Christina, Author at Lets Talk Real Estate Team - Page 18 of 24

Bitten by the reno bug?

May 5,2021 | Guelph Living

Bitten by the Reno Bug, here are a few things to keep in mind before you start…

WHERE TO SPLURGE & WHERE TO SAVE

No matter the size of the project, you have to start off with knowing your budget and a plan!

Having a plan means doing your homework! Whether this is your first reno or fifth, each project has its own challenges and it’s important to understand what you’re getting into. 

Before you start:

Always get references for your tradespeople and contractors! Take a look at past projects, talk to past clients and, if you get a chance visit their current project and check out their site. Is it clean, safe and are those clients happy? Look at the workmanship. If red flags are going up take a step back and ask questions! There are no silly questions and you are spending a lot of money on your principal residence so it is important to have a full understanding of what you will be getting. 

Once you have found that local builder that fits your family and you have completed your homework, leave it to the pros. They have a team of professional trades they work with and trust. A good project manager will coordinate your project and take the pressure off your plate.

Always remember to be patient, and schedule update meetings so you know how things are going. It’s better to come to the table with a list of questions than to call every day.  

Best of luck, hope this helps when you are ready for your next renovation.   

Here’s some advice:

 1. I don’t know how many times I’ve heard the phrase, always add 30-40% to your budget and timeline for the extras and unexpected issues.  Don’t let this scare you off, but rather prepare you for the task at hand.

2. Ask yourself this before you start: Is this your forever home or a short-term stepping stone? This should help guide you in making decisions on finishes and adding upgraded features to your home.

3. Start shopping around and get to know the costs for your finishes that you want to select. There’s a big difference between marble and porcelain, custom cabinets and big box store cabinets etc. If you know what you want ahead of time it will help keep your budget on track.

4. Builders are not mind readers, the more information they have of your expectations upfront will ensure a good working relationship.  It’s your money, you have to know what you are getting upfront. Bring samples and pictures of what you like, so there’s no confusion. AND ask questions!

5. Frequent conversations and site visits can help ensure you are aware of what is happening in your home. This is important to help problem-solving and getting ahead of problems before it’s an “issue.”

6. Don’t get caught up in the “wants.”  Be realistic when it comes to your own lifestyle and needs.

7. Set your renovations up into different phases. It can help you manage your budget and have more realistic expectations as you move forward.

8. Do-it-yourself demo can save you some cash and time. This applies to the areas you know you can handle.  Knowing your strengths and weaknesses can save money and time if used wisely.  You may be able to do the dirty work, take out the old carpet, remove those kitchen cabinets etc.

9. Reuse materials. For example hardware handles, appliances, lighting fixtures, trim etc. It all depends obviously on your end goals but sometimes a little TLC and paint and bring your existing pieces back to life.

10. Doors, casing, and baseboards…splurge if you can. These are the show stoppers of a room. Entering into a room with lovely doors and quality trim speaks volumes.

11. Permits: This is not the time to save, this is a must. Spend the money and get all that work completed inspected for peace of mind and also when it comes to resale.

12. If you have a friend who is an electrician or plumber, you can maybe trade-off services that can be beneficial to both parties! (This really applies to smaller projects).

13. Flooring is also a splurge in my books. This is an item if it’s tile or wood it’s time to pick the best you can afford.  I say save on the exotic woods and use what we have available to us in Canada. Again if you have pets and don’t tiptoe around your home, maybe you can save and use durable engineered wood.

14. Ask your contractor for visits multiple times through the process. ASK QUESTIONS! Make sure you have a full understanding of what is happening. Ask them to go over electrical drawings so you know where each plug and light will be, ask where vents will go etc. It is easier to make changes in advance than after the fact!

15. Keep it Classic, using too many trendy products will date your renovation, and you may have some regret sooner than you think. Paint is cheap, and it’s a great way to add personality to your space.

 

Thanks Emerald Designs for your input on this Blog! 

