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Purchasing a Home: Consider the Electric
Posted on Mon, 15 Jan 2018, 02:45:00 PM  in Home buying tips,  Home selling tips
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When you're researching, visiting and examining possible houses to purchase, you'll have a number of factors to explore. While you may feel tempted to primarily focus on aesthetic elements during these inquiries, don't forget about the importance of what's below the surface. Keeping some considerations in mind when it comes to the electric can help to keep you and your loved ones safe.

 

Inspection

Purchasing a Home: Consider the ElectricAn inspection on a home is imperative, and you'll want to ask about the current condition of the electric. If any question exists about its safety, then you should look into resolving those issues. In fact, consider pursuing this option before you commit to purchasing the home. You might decide to buy the home only if the current owner addresses the safety issues.

 

Insurance

Buying home insurance is a vital part of home ownership. When certain safety issues or code violations with the electric are present, you may find that procuring proper insurance is difficult or impossible. Researching insurance options and electric upgrades can help you to resolve this problem.

 

Old Wiring

While old wiring in and of itself might not pose a threat, the fact that it has likely worn down over the years can. Before buying a house with old wiring, you may want to consider having the entire home rewired.

 

Circuit Box

The circuit breakers in the home help to protect against fires in the electrical system from occurring. You might think that you have this level of protection simply because a circuit box exists. However, due to age and wear, some of the breakers may not function properly anymore. Upgrading the circuit box is another way to keep your home safe.

 

Few Outlets

Consider how much technology has grown in just the last decade or so. People are certainly plugging in more devices that they did in the past. As a result, you want to make sure that the house has enough outlets for your needs and to meet with current codes. You might think that grabbing some extra extension cords from the store will help with this issue. However, extension cords can pose some dangers.

 

Ceiling Lights

Instead of having to plug lamps in all over the house, you may want to have ceiling lights. Check to see how many ceiling lights are present in the home. If there are not enough for your desired use, you can look into the cost of having them installed before you purchase the home. You will also want to make sure that the house can support these lights.

 

Abilities

You also want to make certain that the house can supply the necessary energy for all of your appliances. For example, you don't want the lights all over the house to dim every time that you turn the washing machine on, and you don't want to constantly trip the breakers.

 

Qualified Electrician

When it comes to the electric, you might be tempted to make some of the repairs yourself in order to save money. However, doing so could mean that you employ methods that are actually dangerous for the house. In fact, you could seriously injure or kill yourself while working with the electric. Instead of taking this precarious approach, make sure that you call a qualified electrician to perform the work for you.

Safety is a major priority in your new home, and the electric has a major connection to that element. Knowing what you're getting into and resolving any issues that you can now are wise decisions to provide you with greater peace of mind when you move in.


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Where is the Best Place to Get a Home Loan?
Posted on Sun, 31 Dec 2017, 03:00:00 PM  in Home buying tips
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If you are looking for a loan to buy a home with, you have plenty of options. One of the best ones would also likely be the most obvious. You can go directly to the bank that you do the rest of your financial business with. If your credit is in good shape, it is likely to be so positive precisely because of the many transactions with your bank that have helped to raise it. So it shouldn't be much of a problem at all to get a good sized loan from your local bank that will help you to buy the home you currently have your heart set on. It all comes down to your current state of credit.

 

If Your Credit Isn't So Good, Can You Still Get a Home Loan?

Where is the Best Place to Get a Home Loan?Of course, not everyone's credit is bound to be stellar. Your score may actually have declined during your years of dealing with your bank due to overdrafts or defaulting on other types of payments. You may also have recently lost your job or are between periods of employment. Whatever the reason may be, if your credit is average or poor you may be unable to convince your bank to give you a loan that will enable you to buy your home. However, there are other ways that you can go about getting this loan.

 

You May Be Able to Get a Loan from Your Insurance Company

If your credit is good and you have adequate proof of income and employment, you may be able to get a home loan from your insurance company. This will be all the more likely to happen if the company you are seeking the loan from is the one you are also using to insure other types of property, such as your car. If your credit and other qualifications check out, you can usually take on a new home loan that will simply become another charge from the same company you are already signing checks to on a monthly basis. However, if your credit is not good, this may not be a viable option.

 

If Other Avenues are Exhausted, You Can Try a Private Lender

If all of the other possible avenues for getting a loan have been tried and exhausted, there is another option that you are free to explore. You can attempt to get a loan for your home from a private lender. This is an option that you need to think very carefully about before pursuing as there may be a number of conditions that could come back to haunt you at a later date. While most private lenders are reputable and safe to deal with, there are a few shady outfits that may charge you insanely high rates of interest and attempt to impose other conditions that could leave you bankrupt.

 

You May Qualify for a Loan from the Canadian Government

If even a private lender doesn't seem like a good idea, there is one final avenue that you can check into. Under certain conditions, you may qualify to receive a home loan from the Canadian government. If you are in need of housing due to a serious crisis, you may qualify for an emergency loan that could help you move into a new home. There are a number of other exigencies under which you may qualify for this type of loan. Check with the official Canadian government website to learn more about these types of situations and the loans you may be able to receive to get you through them.


