Category Archives: Linda Mash

Premium Family Neighborhood

433 Safari Dr. Oshawa

$575,000

Open House Saturday October 21 and Sunday October 22, 2017 2-4 pm

Warm and Inviting is the best way to describe this 3 Bedroom, 3 Bath home. Open Concept Kitchen with Corian Coutertops, Over Looking Family Room with a Warm and Cozy Fireplace and Cathedral Ceilings. Inviting Living and Dining Room Large enough for all the Family. Main Floor Master Bedroom with Ensuite and W/I closet.  Huge Rec Room, 3 pc bath and bedroom/office complete the finished basement. Exceptionally well kept Family Home. To see it is to want it.

Virtual tour: 433 Safari Drive

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What does being rich mean? How to define it

You probably know wealth when you see it around you – but do you know whether you are rich?

With real estate values soaring across the country, many Canadians feel a level of financial confidence today they’ve never known before. But have they reached a point of financial security? Do they have enough money for their future, and if not, how will they know when they do?

Statistics Canada employs numerous metrics for the other end of the spectrum, without ever using the term “poor.” For instance, the income cutoff for a single person living in a large city was $24,328 in 2014. For a family of four the amount was $45,206.

But there is no magic threshold, no national statistic, that defines you as rich. Wealth is a malleable term that might mean a well-stocked beer fridge, living mortgage-free or having enough money invested for a long retirement.

When it comes to amassing wealth, the United States sets the gold standard. But Americans themselves can’t definitively articulate what being rich means.

Twenty-seven per cent define it as having a lot of money; while 24 per cent say wealth means enjoying life’s experiences, and 22 per cent say it means being able to buy anything they want. That is the breakdown according to a representative sample of 1,000 U.S. adults surveyed in April by Koski Research for Charles Schwab Corp.

When asked to express how much is required to be considered “wealthy,” this “average” group of Americans came up with the amount of $2.4-million (U.S.), or nearly 30 times the actual median net worth of U.S. households.

Ask rich people a question like that, however, and you get a completely different answer.

Many people who have the drive to make significant sums of money don’t have the ability to dial down that ambition once they are wealthy. For them, the thrill is in the pursuit and money is the scorecard.

When the investment firm UBS AG polled 2,215 U.S. millionaires in 2015, nearly two-thirds of those with a net worth of less than $5-million and dependent children expressed concern that they are only one wrong step away from a major setback – be it a large investment failure or job loss. For individuals with $5-million or more, one-third said they felt they couldn’t withstand a setback.

Clearly, money doesn’t make it easy to sleep at night; it can be difficult to relax once you get to the top.

“With memories of the financial crisis still lingering, most millionaires don’t have enough wealth to feel secure,” concluded the UBS report, entitled When is Enough … Enough? “As a result, many feel stuck on a treadmill, without a real sense of how much wealth would make them satisfied enough to get off.”

In Canada, the average household net worth rose 4.3 per cent to $680,098 in 2015, according to Environics Analytics. Vancouver households crossed a symbolic threshold, becoming the country’s first “city of millionaires,” with an average net worth of $1,036,202, up 7.3 per cent from the prior year.

These gains were powered largely by rising real estate prices; Canadians’ principal residences comprise about one-third of their assets, according to Statistics Canada. What homeowners generally fail to accept, however, is that the money in their principal residence is permanently locked in. Very few Canadians end up selling their homes in retirement and enjoying the proceeds until their last cheque bounces the day they die peacefully in their beds.

Instead of looking at home valuations, a better measurement of wealth is whether your earned income – that is personal income from investments rather than employment – exceeds your expenses. Another sign of real wealth is the ability to forgo life insurance, because your estate would have enough assets to support your family at its current lifestyle.

Probably the least helpful way to assess your wealth is by comparing your spending with others, a process that will surely leave you feeling short.

Consider the millionaire family that flies to Whistler, B.C., annually for a ski vacation during the March break. By most standards, they look rich. But those parents may well be looking at a select group of their friends who are redefining the holiday experience by opting for snow and surf during the two-week break scheduled by most private schools: the first week in Whistler, the second in the Caribbean.

Instead of chasing a mirage, the best approach may be to embrace a broader definition of wealth. If you knew you only had five years to live, how much financial hardship would your family incur? How drastic a set of steps would you need to take to get your financial affairs in a state acceptable to you? What financial legacy would you be leaving and how close to your goals would it be? And most importantly, what course would you set to optimize those final years? Answers to these questions could provide the best snapshot of your true personal wealth today.