 

 

Multiple offers, crazy bidding wars leading to over asking prices- this is what we have been seeing time and time again. If you examine the market over the past four years or so you will see that this increase in the number of home sales has been on a steady incline. And although you can argue that we have seen the largest jump since the pandemic I do believe we have been heading in this direction for years.

Last May we saw a record-breaking low sales, clearly the effect of the first lockdown and so much uncertainty, but the Guelph market has not only caught up with activity levels but well surpassed the previous sale peak of May 2017.

As I was on social media last night I came across this below graphic from Home Group. It is really interesting to actually look at the price per square foot. Now obviously housing prices are up, but if you look given inventory levels the prices have not inflated that much.

 

Prepping your house for sale

Apr 21,2021 | Guelph Living

A very common discussion I have with clients is how to prioritize the work around the house to maximize how my home will show once it hits the market.

 

You might have a few repairs that need to be done. Or some cleaning and decluttering to do. You might even want to do some painting or redecorating to get your property looking its best for potential buyers.

 

When it comes time to put together the marketing material for your home, there are improves that will make the home show better, improve the photos and virtual tour and increase the traffic to your listing.

 

No, I can’t pick up a brush and do the painting for you! But I can help in two other important ways:

 

  • Help you figure out what needs to be done to get your property ready for sale. (It might not be as much work as you imagined.)
  • Recommend contractors, cleaners and other reputable professionals who can do the work for you.

A simple conversation can help alleviate some of this stress and with a proper game plan and timeline, we can have your home looking it’s best to maximize your sale price.

It’s all part of my job to make the home selling process go smoothly for you.

 

Please call or email me anytime.

Selling a Home “Off Market”

Why would a seller choose to sell their home before it goes on MLS in such a hot seller’s market?

This may seem like a “head-scratcher” to someone who thinks that all that goes into selling homes lately is putting a sign in the lawn and waiting for offers to roll in! Now, this may seem like the case in some instances, however, those who witness and participate in these transactions week in and week out, know there is a lot more that comes with selling a home.
Houses hold more value than just brick and mortar, emotions account for a lot of value to each homeowner. There will always be instances where money will not be the deciding factor in real estate transactions, having a property sold quickly and quietly can have enough value to warrant not putting the home on MLS, and of course some of the stress that goes along with this.
Buyers are not necessarily getting a “deal” on the home, and it can be the contrary, but the value to the buyer would be that they would not have to compete and possibly lose the property. The value to the seller is you are achieving an acceptable offer without the possibility of not selling for less than you would expect plus the added bonus of the stress of showing your home (at times).
It can be a Win-Win for both sides and that is why it is so important to be aggressive as a buyer and “Take your Shot”. In such a hot seller’s market, the buyers that go above and beyond and hunt down potential houses have sometimes been the lucky ones who actually secure a property.
Recently, I sold one of my listings before we even put the sign in the ground. My clients were going through some emotional hardship and just wanted to sell (of course at a good price) as fast as possible. Using my network and connections within CBN we were able to secure an offer over asking and off-market!
Of course, you need to weigh the opportunity cost of this if you are a seller. There is a potential you are leaving money on the table. But as I have said over and over there is no crystal ball in real estate and the offer in hand may be the best offer recieved.
It is beneficial to lean on your Realtor to try and provide whatever insight they may have into upcoming properties for sale. It is a Realtor’s job to be in the know and to communicate with other Realtors about potential listings and keep an eye on the market.
This is simply my opinion on the pros and cons of homes selling without being listed on MLS, but as we are seeing in this 2021 real estate market, things can change very quickly.
All the best,
Nick

Planting Tips with Addy

Apr 12,2021 | Guelph Living

Fun spring gardening activity! Hope you received your seeds! Below is a step-by-step guide and video to help you to start growing:

  1. Decorate your pot
  2. Add soil (suggestion to use a spoon for small hands)
  3. Add your seeds
  4. Water (suggestion to use a spray bottle or dropper for daily watering)
  5. Write the name of the plant on a popsicle stick OR keep the seed package for replanting
  6. AND WATCH IT GROW!

Addy wanted to give us a hand this year so we put this video together for further instruction, enjoy!

