Basic Tips To Help You Have A Perfect Lawn

So many homeowners want to have a truly perfect lawn but do not actually know how to do this. Taking care of the lawn is something that is not as easy as you might think. It needs a lot of work. You need to be sure that you do all that is needed in order for the lawn to be perfect. This requires a lot of knowledge. The tips below, offered by Fix It Right Plumbing, will help you do exactly that.

Preventing Weeds From Showing Up

You have to stop the weeds from gaining roothold inside the lawn way before they start to germinate. This is pretty easy to do when you use a suitable herbicide. You want to buy a pre-emergent one that will control dreaded crabgrass, all while eliminating some specific weeds that are damaging for lawns. The idea of these herbicides is that they stop seeds from sprouting. Just be sure that you follow the package instructions in regards to protective equipment, safety precautions, application procedures and proper clothing.

Remove Broadleaf Weeds As Soon As They Sprout

When broadleaf weeds appear they are instantly obvious. They are bright yellow, like dandelions, have white-flowering clover and a big-leaf plantain. You want to treat this by applying granular weed control. When just some offenders are seen, as is often the case with most lawns at the beginning of the infestation, hand removal is possible.

As a helpful tip, wait until heavy morning dew appears if you want to apply the granular weed products. Granules require moisture in order to properly stick to the weed leaves. Dewy mornings give you exactly that.

Frequent High Mowing

When you mow the lawn short it all seems like a wonderful time saver. The problem is that this practice can actually damage the grass. Weeds also end up rooting faster. You want to keep the law just a little bit taller. This makes the grass healthier. Generally, the idea is to never cut off anything more than one-third of grass blade.

Sharp Mower Blades Are Mandatory

When the lawn mower has dull blades, grass will be torn. This results in ragged edge in the blade, which makes overall lawn appear grayish brown. You want to replace or at least sharpen lawn mower blades if wear signs appear. As an alternative, do this once if mowing season starts.

Lawn size and mowing frequency always dictate if you should replace or sharpen blades more often. You want to look at grass blade right after you mow. When it is frayed or shredded, you want to sharpen up the blades.

Water During Mornings

No matter what you might think, the very best time to water the lawn is always during the morning, early during the morning. This is because sun helps dry grass. If you water during the night or when it is dark, prolonged blade moisture appears. This can easily lead to lawn diseases. Water less but for a longer period of time. This is always better.

5 Reasons Why Organizing Your Basement Renovation in Advance Matters

You’d like to do something with the basement other than use it for storage. Before you think about starting a basement renovation in Markham, it pays to work with a contractor to come up with a specific plan of action. This approach will make it a lot easier to achieve the desired result. Here are five other reasons why developing and following a step-by-step plan is a good idea.

Further Defining How You Want to Renovate the Space
Choosing to identify the steps for basement remodelling and arranging them in the proper sequence helps you to get into the details of how you want to renovate the space. While you do know that it will become a spare bedroom, have you thought about little things like where to place the bathroom or how many outlets you want along each wall? By getting more precise with the steps related to the wiring and the plumbing, you can plan more effectively.

You Avoid Having to Repeat Steps

Establishing a specific sequence for each of those steps for basement remodelling means following a logical progression of events. That progression means that you don’t end up having to undo something that was already done, then go back and do it a second time. This is important, since repeating steps because they were out of sequence will only add to the overall cost of the basement renovation in Markham.

It’s Easier to Schedule Deliveries of Essential Materials

The basement renovation in Markham will require purchasing quite a bit of supplies and materials. Unfortunately, there is not room to store everything until it’s needed. A better approach is to set up a series of deliveries that occur just before you will need certain materials.

Your steps for basement remodelling help to define that delivery schedule. Instead of having to work around things that won’t be needed for another week or so, it’s easy enough to make sure each delivery arrives a day or two before the supplies are needed. If something slows down the project, you can always call ahead and delay the next delivery by a day or two.

Measuring Progress is Also Simpler

Those precise steps for basement remodelling also make it easier for you to track the progress. Without them, you can see that some things are done but may not be sure other tasks are fully completed. With a series of steps, it’s easy enough to check each one off as it’s finished. The result is that you always know how much of the basement renovation in Markham is done and how much work remains.

The Project Will Be Finished Sooner Rather Than Later

A defined series of steps for basement remodelling make it all the easier to start, complete, and move on to the next task without wasting any time. Thanks to the level of organization you bring to the project, it’s all the easier to keep everything on track and get the basement renovation in Markham finished on schedule. Since time is money, you do want to make sure everything is finished by the projected completion date.