 

https://beta.theglobeandmail.com/globe-investor/what-does-being-rich-mean-how-to-define-it/article36380777/?ref=http://www.theglobeandmail.com&

 

20 Barnard Crt. Ajax

Open House October 8, 2017 2-4 pm

$525,000

Quiet Family Court

You’ve got to see this one in person! Full of designer touches. The good life is certain in this 3 bedroom, 2.5 bath home with finished basement, hardwood floors on top level, and walk-out from kitchen to covered patio overlooking huge back yard. Enjoy carefree living with low maintenance exterior, updated windows, furnace, newer shingles and electrical panel. Enjoy the convenience of an large eat-in kitchen that has been recently updated with top of the line appliances, quartz counter-top, under the counter lighting and over sized center island with B/I dishwasher, cupboards and seating for 5. All this for only $525,000 .

 

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1422 Outlet Dr. Oshawa

Refreshed and Rejuvenated…

Great Home For First Time Buyers. Raised Bungalow With Interlock Driveway And Walkway. Home Features Newer Flooring & Paint Thru-Out, Newer Furnace. Large Windows In Basement, Updated Electrical Breaker Panel, Newer Modern Kitchen And 2 Baths, Walk-Out To Deck From Master Bedroom Plus Wall-To-Wall Closet. 2+2 Bedrooms. Large Recreation Room In Lower Level. Combined Laundry And Utility Room With Huge Windows. This could be yours for $389,900.

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The Psychology of Clean

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Does mess equal stress? An article in Psychology Today* says “yes!” But the good news is, clutter is one of the easiest life stressors to fix.

Clutter both at home and at work can stress us out on a number of different levels, making it difficult to relax, both physically and mentally. It signals to our brains that our work is never done, and creates feelings of guilt and embarrassment. Clutter also creates a feeling of frustration by preventing us from quickly locating things we need, from keys to paperwork. There’s simply nothing good about mess, so here are some tips to help you tackle it.

    • Address one area at a time, and finish de-cluttering and cleaning that one area before moving onto the next. This creates a sense of accomplishment as you fully complete one task or one room at a time.
    • When it comes to getting organized, setting up more shelves and storage areas isn’t always the answer. Downsize your belongings first by getting rid of things you don’t use or need – donate or toss as necessary, then create designated areas for the rest, ideally in closed spaces such as drawers and cabinets. Simply re-organizing things on open shelves doesn’t take care of “mess stress” as your clutter is still in sight, creating visual stimuli that your mind continuously has to process.
  • Once you get your clutter under control, keep it that way by getting in the habit — making a resolute effort every time — of putting things back where you got them. It sounds simple, but it’s a repetitive process that needs to be continuously reinforced before it becomes routine.

www.psychologytoday.com/blog/high-octanewomen/ 201203/why-mess-causes-stress-8- reasons-8-remedies

 

152 Olive Ave. Oshawa

Only $199,900

Exceptionally Good Value!

2 Bedroom, 8 Year Old Freehold Townhouse That Is Cheap Living Or Makes A Great Investment Opportunity. Home Features Eat-In Kitchen, A Bright View Of The Morning Sun From Living Room, Full Unspoiled Basement And A Good Sized Backyard. Great In-Town Location. Close To 401, Public Transit, Downtown University Campus & Park!
Built In 2009.  Same Tenant Since 2009 Pays $900/Mth.

1047 Ridge Valley Dr. Oshawa

Open House Sunday September 10, 2 pm-4 pm

Live your dream in this 4 +2 bedroom, 3 bath home. Home Features: Double-car garage, eat-in kitchen and main floor family room with walk-out to large deck that is convenient for entertaining. Dramatic fireplace in family room, large master with 2 Walk-in Closets and en-suite bath. Home has quality updates including windows, driveway, flooring, kitchen and baths. Located on a quiet street with good schools nearby. Reduced to $650,000.

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First Impressions

PhotoCan you sell a home by its cover? If your home features a well-presented home exterior, it’s certainly a possibility.

Today’s many exterior refinishing options provide ways for your home to stand out, increase its perceived value and capture the eye of the right buyer, no matter what your budget. Re-facing the outside of your house can be as simple and cost-effective as repainting it, or as involved as applying new brickwork. Here are just a few of the options available.

Paint: The least expensive option, a fresh coat of paint can instantly brighten and freshen your home’s exterior.

Siding: Vinyl siding is lightweight, inexpensive, easy to install and can cover a multitude of sins from flaking paint to uneven wall surfaces. Wood and brick siding are more expensive, but can create a richer impression.

Stone Veneer Siding: Boasting the luxury look of full stonework but with a much easier installation and substantially lower cost, stone veneer is becoming a strong contender in the home upgrade market. Whether you’re refacing for your own benefit or for curb appeal, it’s worth noting the return value of your investment: the annual Cost vs. Value Report, reported in Remodeling Magazine, affirms an 89.4 percent return-on-investment for manufactured stone veneer.

Stucco: Attractive, low-maintenance, and available in a variety of textures and colors, stucco can add warmth to the exterior appearance of your home. Before installation, however, be sure to investigate its practicality for the weather in your region.