 

 

This year we could all use a little pick me up and what better way than getting outside for some fun while supporting the children in our community! I am excited to do the run again this year with my family. Hope to see you there.

Join Team Fitz

Details: 

Join Big Brothers Big Sisters of Guelph on June 27th, 2021 for a 5KM, 10KM, or Half Marathon race through the beautiful Guelph Lake Conservation Area in support of Guelph youth! All proceeds from participant registration and fundraising will support Big Brothers Big Sisters of Guelph’s life-changing mentoring programs and all race finishers will receive a medal and swag bag full of goodies!

Register today as an individual, or create a team with some friends and family! Be sure to register on a “team” with anyone you would like to be at the start-line with. All races will begin in heats to prevent large gatherings, so start times will vary between races. If you register on a team, you and the other participants on the same team will be given the same start-time.

The safety of our participants, volunteers and staff is our primary concern – The 2021 Big Little Run will follow ALL COVID-19 protocols and guidelines.

Days on Market in such a hot market.

Looking at the stats during this hot sellers market, it can be hard to wrap our heads around how quickly these properties are selling.
One stat that has been catching my eye is the DOM (Days on Market) and not for the reason you think. As of the last market report, the DOM for the City of Guelph was 9 days, which is obviously a tell-tale sign of a seller’s market. However, I believe this number is inflated due to the sales strategy of holding off on offers until a certain date.
With this strategy, the sellers sign a 244 form and request a date and time that they will review any offers that are submitted on the property. In most instances, this date is 5-7 days from the initial date of listing.
In my opinion, I believe that a lot of the properties that have sold in the past month would have easily sold in the first day or two if the sellers would allow it. So with most sales being forced on the market for a minimum of 5 days, it is seeming impossible for the average DOM to be lower than where it is.
With all the hype around this seller’s market, I am sure most people don’t need this metric to gage the market, however, as a real estate professional and constantly reviewing the details of the market, I find it interesting how this stat, in my opinion, is inaccurate. Just another side effect of such a hot seller’s market.

2020 was a wild year. Obviously, the pandemic changed so much for so many people in such a short period of time. I can’t express how lucky my wife and I have been that our business was only affected (we shut down for a few weeks completely when the pandemic first hit) minimally. 2020 ended up being a banner year for us and we are so grateful to have worked with so many amazing people. We truly love our job (we really do!) and we eat, sleep and breathe it! Whether around the kitchen island, in the car, office, or even on vacation! We work every day to ensure our clients are always taken care of and never passed off.

Thank you again to our clients for trusting us with your homes – we are privileged to work with you.

 

Charming century home in Guelph with chic designer backyard

Mar 11,2021 | Buying

Thoroughly modern interior: Sunlit, bright and spacious

When looking for a house, have you ever considered the perspective of the home itself?

If you have, 39 Derry Street in Guelph is one lucky property.

David Ruhl and Lee Vosburgh lovingly renovated the two-bed, two-bath, charming red brick house, which was built in 1894.

They purchased the home in 2013 and over the course of eight years have completely redone it. It was a task this particular couple is uniquely equipped to do.

Ruhl is a licensed, professional engineer who owns residential design and construction firm Ruhl Builds; his background is in building science and restoration. Vosburgh, a design graduate from OCAD University, is a creator and influencer who runs the popular blog Style Bee. She has impeccable taste, a designer’s eye and a commitment to sustainability.

“The curb appeal is what kind of got us here. It’s just got a really kind of classic look,” says Ruhl. They were also attracted by the camber-top windows, the original floors and high ceilings.

The pair met when they were both living in downtown Toronto. This house reminded them of the brick charm of their old Annex neighbourhood and had lovely details you don’t often find in newer homes.

“It had an old urban vibe,” says Ruhl. “The interior, however, was basic. It hadn’t seen a friendly renovation hand in many, many years.” The builder reckons the last time any work had been done was likely sometime in the 1970s.

Older homes can often be a bit of a hodgepodge. Someone may have renovated part of the house; years later, someone else renovates another.

