Archive for the ‘Home Renovations’ Category

Watch for these electrical hazards in your home

Friday, February 7th, 2014

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Electricity in the home is so commonplace that it’s easy to forget how dangerous it can be. According to the American Institute for Preventive Medicine, an electrical shock can knock you unconscious, cause a serious burn, or even stop your heartbeat.

Fortunately, there are some simple things you can do to reduce the risk.

  • Install safety plugs in outlets that young children can reach.
  • Never plug in anything with a frayed or otherwise damaged power cord.
  • Never use a plugged-in computer, hair dryer, or other electrically-powered item near a filled sink or bathtub. This includes phones with power cords.
  • Never touch anything electrical with wet hands or while standing in water. (Water is a remarkably efficient conductor of electricity.)
  • Always turn off the appropriate breaker before doing any electrical work, such as installing a new light fixture.
  • When replacing a broken light bulb, turn off the breaker first. Although the glass is broken, the filament may still be conducting electricity.

Finally, unless you’re an expert or an electrician, never do any major electrical work on your own. Hire a professional.

Making sense of a crazy Edmonton market

Thursday, February 6th, 2014

Confused

Unless you’re a real estate expert, you probably look at the market and think things are pretty confusing. Even a bit crazy! You hear news about “bubbles bursting”, “higher or lower home sales in a particular month”, “new home starts” that are up or down, and on and on it goes.

It’s a lot of news and a lot of jargon.

If you’re thinking of selling your home within the next year or two, you will want to understand what’s happening in the market so you can make the right decisions and get a clear sense of what to expect. So, how do you make sense of it all?

That’s where a good REALTOR® can help.

Even if you don’t have any definite plans to move in the near future, a REALTOR® who is an expert in the local marketplace can help you understand what homes in a particular neighbourhood are selling for, and what you can expect to get should you decide to list your property.

Getting to know a REALTOR® also means you’ll have a trusted expert to talk to from time to time, when you have real estate-related questions.

You’ll have someone you can think of as “Your REALTOR®”.

Plus, when the time comes to sell your property, you won’t have to deal with a stranger. Instead, you’ll be able to work with a REALTOR® that you know well — and who knows YOU. Overall, that will make the buying and selling process go more smoothly and more successfully.

Looking for a good REALTOR® who wants to get to know you? Call today!

Team Leading Edge
RE/MAX Elite
Direct: 780-634-8151
Office: 780-406-4000

11 Ways to Update Your Kitchen Without a Sledgehammer

Monday, February 3rd, 2014

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OK, so you have a perfectly good kitchen. The layout works; the cabinetry is solid; but it just needs a little uplift. There are plenty of relatively minor changes you can make that don’t involve restructuring your life and house. Here are a few.

1. Repaint your cabinets. A fresh coat of paint can transform a kitchen from dark and dingy to light and airy. If you are a few years away from that big kitchen reno, this is a great time to have some fun with color.

2. Upgrade your countertop. Upgrading a dated countertop will give new life to your entire kitchen and add value.

3. Install a new backsplash. If your cabinetry and countertop work nicely but your room lacks pizzazz, a new backsplash can add lots of personality and really dress up a kitchen. A bit of texture, sparkle or gloss will give simple cabinetry a lot of presence.

4. Make a statement. New jewelry always picks up my mood. It can do wonders for your kitchen too. New hardware can dress up plain cabinets, while standout lighting fixtures can add a surprising wow factor.

5. Change your faucet. A detachable hose with a hand spray comes in handy for so much more than just giving a bath to the cat. I prefer a faucet with a flexible braided water-supply hose. It looks better than a plain black rubber hose and will last longer.

6. Expand your horizons. Need more surface area? Don’t think you need to start from scratch. If you have an island, you can introduce a different material on an added eating counter either below or above the counter.

The standard counter height is 36 inches. A nice option, like you see here, is to add an extension at table height (30 inches is typical). The great thing about adding a table-height extension is that regular kitchen and dining chairs will pull up to the counter comfortably. If you prefer a higher surface, you could go with bar height (40 to 42 inches).

7. Consider refacing. New cabinet fronts and doors can dress up the cabinetry boxes if the layout already works and they are solid.

8. Rethink the uppers. Open shelving offers an opportunity to display collections or just keep frequently used items accessible. Wine comes to mind, but that’s just me.

