Jennifer Berry

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How a Spa-Like Bathroom Improves Real Estate Value

 

In this day and age, it seems like the bigger the better, and that goes for real estate as well.

Home improvement has become a huge enterprise in the recent years, with channels like HGTV

drawing in viewers. With that being said, spa-like bathrooms have become more popular with

the recent growth of interest. There is an added bonus to spa styled bathrooms, in addition to

relaxation and bliss, the fact is that it actually improves the real estate value of your home. By

remodeling your bathroom to look and feel like you are at a luxurious spa, you would also be

selling that luxurious spa to the next buyer that can earn you back more than you actually

invested in the first place.

 

To begin, let’s look at what aspects of the spa can actually influence the value of the bathroom.

According to Page-Pryde Properties, there are four specific trends that can affect the results.

And those are: the free-standing tub, a tranquil color palette, good lighting, and advanced

technological amenities. Elle Décor also suggests evoking all your senses with candles and art

that can help relax you. Ultimately, there are a lot of different things to get the ultimate spa-

styled bathroom. In the following paragraphs you will see examples and possibilities of what

you can do.

 

The end-goal is to create a relaxing experience, and a free standing tub is the first major

improvement you can make to get that. Jean-Jacques L’Henaff, vice president of design for

American Standard, told Page-Pryde, “Adding a freestanding tub is a cost effective way to evoke

a spa-like atmosphere in any bathroom, and it’s one that really helps elevate the user’s overall

experience”. You should take a look at the shower as well, since a rainfall showerhead is the

epitome of luxurious and feels like you are actually in the rain when you close your eyes. Towels

are also surprisingly effective to the feel of the room – and by that I mean, the fluffier, the

better.

A calm color palette in the spa typically consists of earth tones and should be taken into

consideration when remodeling. It is a simple yet effective way to emit a calming atmosphere.

Above-the- mirror lights can help with the application of makeup and the quality of a close

shave, while soft lights can provide a soothing ambiance. Having extra amenities can boost your

value as well. This can be things like waterproof TVs, heaters, and accessories. The presentation

of things like body scrubs and special soaps on your counter can play a big role in creating the

spa-styled bathroom. Tiles are also a huge “Yes” when considering a remodel. Tiles give off the

illusion of allure and wealth, and you can use them on the floor, on the wall, and in the shower.

Plus, they are easy to clean.

 

When you remodel your bathroom, on average you can earn back up to 70% of your

investment when the home is sold 5 years after the initial remodeling, according to the 2015

study done by Remodeling. It is said that the bathroom plays a huge role in a buyer’s decision.

And what’s more attractive than a bathroom with luxurious, at-home spa features. According to

HGTV, faucets are an important aspect of the bathroom, along with the countertops and the

shower. They looked at Remodeling’s study from 2004, where a $9,400-bathroom remodel

recouped at 182%. The seller actually made a great profit off their investment.

Remember, the bathroom is the room in the house that goes through the most wear. The

bathroom and the kitchen are comparatively the two most looked at and considered areas of a

house. Buyers will see the house as expensive and in good quality if these two rooms are

managed and decorated well. This is because these rooms are arguably the most used rooms in

the house, and therefore the most seen by others.

 

Thank you to Sam Socorro who wrote this article. Sam is a guest author from Sensual Spas and

is a respected and expert voice in a plethora of health related subjects with over 10 years of

writing under her belt

 

Buying a home will probably be the most expensive purchase a person makes during their life. In order to finance a home, a mortgage is usually necessary. Below are some mortgage basics every homebuyer needs to know.

 

How much home can you afford?

Purchasing your first home is exciting, but can be overwhelming for many first time buyers. Having your finances in order is a must. It’s important to determine how much home you can afford and whether you should rent vs buy a home. The rule for buying a home is that you monthly mortgage payment shouldn’t be more than 32% of your total monthly income. So if you make $5,000 per month (that’s $60,000 per year) then your monthly mortgage payment should be no more than $1,600 per month.

