HOMEBUYINGTIPSFORSENIORS In real estate, so much attention is paid to first-time homebuyers or to the Millennial generation. Yet, a 2018 survey found that 1.4 million Canadians between the ages of 54 and 72 were planning to buy a home in the next five years. Whether to downsize, relocate to a warmer destination or move closer to family members, there are plenty of reasons to purchase a home in your 50s, 60s, 70s and beyond! A few things you
can do to help the process go smoothly would be to determine your preferences, find a lender and prepare for the move. To figure out what you want in your next home, decide if you’d like to relocate within your current area or move somewhere new. Next, decide
if you want a multi-level home, bungalow or condo. If you require a mortgage, consider using a broker to help find you the best rate. Lastly, prepare for this next stage in life by
decluttering your current home. Try to take only the things you regularly use or truly love.
Courtesy of www.the-wilson-world.blogspot.com
TIPSFORBUYINGYOURFIRSTRENTALPROPERTY If you’re thinking of investing in a rental property, there are a few things to consider before becoming a landlord. First, do you have the time and abilities to perform maintenance and repairs? If not, you may want to hire someone to do it for you. Just remember their wages will have to come out of your profits. Next, make sure you aren’t carrying extra debt. A rental property is a huge investment, and ensuring you have a margin of safety will make the financial end of things go more smoothly. Mortgages for investment properties often have more stringent approval requirements – so make sure you have a decent-sized down payment. Meanwhile, beware of high interest rates. Once again, any additional money spent means less return on your investment. Lastly, choose a property in good condition in a desirable neighbourhood. Buying a fixer upper might be tempting, but if it’s your first rental property it’s best to take the safer route now and save the homes that require a ton of work for your next investment. If you’re excited for back to school, then these apple waffles are for you! If you’re not excited about back to school and wish it would stay summer forever, then just think of these waffles as fresh apples hanging from a tree. Either way – they’re cute and delicious! INGREDIENTS: Waffle mix 2 apples Red food colouring Gummy worms (for leaf and a worm) Pretzels (for stems) DIRECTIONS: 1. Peel and grate the apples. 2. Mix waffle batter according to the directions on the box, then toss in the grated apple pieces. 3. Add in several drops of red food colouring and stir. 4. Pour into waffle maker. 5. After the waffles are cooked and cooled, add the fun embellishments to make it look like an apple – with a worm crawling out of it!
Did you know sharks are one of the oldest living organisms on earth and that they have night vision and a heightened sense of smell? These awesome creatures get a bad wrap thanks to scary movies and exaggerated media coverage, but the truth is you’re more likely to get injured by a toilet than a shark.
THREEPOPULARPAINTCOLOURS If you’re thinking of repainting your home, but want to make sure you use colours conducive to a future sale, try one of these three popular shades. 1. Hazelnut. Warm and inviting, while remaining subtle enough to blend with anything. 2. New Blue. Timeless, yet contemporary. Think a cool, grey-blue. 3. Lilac Grey. If you want a warmer, less moody grey, lilac grey is both elegant and fun.
THE4BEST-KEPTSECRETSFORSELLINGYOURHOME When it comes to selling a home, we’ve all heard we need to declutter, remove personal items and paint over bold walls with a more neutral colour. But there are a few more less-known tips that can help get your property off the market fast. Maximize the light. Of course, we hear that opening the curtains for a showing is a must. But have you ever been advised to take them down all together? Or, if you still want the look of fabric framing the window, consider installing flowing white curtains. To let in even more light, make sure your windows are squeaky clean and trim down any trees or bushes that might be blocking the sun from pouring in. Hide your pet paraphernalia. If you’re a pet person, it’s hard to imagine someone would find your fur babies anything other than adorable. But people who don’t like pets – or are allergic to them – won’t appreciate your basket of fuzzy toys or your matching stainless steel food and water bowls. Stash these items away whenever you have a showing. After all, your pets aren’t going to stay with the house! Sell your kitchen. It’s the area buyers are going to pay the most attention to. If they see outdated countertops, or if your dark cabinets make the room seem small and depressing, they’re not going to be as interested in the rest of the house. A largely unknown tip is to buy one higher-end appliance. It will make buyers think the other appliances are fancy too. Always be ready. This tip is probably the most difficult to follow, especially if you have a big family or a very busy life. But your home needs to always be in a ready- to-show state. That means no dishes in the sink and no dust bunnies in the corner. It may be inconvenient, but being ready is what is going to get your home sold.
Some letters of the alphabet are missing from the circle. Can you use the missing letters to find something to eat?
Courtesy of www.puzzlechoice.com
BRAIN TEASERS - Wordplay
Hot Market in a Scorching July August 6, 2019 - Members of the Ottawa Real Estate Board sold 1,842 residential properties in July through the Board’s Multiple Listing Service ® System. This included 1,382 residential properties and 460 condominiums.
AVERAGE SALE PRICE $487,308 residential UP 10.4% year-over-year
AVERAGE SALE PRICE
“Typically, after the busy spring, July tends to be a slower month as people take vacations and spend more time with their families, but there was no slow down this past month,” observes Dwight Delahunt, President of the Ottawa Real Estate Board. “In fact, we recorded the highest number of July sales in 15 years.” “Also, for the first time in 2019, there was an upsurge in new listings which has slightly improved housing inventory. Although this is encouraging news, it is not enough to keep up with demand. In order to bring about a more balanced market, there needs to be at least a three-month supply of listings. Currently, Ottawa is closer to a one-month supply,” he adds. July’s average sale price for a condominium- class property was $299,665, up 6.8 per cent from last year while the average sale price of a residential-class property was $487,308, up 10.4 per cent from last year. - Source: Ottawa Real Estate Board
UP 6.8% year-over-year
Stats are Reflective of July 2019
Source: Ottawa Real Estate Board
Market values stated are of the average of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.