Start work on the planning for the renovation today. Work with a contractor to identify each of the essential steps and how to arrange them in a logical sequence. Remember that each step may be further defined by arranging a series of sub-steps under each primary step. This type of advance work will provide benefits from the very first day and continue all the way to the completion of the basement renovation.

Penguin Basements Renovations (Basement Contractors)
906 Magnetic Dr
North York
ON
M3J 2C4
Canada
416-633-7180

5 Easy Tips That Will Help You Rent the Right Temporary Office Space

There are all sorts of reasons to look around for temporary office space for rent. Maybe your permanent office is being renovated or you are visiting a new city in hopes of establishing a base of operations there. Whatever the reason, it pays to look around and secure the right type of office space. Here are five simple steps that will help with the process.

Choose the Location Wisely

Location matters when you start looking into different AgileOffices rental options. The location should be practical in terms of what you hope to accomplish while you are in the space. That means some areas of town will be a better fit than others.

Maybe you need temporary space while your permanent office is being renovated or some type of repair to the wiring or plumbing is made. Think about finding a location that your employees can get to with relative ease. Next to making sure there’s enough space for everyone to work, ensuring they can find the place is important.

If you are coming to the city in hopes of winning new customers, temporary office space that happens to be near your prospective customers is always a good idea. For example, if you are focusing on clients who happen to be non-profit agencies, find space that’s in or near the part of town where most of them have a presence. It saves time getting to them and certainly makes it more convenient for them to come to your office if they like.

Determine How Much Space You Need

How much space do you need? You can arrange for office space for rent that encompasses an entire floor or involves only a couple of cubicles. Base the estimate for space on the number of people who will work out of the rented office and whether or not clients will be dropping by. You can bet there will be something among the different AgileOffices rental options that happens to be just right.

Confirm the Amenities and Features That You Are At Your Disposal

Most AgileOffices rental options include features and amenities designed to make your visit more comfortable and functional. Find out what is available in the way of temporary phone service, Internet access, front desk support, and even being able to use a shared break room. While you may not use all the amenities and features offered with the temporary office space for rent, it’s nice to know they are there.

Choose Something With Nearby Parking or Easy Access to Public Transport

Whether it’s just you or if there are several people sharing the temporary office space for rent, make sure there’s plenty of parking nearby. The last thing you need is team members having to walk several blocks just to get from their cars to their rented work cubicles. It also helps to have access to public transport nearby. When it’s easy to take transport that lets people out on the block as the building where they work, it’s tempting to leave the car at home and let someone else take care of the driving. You’ll find many AgileOffices rental options that do have parking adjacent to the building or at least have public transport stops close by.

Ask Questions About Security

Always ask what the office space for rent has to offer in the way of security. Do the doors lock using traditional keys or possibly coded key cards? Perhaps they require entering access codes that are issued to each tenant. Remember to ask about security cameras and the presence of security guards. If you are happy with the security measures as well as the other features, that building may be perfect for you.

Could you use temporary office space for a day, a week, or a month? If so, check into the AgileOffices rental options that are available for the time you need temporary space. There’s sure to be something that will have all everything you want.

Agile Virtual Offices – Office Rental, Executive Office Spaces Lease
CF Toronto Eaton Centre, Suite 2201 250 Yonge St
Toronto
ONM5B 2L7
Canada
+1 855-924-4539

Things You Need To Know Before Opting For A Home Equity Loan

As home prices continue to skyrocket, home equity loan is becoming a more accessible, more attractive, and genuine source of cash for millions of people. How does a home equity loan work? This should be the first question you should ask when opting for a home loan.

What Is Home Equity?

Home equity is a homeowner’s interest in a property. It can increase over time if the house value increases or the mortgage loan balance is ultimately paid. You’re considered to own your property, but if you were funded to buy it, your lender also has an interest in it until you meet the terms of the loan.

Getting funds against home equity can be a convenient way to access cash, but it also associated with risk, as millions of people living in American learned in the housing crisis of 2008. If you want to opt for home equity, it is ideal you ask yourself how does a home equity loan work? Here’s what you need to know.

  • It’s Getting Easier To Qualify

Since cracking down on credit after the housing bust, lenders are starting to loosen up once again. However, you will need to prove you’ve got the credit score and income to pay off the loan. Lenders want borrowers with a credit score of 700 at least and whose total debt amounts is less than 43 percent. The total HELOC and your mortgage balance can’t amount to more than 80 percent of your property’s value, although some lenders are letting consumers borrow 85 percent or more.

