Tuesday 30 August 2016

Fall lawn and garden care


Fall lawn and garden care

Thursday 25 August 2016

Preventive Medicine for Your Home and Wallet

                Preventive Medicine for Your Home and Wallet
                     By Toronto Real Estate Board
TREB Wire

                                                                  




The purchase of a home is one of the biggest financial investments that most people will ever make, so protecting that investment is paramount. That’s why it’s crucial to stick to a comprehensive home maintenance plan. Constant upkeep of your home will help it run efficiently, save you money and ensure a painless transaction when it’s time to move on.
Today, I’m going to offer you some advice on how you can implement a long-term, low-cost program that could limit the number of repairs you’ll need to undergo when it’s time to sell.
While most of these tips apply to freehold homeowners, everyone should read on to see what applies to their situation. This article also provides a sense of the financial obligations of good home maintenance for first-time buyers.

Regular Improvements
Monitoring your home on a regular basis will help you spot any potential problems before they turn into major headaches. Some suggestions for annual upkeep:
Plumbing
  • Test faucets
  • Clean drains
  • Test main shut off valve & hot water tank pressure valve
  • Clean sump pump
Outside Structure
  • Replace weather stripping around windows & doors
  • Fill cracks with epoxy
  • Recaulk foundation
  • Lubricate garage door
Roof
  • Replace loose shingles
  • Schedule chimney cleaning & roof inspection
Foundation
  • Fill cracks with epoxy
  • Clean up mould & mildew
Electrical
  • Check bulbs, outlets & cords
  • Check detectors & replace batteries
  • Clean lint traps, hood vents and fans
Heating, Ventilation & A/C
  • Replace furnace filters (every 3 months)
  • Schedule annual furnace inspection
  • Cover A/C unit in the fall
Drainage & Landscaping
  • Clean eavestroughs & down spouts (twice a year)
  • Inspect & patch driveway
  • Regrade soil away from home

Long-Term Improvements
Long-term improvements occur less frequently, but may cost a bit more than the average home maintenance routine. Some improvements you may consider working into your long-term budget include:
5 Years
  • Replace sump pump
10 Years
  • Replace hot water heater
  • Install new windows
  • Repaint home exterior
  • Replace smoke, carbon monoxide & radon detectors 
15 Years
  • Replace external doors
  • Replace central A/C
  • Repave driveway
20 Years
  • Replace roof shingles
  • Replace furnace
25-30 Years
  • Regrade property around foundation
  • Replace eaves, soffits & fascia

Other Maintenance Tips
 Consider creating a home maintenance schedule. That way, you’ll ensure you stay on top of your home improvements, and prevent any unnecessary, and potentially costly surprises.
You may want to consider adding a budget for landscaping, fixtures and current finishes. These cosmetic improvements could increase your home’s desirability, and potential value when it comes time to sell.
While this list isn’t all-encompassing, homes are as unique as the homeowners themselves, this list can certainly help guide and ensure your home is more efficient and safe. I hope you’re proud of your investment and wish you continued enjoyment of your home  in the years to come.








The Worst Condo Investing Advice, Ever!

The Worst Condo Investing Advice, Ever!

--AUGUST 24, 2016 - 5 MINUTES READ
--Courtsey of Ryan Coyle, Co-Founder CONNECT Asset Management

In real estate, there are wide-ranging opinions on everything. It seems like everyone – even the inexperienced – have an expert opinion on how real estate will perform.
As a result, we’ve heard some pretty bad advice over the years. Some of it is innocent misinformation. Other times it’s completely off the wall. And believe us, we’ve heard some real doozies over the years.
But of all the awful things we’ve heard, there are a few pieces of advice that are head and shoulders above the rest as pure rubbish. Just the absolute worst!
We’ve compiled some of the terrible tidbits we hear. We’re hoping to dispel some of these ridiculous reasons today.

Worst Condo Investing Advice #1:

“The Condo Fees Aren’t Worth It.”
A lot of the poor advice we hear comes from American real estate sites. The truth is that it’s not bad advice. It’s just misguided. For the markets that these American writers are writing about, they’re probably right. Condos aren’t the best choice in some areas of the US.
In Canada — and especially in Toronto — things are a little different. In many US markets, the cost of condos is comparable to the cost of single family homes. Toronto, as you may know, is a different animal.
According to TREB’s last report in June 2016, the benchmark price of a single-family detached home is $826,400. That’s up 18.77% from this time last year!
Condos in Toronto have a benchmark price of $415,326 for Q2 2016. They appreciated at a more sustainable (but still very profitable) 7.1% since that time last year.
Now the majority of the single-family detached homes are VERY old inventory and need major rents and/or upgrades on almost a regular basis. The condo inventory is MUCH newer and come with warranties, so your overhead outside of the maintenance fees is very little if any at all. I’ve owned a beautiful detached home and I can tell you that I spent tens of thousands on upgrades. I’m happy to say I now live in a condo as my primary residence ðŸ™‚
At less than half of what a single family home costs, the condo fees are a drop in the bucket. And, those condo fees often pay for great amenities like a pool and an exercise room!

