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Archive for January, 2018

Why Selling in Winter is a Smart Move

Monday, January 8th, 2018

Just because your house in covered in snow and ice doesn’t mean you need to wait for spring to put it on the market.

In fact, some real estate experts believe the December-through-March months actually pay off when selling your home because at least one study by an online brokerage firm suggests that’s when sellers net more above asking and that’s also when houses move more quickly. The reason? Buyers trudging through frost and snow piled knee-high are motivated. They are looking at houses during the deep freeze because they have to. It’s as simple as that.

With fewer homes on the market in winter, your house could become a hot commodity, particularly if it’s in a desirable neighbourhood or if it has good bones and features today’s home buyers want.

Another big advantage to selling in winter is that the outdoor maintenance on your house is much reduced. With the exception of shoveling snow and keeping walkways clear and slip-free, you save time on the grass cutting and weed pulling typically done in spring and summer.

Be sure to keep pathways, stairs and driveways clear of snow and ice. Nothing is more off putting to a potential buyer than having to slip, slide and slog through ice and snow. If need be, make sure you scrape up the ice especially in areas where potential buyers might walk. Be sure to clear a path in snow banks and snow drifts that form due to shoveling and plowing. So whether they’re parking on your driveway or on the street try to clear an area so they can step out of their vehicle easily. You don’t want to annoy house hunters by forcing them to climb over a three-foot mound of snow.

It’s a good idea to warm up your home during viewings. While setting your thermostat above 20 degrees C might seem wasteful and not the most eco-friendly thing to do, keeping your space a degree or two warmer than usual is good practice for showings as buyers will enjoy the warmth and coziness of your home. If you have a fireplace, light it. That adds warmth and ambiance. Just be sure not to leave a wood fireplace unattended for too long.

Winter buyers will be especially on the watch for issues relating to heating so it’s a good idea to have your furnace and HVAC inspected. Be sure to change air filters and weather strip windows and doors. As heating costs will be on their minds, don’t leave signs around that your house is cold and drafty. For example, hide those piles of heavy blankets in your living room and tuck away that draft stopper you keep at the foot of your door.

Add a pop of colour to your home to compensate for the dull, gray days of winter. A seasonal wreath on your door or topiaries at your entrance can lend some excitement. Also ensure your windows are clean as the disappearance of summer foliage means your home is put under the glare of winter sunlight which shows every mark, fingerprint and scuff.

Sources: www.time.com, www.thebalance.com, www.realtor.com

Why Condos Are Having a Moment

Monday, January 8th, 2018

Condos often fit the bill where other housing is either too large, too expensive, too far from the action and often, for many, too much work.

That the Toronto condo market is having a moment right now makes sense. With an average selling price of just over $500,000, condos are a very affordable option for buyers seeking to own their own living space.

According to the Toronto Real Estate Board (TREB), approximately half of those hunting for a house in the city are comprised of first-time home buyers. It can be assumed then that these buyers are typically younger and, as such, possess less money and earnings to carry a single-family home in the million-dollar range. Condos are the perfect entry point to owning real estate in Toronto. As you pay off your mortgage, the value of your investment goes up, allowing you to eventually use your increased capital to buy a larger home or perhaps fund a vacation home or some other such comfort.

The average selling price for condos in the city was $510,206 in the third quarter of 2017, up by nearly 23 per cent compared to the average price of $415,894 that condos sold for during the same period a year earlier.

“The condominium apartment market segment has exhibited the strongest average rates of price growth since the spring, relative to other major market segments,” says TREB president Tim Syrianos. “Competition between buyers remains strong, as listings remain below last year’s very constrained levels.”

Syrianos also touched on the fact that the condominium apartment housing market is not protected from the ravages of a listings shortage. And this factor is also likely driving the condo market.

According to TREB, there were 5,684 condominium apartment sales reported through the MLS system in the third quarter of 2017. This was down from 7,991 sales reported during the same period in 2016.

New condominium apartment listings were also down on a year-over-year basis by 10 per cent to 9,845 in the third quarter of 2017 compared to 10,967 in 2016.

A consumer poll taken for TREB by Ipsos last spring indicated more interest in buying condos.

“Condominium apartments will likely account for a greater share of home sales as we move forward,” says Jason Mercer, TREB’s Director of Market Analysis. “With this in mind, it is not surprising that we have continued to see robust price growth, as demand has remained strong relative to available listings.”

As with any type of housing, there are issues with these vertical homes, but if you’re looking for a space that is centrally located, low-maintenance and affordable, condos can’t be beat.

See Freeman Real Estate Ltd., Brokerage – Condos to learn more about our condo listings.

How Technology Helps Green Our Homes

Wednesday, January 3rd, 2018

There’s no doubt that when historians look back on this time it will be deemed the Age of Technology or some such name that indicates the era as a whirlwind of rapidly changing automation.

Perhaps nowhere is that revolution more evident than in our homes with how technology has served to make them warmer yet more eco-friendly. Let’s take a look at some of the tech advances that are helping green our homes:

Temperature-Controlled Living

Saving us money and time, but perhaps most importantly, saving our planet from environmental ruin are home automation systems that allow you to cool or warm your home remotely. What’s unique about smart thermostats is that technology allows you to be eco-smart so that you are not heating or cooling a space when you’re not there. Sync these thermostats with your iPhone so that your habits are remembered. Some tech companies allow you to use your smartphone to link your temperature controls with your lighting for added savings. Just think: no more fiddling with tricky timers or leaving lights on at all hours to fool people into thinking you’re home. With this technology, you can easily control the timer from anywhere with a simple click.

Tiny Bubbles

While laundering your clothes will never be a snap, there are smart washing machines now that don’t guzzle energy like their predecessors. Equipped with Wi-Fi capabilities, these machines also allow you to use your smartphone to detect any issues that crop up with your washer.

Ditch the Dryer

While that is much easier said than done, dryer chugs through an inordinate amount of energy that rivals your washer, dishwasher and refrigerator combined. Try using folding racks to hang and air dry your laundry or simply hang clothes such as shirts from hangers. Or consider hanging half your laundry and machine drying the other half. Just be sure to air dry the heavier items and let the lighter loads in the machine, which will cut down drying time.

Skip to the Loo

Dual-flush toilets are all the rage and with good reason. Instead of flushing away six gallons of water with each flush, dual-flush toilets only use up either.8 or 1.6 gallons. Let’s say a family of three each uses the toilet five times a day. If they are using an older style toilet then they are flushing nearly 100 gallons of water down the drain each and every day. Dual-flush toilets allow you to select the level of water required for each flush. Another great technological advancement is the toilet that uses gray water from your bath and shower in order to flush.

Eco Padding Your House

While spray polyurethane foam insulation is a workhorse of a product in terms of helping keep homes draft free and temperature controlled, environmentalists don’t look too kindly on it for its greening properties. Soybean-based spray foam is a good alternative as it does not contain the chemical (MDI or diphenyl diisocyanate) that causes off-gassing. Castor-oil based lcynene is also a good option. Cotton denim batting is a good green insulation, though it can be expensive to install and not nearly as easy as foam. Similarly, sheep’s wool is a good eco-friendly alternative, but like denim, it is not as easy to install.

Sources: Mother Earth News, Better Homes & Gardens, Organic 4 Greenlivings, Eco Building Pulse, Green High Five

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.