  • The Tax Rules Have Changed

Under the new tax law, the home equity interest is tax-deductible if you’re using the funds for home renovations on the property tied to the loan. The total amount of home equity debt plus your mortgage that qualifies for the deduction can’t exceed $750,000.

It makes sense to consider using HELOC for other purposes, such as college tuition or debt consolidation, but there’s no longer a tax benefit to doing so.

  • You’ll Need To Shop Around

Get a quote from your lender, as well as from at least three others, including a local credit union and an online bank. Use these quotes to negotiate to make sure that you’re getting the best deal. If you’re able to answer the question how does a home equity loan work?  It can help you to find reasonably wide variances in price, accessibility, interest rates, and terms from place to place across town.

Since more HELOCs are variable rate loans, you’ll need to know the current interest rate as well as the lifetime cap and the maximum possible rate you’ll pay if interest rates go up the hill.

 

 

  • There Are Real Risks Involved

On the off chance that you’re unable to make payments, your lender can foreclose. If you have a variable rate loan, your monthly payment amount will increase along with interest rates. Minimize the effect of the rate increase on your budget by paying off principal on time.

Furthermore, while home prices keep rising in recent years, there’s no guarantee they will continue to increase. If the housing market stalls and the value of your home declines, you could end up having a balance that exceeds the current market value of the loan. The more equity you keep in your property, the more secure you’re against market fluctuations.

 

3 Tips to Increase Your Home Value for Reselling

Whether you are a new homeowner or a seasoned vet, increasing your home’s value is a no brainer. There are several improvements you can make that will attract buyers like honey when it comes time to sell your current property. Check out these quick tips for increasing your home’s value and come up with a plan for renovations that include some items from the list. Start with a plan for the home value you want to achieve. Then meet with a professional home inspector to determine the value of your home as it stands. Finally, consider the cost of these upgrades and whether or not they will bring significant value to your home.

  1. Heated Floors

Heated floors are by far one of the best upgrades you can give your home regarding finding a buyer for it later. Buyers love to hear a home has heated floors because that means the home is a comfortable space to enjoy. Heated floors add more value to homes that are located in harsh winter environments. If one of the reasons you’re considering selling your home is because you hate winter, consider this upgrade for yourself. It might just make you fall in love with your house all over again.

  1. Home Elevator

For the aging baby boomer populace, living in comfort often means limiting themselves to a single-story home. That’s not always feasible, which is why the home lift business is booming. Home lifts are not the clunky elevators from the 80s that you’re picturing. Most modern residential elevators are custom designed and modular so that they can be moved. Pneumatic lifts like the elevators featured in The Jetsons are now a reality, too. They’re a bit more expensive than the traditional lift, but their quiet operation and ease of use makes them a very attractive option for homeowners. Home elevators add value to a home by making the upper floors of the home easier to access. A home lift makes moving furniture and accessing the upper floors a breeze. Baby boomers who refuse to live in multi-story homes because of those awful chairlifts will want to speak with a lift professional today.

  1. Upgrade Your Kitchen

If you have to choose just one house in your home to remodel to increase its value, choose the kitchen. The kitchen is an integral part of any home that sees use day after day. Prospective buyers will appreciate a modern, updated kitchen with new appliances. The cost for updating your kitchen might be minimal depending on how old your home is. Consult with a professional designer or contractor to determine your options.

As you can see, there are many additions you can make to your house to make it more valuable. These upgrades may even make you want to keep your home once they’re finished, if you were considering selling in the first place. While kitchen improvements are a sure-fire way to add value to any home, you can also consider looking at upgrading the bathroom, too, depending on your budget.

Do Condos Provide a Good Return on Investment?

When it comes to real estate investing, most people think of single-family homes or apartment buildings. But condos, with their low purchase prices, make real estate more accessible to first-time investors.

Some people start investing in condos and never stop.

The question is: do they provide a good return, or are you better off going with a different type of property?

Location is Everything

Location is everything in real estate, but if you’re investing in condos, it’s even more important. Condos perform better in some locations than others.

For example, an oceanfront condo in Myrtle Beach will likely have a steady stream of renters, and its desirable coastal location may help the value appreciate quicker than the average condo. In some cities, condos are the only properties that provide oceanfront views and out-the-door beach access. These same principles also apply to major metro areas, like New York City, Los Angeles and Chicago.

