Home Trends from Maria Senajova
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LESSER-KNOWN INTERIOR DESIGN STYLES You’ve likely heard of popular interior design styles like farmhouse, bohemian and transitional. But there are many more types out there – and here are three of them. • Japandi . A cross between Japanese and Scandinavian design styles, where clean, modern lines and natural wood tones create an aesthetically pleasing and relaxing vibe. Great for trendsetters who also love to curl up at home with a good book. • Grandmillenial . Start with the traditional idea of a grandma’s house, bring it into the new millennium and you’ll get grandmillenial. Antique china, floral wallpaper and dark wood furniture paired with metal accents and abstract art mean that – in a grandmillenial home – there’s always something to look it. Great for those who like to surround themselves with patterns and aren’t afraid to just go for it. • Rustic Minimalism . Minimalism is a design trend that will never go out of style, but it can be a bit too bare bones for some. By adding in natural elements and not-so- perfect vintage finds, a minimalist space suddenly becomes inviting. Great for those who don’t like to have a lot of “stuff” in their home, but still crave a touch of warmth.
WHAT IS A BUILDING ENVELOPE? Unless you’re a home construction professional, you likely don’t know what the term “building envelope” means, but as a current or future homeowner, knowing what a building envelope is and how it works can be essential in preventing and recognizing issues. Key components of a building envelope are the foundation, wall assemblies, roofing systems, doors, windows, vents and chimneys. It protects the building and its occupants from the elements and also provides aesthetic appeal. Themost important job a building envelope does is facilitating climate control. The envelope keeps cold or hot air generated from furnaces and air conditioners in the home, which saves on electrical and gas bills as well as helps maintain a comfortable temperature for the home’s residents. Building envelopes can be either tight or loose. A tight envelope lets very little air leak out of the building. There are few air gaps due to specific construction and the use of sealants, caulks and air and vapor barriers. Loose building envelopes are less precise and have more areas where air and moisture can both exit or enter the home. Aside from increasing energy costs, a loose envelope increases the risk of mold and mildew buildup. Ways to prevent damage or serious energy loss from an existing building envelope is to inspect it often and watch for signs of building envelope failure – such as excess moisture in the home or higher than expected energy bills.
KEEP YOUR EYES OUT FOR THESE THINGS WHEN BUYING A HOME Buying a home is a huge investment of your money and your time. Avoid potential issues by keeping an eye out for these three warning signs during home viewings. • Foundation cracks. Small cracks in the foundation are totally normal and usually occur when a foundation settles after being poured. However, in the worst cases they can be structural hazards. When viewing a property, watch for doors that don’t close properly, vertical cracks under windows and water or snow pooling in certain areas around the home’s exterior. • Fresh paint in certain areas only. A fresh coat of paint is a completely normal – even expected – feature of a house for sale. But be wary if the fresh paint is only under windows or along the edge of the ceiling. Paint can cover up mold and mildew problems, but it certainly doesn’t fix the underlying cause. • Off-limit sections of the house. If you’re thinking of buying a home, you should be able to inspect every nook and cranny. Be wary of homes where the seller has requested you avoid certain areas – such as the basement or attic.
WHAT NOT TO DOWHEN MOVING Moving is a time-consuming, often stressful task that’s a necessary part of buying a new home. Before you can kick your feet up in your new pad, you have to organize, purge, pack and move all of your belongings, which may be a little – or may be a lot. Regardless of how many things you own, there are a few mistakes anyone planning a move should avoid. For instance, assuming that it’s only going to take you a few days to pack. Even if you don’t own a ton of things, why wait until the last minute and then have to pack everything at once? Instead, start as soon as you know your moving date by packing just a few things everyday. Start with items you don’t always use such as books or off-season clothes. Another often made mistake is just packing everything before seriously considering what you can do without. Moving is the perfect time to purge all the things you don’t use, that don’t fit and don’t work. That way, you can start fresh in your new home surrounded by only things that that are useful or that bring you joy.
METRO VANCOUVER HOME BUYERS COMPETE FOR FEWER HOME LISTINGS IN OCTOBER VANCOUVER, BC – November 2, 2021- Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,494 in October 2021, a 5.2 percent decrease from the 3,687 sales recorded in October 2020, and an 11 percent increase from the 3,149 homes sold in September 2021. Last month’s sales were 22.4 percent above the 10-year October sales average. “Home sale activity continues to outpace what’s typical for this time of year and the pool of homes available for sale is in decline. This dynamic between supply and demand is causing home prices to continue to edge up across the region,” Keith Stewart, REBGV economist said. There were 4,049 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2021. This represents a 27.3 percent decrease compared to the 5,571 homes listed in October 2020 and a 21.7 percent decrease compared to September 2021 when 5,171 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,034, a 35.3 percent decrease compared to October 2020 (12,416) and a 13 percent decrease compared to September 2021 (9,236). “Rising fixed mortgage rates should eventually help ease demand, but for now sales remain strong and buyers with rate holds will remain motivated to find a property for the rest of the year,” Stewart said.
BENCHMARK PRICE DETACHED $1,850,500 BENCHMARK PRICE APARTMENT $746,400
ACTIVE LISTINGS 8,034
SOLD LISTINGS 3,494
Source: REBGV Market values stated are of the average of Vancouver 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.
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