Christina, Author at Lets Talk Real Estate Team

Christina, Author at Lets Talk Real Estate Team - Page 17 of 19

Around the GTA we are seeing so many new home building opportunities. Typical this is a great opportunity for both investment and principle residences, but it is important to consider the following:

1- Incomplete Phases: Inquire on what will be built around you (if not already complete). Buying in an incomplete area leaves a lot of unknowns.. Will a high rise be built behind me? Will church be built around the corner causing a lot of street traffic? etc. Depending on what all the phases of the neighbourhood are, it can be a huge financial win for the purchasers. Getting in early on new building sites in the Guelph area has proven to be a great investment – you just have to live with some mud.

2- Construction: With most new builds you can be surrounded with dirt, mud, machines and noise. Ask your realtor how long expected construction will be and when it is projected to have sidewalks and landscaping especially if you have children and animals.

3- Model Home Tricks: The model home that convinced you to purchase typically is full of upgraded features, professional interior design and of course upgraded appliances. Do not walk through the model and expect your new home to look the same on day one. Ensure you have a understanding of all upgrade costs prior to placing a deposit.

4- Know what is included: Just because the model home has a dishwasher, it does not mean it is included. REVIEW your agreement and ensure you have a clear understanding of what is coming with your new home. REMEMBER everything is negotiable – this is a big purchase and you have the right to make some requests and amendments.

5- Completion dates: Gets the builders expected completion date in writing. Many tend to be rolling targets which can impact you especially if you have a property to sell. A lot of the time new builds are ready for occupancy later than expected- so mange your expectations.

**TIPS**

Book an inspection: Even though this is a new home, be sure to have an inspection at your final walk through to ensure everything is in working order.

Watch construction: This is YOUR home- be involved. Get a friend or family member who knows quality construction to walk through with you during the building process to look for any red flags.

Happy Building

-Nick

(My Wife, Daughter and I in our updated kitchen)

#1- HIGHTEST RETURN:

Kitchen & Bathroom Renos: You can expect to see 75%-100% ROI when completed. Kitchens and bathrooms are both high traffic areas, so having a fresh and updated look goes a long way! On a budget? Add some elbow grease to freshen up your tiles and try painting your cupboards.

Interior & Exterior Painting: Painting indoors or outdoors you can expect a 50% -100% ROI. As mentioned above, paint can really brighten a space and instantly give it an updated look. If you are considering painting before listing, try to stick to a NEUTRAL colour pallet in order to help attract the most amount of people. Whites and greys are pleasing to the eye and give an updated feel to the home.

#2- AVERAGE RETURN:

Roof/Furnace/AC: Although a necessary evil when owning a home, we generally see a 50%-80% ROI. Most people are visual and if they can’t picture themselves in the home they are purchasing that becomes more of an issue than a roof/furnace/AC that isn’t visible. As long as these three things are in working order you are set!

*TIP*- don’t forget to change your furnace filter with each season!

Basement Reno, Fireplace Install, New Garage, Windows, Deck: Your return on investment here is 50% & 75%. These are all items that will only appeal to a certain demographic. Important to when/if you decide to do these updates that you will get the use out of it, so the investment makes sense for you.

#3- LOWEST RETURN:

Skylight: 0%-25% ROI. In all the homes I have had inspected there is usually an issue with the skylight. Essentially you a cutting a hole in your roof… so think about it? Water always seems to be an issue and again not always a great feature that appeals to the masses.

Pool: 10% – 40% ROI. You either like pools or you don’t. You either want the added work in your backyard or you don’t. IF you are going to use a pool AND love it while your live there- GO FOR IT. But if you don’t think you will be living in your home longterm it is a poor investment.

Hope this helped check some things off your list of home improvements! Keep in mind a lot of the above improvements are dependant on the house itself. If you have any questions about what improvements you should spend your money on, let me know!

Buying in Guelph guelph homes guelph real estate Move to Guelph ROI

As a new parent I definitely look at homes differently. Things you wouldn’t have considered before become top of mind. Here are a few tips to help navigate buying a home for a family with children.

