Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Buying an Old Home in Vaughan: Buyer Beware!

by Claire Franceschetti

Who can resist the charm and character of an older home?

 

Before you buy, here are some common issues that may prevent you from securing insurance.
 

 

Wiring:

Knob and tube wiring, may be considered a fire risk. If a home inspector finds this wiring, the insurance company may require updating the electrical system.

 

 

 

 

 

 

Galvanized or Lead Pipes:

These older pipes are more susceptible to rust build-up and blockages. Because of the risk of flooding from bursting pipes, you may need to upgrade to modern copper or plastic pipes.
   

Heat source: Details will be required about age, location and condition of oil tanks, often used in older homes for heating
   

Wood Stoves: Often the source of house fires and carbon monoxide poisoning, wood stoves will most likely need to be inspected before an insurance policy will be confirmed.

Improve Your Home's Air Quality

by Claire Franceschetti


It might surprise you to hear that the air inside your home is often dirtier than the air outside. That’s because indoor air is made up of outdoor air plus all the pollutants and allergens generated from cleaning products, pets, dust, smoke, and so on. Fortunately, you can improve indoor air quality in ways that do not cost a small fortune.

 



Get the Dust Out


Dust – a major irritant – includes lint, bacteria, pollen, plant and mold spores, pet dander, etc. You can reduce dust particles in the air in a number of ways. Here are three:

1. Clean or replace the furnace filter every three months.  Most homeowners do not keep up with this task. Thick-media filters, such as the five- and six-inch pleated type, last longer than regular filters and filter better too. Of course they are more expensive.

2. We all create an invisible dust cloud just walking through our homes. While a high quality furnace filter will reduce dust, frequent cleaning and vacuuming is also necessary, but only if your vacuum cleaner is up to the task.

3. A poor-quality vacuum cleaner can also create dust clouds. Before you give up on vacuuming, however, two solutions can address this problem: either install a central vacuum system with the canister-air discharge piped outside the house, or purchase a high-quality, portable vacuum cleaner with a HEPA filtration system. HEPA stands for High Efficiency Particulate Air filter. Whichever solution you choose, both will effectively decrease the amount of dust that spews into the air when you vacuum.

Control of Humidity


High humidity levels in your home can significantly contribute to mold and dust mite growth. Dust mites, however, are a fact of life; you cannot eliminate them entirely. But you can decrease their numbers. Dust mites thrive in humidity levels above 50%. Ensuring the humidity in your home is not higher than 50% will diminish dust mite growth. Here are a few ways to address humidity.

1. Buy an inexpensive hygrometer to measure the indoor humidity

2. Ensure that your clothes dryer vents to the outside

3. Bathroom and kitchen fans should direct shower, bath and cooking moisture outside

4. Fix basement leaks and deal with condensation issues

5. Air conditioning systems and dehumidifiers can also remove moisture from the air. Keep in mind that dehumidifiers use a great deal of electricity and don’t provide any cooling. Make sure you deal with obvious sources of moisture first.

More Efficient Air Exchange


Some homes just need more ventilation. Heat-recovery ventilators, or energy-recovery ventilators are both effective ventilation devices. Some do-it-yourself systems exist out there but we strongly suggest an expert consultation. Choosing the right system involves careful consideration of your home and your specific situation. Lifebreath has a good website that can provide more information on a variety of systems: http://www.lifebreath.com/category.php?category_id=5

Improving air quality in the home is a goal that is easily attainable. Start with the little fixes and then undertake the more complex remedies as needed. You don’t have to spend a lot of money to improve the air you breathe.

Before you Buy a Couch, Check Out this Tool!

by Claire Franceschetti

Here's a room layout tool that I really enjoyed. It saved me from buying an oversized couch...Hope you find it helpful too!

There is rarely a day that goes by without being asked about the market. When I grab my daily coffee at Coffee Time or Starbucks in town (I change it up every day depending on how I'm feeling), I am quizzed on what's going on. So here's a quick update that looks promising if you're thinking of making a move.

1.  Sales are UP!

The Toronto Real Estate Board reported 10,350 firm sales in April 2012, which is nearly 1500 more homes than the 8,778 firm deals during April 2011.  The strongest sales growth was seen amongst the single-detached home market, with sales up by 22 % compared to a year ago.

2. Prices are UP!

Shockingly, the average price for April 2012 transactions was $517,556 – up 8.5 per cent
compared to April 2011. Comparatively, condominium apartment sales has more supply, and thus has only seen a moderate price growth of 4%.

3. Still a Sellers Market

What does this mean for sellers? Since demand has increased, and supply has not kept up, competition between buyers has increased. (The dreaded multiple offer frenzy for buyers is still upon us.) It follows then that the strongest annual price increase was also seen for single-detached homes.

4. Sitting it Out is a Dumb Idea

I have lost a few buyer clients because the thought that the market would collapse a few years back. They sold their homes and began to rent. They have spend thousands of dollars in rent, and their equity is earning close to no interest.  They are further behind at this point than staying in the market and living without fearing the timing of buying and selling.

I love my job...I actually love it so much it doesn't feel like a job at all! So next time you ask me "How's the Market?", upsize the coffee because we've got lots to discuss!


 

Displaying blog entries 1-4 of 4

Contact Information

Photo of Claire Franceschetti Real Estate
Claire Franceschetti
Right At Home Realty Inc.
190 Marycroft Ave.
Vaughan ON L4L5Y2
Direct: 416-918-6325
Office: 416-391-3232
Fax: Fax: 416-987-8001