Getting Your Home Ready For Fall
It’s that time again, the kids are heading back to school, the leaves are beginning to change, and the hockey season is finally about to begin. Here are some great tips for getting your home ready for the fall:
Home Exterior: It is recommended that you check your home siding for cracks and holes; clean all debris from your gutters. If you have a fireplace that you use regularly, it might be a good idea to have it checked as well. If you don’t want to do any of these tasks yourself, there are professional services that you can hire to do them.
Thermostat: Programmable thermostats have become more popular among home owners. Raise or lower the temperature remotely and program settings for the temperature to automatically lower during the night. A Programmable thermostat can not only increase your enjoyment of your home, it can save you money as well.
Drafts: You don’t want heat to escape during the colder months of the year. Check for drafts to ensure your home is as efficient as possible.
Organize: As the summer winds down, take some time to clean and organize your summer furniture, tools, etc. This will make your life far easier come next spring/summer. If you are already organizing in your garage, it may be a good time to do a clean or purge while you are there.
Roof: Before every fall and winter you should at least do a visual check of your roof. Has there been significant wear since last year? Look for missing, damaged, or loose shingles. If your roof is flat, it is recommended you remove debris from your roof.
Landscape: Check trees to ensure there are no damaged limbs that could fall on your home or power lines during a strong wind or snow storm. Trim back shrubs, flowers, and bushes in your yard. If you plan on planting bulbs for next spring, the fall is the time to do so. You can also fertilize your lawn, this will help to prevent damage to it over the course of the winter.
Proper maintenance of your home enhances the appeal and value of your home. Also, it can prevent critical emergencies from taking place, which are typically more expensive, time-consuming, and stressful when they occur. Ensure that when the cold weather arrives, your home is ready.
If you have any questions at all or thinking of selling this fall please don’t hesitate to give us a call for a Free Market Evaluation of your home
Have a great day!
August 31, 2015 | Categories: Buyers, Local Kitchener Waterloo, Random thoughts, Sellers, Uncategorized | Tags: condo, condo buying, condo documents, condo in kitchener, condos in kitchener, facebook, first time home buyer, full time realtor, home buying, home value, inventory levels, kevin baker, kitchener, Kitchener waterloo, kwhometeam, lofts in kitchener, market update, Mortgage News, real estate, real estate investing, Remax, sales rep, waterloo ontario, waterloo region school board | Leave a comment
Its been a very busy home buying and selling season in June for the residents of Kitchener Waterloo and Waterloo Region. There were 626 homes sold through the Multiple Listing System (MLS® System). This represents a 9.4% increase compared to June of 2014, and 15.8% above the 5 year average for the month June.
Residential sales in the first half of 2015 totaled 2,949, an 8.1% increase compared to the same time last year, and 2.7% above the 5-year average. This marks the highest number of homes sold in the first half of the year since 2010.
On a year-to-date basis, the average sale price of all residential sales (KW and area) increased 2.6% to $347,105 compared to 2014. Single detached homes sold for an average price of $396,191 an increase of 1.3% compared to last year. The average sale price for a condominium units sold in the first half of the year was $235,081, an increase of 5.3 per cent over 2014. The housing market in Kitchener-Waterloo continues to show strength Buyers have confidence in Waterloo Region, that combined with low mortgage and interest rates should continue to support home sales in 2015.
Sales for the month of June in KW and area included 407 single detached homes (up 7.1 %), 137 condominium units (up 24.5%), 42 semi-detached (up 7.7%) and 35 freehold townhouses (down 12.5%). Across KW and area the average sale price of all residential sales through the Kitchener Waterloo MLS® System increased 0.2% to $351,259 compared with June 2014.
Looking at transactions strictly in the cities of Kitchener-Waterloo residential sale prices increased 3.2 percent to $344,405 compared to the same time last year. Single detached homes sold in June across KW and area had an average price of $408,569 an increase of 0.9% compared to last year. Condominium market prices were up 4.2%, with the average condo unit selling for $225,390.
If you have any questions or would like more specific neighborhood information about your home please feel free to give me a call 519-497-4646 or email direct at firstname.lastname@example.org
July 8, 2015 | Categories: Buyers, Local Kitchener Waterloo, Random thoughts, Sellers, Uncategorized | Tags: Bank of Canada, banking practices, condo, condo buying, condo documents, condo in kitchener, eastbridge, first time home buyer, full time realtor, home buying, home value, inventory levels, kevin baker, Kitchener waterloo, kwhometeam, kwrealestatelife, lofts in kitchener, market update, real estate, real estate investing, Remax, sales rep, waterloo ontario, waterloo region school board | Leave a comment
It was another fantastic month for the local real estate market here in Waterloo Region .There were 553 home sales in Kitchener-Waterloo and surrounding area through the Mls system.
