Tag Archives: Homes for Sale

Investing in Curb Appeal

Thinking of renovating your home, either for yourself or to add head-turning sales appeal for potential buyers? Consider your return on investment (ROI) before you get too far.

On average, Canadian homeowners plan to spend about $16,400 on their home renovations*, so it’s important to ask yourself how long you plan to stay in your home after your renovation project. If you’re simply looking to freshen it up in order to put it on the market, you’ll be looking at your projects in a whole different light than if you’re planning to stay in the house for a few more years.

While the Appraisal Institute of Canada notes that kitchen and bathroom renovations can receive a 75% to 100% ROI, they also suggest homeowners not underestimate the value of inexpensive upgrades, noting that light landscaping or gardening, a fresh coat of paint, modern lighting fictures, or even upgraded door handles can give a home an updated look and feel, without spending a lot of money.

The spring real estate rush is on, so if you’re thinking of putting your house on the market, you may want to focus first on renovation projects that reflect prominently on a home’s curb appeal, enticing potential buyers to want to see more. Quick and simple tasks like painting your front door, mowing the grass, giving the yard a good tidying up and arranging bright flowers in outdoor containers go far in creating impressive curb appeal. #cbrmr

Cool Reception to Spring Market

The Toronto Real Estate Board (TREB) confirmed that both the number of home sales and the prices of sold homes plunged in March, as compared to results from one year earlier.

The average home price dropped from $915,126 in March 2017 to $784,558 this past March, while the number of sales dropped to 7,228, a 39.5 percent year-over-year decline from the March 2017 record of 11,954 residential transactions. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types.

TREB President Tim Syrianos explains, “The effects of the Fair Housing Plan, the new OSFI-mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold.”

Jason Mercer, TREB’s Director of Market Analysis, adds, “Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings.”

Is it the right time for you to buy or sell? Please call today for the latest market activity in your specific area of interest.

OPEN HOUSE CANCELLED…Home Sold

Welcome to 128 Allworth Cres in Bowmanville.  Bright, open-concept 4 Bedroom Family home with stylish curb appeal, just minutes from the 401/407 in the historic town of Bowmanville. Ideal for  commuting and enjoying small-town living.  Home Features:  Crown Moulding , 9′ Ceilings and Hardwood flooring on the Main floor.  Family room with gas fireplace that will not cramp your style. Family sized Open Concept Eat-in Kitchen with Breakfast Bar, Built-in Dishwasher, upgraded cabinets and walk-out to yard. Spacious dining/living room with Gleaming hardwood floors.  Large master bedroom with 4pc ensuite including Glass Shower and Soaker Tub plus W/I closet. Secure family neighborhood that is walking distance to newer schools, parks, shopping and public transit. Just Listed for $550,000. #cbrmr

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59 Aspen Park Way. Whitby

SEE IT AND FALL IN LOVE!

$475,000

Open house March 24  & 25. 2 pm – 4 pm

Upgraded home from top to bottom. Nothing to do, but move on in. Stylish kitchen with gas stove, hardwood floors, backsplash, and breakfast bar. Bright and Spacious Open concept living and Dining room, each with Gleaming Hardwood Floors, designer paint colors and Pot lights. Master Suite has walk-in closet and Updated Ensuite. Large and bright finished basement that walks-out to your private yard that perfect for entertaining. Located Conveniently for commuting. $475,000.

 

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433 Ritson Rd. N. Oshawa

Exceptionally Good Value!

$375,000

Open House March 24th & 25th  2 pm-4 pm,

Plant your roots here. Live your dream in this 2 bedroom detached home with formal dining room, living room walk-out to patio, custom designed kitchen with SS appliances, granite counter, under cabinet lighting, pot lights and subway tiles. Added features include a terrific finished basement with wet bar & R/I for future bath, pot lights, utility/laundry room, plus modern main floor bathroom with glass shower doors, and all this within minutes of shopping. Spoil yourself. $375,000.

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Chill Continues Throughout Market

The Toronto Real Estate Board (TREB) announced a drop in sales of almost 35 percent in February, as the average selling price fell more than 12 percent to $767,818.

Although there were more than 7 percent more new listings entered into TREB’s MLS® System in February 2018 over the same month in 2017, TREB President Tim Syrianos reported just 5,175 residential transactions in February 2018, compared to the record 7,955 sales reported in February 2017.

“When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017. Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to re-evaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs,” said Mr.Syrianos.

Price-wise, the apartment and townhouse market segments has annual benchmark price increases of 18.8 percent and 7.5 percent respectively, helping to support the TREB market area as a whole. In fact, Jason Mercer, TREB’s Director of Market Analysis, adds he expects stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.

Are you thinking of making a move this year? Please call today for the latest local market update and for assistance in navigating today’s ever-changing real estate market. #cbrmr

Spring Selling Checklist

With spring selling season around the corner, it’s time to give your home the boost it needs to meet today’s buyer expectations.

Guest post by Patti Stern

With the early spring selling season kicking off shortly after the new year, it’s time to give your home the boost it needs to meet today’s buyers’ expectations. Take advantage of being inside during the cold winter months with these quick fixes that will help your property stand out from the competition, boost its value and sell quickly.

