Blog › April 2012

Investing VS. Buying for Self

I often work with clients who are looking for real estate as an investment and their sole intention is to rent the property as soon as they buy. However, a lot of them get trapped into the details of the property as if they want to live there. 

It is important to keep in mind that when buying for investment purposes, there is a whole other set of criteria which need to be considered instead of what you would normally consider when buying for yourself. 

For example, when you are buying an investment property, you have to consider what ROI (return on investment) you will be getting from a property. This will be affected by the neighbourhood, the size, the reputation of the building and so on. You also have to consider the condition of the building and how easy it will be to rent your property in that given building...

However, when you buy for yourself, it becomes an emotional purchase and at the end of the day, if you fall in love with a property, it may even not bring a crazy ROI but you might still want to go ahead with the purchase. 

It is important that you have a knowledgeable agent guiding you through the purchase process to make sure you are considering all aspects of why you are making a purchase.


Protecting Your Home's Air Quality

Every homeowner should know the importance of protecting the air quality they breathe in their home. So be aware of the sources of risk and measures which can be taken to mediate these risks.

For example, the two most common household air toxins, carbon monoxide and radon, are odourless and colourless and yet can be detected inexpensively.

Carbon monoxide detectors should be active 24/7 in homes which use combustion (gas cooktops, fireplaces, etc) and radon detectors should be installed in any home which the basement is used and the neighbourhood has been identified as a source of radon emissions (which can be found in some natural soil conditions and can seap through the foundation cracks).

Other concerns such as asbestos and ureaformaldehyde insulation can be dealt with through a simple search, detection and removal if advised by an indoor air quality expert. Other toxins such as paints, varnishes and cleaning products should be kept out of the home whenever possible.

The bottom line is that most air quality concerns can be easily dealt with through proactive management, propert ventilation and filtration.

 

If you need to know more on this subject or would like to find professionals to deal with the air quality of your home, feel free to contact me.


Your Windows, Your House

One of the most prominent features of your home is the windows. When they 
are well maintained they have a positive impact on the impression people
(such as potential buyers) will have of your property. The opposite occurs,
of course, when your windows look old and worn.
So does that mean you should replace your windows? 
That depends on a number of factors. Window replacement can be an
expensive renovation. Here are a few things to consider before making your
decision.
• Do your windows get frost or condensation build-up on the interior 
side? This could be a sign that the windows are not keeping out the
cold as well as they should.

• Do you see water infiltration or mildew on the interior sides of any of
the window sills? This means that moisture is creeping in from the
outside, and you need to get those windows repaired or replaced as
soon as possible.

• If your windows are double-paned – (two panes of glass) – check for
any signs of moisture in between the glass panes. Moisture indicates
that the thermal seal is broken and at a minimum, the glass will need
to be replaced.

• Take a look at your windows from the outside. Is the trim rotted or
cracked anywhere? Are there dark spots or any signs of rotting on
the wood frames? Repairs or replacement may be required.

• Check the operation of your windows. Do they open and close
easily? This is important because some windows, such as those in
bedrooms, are often designed to be big enough to use as an exit in
case of a fire.

• Finally, are you happy with how your windows look? Do you feel that
your property will look significantly better with new windows?

Although they are expensive, replacing windows has a lot of advantages.
Depending on the efficiency of your current windows, replacing them could
cut your energy costs by 10-20%. In addition, new windows block out more
exterior noise, making your home quieter. Not to mention, buyers will be
ecstatic to see them in great shape.
If you have any questions regarding how to make your home ready for sale,
or any other real estate related questions, feel free to contact me.

New Listing Ph3605 - 838 W Hastings Street, Vancouver, British Columbia

V1002867 - Ph3605 - 838 W Hastings Street, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at Ph3605 - 838 W Hastings Street, Vancouver and currently listed at $4,998,000.SOLD

THE PREMIER PENTHOUSE RESIDENCE AT JAMESON HOUSE, showcasing PANORAMIC views to Coal Harbour, NS Mountains and English Bay. A masterpiece by world renowned architects, Foster and Partners, this magnificent contemporary 2 level penthouse residence boasts stunning open flr plan with 20' ceilings on main + your ultimate 1700 s.f. private terrace on upper level to enjoy sunsets and cruiseships arriving, with your own built-in BBQ + wet bar. Some of the many luxury interior appointments include travertine floors + radiant heat/cooling, gourmet contemporary kitchen by Dada Cucina (Italy), with Gaggenau/Subzero appliances + spa like en-suites. 2 parkings in Canada's only fully automated valet parking system. 24 hr concierge.

When is the Best Time to Sell Your Home?

If you've been thinking about selling your home, you might be waiting until "the market is right". After all, if the local market booms, your property will likely sell for a higher price.

This may be true. However, there are other factors to consider when considering the sale of your home:

1) Will you be buying another home followig the sale?

2) Are there unique selling features in your home that will help sell it for a higher than average price?

3) Are there changes anticipated to the mortgage market which will affect the buyers' abilitiy to purchase? and so on...

The best approach here will be to have your real estate agent come in and give you an overall understanding of all of the aforementioned issue.

I will certainly be happy to assist you with this should you consider to sell your home.