Articles
|
Globe and Mail Update
Published on Wednesday, Sep. 08, 2010
As Canada’s housing market softens, the
question for many homeowners is how much prices might decline.
The
Conference Board of Canada waded into the debate Wednesday, saying
there will not be a “free fall” in the market but rather a pause in what has been, in recent
years, rapid price increases.
The comments come on the same day the Bank of Canada
raised its key lending rate for the third time in a row, though it cautioned that further increases
aren’t set in stone. The central bank’s record low interest
rates over the past year have been
a main reason for the recent boom in the country’s housing market.
Canada’s
real-estate market has now lost its lustre, but it won’t see the
steep price declines occurring in the U.S., today’s report said. |
Tips for
Renovating Your Basement
Colour is
often the first thing you notice about a room.
Dealing With Dampness in Your Home
8 Steps to Creating Your Bedroom Retreat
Delayed Start in Canadian Real Estate Market and
Undersupply Lead to Perceived Housing Boom
Home Improvements - Windows and Doors
Don't "Fall" into the Season Without Preparing Your
Home
Getting your home ready for the cooler weather
"Green" Tips for a Great Lawn
Eco-Smart
Gardening Offers Clever Solutions
Three Ways to Improve the Air and Water Quality in
Your Home
Snow
Safety Tips to Survive the Winter Weather
Make an Entrance: Warm Up Your Entryway This Winter
Young
Professionals Likely To Take Advantage Of Stabilizing Cottage Market
Fence Me In: Ideas for Defining Your Outdoor Spacer
How to Make a Small Room Appear Bigger
Hot, Not Bothered: Inexpensive Home Heating Tips
Spring Has Sprung a Leaky Roof
eNewletters
This
is a sample of the types of articles that appear in the eNewsletter.
Making
a first impression
So
you've decided to take advantage of the booming spring market and put
your
house up for sale. As you know, buying a house is the most important
purchase
a consumer can make.
So
it's understandable that when prospective buyers come through your
house,
your home will be scrutinized like it's never been before (well not
since
you bought it anyway!). Everyone knows you never get a second chance to
make a first impression, so consider implementing the following
cost-effective
suggestions, before you welcome any potential buyers.
Consider
the view that people see when they first drive up. To ensure that you
don't
send any potential buyers running down the driveway before they even see
the
house, make sure the exterior of the home is spotless. Paint or wash as
necessary and don't forget to mow the lawn and spruce up any outdoor
greenery.
Upon
entering your home, what will they see? If you have a room that makes a
statement when you walk in, perhaps the walls are painted a very bright
colour or the style of furniture is eclectic, potential buyers may have
a difficult time picturing their own stuff in the room.
A fresh
coat of paint in a neutral colour is an inexpensive but proven
technique
for increasing the appeal of any home. A clean, fresh smell makes a
good
impression. Try placing air fresheners in closets to eliminate musty
smells.
The smell of freshly baked bread also goes a long way. Don't go
overboard
though – not everyone likes the strong scents of potpourri or
incense.
Of
course, it goes without saying that clean and bright equals a sale.
Scrub,
clean, wash windows, walls, floors and tiles and shampoo dirty carpets
– leaving no stone unturned. Clean under sinks, repair any leaks
and clean
up any damage. Use special cleaning agents to rid toilets, tubs and
sinks
of stains. If you have lots of stuff, it's hard for potential buyers to
see around it to see the room.
Store
any miscellaneous items, making sure to keep the garage, basement,
attic
and any closets tidy. This will make your house look more spacious and
clean.
Make
repairs as necessary. If the baseboard around the cupboard is loose,
for
example, get out the hammer or glue and fasten it securely. Are the
handles
on the closet door wobbly? If so, get out the screwdriver and tighten
them.
Potential buyers don't want to have to look after a bunch of little
things
when they move in and they may subconsciously be noting all the little
repairs.
In
the end, they might reject the house because they think all the minor
repairs
will amount to a lot of work for them. By implementing these simple
tips,
you can ensure that your house will be off the market in no time!