#1- Bedroom location: Are you comfortable having you kids on a separate floor than the master for extra peace and quiet? Or are you looking for all rooms on the same floor? Bedroom placement can really help with daily life and flow of the home so it is important to consider

#2- Layout: You can always add storage solutions but you can’t (completely) change the layout of the home. Open concept or a line of sight from kitchen to family room is a huge bonus with kids. Inevitably you end up in the kitchen either cleaning up from the last disaster or prepping for the next meal, so if you are able to do that while watch the kids it can really be a life saver.

#3- Play space: Whether it is a backyard green space you can see from indoors, or a indoor space to hold those big bulky toys- having a play space is definitely a nice to have for both children and parents. Lets face it, we all need our OWN spaces in the home.

#4- Hot & Cold Spots: How your home is heated & cooled is important. Wood burning stoves and base board heaters can be hazards for little ones, so it is important to look into heating when purchasing. Also in older homes you want to look at how the home is insulated so you can ensure rooms are not getting too hot or too cold especially for infants.

#5- Proximity to amenities: Distance to amenities and ability to walk places with your children may be on your wish list. Not having to pack up a stroller every time you go to the park can really be an asset. As always with real estate LOCATION LOCATION LOCATION

#6- Safety: This seems like a no brainer but it is important to do your homework on a property you are interested in purchasing. Different areas in cities can be more family oriented than others and you want to know that before you purchase. Traffic around your home is also something to consider- living on a main or busy road may not be ideal for road hockey and games 🙂

buying Great Neighbours Move to Guelph Parents Tips

Let’s face it. Who enjoys paying rent for our kids? Every month you make a payment to a landlord you never see, and then poof, that money disappears and it’s gone forever.

So why not purchase and start putting those rent cheques down on the principal of a home? Sure, you’re still making that monthly payment, but it’s going towards a property that you own. Then, when your child is done University you can sell with 4+/- years appreciation in a market that has continued to grow.

Guelph is continually ranked as one of the best cities in Canada to invest in. With many self sustaining industries, Guelph’s ‘little bubble’ is showing no signs of slowing down. 2018 ranked by MoneySenseas one of the top 4 cities to invest in real estate in Canada.

So what are the pros and cons, you ask??

PROS:

When you’re dealing with students you can rent by the room, which increases your bottom line.There’s no need for expensive finishes like granite and hardwood; units need to be functional, clean, and well done, but high-end materials won’t give you a return on investment.An abundance of potential tenants. Your child is most likely going to have preferred roommates, but for whatever reason, if that doesn’t work out there is a deep well of potential tenants to choose from.In many cases you’re dealing with young people on their own for the first time, so you can usually ask that parents co-sign the lease. It makes the default rate very low.While there’s a high turnover rate, it’s a predictable rental cycle. Leases start and end at the same time every year, which means only having to deal with it once every 12 months

CONS:

You might only need to worry about renting once a year, but depending on how many rooms you have available, that still means a lot of applications and a lot of screening. Hopefully if you are renting to your child and his/her friends they can be screened and secured in advance!You have to keep in mind that your tenants are often leaving their parent’s house for the first time and may not know how to deal with simple issues around the house. This means that even small things like changing light bulbs or tripped breakers may result in a phone call or house visit. Teachable moments for your child perhaps!

Hope this brief overview of buying vs. renting gives you a better understanding of the pros and cons in the city of Guelph. If you have any questions and would like to talk further on this topic don’t hesitate to reach out.

Nick

buying first time home buyers guelph homes Moving to Guelph Rent Rental Market

Having a hard time keeping your home organized and clutter free? You aren’t the only one, I have struggled with this for years. I have finally found a routine that works for me.

Here are the helpful tricks that I follow to ensure my home is organized at all times:

Do a clutter check

Set a side an hour each week to go through your home to organize anything that is out of place. If you’re having a super busy week, or always seem to be busy, take 10-15 minutes every evening and give your home a quick once over to ensure everything is in place and organized.