9. Add some cozy touches. A runner is a great addition to a galley kitchen. I don’t know why we are disciplined to treat our kitchen like it has a different set of rules when it comes to decor. I’m all for adding a table lamp for an unexpected element in a kitchen.

10. Add a floating island. If a new bank of cabinetry is beyond the budget, try a ready-made freestanding piece to add extra storage and a surface for working and eating surface.

Add a new top to a freestanding piece of furniture and extend the edge for an eating counter. The minimum overhang would be 10 to 12 inches, but there are a few considerations when extending the top. Take care not to shift the balance of weight so much that the piece is unstable (people love to rest their elbows, adding weight to the surface). Also you may need to add brackets to support the overhang.

11. Add a showstopper. A simple kitchen with simple cabinetry is downplayed by a showpiece range. Playing up one feature is a great way to detract from less interesting elements.

Source: Houzz.com

Alberta’s new home warranty program rolls out Saturday

Friday, January 31st, 2014

EDMONTON- A new mandatory warranty program designed to protect people buying new homes across the province comes into affect this weekend.

The government calls the New Home Buyer Protection Act the strongest consumer home warranty protection plan in Canada.

“This legislation will help protect the single largest purchase that most people make…a home,” said Minister of Municipal Affairs Ken Hughes.

Ninety per cent of homes built in Alberta already have new home warranty, but the new legislation will require all builders to provide more comprehensive home warranty coverage for all new homes and condominiums built in the province.

At minimum, all new homes will have the following warranty protection:

    • one year labour and materials – this covers the way the home was built or the materials it was built with, such as flooring and trim;
    • two years distribution systems – this covers the labour and materials related to heating, plumbing and electrical systems;
    • five years building envelope protection – this covers the exterior shell of the home, including the roof and walls, and includes a requirement for the warranty provider to offer the consumer the option to purchase two additional years of building envelope coverage; and,
    • ten years coverage for key structural components, including its frame and foundation.

US builders boost single-family home construction

“Reputation is very important,” said Tally Hutchinson, vice president of the Canadian Home Builders’ Association, Edmonton Region. “And we will continue to build homes with best practice and we think that this initiative is very, very important for the consumer and for the industry.”

However, not everyone is convinced. Homeowner Meaghen Allen took possession of her home over four months ago and says she’s still fighting with her builder over several issues.

“The side of our house stairwells, we didn’t have an exit there. The garage, the electrical to the garage, lighting fixtures. Just the quality of work, the stairs, the paint,” she said. “And just too, they were building properties next door to us.”

Allen says going through warranty hasn’t worked, either.

“My experience with New Home Warranty is that they don’t do anything,” she explained. “I have dealt with New Home Warranty (on) three different houses, and three different houses, nothing out of it.”

However, the province maintains it will hold builders and warranty companies accountable. In order to crack down on negligent builders, fines of up to $500,000 can be handed out. The Superintendent of Insurance will also investigate consumer complaints against warranty providers.

“Our new home buyer protection office has compliance officers who will monitor compliance,” said Ivan Moore, assistant deputy minister, Public Safety Division, Municipal Affairs.

The Act will only apply to homes with a building permit applied for after Saturday, Feb. 1.

The New Home Buyer Protection Act was passed in November 2012, and was originally supposed to come into effect last fall. However, that date was pushed back to Feb. 1, 2014 to give warranty providers more time to prepare, the government said.

For more information on the Act, including access to warranty information, visit the Government of Alberta’s website.

Source: GlobalNews.ca

Edmonton Real Estate: Pros and cons to buying a house before selling

Thursday, January 30th, 2014

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It’s important to know the potential consequences of your real estate decisions

Reporter/byline: Joe Richer, Special to the Star

“Our family is growing and we’re ready to move to a bigger home. Should we buy first or sell first?”

Once you become a homeowner, chances are you’ll be faced with this tough decision at some point.

There is no “right” answer to a dilemma like this; it’s a personal decision that should take into account your current circumstances and tolerance for risk. Or, more accurately, which kind of risk you prefer. Buying first increases the risk of higher expenses. Selling first increases the risk of having to live “between homes”.

