Pat Lanuke's Home Trends
Pat's monthly e-newsletter
BAMBER REALTY LTD.
Pat Lanuke c: 403.510.7041 Associate Broker/ Real Estate Associate
Pat.email@example.com www.patlanuke.c21.ca 1612 17 AVE SW Calgary, AB T2T 0E3
WHERE TO SPEND AND WHERE TO SAVE
There are numerous home renovations you can do before listing, but not all will give you the return on your investment that you want. The following are a few examples of where to spend your money and where to hold back. • Painting is a great idea if you use neutral colours that will go well with any decor scheme a buyer will choose. Adding a lime green focal wall in the bedroom might hinder the chances of someone instantly falling in love with your home. • Updating the kitchen can result in an 80% ROI. However, a whole kitchen makeover isn’t necessary. Simply replacing cabinet doors and countertops can go a long way to modernizing the kitchen without breaking the bank. • Bathroom upgrades are common but again don’t need to be too invasive to be effective. Replace older toilets for water-saving models, upgrade lighting fixtures and replace cracked or worn mirrors. Leave the installation of a bidet or high tech shower to the new buyer. Scour the internet or give me a call for more information on what other home improvements can give you the biggest return on your investment.
THE WONDER THAT IS A ZELLIGE TILE You may have heard of Zellige Tiles when researching home décor trends recently. They are quite popular in kitchens, bathrooms, entryways even laundry rooms in homes throughout the country. The glazed, terracotta tiles are from Morocco and are not the smooth, perfectly square tiles often used in home décor. Because they are kiln-fired and made by hand, they are all unique in shape, colour and texture which makes them a popular design choice for those looking for something a little different. Another way they differ from traditional tile is they are typically installed right next to one another with little to no space between tiles for grout. It’s best to keep these tiles on walls and counters as opposed to the floor as the uneven surface will be uncomfortable on the feet and shoes can damage the tiles. It's not impossible to use them on the floor, just be aware high traffic areas and Zellige Tile don’t go together nicely. When installing them, it’s best to get an expert with experience working with Zellige Tiles to do the work for you. They do require special care and the average DIYer may find themselves in over their heads with this particular installation. Once installed, they are relatively easy to maintain and should last years with proper care and maintenance.
TAXES AND SCAMMERS Almost every Canadian that has ever filed taxes knows that April 30 is the deadline to not only file your taxes, but also pay any amounts owing. But did you know that as of February 19, 2024 you can start filing your 2023 tax returns online or via paper? If you or your partner is self employed, you have a bit of extra time and can file up until June 15, 2024 (technically you have until the 17th because the 15th is a Saturday) but payments are still due on April 30, 2024 if you want to avoid interest charges. Unfortunately, with everyone thinking of taxes during this time frame, scammers are prone to contact Canadians in hopes someone will fall prey to their techniques. Be extra vigilant when interacting with communications from the various branches of Government including Service Canada, the Canada Revenue Agency, etc. Scammers can reach out by phone, text, mail or email and can be very convincing. If you're contacted by someone sending you a link to click, demanding immediate payment, asking for personal or financial information and you’re unsure if it’s legitimate, check it out directly with the CRA. You can learn what to expect when the CRA contacts you here: https://www.canada.ca/en/revenue-agency/corporate/security/protect-yourself against-fraud/expect-cra-contacts.html. Plus, there is a very informative section on the Canada Revenue Agency website where you can learn about common scams, how to protect yourself or even sign up for CRA scam alerts. Go to https://www.canada.ca/en/ revenue-agency/campaigns/fraud-scams.html for more information.
REFRESH YOUR LIVING ROOM Refreshing the look and feel of your living room can be pretty simple and a great project to tackle one snowy weekend. Here are a few design ideas to bring new life to one of the most popular rooms in your home. • Incorporate texture. From soft blankets and pillows to fuzzy area rugs, adding a mix of texture to the room will add personality. Texture can also come in the form of accents like lamps, vases and wooden side tables. • Enhance natural light. Do so by keeping the ceiling white, the floors light and using light coloured fabrics for curtains. • Rearrange the furniture. Use what you have or incorporate new pieces to change the orientation, layout or functionality of the room. • Create a focal point. This is probably the most universal design tip and goes for every room. Too many things to look at can be overwhelming. Instead, create a single focal point (accent wall, statement piece of furniture, artwork, etc.) to draw attention. • Use colour. Add colour to a rather neutral room in the form of lamp shades, artwork, accents or even the furniture itself.
January sees strong sales fueled by boost in new listings
BENCHMARK PRICE Single Family Dwelling $702,200
BENCHMARK PRICE Rowhouse $426,400
ACTIVE LISTINGS 2,150
SOLD LISTINGS 1,650
Calgary, February 1, 2024 - January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totaling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000 The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49 per cent below the long-term average for the month "Supply challenges have been a persistent problem since last year. This month's gain in new listings has helped provide options to potential purchasers, supporting sales growth. However, the growth in sales prevented any significant adjustments in supply, keeping conditions tight and supporting further price growth," stated Ann-Marie Lurie, Chief Economist at CREB®. The months of supply in January was 1.3 months, falling over last month's and last year's levels. The unadjusted benchmark price in January reached $572,300, a gain over last month and ten per cent higher than levels reported last January. Source: Calgary Real Estate Board | Market values stated are of the benchmark of Calgary 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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