Declutter & Organize

Start tackling one room at a time by packing up anything that will distract buyers from seeing the unique features of your property such as personal collections, family photos, newspapers, books and magazines. Rearrange and remove excessive furniture to simplify and make the room appear larger.

Make Basic Repairs & Updates

Make sure everything is in good working condition. Repair and replace broken light switches, bulbs, ceiling fans, door knobs, leaky faucets, shower heads, windows, thermostats, etc. Update lighting fixtures with contemporary styles and consider replacing older kitchen appliances with sleek, eco-friendly models to capture young buyer interest.

Refresh and Brighten With Paint

Remove wallpaper and cover bold wall colors with a fresh coat of neutral paint to set the perfect backdrop for simple, updated styling. Give older style kitchen cabinets or wood vanities an instant facelift by covering with bright white or dark espresso paint. Then pair with knobs and drawer handles in brushed nickel or satin brass for an elegant finishing touch.

Fresh Flooring

There is nothing that dates a room more that worn, soiled carpeting. Remove and/or replace carpeting to reveal hardwood flooring underneath to instantly brighten and make the room feel more spacious. There are also many budget-friendly, easy to install options on the market now for replacing damaged flooring such as laminate and vinyl that look and feel just like wood.

Add Storage Options

Today’s buyers are looking for plenty of storage. Added storage solutions such as built-in bookshelves, window seats with storage underneath, entry storage units, and extra closet hooks and rods are a practical way to attract immediate buyer attention.

Partner With a Pro

Consult with the Mash Team and we can recommend a professional stager who will have an objective eye and knowledge of what appeals to today’s sophisticated buyers. They will provide a range of solutions for enhancing your home showings by recommending everything from furniture placement to wall color to complementary modern accessories to add clean, welcoming style.

At First Glance

A positive or negative first impression makes all the difference when you’re showing your home, so make note of these tips to help you create the best initial reaction possible for potential homebuyers.

Show your home in its best light. Dark rooms strike the eye as being smaller than they really are, so maximize neutral light in your home by throwing open all your window coverings during the day. Also, make sure all your light fixtures are turned on, and consider (temporarily) switching out low-watt bulbs for some with higher wattage, to brighten rooms even more.

Tone it down. Bold colours are difficult for buyers to see past and busy pattterns are visually distracting, so tone down and neutralize: repaint those loud walls, tear up that busy carpet and tear down that dizzying wallpaper.

Kick clutter to the curb. Like darkness, clutter tricks the eye into thinking spaces are smaller than they are, and like loud colours and busy patterns, it’s distracting and hard to see past — not to mention it can cause buyers to wonder what else is being neglected in the home.

Create the illusion of more space. Open up your closets and have a look. Now remove half their contents. Do the closets look bigger to you? They will to buyers, as well. Another easy trick to visually open up spaces is to strategically place mirrors in small areas like foyers, hallways and anywhere they’ll reflect natural light.

Consider suggestions from your real estate sales representative, who has the experience of seeing what works in today’s marketplace! @cbrmr

Turn Up the Heat!

At this time of year, a warm home is a welcoming home. Take a few minutes now to ensure your toastiest heating options are also safe and energy efficient.

First of all, if you haven’t already, be sure to invest in an annual tune-up for your furnace and gas fireplace. Even if they appear to be working fine, be sure your furnace filter has been replaced recently, and recognize that a professional inspection and tune-up allows you to save money in the long run by ensuring more efficient heating, while preserving the life of your furnace. In addition, an annual checkup allows you the peace of mind knowing there are no potentially deadly gas or carbon monoxide leaks seeping into the house.

Programmable thermostats provide an easy way to ensure your home is only heated when you need it to be. Today’s options include wireless thermostats that allow you to control the heat in different rooms independently, so you’re not wasting your money heating an unoccupied area of the house.

Of course, regardless of what kind of heating system you have, if your house isn’t insulated properly and if you have air leaks around doors and windows, you’re just literally throwing money out the window. Consider having an energy audit conducted to find out where you should focus, to ensure long-term energy savings.

Also remember that good old-fashioned curtains can make a huge difference — throw open the curtains on sunny days to let sunshine naturally heat your home, and close them at night to block the chill.

Finally, remember that spring — and the warmer weather — is just around the corner! #cbrmr

Household Tip: Cleaning with Condiments

KETCHUP: Rub ketchup on your copper pots to make them gleam again; it’s acidity helps dissolve tarnish and stubborn spots.

MUSTARD: Mustard powder can actually be used as a deodorizer in containers that have acquired a smell from its previous contents, or pans that have cooked strong-smelling meals such as curry. To get the smell out, mix mustard powder and hot water together in the container, let it sit for half an hour, then wash out as usual.

MAYONNAISE: Use mayonnaise to rub unsightly water marks out of wooden furniture, and to remove sticky adhesives and glue from glass. Bring the shine back to large-leafed houseplants by wiping leaves with a mild soap and water mixture first, then using a paper towel to rub a dab of mayo into the tops of leaves.

VINEGAR: Vinegar has a huge cleaning capacity, from windows to floors, to getting stains off shower doors and disinfecting your cutting boards. Consider mixing vinegar with lemon juice to cut the pungent smell. $cbrmr