Buying first

Buying first can make the house hunting experience more enjoyable. Without a closing date looming on your existing home, you’ll have time to wait until the right home comes up for sale. It can also be less stressful knowing that if your offer is unsuccessful; you have time to wait for the next opportunity to come up.

The downside to buying first is if you are unable to sell your home fast enough, you will find yourself owning two homes at once. The result is you could be paying two mortgages at the same time, not to mention all the other costs of homeownership. Also, you may have trouble obtaining a mortgage for the new home. Before you make an offer on your new home and potentially find yourself in this situation, carefully weigh whether you’re financially able to pay for two homes at once. If the purchase of your new home closes first, you might need something called “bridge financing” to cover the down payment and other closing costs until the sale of your current home closes.

As a buyer with an existing home to sell, you can protect yourself by adding a condition to any offer you make. In addition to the highly recommended conditions on financing and inspection, you can also make your offer conditional on the sale of your current home. That means if you’re unable to sell within a specified period of time, you’re able to back out of the transaction. However, it’s worth pointing out that this condition will likely make your offer less attractive to the seller because of the uncertainty for them.

Selling first

The biggest benefit of selling first, aside from removing the risk of owning two homes at once, is you’ll know how much money the sale brought in, which will help determine how much you can afford to pay for the next place. As helpful as that is to know, the challenge is that you’ll find yourself in a race against the clock, with your closing date looming. If you’re not careful, you may end up rushing the process and settling for a home that isn’t ideal for you, or paying more than you planned because you feel pressured.

Have a contingency plan

Regardless of whether you buy first or sell first, it’s a good idea to have a contingency plan in case your closing dates don’t align, leaving you with two homes, or no home, for a period of time. If the sale of your home closes first, you might consider a short-term rental or moving in with family or friends.

The best advice is to speak with your real estate professional. They have the knowledge and experience to help you decide which decision is better suited to your circumstances, and because they won’t be as emotionally invested in the decision as you, they will be able to provide more balance to your decision-making process.

Source: homeownership.ca

January 2014 Edmonton Real Estate Market Update

Wednesday, January 29th, 2014

To View & Search All MLS Listed Houses for Sale Visit Us At:
www.EdmontonHomesforSale.biz

Team Leading Edge
RE/MAX ELITE
Direct: 780-634-8151
Office: 780-406-4000

Weathering The Winter In An Older Home

Tuesday, January 28th, 2014

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Weathering the cold and dark winter months is a challenge for anyone, but can be especially difficult if you live in an older home. Older homes carry a lot of appeal but older homes also come with problems and a lot of them are brought to light in cold winters. These are common issues that should be addressed and corrected so that your focus is on friends, family and holidays, and not with home repairs.

Many older homes come with beautiful glasswork but unfortunately, these drafty, single-pane windows allow heat to escape, wasting energy and money. Replacement windows can be expensive but they are often the most effective way to increase energy efficiency and comfort.
Insulation overall can be a problem in older homes, and inadequate insulation should be supplemented with additional insulation, particularly in attics. In order to ascertain how much insulation you need, check with local sources to determine if minimum insulation ratings (R-values) are required in your area for new homes and then meet or exceed those levels in your older home if you can.
Outdated water pipes can cause huge problems if cold temperatures cause them to freeze or burst. Older pipes made of galvanized steel, iron, or lead may need to be replaced if they are not in good condition. Good replacement options include copper or CPVC.

Early sunsets can make the winter seem dreary and long, so simple steps to brighten the interior of your home can go a long way to lifting those winter blues. Add bright color to any room with pillow covers, flowers, or indoor plants. Likewise, giving a small space like a powder or laundry room a fresh coat of paint in a cheerful color can help brighten an indoor space without becoming a major project. If you’ve got a green thumb, you can also take this time to plan out your spring garden, reminding yourself of sunnier, longer days to come.

Source: Pillar To Post Home Inspectors Newsletter

It’s The Price That Sells a Home

Friday, January 24th, 2014

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You’ve heard the old saying – “Location, location, location.” The real truth is “Location, condition, and price.” And price trumps every other factor. Location affects the value of a home, but it’s price that sells a home. Oceanfront, mountainside, or penthouse, the most desirable location in the world won’t sell at the wrong price. Every property has a potential buyer, but like rock, paper, scissors, it’s sometimes hard to know which factor is going to win the showdown. A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won’t be as a high as it would be for a good location.