Worst Condo Investing Advice #2:

“Developers Are Building Too Many Condos!”
Toronto has some of the lowest vacancy rates in Canada. And condos, too, share these ultra low vacancy rates.
According to a report published by Urbanation, vacancy rates in rental developments are now at 0.5%. Meanwhile, new condo supply has dropped to a 6-year low. We often feel like a broken record, but all the facts are there. We’re in the midst of one hot condo market.

Worst Condo Investing Advice #3

“Rent, don’t buy — real estate is just a money pit!”
This one’s a real gem. The worst of the worst. Real estate is like other investments. It’s possible to get a lemon. And that’s why you protect yourself. We’ve discussed risk minimization at length, and that’s why we’re here to help you.
With new-build condos, Tarion is there to help protect you against shoddy workmanship. If there’s a problem with your condo in the first few years its built, the builder has to repair it themselves. And pay for the repairs, too!
Imagine you bought a condo for $400,000 two years before it was move-in ready. You live in it or rent it out for five years — while covered by Tarion — before selling. At a conservative 5% appreciation per year (remember, GTA condos have appreciated 7% in the past year alone) compounded annually for seven years, you’d be looking at selling your condo for just over $562,000. Now that’s a great return!
The worst advice you can get is to put your head in the sand and not to invest at all. There’s nothing worse than sitting on the sidelines during the golden age of Toronto condo investing. While nay-sayers are crying that the sky is falling, but they’re missing out on the rising tide of Toronto condos.

Sunday 19 June 2016

Intro to reno: A look at hardwood flooring

eieihome

Friday 17 June 2016

Rocket-at-Subway-Condos

Rocket-at-Subway-Condos

Toronto New Condos

CondoNow

Get Toronto's Best Value THIS WEEKEND ONLY!


LIMITED RELEASE OF 1 BEDROOM SUITES at the amazing price!!
ONE BEDROOM at $229,990 + BONUS INCENTIVES upto $30,000



 Watch this vedio Rocket-at- Subway




Live 50 steps to Wilson Subway for easy access to :


  • Yorkdale Shopping Centre
  • Downsview Park
  • Downtown Shops & restaurants
  • York University, Ryerson and U of T all under 30 minutes on subway
  • Much more!!
To schedule an appointment, call me at 647-760-7061


Sunday 12 June 2016

What you need to know about mould in your home

mould
This is not the first time you will hear about the effects of mould growth in your home, and it probably won’t be the last.  The damp and humid conditions that accompany the warmer and wetter summer weather increase the likelihood of mould formation in your home, and this is a tangible concern not only for your home itself but for the health of you and your family. In order to get a better understanding of how to address mould issues, eieihome.com spoke to mould inspection expert Tony Muscat of Inch by Inch Healthy Homes.
Mould and Health
“Many people underestimate the negative health effects that mould can have on their families” Muscat says.  Mould release spores that can be inhaled and may lead to an increased likelihood of experiencing respiratory issues such as coughing, shortness of breath, throat irritation and even allergic reactions.  This is especially true if you have children or the elderly living your the home as they are at the highest risk.
Moisture equals Mould
“ Mould needs moisture to grow and a thorough mould inspection is your best bet to identify and eliminate problem areas in your home.” Muscat says. Poor ventilation, excess moisture from bathrooms and kitchens and water leakage are all primary culprits.  Mould can live on wood, carpeting, furniture and drywall among other places where moisture builds such as attics, closets and basements. A thorough home mould inspection carried out by a professional is your best bet to ensure the problem is properly addressed.
The importance of professional inspection
“Mould growth may not always be easy to identify and remove, especially since it can occur within walls or even in your ceiling.” Muscat says.  Relying on experts and expert technology to carry out a mould inspection will ensure both the correction of the causes of mould growth as well as the proper removal of the mould itself. Inch by Inch Healthy Home technicians are trained to the highest standards in mould remediation and will carry out the processes that are most appropriate for your specific situation.
Suspect mould? Act now
Due to the health risks involved, it is important to act promptly if you suspect mould growth in your home. When you rely on Inch by Inch Healthy Homes you are putting your family’s health in the hands of an organization with years of experience and a strong reputation within the GTA.  You can reach Inch By Inch today for a free estimate by contacting them via their listing, here on eieihome.com.

