Edmonton Real Estate | Katherine Zarembski | 780-964-9948 

"I'm Competent and I Care"

Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner.For Service and Commitment, let me help guide you with your next purchase or sale.

 


Budget is everything when it comes to renovating your home and with good reason. Even if you follow the rule that you should put money away to cover the costs of those outrageously expensive home disaster surprises, you still need to follow some basic rules.  When you are hiring a contractor get references and check them (really check them).  Then of course make sure that you renovate what really only needs to be done, it is very easy to fall into the trap of "well while you are here fixing this could you fix that or renovate this as well"


What you need to do next is get what you want at a price you can realistically afford.  With some well planned out ideas study about the design you choose and the materials you are going to use, you can cut your costs without cutting corners. 


1.  Hit a recycling center like "ReStore" that Edmonton Habitat for Humanity runs.  They just opened a brand new store in the west end just off of Mayfield Road and there are some great deals to be had there and you are supporting a great cause while you are at it!

 

2. Do your own Demo Work: Do you know how fun and easy it is to do your own demo work?  It is stress relieving and can you save you hundreds of dollars, all it will cost you is a couple of hundred dollars for a dumpster to be dropped in front or behind your house and your time of course.  A contractor can cost you upwards of a $1000 or more.

 

3. If you are renovating your bathroom or Kitchen DO NOT MOVE the Kitchen sink, the toilet or the tub, the cost of moving those can be the most expensive cost to you when renovating.  Plumbers are not cheap and when you move pipes remember if you are in an older house that you might just have to replace more of that old plumbing than you originally planned.

 

4. Attend Building Supply Auctions: There are a few building supply auctions that happen in Edmonton you can google them and see when and where they are being held.  If you click here you can find all of the Auctions being held in Alberta.

 

5. Add Solar Tubes instead of pricey Windows and Skylights.  A solar tube will cost you anywhere from 150$ if you do it yourself to $500 to have it professionally installed where skylights and windows will start around the $1000 dollar range and increase from there.

 

6. Do the Small jobs yourself.  When you get a quote to renovate from a contractor it usually includes everything from  the consultation to the cleanup after.  If you’ve got the extra time and a bit of skill, ask the contractor if you can do the cleaning, painting, and  some of the light demo work yourself.  This can save a mountain of money.


7. You do not need to pay full price for appliances.  You can look for the sales, and even Kijiji is a great place to buy.  It is amazing at what people are selling on there, you can find almost new for next to nothing.  Also Scratch and dent sales are great.


Great Renovation Site is Edmonton Home Renovations Guide


Service Alberta Home Renovation Guide and Tips


Download the Jackson Home Renovation Guide Here

 

 

For more information on current listings, to schedule a showing,

or free property evaluation, contact:

Katherine Zarembski, REALTOR® at Remax Real Estate

at 780-964-9948

 






Post CommentComments: 0Read Full Story


I just read a great Article in the Globe and Mail about Baby Boomers and Debt.  Are you carrying more debt than you want to?  Are you going to be carrying Debt into retirement and how comfortable are you with that?  I was surprised when I read the numbers of people that are incurring debt well into their retirement and some of the reasons why.  When I read that more of half of retired Canadians are carrying debt I wanted to read further.   


Carrying Debt is not a necessarily a negative; buying Investment properties and taking the equity that you have already to increase your portfolio can be very lucrative.  Another beneficial thing to baby boomers is being able to help their children establish themselves in buying a home.  This may not be a financial benefit but why not help your children when you have that option available.  


See below to read more about this phenomenon





Pre-retirement Canadians no longer rushing to repay mortgage debt

 

DAVID ISRAELSON

Special to The Globe and Mail

Published Monday, Apr. 07 2014, 5:00 AM EDT

Last updated Monday, Apr. 07 2014, 12:38 PM EDT

 

Looking forward to those sunset years when you can put your feet up and burn your mortgage? Peter Veselinovich notices that a lot of people are quietly putting away their matches.

 

The traditional mortgage market, where younger Canadians scrimp and sacrifice in the expectation that they’ll be paid up when they retire, has been changing, says Mr. Veselinovich, vice-president of banking and mortgage operations for Investors Group in Winnipeg.

 

“There has been a trend developing where people appear to be more comfortable in carrying debt into what may have typically been their retirement years,” he says.

 

Pre-retirement Canadians in their 50s are taking on an alarming amount of debt and are most at risk of bankruptcy, says April Dunn, owner of the Red Door Mortgage Group, a mortgage brokerage in Vancouver, citing a new study that examined some 7,000 insolvency filings.

 

“More than half of all retired Canadians are carrying debt, with many stuck managing two or more payments a month,” she adds, noting that it’s not unusual to see baby boomers who reach retirement about $400,000 short of their financial goals.