 

Mortgage Rates

 

There are primarily two types of rates. First, there is a fixed rate mortgage,which has a locked rate for the entire length of the loan term (usually 5 years). This means that if the interest rate is at 3.5%, it will remain at that rate the entire length of the term.

 

The second type is a variable rate or floating rate. This rate fluctuates every month depending on a variety of factors such as the economy and policies set by the Bank of Canada. Current veriable rates are around 2.5% or so.

 

Down Payment & Mortgage Insurance

 

The down payment is the amount of money you need to pay upfront. The more money you pay upfront, the less your mortgage loan will be. By law, Canadian banks require a 20% down payment, unless you have mortgage insurance. Mortgage insurance protects the financial institutions that are lending in case the homeowner defaults. If you have mortgage insurance, your down payment can be low as 5%. The insurance premium is paid when your home closes. It can be paid up front or added to the principal amount of your mortgage.

 

Open vs Close Mortgages

When you have a mortgage your expected to pay the entire amount plus interest. The term, or amount of time the mortgage conditions are in affect. Terms range from six months up to ten years. Once the term has ended, the mortgage can either be paid off or renewed.

 

The term can be opened or closed. Open term mortgages can be repaid at any time in full during the term without a penalty. You may benefit from an open term mortgage if you plan on paying off your mortgage quickly, however the interest rate may be higher. A closed term mortgage is a better choice if you’re planning on living in you home for the long run. With a closed term mortgage there is a penalty for paying off your mortgage before the term ends, however, interest rates tend to be lower.

 

Get Pre-approved

 

Don’t start home shopping until you get pre-approved. A mortgage specialist will look at your finances to determine what you can afford. Once pre-approved, the interest rate is set and guaranteed for 120 days.  This way you can work with your realtor in finding the perfect home for your budget.

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Greenify Your Home & Life, 10 Ways to Add Value and Save Money

 

Green is the new black. I don’t mean the color green; I’m talking about things you can do to make your home green and energy efficient.  With today’s cost conscience consumers, adding green features can increase energy savings and at the same time reduce your carbon footprint. Some of the items listed below may also tip the buyer toward purchasing your home.  Check out these 10 ideas to greenify your home.

 

1)    Use Energy Efficient Lighting

Compact fluorescent lights (CFLs) or light emitting diodes (LEDs) are a quick and easy way to make you home more energy efficient. These bulbs use 80% less energy than traditional ones and last 10 times longer, which reduces landfill waste. Consider opening the blinds during the day to let in as much natural light in as possible. This is also a great tip when showing your home. Buyers tend to like homes with a lot of bright natural light.

2)    Get rid of that old, inefficient water heater

When it’s time to replace that old water heater, it’s a perfect time to upgrade to energy efficient one. There are many types of water heaters on the market, from solar powered to tankless water heaters, which can generally are 20-50 percent more efficient.

3)    Get your heat and ac from mother nature

Homeowner’s highest energy use and cost comes from heating their homes in the winter. Using Mother Nature is a great way to reduce cost and go green.  There are several options to heat your home using the power of the planet. Using solar power or geothermal heat pumps are two viable options that are becoming more popular with homeowners.

4)    Don’t Use Plastic Disposables

In 2012 nearly 1.5 million tones of garbage went into the Vancouver landfill. That’s enough to fill over 72,000 garbage trucks. One way you can reduce the amount of garbage is to discontinue your use of plastic disposables. Even though they are easy and convenient, there are better options. Consider switching to compostable plates or just use your regular dinnerware.

5)    Get Energy Efficient Appliances

Get rid of old appliances and switch to new energy efficient ones. This can decease your energy use up to 50 percent. Plus, having newer appliances when you sell your home is a big plus for buyers.

6)    Upgrade You Insulation

Upgrading your insulation is one of the best ways to save on heating and cooling cost. Start our by making sure your roof and attic are well insulated. If you have enough insulation there, move to the walls of the home and the basement if you have one.

7)    Seal Your Home

Seals around windows and doors over time will get old and crack causing the home to waste a lot of energy. Many homes have enough leaks that it would be the equivalent of having a small window opened all year round. Sealing also creates better humidity control, lessens pollen, dust, insects, and lessens ice dams during the winter.

