No Picture

Factors That Affect the Cost of Home Ownership

December 13, 2017 admin 0

First time homebuyers are extra careful in planning their budget. They consider a lot of things such as monthly house payments against their rent or lease payments. There is also the consideration of down payment. However, many of them tend to leave out some other crucial factors which often have a significant impact on their budget, and the price of house they can truly afford.

Increased Costs of Utilities 

Being your first time to buy a house, you probably want to move into a place bigger than your current apartment or rental home. Although it feels wonderful to get that extra space, it also requires more power to keep everything running smoothly and keep your home comfortable. Heating, air conditioning, and the cost of using more appliances can add up to your utility bills that might leave you surprised. Make sure you ask the home builder about the common cost of cooling, electric, and heating according to your lifestyle, including the usual prices for summer and winter months alike. If your utilities will cost 30 percent more compared to when you were renting, you can add this to your monthly expenses before you decide on the price of house your budget can afford.

Future Repairs and Maintenance

Whether you are looking at an older house which requires a few renovations, a house and land package, or a new display model, your future home will require regular maintenance and periodic repairs after some time. When you are renting, most of the repairs or maintenance are shouldered by the landlord. However, once you have your own place, you will be on the hook for the replacement and repairs of damaged or worn appliances. Months may pass with no repairs required but once they pile up, these could get quite costly. The same thing goes for maintenance like washing windows or painting walls. You can go DIY or hire experts to it for you. No matter what path you choose, you will still need to invest in materials and tools at the very least.

Different Mortgage Fees

Mortgage calculator will be able to give you a good idea of your monthly payments for mortgage but you still need to include other fees which your lender might charge to make up for the loan you go from them. These fees obviously add up too quickly. The good news is that these are only one-time expenses although these can still increase your initial payment or closing costs by a few thousand dollars.

Property Management 

In case your chosen builder provides townhouse developments, house and land packages in planned communities, or golf communities, you might need to pay a property management fee every month. These are the fees covering the price of care and management of common area and other amenities in the community. These fees can differ so make sure you raise this concern. 

Buying your home for the first time might make you feel intimated with all the potential fees and costs associated with home ownership so make sure you conduct some research first and set aside a complete budget before you make a commitment.

No Picture

Make Sure Your Home Or Condo Passes Roofing Inspection

November 18, 2017 admin 0

Advice On How To Pass A Roof Inspection Of Your Home

If you have minor roof leaks, there is no need to hire a professional roofing expert to mend them because you can always fix them on your own. Here is the best advice from http://roofingrenonv.net/ on how to repair a roof, regardless of the size and material.

1. Repairing Shingles

If you have a flat roof, it’s easier to identify any problems with the shingles near the area where the water is leaking into your house. Remember that the source of the leak might be a little farther away from where the leak was actually spotted. If you have a slanted roof, inspect areas higher than where the leak was detected. Inspect your attic for water stains, mold or black marks. Run a hose on your roof and let another person alert you when there’s a leak inside the house.

Once you have identified the leak, look for missing, damaged or curled shingles since they are the source of the leak. Look for any roofing tacks that might be exposed too. Straighten out the curled shingles by softening the edge with heat from a blow-dryer. Avoid using an open flame since they are flammable and the excess heat will ruin the shingle. Reattach them once they are straightened with asphalt roof cement. Also, if there are any damaged shingles, you should replace them to avoid further leaks into your house.

2. Repairing Damaged Shakes

Get a chisel and hammer then split the damaged shakes. Remove the pieces by placing the chisel under the damaged unit. Remove the ends of any pried out nails using a hacksaw. You can also choose to work around the nails if you can’t saw without damaging the remaining good shakes. Cut off new shakes and slide them into place then seal using a caulking compound for the best results.

3. Roll Roofing

Start by inspecting for blisters or cracks present in the roofing material. If there are any, you should mend them. Use a utility knife to cut through the middle of the blister but avoid cutting the substrate found underneath it. Soak up or squeeze out any water found inside to make sure the area is completely dry. Spread some roofing cement on the loose roofing material and press it down. Once you have repaired the blister, you should hammer some galvanized roofing nails to it then cover the whole area with more roofing cement, including the nails for the best results.

The first step of repairing a roof is identifying the leaks present. Make sure you check thoroughly to avoid missing out any leaks that might do more harm to your roof even after you have done the necessary repair. Check the attic, the shingles and also your ceiling for any mold or water stains that might help you trace the source of the leak effortlessly. Next, you should use the right roofing repair materials to replace the damaged or broken areas. If you have some extra shingles, you can always replace the missing ones to avoid further leaks to your property.

homes in Kelowna

Top 5 Reasons Why You Should Use a Realtor to Buy a Kelowna House

August 14, 2017 admin 0

Buying a Kelowna House with a Realtor

Are you looking to get your own Kelowna Neighbourhood home and have no idea how to start? Well, there are many misconceptions flying around. The main one, however, is that you can save a ton of money by looking for and negotiating the price of a house without enlisting the services of a realtor. While it is possible to get yourself a good deal, there are many reasons you should use a realtor to buy a house. Here are five.

1. Pricing expertise – Most realtors are able to determine the real value of a house just by looking cursorily. They can know if a house is over- or underpriced. A realtor will help you save time by leading you to the properties that match your needs. In addition to the huge data on local properties, their experience on neighborhood transaction trends is an advantage you really want to exploit.

2. Handling the paperwork – People who’ve bought homes will readily admit that they have a whole shelf dedicated to the documents that arose from the transaction. In most instances, handling the paperwork is tiresome. However, when you hire a realtor, you not only cut on the time you spend on the documents but also reduce oversights that arise from unchecked
boxes and submitting incomplete documents.

3. Finding appropriate available properties – While most homes available for sale are listed on websites, a good number of properties from covert sellers are only known to realtors, therefore, hiring the services of one to buy a home broadens your search as well as the available property choices that are open to you.

4. Code expertise – Aside from the primary purpose of providing shelter, you may buy your house with a few other secondary uses in mind. For instance, the front parlor of a house situated on the edge of the business district can also serve as a candy store. However, this is only possible if the zoning ordinances allow you to use the house in that manner. Realtors have all these bits of information and will be happy to advise accordingly.

5. Counter closing problems – Certain pitfalls can kill a transaction only hours before closing. Examples of such pitfalls are unclear
titles, delayed financing, and incomplete renovations. Using a real estate agent helps you avoid such issues since these professionals can identify and sort the problems well in advance before they kill the deal.
You can shop for and buy a house unaided but remember that hiring a realtor when buying a house hastens the process and eliminates any problems you may meet along the way.

6. Refer Good Contractors-Your Realtor works in the community and knows the good businesses that can help you prepare your home for your family such as  Kelowna Flooring, Plumbers, Home inspectors, Carpenters, Movers, etc.

Top 5 Reasons Why You Should Use a Realtor to Buy a Kelowna House