With that said, condos in major cities will naturally come with a higher price tag and may not be as easily accessible for beginner or even more experienced investors.

Consider All of the Fees Involved

When you invest in a single-family home, you have to consider property taxes, utilities and maintenance costs.

With condos, you also have to consider HOA fees. Yes, there are also many homes that come with HOA fees, but generally speaking, condos have higher fees. And these fees can increase over time. It’s not uncommon for HOA fees to be $300-$400 per month.

There is an upside to paying HOA fees. You no longer have to worry about maintaining the lawn, exterior of the building and the roof. If the community offers amenities, like a pool and gym, these can be major selling points for some tenants.

Some communities prohibit owners from renting their units, so you’ll need to go over the bylaws with a fine-tooth comb.

HOA fees may not be a problem if you can find a small community in which all of the buildings are for sale. If you were to purchase all of the units, you would become the HOA. But you’d also be responsible for maintaining the exterior, lawn and everything else that a conventional HOA would take care of.

Choosing the Right Unit

Some condo investments may be better than single-family investments. It all depends on the market, the location and the building. Certain units within a building are more desirable and will rent more quickly than others. These units will likely sell for a higher price than other units, too.

These are generally condos that are on higher floors, have better views and/or have a better layout.

Condos are often more liquid than single-family homes. Because of their lower price points, they tend to sell quicker, and there are usually plenty of buyers to go around. In many cases, these types of sales can close more quickly than with single-family homes.

It’s difficult to say whether condos provide a good return on investment. It ultimately depends on your investment goals, the individual unit in question and the location. At the right price and in the right location, a condo can provide a better return than a single-family home.

 

 

Investing in Canada’s Real Estate Market Just Got Risky

Canada’s real estate market was going strong, providing substantial returns on investment for investors until the market started to take a downturn. We’re seeing a lot of areas experiencing major declines in home prices, and Vancouver’s home sales have fallen their largest percentage since the Great Recession.

Home sales in the region fell 42.5% in November, and a major issue is that 1.2 homes are being built for every new resident.

Just 1,608 homes were sold in the metro area last month, and this accounts for the lowest sales for the month since 2008.

Toronto is also facing a decline in housing sales, which have fallen for the eighth straight month. New listings are down 26%, but home prices are remaining steady. This is giving investors some hope that they will not lose out on their investment.

Toronto’s sales and prices have started to stabilize after a major drop earlier in the year, and some investors suggest that the decline in sales is due to a lack of new listings.

Should Investors Pursue Canada’s Real Estate Market?

Sales in Toronto are down 15% compared to the same period a year prior, and home prices are rising at a slower pace of 3.5%. There’s still money to be made in the market, but investors are opting to invest in other markets, primarily in the United States, where prices have remained strong in some regions.

Iowa’s market, for example, is expected to remain rather strong, with appreciation rates of 7.7% in some cities, including Mason City and Pottawattamie county. But new home sales in the U.S. fell to a 2-½ year low in October, so investors will want to remain cautious in the U.S. as well.

REITS are also an attractive option due to the market slowing in the U.S. in some regions, as inventory issues start to subside.

The top Canadian REITs include:

  • RioCan
  • H&R REIT
  • SmartCentres
  • Canadian Apartment Properties REIT

REITs offer a safer investment than purchasing real estate because they include portfolios, and this means that they have rent and income that is derived despite the market’s current sales lull.

RioCan, for example, is an investment trust that has 289 retail properties and leasable space of 44 million square feet. Enterprise value for the REIT’s portfolio is $14 billion, and the dividend for the company is 5.9%.

REITs may provide less of a return on investment than purchasing, remodeling and reselling properties, but the massive portfolio size and lease space make them less risky when the market drops.

Investors will want to remain cautious when investing in Canada’s real estate market due to the current sales drop in many regions.

While prices have remained relatively stable, if inventory levels continue to grow, we may see a lot more competition in the market, pushing prices down. With sales slumps occurring, it may be better to wait for economic indicators that the market is on a path of sales recovery before diving into a market where the sales have been steadily declining in recent months.

Norma Walton, 8 Reasons That Receivership Sales are Always at a Discount

Unfortunately I am something of an expert on receivership sales.  Back in 2013, my ex-partner petitioned our real estate portfolio into receivership without notice to our lenders. As a result, almost every property was sold via receivership or power of sale for a significant discount off the fair market value, all in a rising real estate market.  During that process, I became painfully aware of the eight reasons that Receivership sales are always at a discount.