 

Yet some older people have other reasons for not winding down from the mortgage market. For them it’s a lifestyle choice, Mr Veselinovich says. “They have decided to use their resources for other matters and believe their cash flow is sufficient to service mortgage debt.”

 

Others are taking advantage of historically low interest rates. Still others are leveraging property that they have paid off or nearly paid off to pass funds to their children so the kids can afford to buy their own places, he adds.

 

People who downsize from large family homes can often afford to move to smaller places mortgage free. “That being said, there may well be prudent reasons for someone with cash in the bank to take out a mortgage,” says Jawad Rathore, a developer of seniors-focused condo properties.

 

“It can make better sense for their lifestyles and also for their balance sheets,” says Mr. Rathore, president and chief executive officer of Fortress Real Developments.

 

A client with sufficient investments to pay cash for a property may choose to mortgage instead, says Mr. Veselinovich. “Why? Because cashing in the investments may trigger income taxes and other fees.”

It may make more sense to use the investments to service the debt, he says, drawing out smaller amounts at a potentially lower marginal tax rate. “There may be opportunities for such an individual to make their mortgage tax efficient.”

 

It’s critical to have a mortgage plan, Ms. Dunn says. “Your mortgage is the financial tool that’s tied to your largest asset, so whether you decide to pay it off early or keep your other investments liquid, having a strategy and utilizing your mortgage as a financial tool can help you have the retirement you want.”

 

Age is not the only factor at work here, experts note.

 

“It is not a question of age. It is a question of suitability,” says Frank Margani, executive vice-president of strategy and development at Fortress Real Developments.

 

“There could be a healthy 80-year-old who wants to put 40 per cent down on a property and has the income streams to support mortgage payments, and then it’s fine. On the other hand, there could be a healthy 60-year-old, not yet retired but who can’t afford the mortgage payment.”

 

Age is not a barrier to obtaining mortgage insurance, either. Mortgage holders who put down less than 20 per cent on a property are required to buy insurance from Canada Mortgage and Housing Corp. Others who make higher down payments can buy life insurance, but Ms. Dunn warns that “just like other types of insurances the premiums increase as we get older, and there are some age restrictions by some insurance companies. Premiums can get quite expensive the older we get.”

 

Some other questions to consider are whether you want an open or closed mortgage and to what extent you want to involve other family members in the purchase. If they’re on the deed they can take over payments; on the other hand, dealing with your later-in-life property can be emotional for them.

 

 

For More information about Buying Investment Properties and how to make your equity work for you...

Contact Katherine Today!

Post CommentComments: 0Read Full Story

What is happening in the community of Hudson this week for Real Estate and other news?

 

 

About the Neighborhood of Hudson Edmonton

 

The Hudson neighbourhood is located within the Palisades Area Structure Plan in north Edmonton. The Hudson Neighbourhood is bounded on the east by the commercial area fronting 127 Street, on the north by Cumberland Road and on the west by an existing industrial area/ 140th Street. The southern boundary of the neighbourhood is delineated by the commercial development fronting onto 137 Avenue.

 

The northwest corner of the neighbourhood is defined its border with the Cumberland neighbourhood. Hudson Road provides the main collector road through the neighbourhood. The land uses surrounding Hudson include industrial to the west, commercial to the south and east, and residential uses to the north. The intent of the plan for Hudson was to integrate the residential lands with the Cumberland Neighbourhood to the north, while separating and buffering the commercial and business industrial lands to the south and west. While a limited number of residential units were built in the 1990s, residential construction began in earnest in the early 2000s.

 

The neighbourhood features low density single-detached homes and some low rise multi-unit buildings. As of the end of the 2000s Hudson was still under construction, with undeveloped residential parcels located primarily along the eastern boarder of the neighbourhood. The neighbourhood features good access to commercial and employment centres within close proximity to the residential areas. A stormwater management pond in the northeastern corner of the neighbourhood provides residents with access to open space, and pedestrian pathways encircle the water feature. Following in the naming convention of the Palisades area, all neighbourhood names are derived from famous forts. Hudson is named after the Hudson’s Bay Company (HBC) post, Hudson House, located 40 kilometers west of present-day Prince Albert, Saskatchewan.

 

Hudson House was built by William Tomison in 1779. HBC was named after Henry Hudson who first entered the Hudson Bay area in 1610.

 

To learn more about Hudson click here to view neighborhood profile

 

Walking Map of Hudson



REAL ESTATE NEWS


There are 4 New Listings in Hudson at the moment and a total of 13 listings in total, the prices for a Condo in Hudson right now range from $177,000 to $239,000 and a single family home starts at $490,000 and increases to $690,000.  