The duo made sure to tackle every room, with the aim of creating a cohesive feeling. They took down some of the old plaster, put up drywall, added insulation and replaced windows—a lot of infrastructure work.

They also put in a new kitchen and new bathrooms. “It’s got a modern minimal look inside, but we’ve maintained the character,” says Ruhl.

Vosburgh loves the beautiful natural light that is plentiful in the home. “Definitely for me, a large part of my work is photography and so the natural light in here is really something I cherish,” she says.

They restored some of the trim and kept the walls white. Many remark that the home feels incredibly spacious, which the pair attribute to this light and the high ceilings. “We just wanted it to be as open as it can be, with lots of neutrals and calming spots to just rest the eye and body,” she says.

One of their most impressive projects was the backyard revamp. “Back in the day it was a pretty weird, dank yard,” says Ruhl. It just hadn’t been made a priority, adds Lee.

The new owners will be able to just move in and enjoy. They won’t have to live through the messiness of a remodel: the dirt, the gravel, the concrete being poured. They can simply sit back, relax and admire the details, such as the gothic picket fence where each slat was cut by hand one at a time.

The backyard renovation took about four months and couldn’t have ended at a more perfect time. They finished up just as Covid hit, when suddenly they had this great outdoor space to enjoy.

“We really wanted it to feel like a little hidden oasis. You don’t see it from the road and you don’t really see it from inside the house until you’re out there,” says Vosburgh. “It’s like this surprise little paradise. Because we have these big maples, it’s really nicely shaded with dappled light coming through, so it’s nice and cool even in the dead of summer. A little firepit extends your use of the space when it’s colder, so it’s a really great three-season outdoor area.”

Vosburgh’s favourite part of the house in the kitchen. Ruhl completely updated it; it now has beautiful vaulted ceilings and skylights. “It just is such a fun place to cook and spend a lot of time in,” she says.

The neighbourhood is filled with character-rich homes and is part of the King George Public School catchment area. There’s a good mix of people, including a few who have lived in the area for more than 50 years, as well as couples and young families. The area is very dog-friendly and there are bike trails nearby; less than two blocks away is Wolfond Park, then the Speed River. Walk ten minutes and you’re in downtown Guelph.

The two believe in the stewardship model rather than outright ownership. “We make homes as best as they can possibly be and then we’re ready to hand over the keys,” says Vosburgh.

“The things that the house needed to have done to it have been done,” explains Ruhl. “It’s sort of our general philosophy with building. We want to do things well and make sure that Derry will now stand here for another 100 years.”

Inspired by Ruhl and Vosburgh’s talents? Follow them on Instagram. You can also learn more about their backyard remodelling project.

For more information, visit Nick FitzGibbon’s Let’s Talk Real Estate or call 519-821-3600.

AS SEEN OF GUELPHTODAY.COM

https://www.guelphtoday.com/spotlight/charming-century-home-in-guelph-with-chic-designer-backyard-3519530

Spring is just around the corner…

As we roll into Spring, and buyers are licking their wounds from a very lopsided seller’s market, we are seeing trends develop in the Guelph and surrounding area real estate market. With inventory still very low, sellers are in the driver’s seat and they are seeing properties in the neighbourhoods sell for record-breaking numbers.

I will be the first to tell you that I do NOT have a crystal ball and I can’t predict the future, but I do believe that after coming out of the “Covid 19 Stay Home Order”, and as we enter into better weather, we may be seeing more homes come onto the market as sellers grow more comfortable with the idea of strangers coming through their homes. This may be a pipe dream, and I am not a fool to think that we will suddenly see a balanced market this Spring, but I am hopeful that a slight influx of inventory may result in some relief for those buyers who have spent the last 2 months being aggressive searching and still coming up short.

That being said, I do believe that the value of these homes is being solidified with sale after sale proving their worth. So as I hope there may be less pressure while purchasing a property, I do believe the values will not waiver and the current prices of these homes will remain similar.

I hope this brought some insight into my thoughts on this explosive market, but as always, don’t hesitate to reach out with any questions or inquiries.

All the best,
Nick