Wednesday 8 June 2016

7 tricks to help you spend less on natural gas


     (NC) With thermostats turned down and windows pushed open, most people aren't thinking about their natural gas bill during the spring and summer months. But did you know that, next to home heating, the greatest source of natural gas costs comes from heating water and swimming pools?
Here are some tips from Enbridge Gas to help you manage your energy use through the warmer months:

                                                                                                                                                                                                                                                    www.realtorpankajpatel.com
Install a smart thermostat. Unlike ordinary thermostats, smart thermostats adapt to your routine by learning your schedule and temperature preferences. They automatically deliver comfort when you're at home and savings when you're out. Some utility companies even provide financial incentives for their customers who purchase these devices. Enbridge is offering their customers a $100 credit on their bill. Learn more about the Enbridge program at knowyourenergyscore.ca/smart-thermostat.
Keep drapes and shades closed. Even if your windows are closed, they can still let a lot of heat into your home. When the sun is shining in, close your drapes and shades to keep your house cool.
Use a solar blanket on your pool. Cover your pool overnight to keep the water warm and reduce evaporation.
Wash clothing in cold water and hang to dry. Hot water is rarely needed for your laundry. Once clean, hang your clothes outside on a clothesline to dry.
Install low-flow showerheads. Low-flow showerheads help reduce water consumption and lower natural gas use.
Keep your furnace filter clean. Make sure your furnace is working at peak efficiency by cleaning or replacing the filter regularly. A clean filter will help a central air conditioner provide better airflow throughout your house.
Plug the leaks. Use the nice weather as an opportunity to weatherize your home. Small changes, such as caulking or weather-stripping doors and windows, can provide energy savings when the weather cools. More significant changes, like installing Energy Star windows, will help keep the cool air in during the warmer months.
Learn more about energy-efficiency programs, reducing your energy use and saving money online at knowyourenergyscore.ca.

Saturday 7 May 2016

Know the roles of both deposit and down payment when buying a home

(NC) They both start with the letter 'd', and they both require a large sum of money to secure the purchase of a home. However, a 'deposit' and 'down payment' are very different.
“A lot of my first-time home buying clients ask me what the difference between a deposit and down payment is,” says Ray Ferris, president of the Ontario Real Estate Association (OREA). “Simply put: a deposit is associated with your offer to purchase a home, while the down payment is associated with your mortgage. The deposit will go toward the down payment.”
Here is more information to help you decide how much to contribute to each:
Deposit – When you submit an offer, normally you are requested to include a deposit to demonstrate a serious intent to buy the property. This deposit will usually be in the form of a cheque, payable to the listing broker, who will place it in a trust account until the deal is completed or terminated. Your deposit provides the seller with some assurance that you will go through with the sale when the day of completion arrives.
When an agreement is reached and the transaction is completed, the deposit will be credited in full towards the purchase price. There is no standard amount for a deposit, but the size of it says something about how serious you are about buying. Your Realtor can help you figure out the right amount to offer.
Down payment – This is the money that you pay at the time of purchase toward the price of your home. Your mortgage loan covers the rest.
How much you contribute as down payment depends on upon your specific financial situation. The more you put down, the lower your monthly payments will be. But before you contribute every penny you have to the down payment, set aside a cash reserve for other costs, including legal fees, land transfer taxes, closing costs, moving expenses, and any improvements or renovations you plan to make in your new home shortly after you move in.
More information is available at www.wedothehomework.ca.

Add eye-catching design trends to outdoor spaces this summer

www.realtorpankajpatel.com
(NC) Outdoor living continues to evolve, as Canadians are expanding their living spaces into the front and backyards at an increasing rate. Design enthusiasts are always looking to industry experts to discover what's new and hot in outdoor design. Here to share some of this year's latest outdoor design trends is Sharon Grech, a colour and design expert for Benjamin Moore.
Bring indoor luxe outside: Glamourous, multi-functional and classic are all key traits to keep in mind when updating the interior of the home, and the same applies for outside. “Outdoor living spaces are an extension of the home,” says Grech. “Creating backyard living rooms with sectionals and coffee tables, and front yard grand entrances with stunning doors and accessories is the new norm. Install shutters, add more trim around windows or switch out the hardware on your front or back door for something more sophisticated. It's the little updates that have the biggest impact and will bring the flow from your home's interior to the exterior.”
Design more with less: This year, it's all about simplicity in design. Eliminate clutter and select sleek furniture to achieve a minimalistic look. Go through outdoor furniture and don't be afraid to get rid of the items that don't serve a purpose. Throw out patio chairs, tables or accessories that are old and clunky. Use only a few select varieties of flowers in the garden and keep garden accessories to a minimum.
Go contemporary with pops of colour: Although designers often share their favourite neutrals, it's crucial to strategically add pops of colour to any space. Light, airy shades and dynamic jewel tones are the go-to palettes this year. Incorporate these trendy colour schemes not only with accessories, but try painting architectural features like the front or back door. To easily add a trendy splash of colour to your doors, Grech recommends English Scone or Crete Countryside from Benjamin Moore.
For best results, Grech suggests using a premium paint designed for doors, such as Aura Grand Entrance, which is specially formulated to retain colour integrity and gloss and is easy to apply.
More information is available at www.benjaminmoore.ca.

Sunday 10 April 2016

Energize your outdoor living space

eieihome

Energize your outdoor living space

Canada Federal Budget 2024: What You Need to Know if you are a homebuyer, homeowner or a real estate investor

  The government has positioned Budget 2024,   Fairness for Every Generation , as a budget that “takes bold action to build more homes…and w...