Tired Features Mean You Can Customize

Sometimes, I'll look at a house with clients and we'll notice that the place is looking tired. It's not always a bad thing. I can ask for a discount to compensate for the cost of necessary upgrades, and then the buyers can update the house exactly the way they want. 

If you're handy or have handy friends that like to help with projects, a perfect home may not be one that's fully upgraded, mint condition, ready to move in to. You'll be paying a premium for another family's favourite colours and styles. Why not look for a fixer-upper or a house that's been a bit neglected. 

A tired house isn't the same as a fixer-upper. It might just be paint and wallpaper that make it look old, or kitchen cupboards that need some attention. Maybe you'll want to tear out some carpeting. Flooring isn't so bad to do before you move in, and you can go to town with paint too. Often it's the bathroom that's in need of renovation. Kitchens and bathrooms are notoriously expensive to renovate, but if you're handy, you can save a lot of money. And, if you get a good enough discount, you can spend it all on creating your dream kitchen, or a luxurious bathroom retreat.

A fixer-upper can be a perfect opportunity. If you can get a good deal on a bad house in a great location, you might be able to gut the house or tear it down and build your dream home. It takes a lot of planning in terms of cash flow and could mean two moves instead of one. You'll have to have a good sense of how much the tear-down and the construction is going to cost, and maybe the costs of a rental (or living with your mom) while you're building.

Think of all the possibilities. There are so many things to consider when you're buying a house. Make sure you have a professional Realtor on your side and don't be shy to share your dreams with your Realtor. The best Realtors always ask a ton of questions to get to know you and to find out what your dreams are. They can help make them come true!

Gardening: Good for You and Your House

Gardening is good for you and for your house.

A beautifully landscaped property adds to the value of your home and improves your well-being.

Flowers make you feel happier, don't they?

There's a lot of talk lately about how we need to spend more time in nature. Just looking at nature has been shown to reduce stress and improve brain function. A beautiful garden is truly rewarding. Getting your hands dirty and doing the gardening yourself has even more benefits. You get outdoors and have some physical activity, and you feel connected to nature. You can plant fruits and vegetables to improve your diet. Here's an article from CNN Health that discusses the mental and physical benefits of gardening. You can practise Horticultural Therapy in your own backyard!

Not only is gardening good for body and soul, but it's also good for the bottom line. The value of your home depends on it. In fact, a study by Money Magazine has shown that good landscaping increases the value of a home and bad landscaping decreases the value of a home. Money spent on landscaping is very well spent indeed:  "landscaping can bring a recovery value of 100 to 200 per cent at selling time." Everyone talks about "curb appeal" and when they do, plants and flowers are always mentioned. Add a pot of flowers to the front step and you've got better curb appeal. Create a beautiful flower bed, and you get much, much more.

Your neighbours will benefit from your beautiful landscaping too. Their home value goes up with yours, and they will enjoy the increased natural elements in their lives.

Now is a great time to work on your landscaping. Garden Centres are full of plants and tools and most will even be open on the Victoria Day holiday so that you can take advantage of the perfect planting conditions.

Sell or Buy First?

Sell first and then buy. 

When people think of moving, they'll often call me and ask to see a bunch of homes. They just want to have an idea of what's out there. We're just shopping around. Most often, it's a waste of time for them. (Not for me. It's always a good experience to see homes. I can recommend things to other buyers.) 

When you go house shopping, you need to have your finances in order. If you already own a house, then your money will probably be tied up in that. Once you sell your house, the market will be different. 

Let's say you're shopping around while you're just thinking about moving and you fall in love with a house you see. How will you be able to make an offer on it? You can make a conditional offer. If there's another offer without the "sale of buyer's home" condition, then they won't choose yours. Let's say yours is the only offer and they accept it. Do you really want to sell your house under that kind of pressure? Can you get the most out of your present home if you are pressed for time? 

Take your time to prepare your house for sale. Get top dollar for your investment. Then, go shopping with the power to offer the strongest bid.