8)    Donate and Recycle Unwanted Items

Spring is coming and it’s time to get the home cleaned up. Getting rid of stuff you don’t use any more is a great way to declutter and get your home ready to sell. Consider donating old toys and clothes, and recycle your old computer that’s been sitting in the garage.

9)    Add Air Purifying Houseplants

Adding live houseplants is a great way to brighten up the home, get rid of odors, and leave the air in your home feeling fresh and clean. Buying a couple of plants is a cheap and easy way to decorate you home before a showing.

10) Use Natural Cleaners

 Have you looked at the label of you favorite cleaner recently? How many of those ingredients can you pronounce? There are many environment and health benefits for using natural cleaners. If you want to save money, you can easily make your own using simple everyday ingredients and they are just as effective.

 

 

 

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The area around brentwood mall is is currently going a major revitalization. With developments like SOLO District by Bosa already underway the vision for the Brentwood Mall area of Burnaby is coming into focus.

 

 

When completed, the front 10 acres of the 28-acre project will connect directly to the Brentwood Town Centre SkyTrain Station at Willingdon and Lougheed.

 

On the website of the developer, Shape Properties, the mixed-use project is described as “an amphitheatre of activity.” For residents of the two residential towers that will flank the plaza, it will be “an outdoor living room.” Visitors will experience “an extraordinary sense of arrival” as they step out of the Millennium Line station and into a one-acre public plaza lined with shops, restaurants and open-air patios.

 

Shape plans of developing the area with mixed use development. There will be many towers with areas on the bottom for things like restaurants and coffee shops. It also includes another new development called "Soverign" by Bosa which will add approximately 202 new residences to the area.

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Government reduces tax burden on first-time buyers

First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.


The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.


The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.


The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.


In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000. 


In 2005, the government increased the threshold to $325,000 from $275,000.

The PTT is calculated at a rate of one per cent on the first $200,000 and two per cent on the remaining value of the purchase price

.

Here is a link to the Budget.: http://www.bcbudget.gov.bc.ca/2014/default.htm

For information, contact Harriet Permut, Manager, Government Relations at hpermut@rebgv.org

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How to Convince Your Friends to Help You Move

 

Finding a new home and going through the process to sell your home is just one leg of the journey.  Moving all your stuff can be the most difficult part. If you can’t afford professional movers in Vancouver or you are cost conscience, then the do-it-yourself approach is your best bet. For you DIY movers, recruiting friends and family can save you a lot of time and money.  But that’s easier said than done.  The following are some tips that may help you recruit the labor you need.

 

Call On Old Favors

Remember that one time when you dropped off your friend at 1 AM in the morning so he could catch his red eye flight? Well, now would be a good time to call him up and ask for his help. You paid it forward at the time, so this is a perfect way for them to pay you back. Someone owe you money? Let them know that their debt may be partially or fully forgiven if they help you move. If you’re low on good deeds or are the type of person who is always asking for favors, no worries, offer to babysit, do yard work, or clean their house in exchange for their help.

 

Be Organized

Plan your move in advance. Make sure all the boxes are packed and ready to be moved into the truck. This way you can optimize the your friends’ time for moving the heavier objects. Make sure you have all the equipment you need such as a dolly, gloves, tape, extra boxes, etc. 

 

Make Moving Day Fun!

There are a lot of things you can do to make moving day fun. Try sending out moving party invitations to your friends, enticing them with free pizza and beer. Having everybody bring their favorite snack or dish and making a potluck party is a fun way to get together and help you move. Make sure to leave he stereo out to blast your favorite tunes. If your friends have kids, leave some movies, games and toys out. Renting a bounce house or buying a slip and slide will have your friends’ kids begging them to stay and hour or two more.

 

Overcoming Excuses

Make sure you ask your friends and family know when you are moving well in advance. Try to get them to commit ASAP. If your friends or family have young children, it may be difficult to get their help. Offer to hire a babysitter on the day of the move. Tell your friends that even a half hour of their time would be extremely helpful. If other objections arise try to find a reasonable solution.