If you are looking for more information on what is for sale in Hudson right now please visit HERE for all of your Hudson Real Estate Listings


For more information on the current listings, to schedule a showing,

or free property evaluation, contact:

Katherine Zarembski, REALTOR® at Remax Real Estate

at 780-964-9948

 

 

 

 

Post CommentComments: 0Read Full Story

 

Fences can help to define and enhance our outdoor spaces, and provide us with security, privacy, and peace of mind. Here’s a handy-dandy primer to point out the pros and cons of each fence type, and some things to think about when selecting the right fence for you.

You can build fences out of a wide variety of materials, but the following options are among the most commonly used.


Wooden Fences


Among the best choices for privacy, wooden fences can come in a wide range of styles, and at a much lower pricethan brick or stone. Perhaps the most configurable type of fence material, wooden fences can run the gamut from simple rail fences for borders, to classic white picket fences, to imposing stockade walls. Remember that wood used in exterior applications should always be treated against rot, especially wooden posts that go into the earth.


Chain Link Fences

Inexpensive, easy to install, long lasting, and adaptable to uneven terrain, chain link fences are a great choice,particularly when security is a primary concern. They are strong, provide great flow of air and light, and are far less expensive than wrought iron. Also, vinyl-coated versions of chain link fences are virtually maintenance-free. If a chain link fence makes you feel too exposed, you can purchase plastic strips to thread through the links to add privacy. Be sure to use galvanized steel posts to prevent rust and decay.






Vinyl Fences

Vinyl fences are low maintenance, as they require no repainting, and are not susceptible to rot. And, they have an attractive appearance reminiscent of classic wood fences—from a distance. If you squint. In a fog. They do have a downside, however, as they are more expensive initially, burn intensely if they catch fire, and can become brittle in cold weather. They make up for these deficiencies with their convenience, and lower costs over time compared to wood fences that need more long-term care and upkeep.


Brick and Mortar Fences

These are the most expensive, but are by far the longest lasting option. They are also the most efficient at reducing noise, and provide exceptional privacy.


Wrought Iron and Aluminum

These two have many of the applications and attributes of chain link fencing, with a decidedly more upscale feel. Wrought iron particularly can convey a sense of history and permanence, offer a clear view of a property, and discourage unwanted visitors all at the same time. All of this comes at a high price however, and it remains one of the pricier options available.


Before you Build

Once you’ve settled on the fence of your dreams, there are a few legal and logistical things to consider.

Contact your residential association or city government office to find out if there are any restrictions on fence construction in your area. Your community may be particular about the height, type of fence material used, or the distance that your fence is set back from the street.

Also, before you start, be absolutely sure of the location of your property line. In fact, it’s a good idea to have a professional surveyor confirm the location of your lot line before you start digging. If you encroach just an inch onto your neighbor’s property, you might be required to pull your fence down and rebuild it properly.

Contact your utility company and ask them to mark the location of buried power cables with spray paint. Most utility companies do it for free, and you won’t ruin your fence building experience by splitting a buried power cable with a shovel and lighting up like a Christmas tree. Additionally, take into account any buried water lines to swimming pools, low-voltage lines for decorative lighting, sprinkler systems, and tree roots—you don’t want any injury stemming from building your fence.

Lastly, talk to your neighbors about your fence. Informing them of your plans is just common courtesy, as you are about to plop a construction zone on their border.


Hire a Pro, or Go Solo?

Many types of fences can be constructed by the average weekend warrior, and many don’t require any special permits. However, if you don’t have the time, or don’t feel confident in doing the work yourself, you should hire a contractor to build for you.

Once you’ve settled on what you want, consult with several contractors to get a range of estimates. Make absolutely certain that all candidates up for the job are licensed, bonded, and insured. Ask for references and follow up on them. They should be able to show you examples of their work as well.


A Fence is a Design Element

There, I said it. Certain fences look more appropriate with certain types of homes. For example, if you have a cute little starter home on a small lot, erecting a massive wall made of fieldstone might look ridiculous. Similarly, if you are the proud owner of a 3-story vintage brownstone, installing a homey, little, 30-inch tall white picket fence could attract the attention of concerned mental health professionals. Choose a fence style that won’t disrupt the aesthetic unity of your home and yard.


Good Reasons to Build a Fence

Here are some smart reasons to build a fence, and recommendations for specific types of fencing:

  • Block off an Unwanted View  

If you have an unfortunate view that ruins your otherwise idyllic environment, erecting a fence to block out that view is a dandy idea. You should go with a solid fence, or if you are concerned about light and airflow—or plain old aesthetics—consider a combination of a solid wall topped with latticework, to add visual interest.