Give everything a home

Designating a place for everything, including papers/ mail, T.V remotes, keys, wallets & chargers. Purchasing bins or decorative dishes to keep this items contained to one designated space.

Create space

Areas in the home such as the kitchen, living room and play rooms tend to be places where items from all over the home are left behind. Creating space or a drop area for these items such as a “drop” bin/container will help keep these areas organized. At the end of each day or week go through these drop bins from each room and put everything back in their place.

Every few months re-organize

Taking a couple hours every few months to sort through items in our bedrooms and living areas will help ensure these spaces stay organized and tidy. This is especially important if you have kids. Children tend to grow out of their clothing, toys and other items quickly. Removing these items from your home will help to keep it feeling more organized. I typically like to donate these unused items to friend and family who will love them the way we once did.

-Alli

Clutter free guelph homes homeowners Homes for rent spring cleaning

New home builders in Guelph are commonplace for most of its residents, but many are starting to notice an abundance of low and mid-rise condos popping up in the bustling south end of our city. The south end is an obvious choice for commuters because of its proximity to the 401. This means that both residential and retail builders are cashing in on the high population of people who do, and would love to, call the south end home.

For investors, the south end has been a popular choice because of the high appreciation rates over the past few years and the quicker turnaround when it comes time to sell. Finding an opportunity to invest has been challenging for some as the competition for a limited number of available units has been tough.

Recently, a south end building that was originally geared toward rental suites changed direction and opened its building up to sell to private owners instead. The changes were quick, and it offered a new opportunity for Guelph investors to purchase new build units without waiting in lines or camping out. This situation doesn’t come along often so working with a realtor even when looking for new build opportunities can be the edge that you need in today’s competitive market.

Some units are still available in the Vantage building. You can download the floor plans

Some other new moves in the south end can be seen in the proposed changes for adding more height to the future condos in Guelph. Tricar, a builder that has already built an 18 storey building downtown, is looking to add the same higher density living to the south end of Guelph. You can read more about the proposed changes HERE.

Whether you are a fan of the growing Guelph Metropolis or not, the city seems to be changing at a fast pace to accommodate its expanding commuter appeal. The large addition of South end condos to Guelph will hopefully offer new opportunities for its current residents to enter into the housing market either as home buyers or new investors. It will also allow for a steady growth of new residents who wish to call our great city home.

What do you think of all the new additions to the south end of Guelph? Tell us some of your thoughts in the comments below!

Condo Boom Guelph condos guelph real estate Investment properties Guelph market report

Whether you’re brand new to home showings or an old pro, it can be easy to forget simple things when getting ready to have people walk through your space. First impressions are always important and with the number of buyers in our current market, you may be in for a large amount of traffic through your home. Here, we have compiled a handy checklist to help make sure you are fully prepared for every home showing.

1. Remove personal items and pictures from main areas (think refrigerator doors, fireplace mantel, etc.)

2. Make sure to do a thorough cleaning of your home. On the day of the showing remember to clear last minute messes like crumbs on the counter from breakfast, toothpaste remnants in the sink and half full garbage cans on display. Focus on cleaning areas that buyers may touch like banisters and door knobs.

3.Make sure your home smells clean. Make sure all pet toys, litter boxes and beds are put away, along with any dirty shoes or gym bags. Avoid strong smelling plug in air fresheners, but focus on fresh, relaxing smells like fresh flowers or brewing coffee.

4. Remove any decorative items that may block important features. Roll up old carpets that detract from nice hardwood floors, take down old shower curtains in small bathrooms etc.

5. Remove any items that impair traffic flow or make spaces seem cramped. Think about items like a coat rack that confines your entry way or tables or shelves that you have to shuffle by.

6. Arrange for animals to be locked away in a cage, separate room, or for them to be out of the house with you for showings.

7. Make sure all personal items and paperwork are filed away and out of buyers reach. Have all prescriptions, medications, credit card statements or other financial info under lock and key.

