Red Deer Real Estate Blog

Aug. 14, 2018

BBQ Maintenance

According to the National Fire Protection Association (NFPA), more than 160 people are injured each year in BBQ mishaps. That doesn't sound like a lot considering the thousands of people who flip burgers on their backyard grills each year. But, you certainly don't want to be one of those injured! The best way to prevent fire and injury is maintenance. Remarkably, few people are even aware that BBQ maintenance is necessary. But, it is. Every spring, experts say you should clean out the venturi tubes. Those are the little metal pipes that carry propane or natural gas. Pipe cleaners work well, although hardware stores also carry specialized tools for this purpose. The goal is to clean out any builtup dirt and debris. Don't be surprised if you find spider webs inside a venturi tube! Your BBQ grills should also be cleaned with soap and water each year. Just scraping them before barbequing isn’t enough. Fat and oils from cooking can build up on grills and harden. If you're getting a lot of flare-ups, this may be the cause. Finally, make sure nuts and bolts are tightened regularly, and replace any rusty hardware. Regular use, heat and weather can loosen or weaken bolts, particularly on the frame. Several fires each year are caused by BBQs tipping over or collapsing.

Posted in News
June 13, 2018

What Type of New Home Are You Qualified to Buy?

When you think about looking for a new home, one of the first questions that probably comes to mind is: "What type of property can I afford?" That's an important question because your price range is a major determining factor in the types and sizes of homes you should be viewing.

You don't want to waste time looking at properties that are beyond your price range. At the same time, you don't want to purchase a less-than-ideal home, only to realize later on that you could have afforded more.

So how do you determine what type of new home you are qualified to purchase?

The first step is to find out what your current property would likely sell for in today's market. We make that calculation for clients all the time. It involves reviewing what homes similar to yours have sold for recently, as well as other data — such as special features your home may have that are likely to boost the selling price.

Once you know the current market value of your home, subtract any outstanding mortgages and estimated selling expenses, and you’ll end up with an amount that can be applied to the purchase of your next home. (You may also have other funds you want to use.) The next step is to talk to a lender or mortgage broker to see how much of a new mortgage you qualify for. (Call us if you need a recommendation.) It's important to get a Pre-Qualification or Pre-Approval. That makes the offer you make on a new home more credible.

If you want to find out the types and sizes of homes you can get into, give us a call. We'd be happy to show you the possibilities!

 

 

 

 

Posted in News
March 21, 2018

Open House Questions Some Buyers Forget to Ask

An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel like a party! In an environment like that, it’s not unusual to forget to ask important questions about the property.

Here are some of the most common:

• How old is the roof? • How old is the furnace, air conditioner and other HVAC equipment?

• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.)

• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property turnover, etc.)

• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers, window coverings.)

• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)

• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on the foyer floor.)

• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways, public “right of way” through the property, water drainage rights from neighbouring homes, etc.) Y

es, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer. But, it’s important to take the time to ask the right questions and consider your decision carefully. You don’t want to find out, too late, that there were questions you should have asked. Want more tips on finding the home of your dreams? Call the Red Deer Home Team today.

Posted in News
Feb. 21, 2018

Subtle Signs it May Be Time to Sell

Sometimes the reason for putting your home on the market is crystal clear. For example, you might have a job relocation and need to move. Or, you might have decided to downsize because the kids have left the nest.

However, there are many other motivations to list your home that are not as obvious, and yet are still good reasons to make a move. Here are just a few examples...

• You’re bored with your home and are looking for a change.

• There’s something you’ve always wanted in a home that your current property doesn’t have, such as a wooded backyard.

• You want to be closer to work, or to activities you enjoy, such as golf.

• You want to be closer to family.

• The neighbourhood is changing in a way that no longer fits the lifestyle you want.

• There’s another neighbourhood you’ve always dreamed of living in.

• Your tastes have changed and you want to live in a different type of home.

None of these reasons makes it an absolute necessity to list your property and find a new home. Yet, they’re all worth considering, especially if moving will make you and your family happier, and provide you with a more desirable lifestyle. Want to talk about the possibilities? Call us  today. 

Posted in News
Feb. 6, 2018

Should You Rent Out Part of Your Home?

Have you ever considered renting out a room to a student or renovating your basement into a self-contained rental apartment?

It’s a big decision. There are many pros and cons to consider. On the pro side, renting can provide you with additional income. An extra few hundred dollars a month can go a long way towards paying down your mortgage or splurging on an exotic summer vacation.

Creating rentable living space in your home — for example, an “in-law suite” featuring a kitchenette and bathroom — may also increase your property’s market value.

On the con side, you’ll have more costs and responsibilities as a landlord. For example, you might need to purchase extra insurance because basic home insurance policies typically do not cover rental units, even if you’re just renting out a room. You’ll also be responsible for dealing with repairs sometimes in the middle of the night.

Also, if you’re not careful about the renter you choose, you might end up with a “problem tenant”. For example, you could have a tenant who is consistently late on rent payments or simply stops paying. That can be stressful.

If you’re deciding whether or not to rent, be sure to check local laws and regulations. Many jurisdictions have very strict rules regarding renting out space in a residential property, and those rules change frequently. Make sure you get the latest information.

Posted in News
Jan. 11, 2018

Using Neighbourhood Data to Help Sell Your Home

Your neighbourhood has a lot of features that can help sell your home faster. Unfortunately, buyers don’t usually notice those features just by driving around. So, you need to make sure they get all the information they need about your neighbourhood.

