about buying a new home, you may be considering purchasing in a new development.

How does that compare to purchasing a resale property?

Buying a newly-built home has some advantages. Depending on the development, you may have leeway in the style of the home, finishes and the lot you choose. Also, when the home is built, you'll be moving into a place where everything is brand new!

On the downside, however, you may be forced to make a decision based purely on marketing brochures and floor plans. Unless there's a model home just like the one you want, you'll be buying sight unseen. Also, there may be unpredictable construction delays - an unpleasant experience if you've already sold your current property. 

Of course, buying a

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It can be tough to make the decision to sell. In fact, for many homeowners, it's overwhelming. If you're considering making a move and struggling with the decision, here are five helpful questions to ask yourselves:

1. "What are our practical reasons for selling?"

This question refers to what you'll get by moving to a new home. The reasons could include a bigger backyard, shorter commute to work, an extra bedroom, a more desirable neighbourhood, etc.

2. "What are our emotional reasons for selling?"

This question refers to how you'll feel about living in a new home. For example, you might feel safer, less cramped, less worried (because the local schools are better), or happier (because the shorter commute means more time with your family.)

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Imagine your coffee maker switching on by itself, staying on for hours, overheating and becoming a fire hazard. That's not science fiction. As more and more appliances incorporate WIFI, the opportunities for hackers to play havoc with your home gadgets increase.

How do you prevent that from happening? Here are some safety tips:

  • If your gadget uses a password to access the settings, change that password frequently. Ideally, change it once every 3 months. 
  • Some gadgets, such as alarm systems, come with their own connection to the internet. Learn how to turn that connection off if it becomes necessary to do so. 
  • Don't leave an internet-connected appliance or other gadget on constantly unless it's necessary. For example, you don't need your
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When you sell, you'll probably want to get the best possible price for your property. Who wouldn't? Unfortunately, there are many ways to inadvertently leave money on the table - sometimes thousands of dollars. 

How do you avoid that possibility? Just remember the 4 Ps:

  1. Prep. Do everything you can to prepare your home so that it looks great to buyers. Clean, declutter, fix, make improvements. Home staging can also help. In fact, effectively staged homes have been shown to sell for up to 5% more than comparable unstaged properties. 
  2. Price. Set the right asking price. That's crucial. If it's too low, you'll attract only deal-hunters - and you might end up getting less than you should. If the asking price is too high, however, you'll discourage
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Here's a surprising statistic. Less than 30% of window replacements are a result of the old windows being worn, broken or otherwise in need of replacement. 

Clearly, there are other good reasons to consider new windows!

One of the most popular motivations is cosmetic. Brand new windows have a huge impact on the overall look of a home, both on the inside and the outside. New windows can improve curb appeal - an important element when you sell a home. From the inside, new windows can dramatically improve the look of a room. 

Another reason to replace windows is to address energy costs. Modern windows are packed with technologies that lower heating/cooling bills. From low-e/argon to special spacer bars to high-insulating construction, these

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Do you have only a few weeks to search for your next dream home? Don't panic. There are things you can do to find the perfect (or, slmost perfect) property - without getting too stressed out. 

Consider these tips:

  • Pre-arrange your mortgage. You want to be able to make a good offer on a home right away, without worrying about financing. So talk to your mortgage advisor or lender about getting a mortgage pre-approval. Sellers will take your offer more seriously if you have financing in hand. 
  • Decide what you want. What type of home are you looking for? What type of neighbourhood to you want to live in? The narrower your focus, the less you'll waste looking at homes that don't fit your needs. 
  • Be open to possibilities. There are probably
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A video message from Julio Florez

Today I am proud to announce my new Real Estate Team and website FLOREZ | BURTON www.florezburton.com with Royal Lepage True North Realty. I have built a team of professional Realtors who believe in the same philosophy of service. Welcome to my loyal Business Manager Donna Donna Perrault Houston, her husband Ryan Houston, Kari Kalinin and Jason Comeau. 

My philosophy is about honest caring and professional advice about Real Estate and about your property.
The new website name honours my Son Benjamin who I always hoped would join my team. It also honours my commitment to mentoring new Realtors.
I hope you find my new website helpful and informative and I ask that you please reach out to me or any of my Team members

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