8. Have all blinds and window coverings open to let in natural light. If you can, leave the home lights on for the buyer’s arrival. This can be especially important if you use energy efficient light bulbs in darker rooms as they take time to achieve full brightness.

9. Make sure all beds are made and there are fresh towels in the bathrooms.

10. Have all kids toys in the home and the yard put away neatly.

11. Make sure all lawn or snow maintenance is done prior to arrival (i.e. grass cut, hedges trimmed, driveway shoveled and salted, etc.)

Tell us some of your thoughts in the comments below!

Guelph homes for sale Home sale prep selling staging staging your home

There are generally 3 camps when it comes to looking at homes with pools. You can have people who have had a pool in the past and can’t live without one, the undecided, and people who absolutely don’t want to deal with them. We have decided to list all the great things about pools to convert the undecided and maybe give the “absolutely not” club some new things to think about.

You’re the “go to” house.

The warmer weather is a perfect time for getting together with friends and family. When you’re the pool owner, it makes your home an obvious choice for having a great bbq or pool party. If you’re the hosting type then having a pool is just another outlet for people to enjoy when they come over!

It’s great exercise.

Having a pool offers a great way to burn some calories at home. There is the obvious way like swimming laps, but playing pool games with your kids can be just as effective without even knowing it!

You don’t have to do all the work.

With the invention of pool systems and robot cleaners, it has become way easier to maintain your water and pool area. If you want that personal touch, having a company come in to maintain your system is more affordable than ever.

Aesthetically they look great.

Pools can add a great feeling of luxury and summertime feel to basic yards. They are also surrounded usually by a fantastic patio or deck!

It’s a great way to relax!

After a long day, you can always sit by the pool and unwind.

Tell us some of your thoughts in the comments below!

Buyers Tips guelph homes guelph real estate homes for sale Pool

Beginning the search for your first home can be a bit daunting. Where do you start? Who do you call? What comes first? These are some of the most common questions I get from people starting to think about entering the buyer’s market. Below we have put together some tips for how to tackle these questions and some helpful links to get you all the information you need to start.

Where do you start?

The best way to begin the process of buying a home is to determine what your budget is. Some helpful factors to take into consideration are how big, and where your down payment will be coming from. For first time home buyers, RRSPs can be used to help with up to $25,000.00 of your down payment on your first home. If your down payment is coming from your savings, you may want to be conscious of the percentage of a down payment that you have available and what that will mean for you long term. Here are some links to helpful tips on funding your down payment, the cost of CMHC insurance and other first time home buyer programs:

Down Payment Options

First Time Home Owner Programs

Once you understand your options for your down payment it’s time to get pre-approved. The most obvious place to get a pre-approval from is your everyday banking institution. Most people can qualify directly through the home branch of their bank, but there are benefits to shopping around. A mortgage broker has access to a large amount of different lenders on both the A and B side of lending and can help to do the comparing of rates and options for you. The best part? They cost you nothing to use and get paid directly by the lender. Once you’ve gone through the process of getting a full, committed pre-approval (not just pre-qualified) you will understand your budget requirements and can move onto the next step!

Your Needs and Wants

Buying your first home is an exciting time and most people have been dreaming about what their first homes will be like long before they even start looking. Now that you have your budget and finances organized, you can begin to make a list of your must haves. It’s important to remember that you are honest with yourself when making this list- there’s no time for second guessing in today’s market! Write the first draft of your list and then take a look at some of the listings in your area. You may be in for a rude awakening when you find that you can’t get everything on your list while staying in your budget.

Talk to a Realtor

In today’s market, the listing prices on homes and the amount that they actually end up selling for can be anywhere from $10,000 different to over $100,000 different. This is why it is important to find yourself a realtor who is in touch with the current market. They can help you get realistic about your needs and wants or talk to you about options you may not have considered. Once you’ve had a good honest talk with them, you can begin to receive emails with all the new listings in your preferred areas that fit within your desired budget. Then all you have to do is call up your agent to schedule a showing if one catches your eye.