7 Reasons Buying Beats Renting

Right now in the Durham Region, home buying is much better than renting. Discover the advantages home buyers have in today’s market that renters are missing out on.

Why Buying a Home Thru The Mash Team is Better than Renting
Conventional wisdom used to state that buying a home is always a great investment.

Now more than ever it has become easier for “First Time Buyers” as Prices Have Dropped since April. There are more homes to choose from and we are not experiencing as many Multiple Offers situations.  We seem to be in a more typical summer balanced market.

The good news is that Year to date stats show that the average selling price is higher today than from  a year ago.

Price Security in Home Buying
Historically, prices tend to rise over time. For example, a loaf of bread, a gallon of milk, and a semester of college tuition cost more today than they did in 1990.

Your mortgage payment, however, is one constant you can rely upon. If you hold a fixed-rate mortgage, your monthly principle and interest (P&I) payment remains the same, regardless of how prices are moving in other industries. (Your property taxes and homeowners insurance may rise.)

Price consistency offers the advantage of planning for the long-term future. As a homeowner, you can anticipate your monthly housing costs for 1, 3, or 5 years.

As a renter, you can’t lock in this type of security. As prices climb, landlords raise the rent to meet the current market.  The allowable rental increase for 2018 is 1.8%.

If you’re renting with a month-to-month lease in Ontario, your landlord can increase your rent with 90 days of written notice. This puts renters in the difficult position of needing to either find the additional funds or scramble to secure new housing with little advance warning.

Investment – Cash-on-Cash Return
As a home buyer, the outlay of a small down payment as low as 5% can give you the opportunity to make out sized gains.

Hypothetically, for example, imagine that you put a 20 percent down payment on a $100,000 house. The price rises 5 percent, to $105,000. You would earn $5,000 on your initial outlay of $20,000 – a return of 25 percent. This is known as cash-on-cash return, and homeownership can make this type of gain accessible to the average person.

Forced Savings
A home can be a type of “forced savings.” Each month, a portion of your mortgage payment is returned to you in the form of equity. The longer you own your home, the more equity you build – both via mortgage payments as well as in potential value increases.

Renters don’t have this luxury. Many of the pro-rental arguments hinge on the assumption that money “saved” (either via lower monthly payments or through alternate uses of the down payment) would be invested in the stock market.

Realistically, though, what’s the likelihood that a renter would invest that money, rather than spend it on a trip to the Bahamas? And if that money were invested, what’s the likelihood that a renter wouldn’t panic during the next crash and sell at the bottom of the market, turning paper losses into actual losses?

A home functions as ‘forced savings,’ helping you build equity. Like a personal trainer, it keeps you accountable.

Flexibility with Home Improvements
As a homeowner, you can have the freedom to upgrade your home to your heart’s content – without carrying risk or ongoing financial commitment.

If you get a bonus at work, you can celebrate by installing hardwood floors or renovating the bathroom. If you suffer a financial setback, you can defer your plans to remodel the kitchen.

Renters don’t hold this flexibility. The only way they can upgrade their living space is by moving, and this entails both hassle and commitment.

Homeowners, by contrast, can upgrade their home piecemeal as they accumulate cash over the years. Home improvements are a one-time expense that doesn’t require continuous commitment.

Pride of Home Ownership
You wouldn’t invest hundreds of hours or dollars cultivating an exquisite garden in a rental property. You wouldn’t paint, hang wallpaper or replace the light fixtures on a rental property.

As a homeowner, you can take pride in personalizing and perfecting your home. The space can truly morph into a reflection of you, in a way that a rental property never could.

Neighborhood Connection
As a homeowner, you’re more likely to become involved in your local community. There’s a stronger chance that you’ll join the neighborhood association if one was available, organize potlucks or block parties with your neighbors, coach a local sports league or volunteer at the local school.

While it’s possible that you’ll get involved with the community as a renter, you’ll also likely feel an emotional barrier that stems from knowing you might move in a year or two. Committing to an area for the long-term can inspire you to invest more time and energy into improving the neighborhood and connecting with the surrounding community.

For more information on how to buy a home, call us. We are here to help.  Real Estate is still a good investment.

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Open House Sunday Aug 20, 2 pm-4 pm

1047 Ridge Valley Dr. Oshawa

 $675,000

Open House Sunday August 20,  2 pm – 4 pm

Live your dream in this 4 +2 bedroom, 3 bath home. Home Features: Double-car garage, eat-in kitchen, finished basement, dramatic fireplace in main floor family room, and good schools nearby. Home has lots of updates: located on a quiet street, landscaping, finished basement, Large master with 2 Walk-in Closets and Ensuite bath. This Perfect home for entertaining with Large Dining Room Combined with Living Room. Filled with light and open spaces.  $675,000.

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