This represents an 8.4% increase compared to May of 2014, and 9.6% above the 5 year average for the month May. With a total of 2,926 home sales occurring through the Kitchener Waterloo Real Estate Board, year-to-date sales are 3.3% above the five year average.
Although sales numbers in Kitchener-Waterloo are higher in comparison to May of last year, they are on par with the month of April, at 1.7% above last month’s residential sales numbers, a difference of nine home sales. It’s been a very busy but typical spring market. Low mortgage interest rates and a diverse local economy continue to support home buying in Waterloo region.
Much like the month of April, sales activity in the $300,000 – $349,999 posted a healthy increase in the month of May with 126 homes sold in that range, a 24.8% increase from the same time last year. Sales in the $400,000 – $499,999 also increased with 81 sold in this price range, a 28.6% increase.
Sales in KW included 355 single detached homes (up 4.7 %), 113 condominium units (up 28.4%), 44 semi-detached (up 2.3%) and 40 freehold townhouses (up 8.1%). The average sale price of all residential sales through the Mls, increased 1.6 percent to $343,750 compared to May 2014. Single detached homes sold for an average price of $390,704 an increase of 1.1% compared to last year. Condominium market prices were up 7.1%, with the average condo unit selling for $237,649.
If you have any questions or are thinking of buying or selling in the coming months feel free to give me a call.
Have a great week!
June 8, 2015 | Categories: Buyers, Local Kitchener Waterloo, Random thoughts, Sellers, Uncategorized | Tags: Bank of Canada, condo, condo buying, condo documents, condo in kitchener, condos in kitchener, eastbridge, first time home buyer, full time realtor, home buying, home inspection, home value, inventory levels, kevin baker, kitchener, Kitchener waterloo, kwhometeam, loft, lofts in kitchener, market update, Mortgage News, real estate, real estate investing, Remax, waterloo, waterloo ontario, waterloo region school board | Leave a comment
Are you looking to get into the market? Are you a first time buyer with less than 10% down?
If so then you need to be aware of recent changes to the mortgage insurance premiums that are offered through CMHC (Canadian Mortgage and Housing Corporation)
It was announced a few days ago that Canada’s federal housing agency is raising mortgage insurance premiums as part of a plan to boost its capital reserves.
Canada Mortgage and Housing Corp. said it is raising premiums on the highest-risk mortgages – borrowers who have down payments of less than 10 per cent – by 15 per cent starting June 1.
What does this mean for buyers?
The increases only apply to new mortgages for borrowers with small down payments. Those who put down more than 10 per cent of the purchase price aren’t affected. Premiums will also remain unchanged on CMHC’s portfolio insurance, which lenders take out on bundles of uninsured mortgages so they can securitized them, as well as the agency’s insurance for apartment buildings.
The effects will be modest for affected borrowers. An average Canadian borrower who can afford to pay the only the minimum 5-per-cent down payment typically takes out a mortgage of $252,000, CMHC said. Premiums for those borrowers would rise $5 a month, or about $1,500 more over the course of a 25-year mortgage.
CMHC predicted the changes would “not have a material impact on housing markets,” suggesting the agency isn’t looking to cool the housing market. Senior vice-president Steven Mennill stressed in a call with reporters that the changes were a “business decision” related to higher capital requirements and “not in any way related to a change in policy or approach.”
One thing is clear: By limiting increases only to borrowers with less than 10-per-cent down payments, the federal corporation is concerned that it was underpricing the risk on the most indebted borrowers.
Mortgages with lower levels of equity are typically more vulnerable to a housing shock and require higher levels of capital reserves to account for potential losses, which means higher premiums for riskier borrowers.
My advice would be is if you are thinking of buying a home this spring and have less than a 10% down payment that you take advantage of the lower premiums offered before June 1st.
For more details or questions please email myself at email@example.com or give us a call at 519-579-4110
Enjoy your week!
April 8, 2015 | Categories: Buyers, Local Kitchener Waterloo, Uncategorized | Tags: Bank of Canada, canadian mortgage housing corporation, cmhc, condo, condo buying, first time home buyer, full time realtor, home buying, home value, kevin baker, Kitchener waterloo, lofts in kitchener, market update, Mortgage News, Mortgage Rates, real estate, real estate investing, Remax, sales rep, waterloo ontario | Leave a comment