Looking for that cottage life?

Do you have a dream of owning a place outside of the city where you can escape, kick back and relax? If so, you’re not alone. As demand continues to increase and average prices continue to rise, now more than ever you will need to be patient, establish a list of ‘musts’ and work with a Realtor who understands the recreational market, if you want your dreams to come true.

To begin your search, target potential areas and consider a road-trip to visit your most coveted spots. Once you find your ideal location, narrow your search by establishing a list of priorities. Do you plan to use your recreational property for seasonal versus year-round use? Do you wish to build a new cottage or buy an existing one? What are your hobbies? Is proximity to hospitals, public transit or schools important? If you are near water, lakes can vary tremendously in terms of allowances for boating, fishing and swimming. In the winter, do you want to use both cross-country and downhill skiing facilities?

With your priorities established, you will also be in a strong position to act fast if you need to. Popular sites are in demand.

Buying a recreational property can be considerably more complex than a standard home purchase and it generally takes longer. There is considerably more time and travel involved. The effort, according to a growing number of Canadians, is more than worth it.

Before you begin your search, give me a call. I can get you started down the right path toward your home away from home. If I cannot assist you directly in your purchase transaction, I can refer you to a quality Royal LePage Realtor in your desired area from our network of over 13,000 real estate professionals from coast to coast.

For the most recent Royal LePage Recreational Property Report, visit www.royallepage.ca and click Press Releases.,Demystifying Mortgages – How Much Can You Borrow?

A home is typically the largest purchase you will make in your lifetime, and for most Canadians this means obtaining a mortgage. The amount of your mortgage will determine the size and location of your new home – not to mention the size of your payments. So how do lending institutions decide how large your mortgage loan can be?

Call RIZ today to purchase your home away from home! 519-716-7253 (direct)

Helpful hints in making a small room appear bigger!

Small rooms are the bane of the home decorator. How do you achieve a pleasing look that doesn’t feel cramped and claustrophobic? Short of building an addition or knocking down walls, you are limited to a few, but effective, decorating tricks that create the illusion of space.

The strategic use of colour and light is the best way to achieve this. Choose light shades of paint or wallpaper for the walls. Lighter colours reflect light making for a brighter room. Use an even lighter shade of the same colour or white for ceilings and floors. A darker colour on the ceiling will make the ceiling look lower and tends to make the walls look as though they are closing in.

Avoid harshly contrasting colours. In fact, a monochromatic colour scheme that carries throughout the room into fabrics and accessories is very effective. Steer away from too many patterned items. The goal here is to blur perspective.

Anything you can do to bring light into the room will also give the effect of increased space. A corner wall sconce that casts light up onto the wall works well. Try to vary lighting effects for interest. A skylight is a great way to add light to a room, but isn’t always practical or affordable. Mirrors are a great solution for small rooms. Place mirrors directly across from another for maximum impact. A mirror placed across from a window is also effective. Place a lamp in front of a mirror to add more light to your room.

If you have wood or patterned flooring, have it installed so that the lines run diagonally across the room. This makes for longer lines, which give the appearance of a larger space. When furnishing the room, pick objects that are proportioned to the size of the room. For example, opt for a loveseat over a full-sized sofa. Lastly, keep the clutter to a minimum. Avoid using a lot of knick-knacks and keep the room tidy and well organized.

Remaining objective can be a difficult task when viewing an open house. It is easy to fall in love with a home’s appearance, blind to problems that may make it unsuitable. While aesthetics can be an important consideration, it is necessary to look beyond window-dressing.

Aqualified home inspector should be hired before purchasing a home, but there are areas that consumers can examine on their own. This will shorten your list of potential homes and reduce the likelihood that a home inspector will reject it as unsafe or unsuitable. Here are some considerations and common problem areas to look for when touring an open house:

General Upkeep

Much can be surmised from the general state of the home. Is the home clean? Are lawns left uncut? Are the walls chipped and in need of paint? If smaller chores have been ignored it may be an indication of a broader disregard for home maintenance.

Water Leaks

Check ceilings and drywall for stains, bulges and other signs of water damage. Water that works its way inside via a leaky roof or a cracked foundation can rot wood, create mildew and mold, destroy possessions and can be expensive to repair.

Does it Work?

Test lights, faucets, the heater, air conditioning, major appliances (that are to be included with the home) – even flush the toilets to ensure everything is working as it should.

Floors

As you walk across the floors be aware of spongy (soft or springy) sections. Excessive squeaking and uneven, bumpy floors may also be indicative of expensive forthcoming repairs.