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Purchasing a New Home
Posted on Wed, 30 Aug 2017, 09:15:00 AM  in Home buying tips
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Canada is a country representing a wide variety of properties for sale. Home buyers may choose from a remote cabin in what closely resembles a wilderness area, or they may prefer a condo or townhouse located in the downtown area of a modern city. Their lifestyle and position in life will likely be the deciding factor when Canadians decide to purchase a home.

 

Retirees may search for a home where they are able to appreciate the beauty of nature if they aspire to an active and healthy lifestyle. Seniors who do not enjoy great health may prefer to live near a hospital or medical facility in case they experience a catastrophic health event. Younger people who have children also prefer to live further away from the city, but usually choose to be close enough that their commute to work is not too long. Residential communities located on the outskirts of larger metropolis areas are popular neighborhoods with children of school age. Singles and young couples in the millennial age group typically prefer to rent near thenew home city center, and many prefer to purchase a condo as an investment.

 

Canada's economy is relatively stable, and Toronto is one of the fastest growing cities in the country. The diverse metropolis is the capital of Ontario and is located on the shore of Lake Ontario. Toronto offers many employment and educational opportunities as well as a wide variety of outdoor activities. The number of new constructions and home improvement projects is a testament to Toronto's healthy economy. The Greater Toronto Area is a popular residential location due to the availability of transportation into the city center where most people are employed.

 

People who live in Canada are well aware of the frigid winter temperatures, but they have obviously come to appreciate the advantages of living there so much that the weather is tolerable. The far northern areas of the country are less occupied which is likely due to the much colder winters there. The most populated regions of Canada are situated in the southern half of the country.

 

When it comes to the Canadian climate, Victoria, British Columbia is the warmest. The city is located on Vancouver Island about 100 km south of the city of Vancouver. Victoria is British Columbia's capital city, and boasts amazing mountain and ocean views in nearly every direction. The peaceful atmosphere of the city is popular with retirees, although families and students are drawn to the wide range of outdoor activities that include biking, water sports, golf and zip lining.

 

Anyone planning to purchase a new home in Canada will be wise to contact a reputable REALTORŪ in their desired location. A real estate agent will be able to search for the type of property that meets their needs and wishes. While it may be quite possible to successfully purchase a private listing, a professional will guide them through the process with less risk of purchasing a home with problems. In addition, a REALTORŪ has access to homes that are just coming on the market or homes that are foreclosed and bank owned.


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Form These 4 Lists Before You Even Consider Looking For Your Next Home
Posted on Fri, 30 Jun 2017, 10:00:00 AM  in Home buying tips
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It can sometimes be difficult to gather and organize your thoughts when you are looking to buy a beautiful new Canadian home. If you are in this position, then you may wish to consider forming the 4 lists below to organize your thoughts and your needs. Remember, every list is negotiable and may not include every component of every house that you are about to view on your search.

 

Your New Canadian Home Needs...

The items on this list are non-negotiable. These are the items and components of a home that you need to have or desire so strongly that you are not willing to even consider homes that do not have them. You may have items like 3 or more bedrooms on this list if you have two children of opposite genders, for example. You may need a home in a specific town or province in which you would like to place on this list as well. You can get as detailed or vague as you need to be to meet your needs.

 

Your New Canadian Home Cannot Have...Form These 4 Lists Before You Even Consider Looking For Your Next Home

Like the list above, the items on this list are also non-negotiable. You will not even consider looking at homes that have these items or components. You may wish to put such things as mold, damaged roof, or long commute on this list. If you tend to think more negatively, you may even put such things as “fewer than 3 bedrooms, less than 2 bathrooms, or unfinished basement”. You can also take this opportunity to list items like stairs if you have a member of your family that is handicapped and cannot handle stairs in the home. Whatever the case may be, you are not willing to live with the items on this list and they are considered to be non-negotiable.

 

I Do Not Care Whether Or Not The House Has...

This list is where you can put everything you do not know how to organize into the two above categories. You may want 4 bedrooms but only need 3, so you can list that here and let your sales representative know that you are flexible in this area. You may wish to put the size of the yard, the material used in the driveway, and the landscaping ideas you have under this category as well.

 

I Can Afford To Fix This...

If you are looking for a fixer upper or a home that needs a little bit of tender loving care, then you may find this list extremely helpful. You could even use this list if you can think of things that you can fix up when you buy the home if you can get a decent price on it when you close. You may include such things as a driveway that really needs to be repaved, roofing that needs to be replaced, or appliances that are outdated throughout the house.

 

If you are a serious fixer upper type of buyer, then you may have many more items to list in this category than the average person. You can include things like flooring, insulation, complete bathroom and kitchen remodels, and poor landscaping in the frontyard or backyard.

 

Take Home Advice

The lists above is just meant for you to use as an example. You should feel like you can add, subtract, and modify any of the examples that were listed for you to use as reference. Remember, these lists are for you and your sales representative to use towards buying your next Canadian home.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
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ZOI OUZAS Sales Representative
RE/MAX Garden City Realty Inc., Brokerage
64 Main Street West, Grimsby ON L3M 1R6
Office: (905)-945-0660 Office: (905)-563-8527
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