Reason # 1:  Negative Publicity

Placing a property under receivership requires a court order.  Court proceedings are public.  As a result, there is publicity surrounding receivership sales.  When someone hears that a property went into receivership, the perception is usually that there must be something wrong with the property.  Generally receivership sales are ordered when there is controversy and contention between warring factions, be they partners, a lender and borrower, or family members.  This perceived stigma detrimentally impacts the property.  Negative publicity will reduce a property’s value.

Reason # 2:  The Process

In a private sale transaction, typically one buyer negotiates with one seller to purchase a property.  Receivers don’t have that option; they must run a sales process.  This usually means offering the property to market for a specified period of time with specific advertisements in specific publications, a real estate listing, and an offering to customers of the Receiver’s firm.  Receivers generally want to review all offers at the same time.  This tender process is a disincentive to a lot of potential purchasers.  Potential purchasers prefer to deal one on one with the seller of the property.  Most purchasers don’t want to be put in a competing arena with other purchasers.  Hence the process that Receivers need to run turns away many potential purchasers.

Reason # 3:  Uncertainty

Obtaining approval for a Receivership sale requires a Judge’s approval.  The Judge has a number of competing interests to address and if one of the parties objects to the sale, that objection often delays or stops the sale from being approved.  As a result, there is very little certainty in putting in an offer for a property being sold via receivership.  Until the sale has closed, the sale may be cancelled at any time.  This lack of ability to plan causes many purchasers to not bother offering in the first place.  The end result is so dependent on forces beyond the purchaser’s control that it discourages some purchasers from buying.

Reason # 4:  Higher Deposit Requirements

Receivers want certainty even though they cannot offer the purchasers certainty.  As a result, they usually require at least 10% of the proposed purchase price to be tendered with the offer to purchase during the tender process.  Generally the deposit cheque must be certified.  Hence a purchaser, before knowing if his or her offer is even going to be accepted, has to go to the bank and obtain certified funds for 10% of the proposed purchase price just to offer.  This is a major disincentive for many buyers and thus reduces the pool of potential buyers.

Reason # 5:  Complex Purchase Agreements

The standard TREB or OREA form is fairly straight forward.  Once you have dealt with it a few times, it is user friendly.  Not so with receivership forms.  Offers to purchase through receivership are typically at least four times as long as the OREA form.  They are full of legal language explaining all of the ways the Receiver can exit the deal and everything that must occur before closing.  A prospective purchaser usually requires legal advice just to understand the agreement before he or she can sign.  The need to seek legal advice before offering is a disincentive and reduces the pool of potential purchasers.

Reason # 6:  No Warranties or Representations

A Receiver cannot give warranties or representations.  As a result, a purchaser of a property under receivership takes the property “as is, where is”.  That means the purchaser must be comfortable with more risk than in a normal private real estate transaction.  A Receiver cannot represent the rents being collected on a commercial property, for example, nor can he or she warrant the status of the building systems in any capacity.  They guarantee nothing!  That reduces prices because purchasers must shoulder more risk than in a private sale transaction where there are almost always representations and warranties.

Reason # 7:  Lack of Specific Property Knowledge

The Receiver did not purchase the property.  They generally have not run it very long if at all.  They are not real estate experts.  They generally don’t understand the strategic buyers of a property or its highest and best use.  Their expertise is in accounting.  As a result, the property is generally not marketed as effectively as it would have been if a private owner sold it.  The person who bought it can usually market it better than a Receiver.  This lack of expertise reduces property value.

Reason # 8:  Firm Offers are Preferred

Receivers have to go to Court to recommend that a Judge accept a purchase agreement.  This takes a lot of coordination, effort and paperwork.  As a result, they ideally want to present firm offers.  Otherwise the purchaser could exit the deal after all that time and money is spent to secure approval.  Receivers generally won’t accept anything other than firm offers from purchasers.  This puts purchasers in a position to have to waive all conditions even though they may not have a good sense of the property and its perils.  Having to provide a firm offer instead of a conditional one always discounts prices.

 

Our real estate portfolio was sold at 70 cents on the dollar in a rising real estate market.  Watching that process made me acutely aware that it is a legal fiction that fair market value is ever achieved through a Receivership sale.  The eight reasons listed above guarantee that Receivership sales will always trade at a discount.