 

If you decide that you don’t want to deal with the hassle of recruiting your family and friends, consider hiring a local  moving company to help you. That way, you can just sit back, relax, and not have to worry about paying the favor back.

 

Image source:  Flicker R Berteig

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We are pleased to provide our clients an exclusive invitation to purchase in the ultra luxurious TRUMP TOWER before all of the other realtors and the Public.

Trump Tower


Our clients will have first opportunity to purchase the best of units in the next few days (official sales will start on Oct 26th)! Arthur Erickson designed, Trump Tower will soar 67 floors and will be the second tallest tower in Vancouver boasting amazing mountain & water views (on higher floors) and offering exceptional hotel services unlike anything Vancouver has experienced!

 

London Air Services will provide the service of their Bombardier Learjet 75 to Trump Vancouver residents.  Purchasers will receive a number of flight hours based on the purchase price of each unit. In addition, hotel guests and residential suite owners will share a chauffeur-driven Rolls-Royce Ghost model with customized Trump Vancouver details that will transport residents and guests within the downtown core and to major travel hubs such as Vancouver International Airport.


 For more information, prices, and floor plans feel free to contact me to be one of the first to view some of these amazing homes. VIP Presale sign up:

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Canadian Housing Market Outlook for 2013 

 

The Canadian real estate market demonstrated remarkable resilience in 2012 with home sales up or on par in 65% of major centres despite considerable headwinds in terms of tighter financing and economic uncertainty abroad. The trend is expected to continue, with home-buying activity propped-up by low interest rates and an improved economic picture in 2013, according to a study released today by a leading real estate franchise in Canada.

The study that examined trends and developments in 26 major markets across the country expects national sales to hold steady in 2013, while prices will be 1.0% higher. Stability is forecast to characterize Canadian real estate in the new year, with sales above or on par with 2012 levels in 81% (21/26) of markets.

Nationally, Canadian home sales are expected to almost mirror the 2012 performance in 2013 holding steady at 454,000 units. The average price of a Canadian home is expected to appreciate nominally in 2013, rising to $366,500, 1.0% above year-end 2012 levels.

Canada's housing market, which roared higher in 2011 and the first half of 2012, started to slow after the government tightened rules on mortgage lending in a bid to cool the market and prevent home buyers from taking on too much debt.

 

Despite all the negativity surrounding residential real estate, the sky is not falling, says Gurinder Sandhu, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. Home sales have moderated, but remain within healthy levels. Greater optimism is expected to return next year, as the economy marks further improvement. Canadians appear to be reigning in their spending, heeding cautionary statements by the country's financial leaders. We believe that will only serve to shore up the already healthy framework of the Canadian housing market in 2013.

 

The report found that low interest rates were a major impetus in 2012, fuelling sales of homes across the board. Tight inventory levels also factored into the equation early in the year, causing a flurry of activity in many centres. By mid-year, however, the third round of CMHC mortgage tightening had a noticeable impact on housing markets, pushing home ownership beyond the grasp of many first-time buyers.

 

The report also identified several regional disparities. Most notable was the pull back in sales activity in Greater Vancouver. A banner 2011 year and a slowdown in investor activity contributed to the trend in 2012. Yet, moderation was more widespread in the east, with half of Ontario and Atlantic Canada markets (8/16) reporting 2012 sales off the 2011 pace. Strength was evident throughout Saskatchewan, Alberta, and Nova Scotia, where exceptionally sound economic fundamentals drove demand. The Prairies also stood out in price appreciation, along with the Atlantic Provinces in 2012, and a repeat is on tap for next year. In 2013, Vancouver will rebound to post the strongest sales gain, while Quebec markets post the sharpest decrease.

 

Looking forward, there are a number of factors on the horizon that will serve to bolster residential activity in 2013. Canada's economic performance is expected to show signs of improvement, particularly in the latter half of the year, which should bode well for housing markets across the country. Historically low interest rates will also continue to drive healthy home-buying activity, especially in the move-up segment. Last, but certainly not least, there's no denying the universal appeal of bricks and mortar. Canadians believe in home ownership. The stability of real estate over the long-term continues to fuel its appeal.