In today’s competitive seller’s market, the buying process can be time consuming and frustrating. Be prepared to put in multiple offers on a home and have a few losses along the way. Being new to the game does come with an added perk of the land transfer tax rebate (you can find more information HERE), but the process of finding your home can test your patience. With how much Guelph has grown in the past few years and how popular it has become, it makes the market a fast-paced competitive place to be, but it also proves that buying here could be your best investment yet.

Tell us some of your thoughts in the comments below!

buying buying a home first time home buyers

In such a seller’s market, it can sometimes slip home owners minds’ to think about how to make their home more appealing to today’s buyer. Most homes in the Guelph area are ending up in bidding wars anyways, right? You would be surprised how much more people are willing to open their pocket books when you do a little bit of work to get your home ready for showings. Here are some easy tips for ways to set your home apart and get people insisting on having it.

1. Improve Your Landscaping

Trim up your gardens, walkways and lawn. In the winter, make sure all your driveways and walkways are shoveled and salted. Any wandering weeds or messy driveways may distract buyers from truly looking at the potential of your yard or the front of your home.

2. Clean the Outside

The curb appeal of your home is very important. You want buyers to have a great impression of your home before they even step inside. They also want to feel confident in how well you have taken care of your home while you’ve been there. Cleaning out your gutters, washing windows and screens can make a big difference. Another handy product to use are home washing systems that attach to your hose and clean off any old dirt and grime on your siding or brick.

3.Make repairs

Remember how we want potential buyers to feel confident in you as a previous owner? Having wiggling door handles or toilets, broken trim or cracked tiles all add up in a buyer’s mind as things to be done once they move in. Having a home that seems turn-key and ready to go will be sure to bump those offers up!

4. Make the Front Door Inviting

First impressions are important. Buyers will spend a minute or two waiting at your front door for their realtor to open a lock box to get entry to your home. You want your front door to make buyers excited to get inside and not starting to look for flaws as soon as they step in.

5. Eliminate Bad Odors

Having a scented candle or a lingering smell of fresh baking for a showing or an open house are great ways to make buyers feel right at home when they walk in. Another thing to remember is that not everyone is a cat or dog lover (crazy, right?!) and they don’t want to smell your dog’s bed or cat’s litter box at any point during their visit.

6. Remove Clutter and Depersonalize

Everyone has clutter, but clutter stops buyers from being able to see the bare bones of your home. When your house is free of clutter and only has the necessary basics or well-staged rooms, it gives buyers great ideas on how they can make your home their own. You also don’t want your personal tastes to clash with someone else’s so take down anything that you think may rub strangers the wrong way. Also, remember not to just shove all your belongings in closets or crawl spaces- buyer’s tend to look into the storage spaces of your home to see where they will have room for all their stuff!

7. Make Every Surface Shine

It goes almost without saying, but a clean home sells better than a dirty one. Make sure you get into all the nooks and crannies of your home to give it a spotless shine and feel. This can sometimes be difficult with pets and hectic schedules so don’t be afraid to hire in some help with clean up- it will more than pay off when the offers come in.

8. Take the Colour Down a Notch

Your kids may love their fluorescent pink bedroom, but buyers who don’t have kids, or have kids with different tastes, may be turned off by the extreme colour choices. You want buyers to spend time in every room imagining what they could do with it, not reaching for their sunglasses. Same goes for your mustard yellow rec room or burnt orange kitchen- keep the colours neutral and complementing.

Tell us some of your thoughts in the comments below!

getting home ready to sell guelph listing listing your home selling

Author: Christina

Things to consider when purchasing a new build

Home Upgrades: The Best ROI

BUYING TIPS: 6 things parents shouldn’t forget when purchasing a home

Renting Vs. Owning Your Student Rental

Stay Organized & Clutter Free

The South End Condo Boom

Home Showing Checklist

The Pros of Buying a House With a Pool

Tips for First Time Home Buyers

8 Quick Tips For Getting Your Home Ready To Market

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