  • Increase Privacy

For privacy you want a solid fence, such as a brick or wooden fence, at least 6 ft. high to shield your yard from prying eyes, and to cut down on intrusive noise.

  • Keep Pets and Kids In

Dogs have been known to dig under fences, and children love to climb just about anything. Whatever type of fence you choose, make sure that you have a barrier that extends at least 6 inches into the ground. If you have intrepid toddlers, make sure there are no handholds, such as horizontal rails.

  • Security

When it comes to security, fences are a double-edged sword. On the one hand, they present a conspicuous barrier to thieves. But on the other, fences can also shield a thief from view, and offer them a chance to work with less fear of discovery.

Your best fence bet for security is a chain link fence, at least 6 ft. tall, to effectively keep out intruders. A brick wall or wooden fence provides added privacy, but the open design of a chain link fence allows better air flow, provides better light for plants, offers no hiding places for intruders, and their somewhat harsh appearance can be softened with trailing vines and other plants.

  • Add Visual Appeal

A well-designed fence,thoughtfully placed, can add definition to your landscape, and unify your home and yard like nothing else. You might want to keep in mind that the general etiquette for building fences is to keep the best face toward the public. The only recommendation to make here is to let your home’s design and natural setting function as the guiding influence in determining which fence is best.


Fences Built With Good Intentions

Sometimes putting in a fence is not the best idea. Say, for example, somehow you and your neighbor got ticked off at each other and now you’re toying with building a high fence just to block the sun, killing his hydrangea bushes. Unfortunately, if you are building a fence for malicious reasons to annoy people on adjoining property, it’s considered a private nuisance. That’s against the law, and you could be compelled to pull it down. And possibly be the recipient of glares.

 

But, if your intentions are true—and surely they are—putting in a new fence might be the perfect accessory to your home and garden.

 

Content Provided By: https://www.homeminders.com/Articles/HomemindersArticle/tabid/77/ArticleId/345/Default.aspx

Author: Robert Bundy


For More information on the Edmonton Real Estate Market Contact Katherine Today!

Post CommentComments: 0Read Full Story

Edmonton Real Estate - June 2014 Sales Statistics


Edmonton, July 3, 2014: Sales of all types of residential property in the Edmonton Census Metropolitan Area (CMA) were up almost ten percent as compared to the same mid-year point in 2013. According to the REALTORS® Association of Edmonton there were 11,595 residential properties sold this year through the local Multiple Listing Service® (MLS®) compared to 10,556 sold by June 30, 2013. Prices also rose year-over-year; the value of sold property increased 15.3% from $3.6 billion to $4.2 billion.

 

In June, the average price of a single-family detached (SFD) property in the CMA dipped 0.7% to $435,534 month-to-month. The all-residential average price was $371,839; down 0.2% from May.  Throughout the CMA, the average price for a condominium rose 0.6% from May to $254,182.

 

“The average price has been fairly stable this year with relatively small market fluctuations from month-to-month,” said REALTORS® Association President Greg Steele. “When compared to last year at the same time however, average prices are up and we have established new peak prices for single-family detached homes for the past five months.”  

In June, the average price for a SFD home was $435,534, which is down marginally from the new historic peak set in May of $438,506. Condominium average prices were up 0.6% from May at $254,182 but did not hit the June 2013 peak of $258,383. Duplex/row house prices dipped 1.7% from May at $343,198 and the all-residential average price was down 0.2% to $371,839.
 
Overall, YTD residential listing activity was up 6.9% compared to last year at this time, with sales up 9.8%. The increased sales put downward pressure on the inventory, resulting in a month end inventory of 5,704 available homes (4.7 months of available inventory at current sales levels).

 

“The new higher pricing plateau that we have seen this year has motivated more homeowners to put their home on the market resulting in increased choice for home buyers,” said Steele. “But properties move quickly in this market and buyers must work closely with their REALTOR® to catch the ideal property when it comes into the market.”

The average days-on-market was just 41 days in June and the YTD average of 45 days, compared to 47 last June. The sales-to-listing ratio was 66%: slower than the 72% last June.

 

REALTORS® represent buyers and sellers of residential, commercial and industrial property throughout the greater Edmonton region and from Cold Lake to Drayton Valley, from Westlock to Wetaskiwin. There are just over 3,200 REALTOR® members of the association serving over 40,000 clients a year.

 

 

Highlights of MLS® System activity (for all-residential sales in Edmonton CMA1)

 

 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

3 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period sales figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

 

 

 

TO DOWNLOAD THE FULL REPORT CLICK HERE





 

For information on a specific area, contact Katherine Zarembski REALTOR®.

Post CommentComments: 0Read Full Story