A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it won’t be as high as a comparable home in better condition. But neither location or condition will sell any house. Only one thing does that – price. So if you’re a seller waiting for that “special buyer” who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, you’re going to have a long wait.  So if your home is represented by an agent, and it’s been on the market for a long time, chances are it’s your own fault Maybe you didn’t listen to your agent when he said you’re pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didn’t make offers. When the showings stopped completely, maybe you accused your agent of not doing a good enough job. You put the blame on everyone except where it belongs – on you. It’s not about you, what you want, or how much you need for your retirement.

It’s about the price.

Source: RealtyTimes.com

Economic recoveries tend to be both strong and durable

Wednesday, January 22nd, 2014

History has shown that economic recoveries following recessions are typically both strong and durable. As shown in the chart, once the recovery takes hold and the economy does start expanding, it is rarely for a short time. In fact, periods of expansion that came on the heels of downturns averaged 57 months or close to 5 years. After 1960, the average period of expansion following a recession was even longer at 71 months or close to 6 years. Although the transition from an economic recession to an economic recovery can be choppy, once recoveries arrive, they tend to be longstanding.

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Feel free to contact me or visit my website for more information.

Douglas J. Bodtcher  
Investors Group Financial Services Inc.
780-448-1988 ext. 284
Douglas.Bodtcher@investorsgroup.com

Home Maintenance Feature: Changing the HVAC Filter

Tuesday, January 14th, 2014

HVAC_maintenance

Changing the filter of the home’s HVAC system is simple and inexpensive, and taking care of it at least every three months can mean the difference between optimum comfort and avoidable repairs.

Your HVAC technician should service your unit once a year.  Because a HVAC unit contains moving parts, it is important that belts are not cracked and dry, ventilation ductwork is not gapped, cracked or rusted, and components, such as coils and fans, are clog-free and adequately lubricated for unimpeded operation.  This sort of evaluation is best left to the professional, unless the homeowner has had the appropriate training. The filter of the unit, especially if it is an HVAC unit that will tend to get nearly year-round use, should be changed by the homeowner at least every three months, but possibly more often. Check your filter’s condition and change it once a month if:

You run your unit six months a year to year-round.

You have pets. Pet dander can become airborne and circulate through the home’s ventilation system just as typical household dust does.

You have a large family. More activity means more household dust, dirt and debris.

You or someone in your household suffers from allergies or a respiratory condition.

You live in a particularly windy area or experience high winds for extended periods, especially if there are no nearby shrubs or trees to provide a natural windbreak.

You live in an area prone to or having recently experienced any wildfires. Airborne ash outdoors will eventually find its way indoors.

You have a fireplace that you occasionally use.

You live on a working farm or ranch. Dust and dirt that gets kicked up by outdoor work activity and/or large animals can be pulled into the home’s ventilation system, especially through open windows.

You have a large garden. Depending on its size and how often you work it, tilling soil, planting, pulling weeds, using herbicides and pesticides, and even watering mean that dirt, chemicals and condensation can be pulled into your home’s ventilation system.

There is construction taking place around or near the home. You may be installing a new roof or a pool, or perhaps a neighbor is building a home or addition. Even if the activity is only temporary, dust and debris from worksites adjacent to or near the home can be sucked into the home’s ventilation system, and this increased activity can tax your HVAC system.
Tips for changing the filter:

Turn off the unit before replacing the filter.

Use the right filter for your unit and make sure it’s not damaged out of the package.

Follow the directions for your unit to make sure you’re installing the filter properly. For example, many filters use different colors for the front and back (or upstream and downstream flow) so that they’re not installed backwards.

Make sure there aren’t any gaps around the filter frame.  If this is the case, you may have the wrong size filter, or the filter itself may be defective or damaged.

Use a rag to clean up any residual dust before and after you replace the filter.

Securely replace any levers, gaskets and/or seals.

Turn the unit on and observe it while it’s operating to make sure the filter stays in place.

Note the date of filter replacement in a convenient location for the next time you inspect it.  A filter that becomes dirty enough to change within a short period may indicate a problem with the unit or ventilation system, so monitoring how often the filter requires changing is important information for your technician to have.

Source: Full Scope Inspections Newsletter

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. 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.