For example, say homes don’t go on the market often in your area. That’s an indication that the quality of life in the neighbourhood is so good that no one wants to leave! In real estate we measure the area’s “turnover rate”, and it’s handy data to have when listing your home.

Another bit of data that buyers can’t simply see is the local crime rate. But, most police departments keep those statistics. If your neighbourhood has a low crime rate, that’s an obvious plus to sellers.

Demographic data can also be helpful when selling your property. If your neighbourhood has a lot of families, for example, that’s going to be appealing to buyers with kids.

Even local development plans can play a role in making your home more attractive to buyers. If a new ramp to a major highway is in the works nearby, getting to work is going to be easier. That’s a big benefit to commuters.

Other types of data that can help sell your home include:

• Planned local construction.

• Proposals for neighbourhood improvements. (For example, a new playground.)

• Rates at which local property values are increasing.

Any information that shows the advantages of living in your area is going to be useful when selling. By the way, this is the kind of information we put together to provide to prospective buyers when selling your home. Contact us today.

Posted in News
Nov. 20, 2017

Common Household Items that Can Cause a Fire

You never want to smell smoke in your home and realize there’s a fire. That’s why it is important to be diligent about fire safety. Experts recommend that homeowners be especially careful with the following common household items:

• Portable heaters. Never leave one in a room unattended. Make sure paper and other combustible materials are well away from these units.

• Electronics chargers. We all want our computers, tablets and smartphones to charge quickly. The price we pay for that convenience is chargers that pull in a lot of power, making them very hot. Keep them away from combustible material, as well as other wiring.

• Smoking materials. Be careful with cigarettes, pipes, cigars and other such items. Bedding and upholstery, which burn slowly and dangerously, are the source of 75% of smoking-related fires.

• Candles. Never leave candles unattended for any reason. If you must leave the room, extinguish them.

• Flammable liquids. These can include paints, thinners and some brands of cleaning products. Read labels carefully and follow the safety instructions.

To paraphrase a famous expression: An ounce of prevention is worth not having to deal with a house fire.

Posted in News
Nov. 1, 2017

10 Reasons to List Your Home This Month

Is selling your property the furthest thing from your mind? Well, here are some reasons for listing your property that you might not have considered.

1. Your property may be worth more than you think. (It’s difficult to determine market value on your own. I can calculate it for you. Give me a call.)

2. You might qualify for a better home than you anticipate.

3. Perhaps you are tired of your current property and want a change.

4. There may be homes on the market in a neighbourhood in which you’ve always wanted to live.

5. Your current property may no longer meet your needs.

6. Your neighbourhood may have changed in ways you don’t like.

7. You might be ready to downsize or upsize and you no longer want to put that off.

8. You may want to sell in the fall, so you can have a fresh start in a new home in the new year.

9. Depending on the type of home you’re considering, you could end up with lower mortgage payments or no mortgage at all.

10.You might want to move to a home that’s more conveniently located near work, family and hobbies.

Of course, you may have your own reasons for listing this month. Why not discuss them with a real estate expert? The Red Deer Home Team. We can answer your questions and explain the options available to you.

Posted in News
Oct. 12, 2017

Should You Buy the Latest Home Automation Gadgets?

You’re at work when the thought hits you, “Did I lock the door when I left this morning?” You check your smartphone, see that you didn’t, and click the “LOCK” button. Now your house is secure.

That’s home automation for you!

But, is home automation a good idea? That depends on a number of factors.

On the pro side, home automation can improve your quality of life. There are automation products that will adjust heating/cooling depending on whether or not you’re home, make your morning coffee when you get out of bed, and the list goes on and on. These conveniences save you time.

Home automation can also give you peace-of-mind. It’s comforting to be able to remotely see the inside of your home and check that everything’s okay.

Home automation can also make your property more appealing to buyers. Traditionally, buyers like homes with security systems, and will appreciate other automation gizmos, too.

The only downside is the cost. Like most new technology, home automation products can be pricey and may become out-of-date within just a few years.

Thinking about it? Experts advise you to do your research first. Check out product reviews online. Then, if you determine that a particular product is going to benefit you, go for it!

Posted in News
Sept. 20, 2017

3 Reasons to Talk to a Realtor Today

You might naturally assume that it is most important to talk to a Realtor when you’re selling or buying a home. But there are many other circumstances in which it makes sense to give us a call. Here are a few examples.

1. When you’re at the “thinking about it” stage

If you’re just thinking about selling your home, and haven’t made a firm decision yet, you might feel uncomfortable calling a Realtor. Don’t be. In fact, we welcome your call. We can discuss what your current property will likely sell for on today’s market, and determine the type of home you qualify to buy. That way, you’ll have some clarity and be able to make a more informed decision.

2. If you’re nervous about the selling process

If you haven’t sold a home before, you might be concerned about what’s involved in the process. You might even worry that putting your home on the market is going to be a lot of work and create a lot of turbulence for you and your family. Fortunately, selling your home doesn’t need to be scary. In fact, a big part of our job as a Realtor is to make the process as smooth and trouble-free as possible.

So if you have concerns about selling your home, you should give us a call.

3. If you have questions

You likely have questions about the local real estate scene from time to time. You might have questions like: “How much did that home around the corner sell for?”; “Is now a good time to make a move, or should I wait until the market changes?”; and, “How much is my current home worth?”

When you have questions like those, you don’t need to dig for answers on your own. You can give The Red Deer Home Team  a call. As experts in the local market, we can give you the answers you need. 

Posted in News