Showing posts with label MONTHLY ITEM OF VALUE. Show all posts
Showing posts with label MONTHLY ITEM OF VALUE. Show all posts

Saturday, February 1, 2014

3 QUESTIONS TO ASK BEFORE YOUR NEXT KITCHEN REMODEL



Thinking of a Kitchen Reno? 

The kitchen is one of the most popular rooms of the house to remodel.
Whether updating your kitchen with a fresh coat of pain or a complete overhaul or simply adding more storage, here are 3 questions to ask before you get started:

1) What does my dream kitchen look like?

  • Make a list of everything you want in your ideal kitchen, including floors, countertops, appliances, fixtures, backsplash, etc. Review interior design magazines, look online for inspiration and ideas.
2) How much of my dream kitchen can I afford?
  • A basic kitchen upgrade - The kitchen footprint stays intact, but the space gets a basic, Do It Yourself cosmetic makeover. Things such as new budget-friendly appliances, fresh coat of paint, new cupboard hardware, and light fixtures Eg/ cost $5000- to $15,000
  • A midsized renovation - A step above the basic upgrade that may include new flooring, new cabinets, new countertops, fresh coat of paint, light fixtures and appliances  Eg/ cost $15,000 to $35,000
  • A major remodel - A major overhaul that involves changing the current footprint of the room. For example, tearing down walls, or relocating appliances. Everything in the space is new, from cabinets and appliances to hardware and fixtures. Eg/ cost $35,000 to $75,000
A minor kitchen remodel has a cost-value ratio of 75.4%
A major kitchen remodel has a cost-value ration of 68.9%

3) Do you have to hire a professional?
  • Most homeowners can do minor improvements themselves, it's best to leave the bigger jobs to a professional.
Source:  Houzz, "How much does a kitchen makeover cost?"
              Remodeling Magazine: 2013 Cost vs Value Report

You may want to check out these Additional Resources online:
http://www.hgtv.com/kitchen-design-guide/package/index.html


Friday, January 24, 2014

HAVE YOU THOUGHT ABOUT SELLING YOUR HOME OR BUYING A NEW HOME?



What are you waiting for? If you've been on the fence about buying a home or selling your current one, The Canadian housing market is stable.  Interest rates have slowly been creeping up, they're still below historical levels. And home values are increasing, they're still considered affordable.
So, why wait?
Here are the top reasons why now is a great time to buy or sell:

3 Reasons to Buy:
  • Low Interest Rates
  • Homes are still affordable
  • Reap the benefits of home ownership
3 Reasons to Sell
  • Your home is a valuable asset
  • The market is balanced
  • Your family or life situation has changed
If you're looking to buy or sell a home, or you want the scoop on the local housing market, give me a call.                                

                       Jennifer Foley, Sales Rep, Remax Rouge River Realty Ltd, Brokerage
                                    905 619 2100        905 404 007      905 668 1800       905 931 5115      416 285 3993      800 663 7119       


Sources: BMO Financial Group, Psychology of House Hunting Report,
               Canadian Home Builders Association
               RBC Housing Trends and Affordability
               RBC Economics
               Royal Lepage House Price Survey


Re/Max Rouge River Realty Ltd, Brokerage