6 Ways to Pay for Unexpected Home Repairs

Emergency home repairs always pop up at the most inconvenient times – and almost always when you’re already in a financial bind. Coming up with the cash to pay for these repairs can feel daunting, but there are ways to cover to cost of these unexpected repairs. Here’s how:

1. Government Loan Programs

The government offers loans to assist with home repairs. The Limited 203(k) and FHA 203(k) allow borrowers to refinance or purchase property with additional funds for repairs and upgrades.

The Title I Property Improvement Loan program, which is offered by the Department of Housing and Urban Development, can also help with repairs. These loans are FHA-insured and issued by lenders. They’re a great option for homeowners that have little equity in their homes. Loan funds can be used for major repairs or even appliances and other items that will make the home “more livable and useful.”

The U.S. Department of Agriculture also offers a program that can assist with home repairs. The USDA Section 504 Home Repair program assists homeowners with very low incomes in rural areas improve, repair and modernize their homes. Grants are available to homeowners aged 62 and older.

2. Homeowners Insurance Claim

Some homeowner insurance policies also include repair emergencies. Check your policy to see if your insurer offers this coverage.

If your home’s roof, for example, is damaged by a recent storm, the cost to repair or replace it may be partially or completely covered.

3. Use Service Coupons and Financing

If you don’t qualify for a loan or grant program, shop around local service providers to see if any offer coupons or financing. If it’s a major repair, you can often find local companies that offer to finance the work through a third-party lender.

Most providers will have coupons that help reduce the cost of repairs and services. A discount may be all that you need to make the service more affordable.

4. HELOC

A home equity line of credit (HELOC) used to be one of the most popular ways homeowners covered the cost of home repairs. These lines of credit allow you to tap into your home’s equity to cover major repairs. Just keep in mind that the loan is backed by your home, so make sure that you can afford to take out this line of credit.

5. Disaster Relief

If the repair is disaster-related, you may be able to get assistance from relief organizations like the Federal Emergency Management Agency (FEMA) or the Red Cross. FEMA will often cover the cost of emergency repairs that homeowner’s insurance policies won’t cover.

These funds are only given for major repairs to restore safe and sanitary conditions.

6. Credit Card

A credit card may be the first thing you consider using when you need to cover emergency repairs. While credit can certainly help get you out of a bind, it should be considered as a last resort. Your available credit may not be enough to get the job done, and a high interest rate can have you paying off the repair for the next decade – or two.

3 Things to Look at When You’re House Hunting

House hunting can be an exciting experience, but it’s also one of the most stressful things you’ll do. After all, buying a property isn’t something you do every other week – it’s a huge investment and something you’ll have to live with for years to come. If you’re concerned that you don’t know enough about the real-estate market to make an informed decision going forward, you’ve come to the right place. Here we’re going to look at a few of the things you need to look at when you’re house hunting, so you don’t get stuck on the superficial details like the color of the paint, or the furniture in your living room.

Location

Location is probably the most important thing you can examine when it comes to making real estate choices. After all, while you can change the way your home is decorated, and you can add extra rooms if necessary, you can’t just pick your house up and move it to another part of Canada if you get tired of the view. Knowing exactly where you want to live in advance will help you to narrow down your choices a lot faster, as you’ll be able to browse listings of Toronto condos by neighborhoods, rather than just visiting every home in your price range. Remember to think about how close your new home will be to work, and any other amenities you need, like a school for the kids!

Size and Floorplan

Finding the ideal home can sometimes feel like a bit of a balancing act. You need to find a property that fits with your budget, but you also need something that’s big enough both for your current family, and the family you plan on having in the future. Think as practically as you can about things like size and space. For instance, you probably don’t need two bathrooms if you live alone. However, you can’t get by with two bedrooms if you have four kids. At the same time, don’t get carried away with the dream of having a bigger home. While a larger space does give you more room to play with, you will have to pay more for things like electricity, heating, and of course, your overall mortgage expenses.

Resale Value

Finally, even if you adore your new home and you’re planning on staying in it for as long as possible, there’s a good chance that you will want to sell it someday. With that in mind, it’s important to ensure that your property has plenty of resale value. Consider looking into the amenities being built in the local area that might add additional value to your property. Alternatively, you can also think about asking your real estate agent for insights into what kind of prices other homes have sold for in the area. Remember, buyers often look for plenty of light and plenty of storage when they buy a new home. With that in mind, it’s a good idea to look for as much of these two things as possible when you’re buying your new property. This should increase your chances of a quick sale later on.