Mauro Zuliani's Home Trends

Mauro's monthly e-newsletter

Sudbury Inc., Brokerage Each Office Independently Owned & Operated.

“Putting Your Real Estate Needs First” Mauro Zuliani

705.561.2724 office: 705.671.2222 mauro@sudburyliving.com 1764 Regent St, Sudbury P3E 3Z8

Broker

Mauro Zuliani, Broker

More often than not, the rooms in our home have multiple functions. For instance, a home office can double as a guest bedroom or even playroom during non-work hours or a master bedroom can moonlight as a hobby room and home gym during the day. A key component to making rooms work for multiple purposes is having functional and convertible furniture. We're probably all familiar with Murphy Beds and chairs or sofas that extend into beds, but many furniture manufacturers are creating more innovative products. For instance, coffee tables that store pieces within to transform it into a small table with chairs or desk for work or studying, desks that fold into themselves and end up taking up the space of a dresser or even wall shelves that fold down into small tables are just a few of the new innovative products hitting the market. As we spend more time in our homes and think of new ways to utilize our spaces, convertible furniture is going to become more prominent and necessary so take a look at what's available on the market the next time you're looking to update a room in your home. CONVERTIBLE FURNITURE

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

CALL BEFORE YOU DIG

Below every home, apartment building or commercial space is a network of underground utilities that make everything above ground run smoothly. Before you proceed to disturb the ground in or around your home, you need to contact your local utility authority to locate any underground wires you need to be aware of. The names of the companies vary across Canada, but if you do an internet search of “call before you dig” and your province, you will find the hotline or website you need. The service should be free and take a few days to be completed, but that timeframe will obviously vary based on the number of requests submitted. Some projects you need to call before you dig include: installing posts for fences, building desks, patios, etc., planting

The underground lines will be marked with a variety of coloured flags or spray paint to show where it is and is not safe to dig. The colours represent the following: • White – proposed excavation • Pink – temporary survey markings • Red – electrical, lighting cables • Yellow – gas, oil, steam • Orange – telephone, cable, TB, signals, alarms • Blue – potable water • Green – sanitary and storm severs, culverts • Purple – reclaimed water, irrigation, slurry lines

a tree or digging a garden or even installing playground equipment.

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

BASIC FLOOD FIXES One of the downsides of spring is the possibility of having water leak into your basement, main floor, shed, garage, outbuildings, etc. If you happen to find water where it doesn’t belong this spring here's what you need to do. 1. Turn off the power (or call an electrician if it's unsafe to do so yourself.) You don't want the water to get into an electrical outlet or into an appliance that is plugged in. 2. Remove the water. Use buckets, towels, mops, a shop vacuum, etc. to remove as much of the standing water as possible. If there is less than two feet of standing water, you may be able to clean it up yourself, but it is recommended that you contact a professional to remove the water if there's more than two feet of water. 3. Remove as much from the floor as possible. All the water-logged furniture, boxes, toys, carpets, flooring, etc. should be removed to be dried (if possible). This will prevent mildew from forming. 4. Dry the flooded area with industrial fans and dehumidifiers. Again, this will prevent mildew and mould from growing which can lead to health issues. You may also want to contact your insurance company to see if any damaged items can be replaced or even the cost of the clean up covered. Once the area is dry, you can fix whatever caused the water to flood in the first place so you don't have to go through the process again the following spring.

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

THE BANK OF MOM AND DAD With house prices and interest rates as high as they are across the country, many home buyers are looking to their family (parents, aunts, grandparents, siblings, etc.) for help in obtaining a downpayment for a home. This gift is not a loan and will often be accompanied with an agreement stating the money is in fact a gift and is not expected to be repaid. The money (typically being about a 20% downpayment) goes toward the purchase of the home and helps many younger home buyers get into the market. Parents (or gift givers) can use borrowed funds as the gift - such as a line of credit - but it's not common practice. Furthermore, there shouldn't be any tax ramifications for either the lending party or the receiving party, but one should check with a tax professional prior to arranging such a gift just to confirm. There are a few rules around the funds regarding how long they need to be in the buyer's bank prior to closing and whether or not they are subject to Canada's anti-money laundering laws, but your real estate agent, mortgage broker and lending bank should be aware of those rules and help you navigate them.

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

Sudbury Real Estate Board MLS® home sales stable heading into year end.

AVG. SALE PRICE Residential $444,737

NEW LISTINGS 214

ACTIVE LISTINGS 392

SOLD LISTINGS 157

March 2024 - The number of homes sold through the MLS® System of the Sudbury Real Estate Board totaled 157 units in February 2024 increasing 18% from February 2023. The number of new listings saw a substantial gain of 30.5% from February 2023. There were 214 new residential listings in February 2024. Active residential listings numbered 392 units on the market at the end of February, a modest

decline of 1.3% (five listings) from the end of February 2023. Months of inventory numbered 2.5 at the end of February 2024.

Source: Sudbury Real Estate Board. Market values stated are of the average of Sudbury. 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.

CLICK FOR FULL REPORT

Or Call With Your Real Estate Market Questions

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

FEATURED LISTING

96 PARIS STREET - $699,500 • Plenty of CHARACTER in this high visibility property. • 9ft ceilings on the main floor with of OAK trim and HARDWOOD flooring throughout! • Take advantage of being situated on HIGH-TRAFFIC Paris Street, directly across from Tom Davies Square, municipal and federal GOVERNMENT offices. • The building is approximately 2600 square feet, plus a full basement for STORAGE. Previous tenant had a REFRIGERATION room for their flower shop. • THIRD FLOOR potential as an APARTMENT with separate entrance. • PRIME DOWNTOWN location. C4 (1) ZONING allows for a wide variety of uses including financial, medical professional offices, service shop, private club, restaurant or residential.

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

Mauro Zuliani, Broker

SOLD

136 BLACK LAKE ROAD $479,500 • Well situated, extremely clean and ready to move into family HOME. This updated modern bungalow features 3+1 BEDROOMS and TWO renovated BATHROOMS. • Main floor features an OPEN CONCEPT KITCHEN that was renovated in 2022. New cabinets, large center island & plenty of counter space. • Large center island & plenty of counter space. Walk out from the DIN ING area to a private yard backing onto undeveloped land. • Enjoy the 5 person HOT TUB and get ready to cool off this summer in the 21' above round, salt water pool. • HARDWOOD and ceramic tile flooring on the main floor into the spa cious bedrooms • Updated Furnace & Central AC (2014), re shingled in 2013 Lower level offers a finished L REC ROOM with a work out area and FOURTH BEDROOM

705.561.2724 • mauro@sudburyliving.com • www.sudburyliving.com

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