 

While first-time buyers will continue to have a significant presence in the overall marketplace, they are expected to take a back seat in 2013 in Canada's largest markets with move-up buyers the new engine driving home-buying activity. The greatest advance in home sales is expected in Vancouver (12%), Calgary (10%), Halifax (5%), Kingston (4.5%) and Saint John (4%). The strongest upward momentum in average price in 2013 is forecast for St. John's (6%), Regina (5%), Kingston (4.5%), and Halifax (4%), followed by Fredericton and Winnipeg (3%). More balanced market conditions are expected in 2013 throughout the majority of markets, with supply meeting demand.

 

The long-term outlook for the Canadian real estate remains strong. It has proven so in the past, and it will ring true in the years to come. Canada's major centres are evolving at a tremendous pace and gaining traction on the world stage. As we look forward, our communities will certainly be more vibrant, more sustainable, while our housing mix focuses on density and diversification.

Immigration and population growth will continue to support housing demand moving forward. The Canadian government's commitment to immigration will hold steady, with the country set to welcome as many as 265,000 immigrants in 2013. The greater focus on economic immigrants is already leading to quicker household formation and home ownership than in years past. These two factors will also support the burgeoning condominium segment along with Canada's aging population while the desire for tangible assets props up the upper-end.

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Tips to Winterize your home:



When the weather is turning colder, and the leaves are starting to fall, it’s time to start preparing for winter. What can you do to “winterize” your home? Here are nine tips to help you keep warm and safe this winter:

 1)  Check for leaks. An easy way to find out where heat is leaking out, and cold is seeping in, is to walk around inside your house on a windy day, with a lit incense stick. Hold it near the usual “leaky” areas, such as window and door frames, and electrical outlets. When you find the leaks, you may want to install weather stripping, or caulking to seal the gaps. Foam insulators can be installed behind light switches and electrical outlets.


2)   Check your windows. Replace old or inefficient ones to prevent heat from escaping, or seal drafty windows with clear plastic. Hanging thermal curtains can also help to prevent drafts.

 

3)  Check your furnace. Turn it on to make sure it’s working properly. This is a good time to contact a professional to get it cleaned and tuned. Filters should be changed often during the winter, as dirty filters reduce air flow and can cause fires. And if your furnace is more than 10 years old, you may want to consider upgrading to a new energy-efficient model.


 4) Check your ducts. Homes with central heating can lose heated air before it reaches the vents if the ductwork is not properly connected or insulated, especially if it has to pass through any unheated spaces. And remember to have the ducts cleaned every few years to get rid of built up dust and hair.
   

5)  Check your ceiling fans. For winter, reverse any ceiling fans so they’re blowing warm air downwards. And close your closet doors. Keeping them closed means you’re not heating any unnecessary space.
   

6)  Check your pipes. If you have water pipes running through unheated areas of the house, wrap them with foam rubber sleeves or fiberglass insulation. Shut off the water to your hose bibs with a turnoff valve inside your house, and drain the lines.


7) Check your fireplaces. Consider capping the top of the chimney to keep out rodents and birds. Arrange to have the chimney cleaned to remove soot and creosote. Make sure the damper opens and closes properly.
   

8)  Check your foundation. Rake away any debris, and seal up cracks or other entry points for water or mice.
   

9)  Check your roof, gutters, and downspouts. Replace worn shingles or tiles. Check flashing to make sure water can’t enter the home. Clean out the gutters with a scraper or spatula, and rinse with a hose. Consider installing leaf guards or adding extensions on the downspouts to direct water away from the home.

 

Taken from http://www.squareoneinsurance.ca/

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Click to see the newest report on the state of Recreational Properties in Western Canada.

 

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New job? New baby? Empty nest? Tell RE/MAX "What Moves You?" for a chance to win $10,000 cash! The 9-week contest is under way right now at whatmovesyou.remax.com. Top vote-getters each week will win a $750 Apple gift card. Submit your story and tell your friends to vote!

 

 

 

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