Doors & Windows

Check that doors and windows fit snugly in their jambs and operate smoothly. Look for flaked paint and loose caulking. If the wood around windows and doors is not protected from moisture, it can rot away. Feel for drafts in these areas too.

Poor Drainage

On a wet day walk around the yard and look for areas where water collects. This can be an especially bad sign if there are soggy areas near the home’s foundation.

Grout & Caulking

If the grout and caulking around bathroom and kitchen tiles is loose and crumbly, there is a good chance that water is finding its way into the wall or under the floor.

Structural

Although this is definitely an area where you want the services of a qualified home inspector, you can get an idea about possible structural problems if you see deep cracks in the foundations or loose mortar and bricks.

Miscellaneous Concerns

Naturally, one the most important factors will be determining if the house suits your family’s needs. If you do not want to replace all of your furniture, make sure it will fit into the rooms of the new house. This is difficult to do by eye, so be sure to bring a measuring tape. Also, take note of storage space. If you are moving from a home with large closets and a shed, make sure your new house is able to store an equivalent amount of belongings.

Get the best value for your dollar

You’ve been pre-approved for a mortgage and have established a budget for buying a new home but aren’t quite sure what to look for to get the best value for your dollar – that’s where we can help

Consider location

Location is one of the most important determining factors when purchasing a new home. Make sure the neighbourhood has a good reputation, is close to essentials (schools, malls, grocery stores and hospitals) and is far away from unappealing or industrious areas.

Consider your lifestyle

Give some thought to your lifestyle and the features you need and want in a home. Can you afford the property? Is it accessible? It is suitable for a family?

Ease of access

Is the property easily accessible from a map? Is it close to a highway or major road? Is public transportation readily available? If so, what’s the cost?

Consider public areas and services

Take into account the condition of public areas, such as streets, sidewalks, parks and recreational facilities. Are they well maintained? Also consider public services, such as street cleaning, snow removal, garbage collection and emergency services.

Be objective

It’s easier said than done to be objective when it comes to buying a home, however, this mentality can quite possibly save you from getting stuck with a lemon.

Get help buying your new home and give real estate pro Riz Jadavji of Royal LePage Wolle Realty a call at 519-716-7253, send him an email, visit his Gold Book page, Facebook page or follow him on Twitter for more information and to stay connected.

Westmount Grand

Great New Home Listings!

With the frigid temperatures we are having I thought I would warm you up with news that “spring is just around the corner”. Don’t put it on HOLD…Call RIZ to get it SOLD!!

Calculate with confidence

Calculating a mortgage can seem like a daunting task, but it doesn’t have to be with the help of experienced real estate agent Riz Jadavji of Royal LePage Wolle Realty in Kitchener, Ontario.

Whether you’re a first time buyer or are looking to upgrade or downsize, mortgages are a necessary evil. The best thing you can do for both you and your loved ones is understand the ins and outs of your mortgage.

To better understand your mortgage there are a few terms and numbers you’ll want to familiarize yourself with. These are: the actual loan or mortgage borrowing amount, the annual interest rate, the mortgage amortization period (in years) and your mortgage term (in years).

In Canada, all mortgages are compounded semi-annually as required by law. If you’re quoted an interest rate of six per cent, your effective annual rate will be 6.09 per cent based on three per cent semi-annually. Considering your mortgage payments usually occur on a monthly basis, a monthly rate must be calculated based on an annual rate and in this case your monthly compounded rate works out to just under six per cent (5.926 per cent to be precise).

The length of your mortgage amortization period can affect how much interest you pay and the shorter the term the more likely it is for you to pay less in interest. Likewise, a mortgage loan with a smaller mortgage term (an example would be a period of 10 years as opposed to 15 years) and higher monthly payments can save you thousands if not tens of thousands of dollars over the long term. If you can afford to make higher monthly payments and can handle a shorter mortgage term, it’s something worth considering as the savings can be considerable.

Riz Jadavji of Royal LePage Wolle Realty in Kitchener has more than 10 years experience serving the Kitchener-Waterloo area and helping customers find their dream homes. He will work with you and your family to get top dollar for your property when selling and receive the best bang for your buck when buying. He’s even designed a nifty mortgage calculator to make it easier for you to understand the financials of your investment.

Give the professional and courteous real estate pro Riz Jadavji of Royal LePage Wolle Realty a call at 519-716-7253, send him an email, visit his Gold Book page, Facebook page or follow him on Twitter for more information and to stay connected.

Home Is Where The Heart Is

Winter Collection

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