5 Buyer Turn-Offs to Avoid This Summer

When you’re in the process of selling a house and moving, you have a lot on your plate. You might be job-searching, researching your next home, and doing everything you can to keep your kitchen spotless for the next showing.

With so much going on, it can be easy to let seasonal maintenance items slide, but this would be a mistake. It’s crucial to care for these items to keep your home in top shape. The exterior provides the first impression of your home, so put forth the effort to boost your curb appeal. Here’s how.

1. Manicure the yard. Keep your landscaping tidy. Sweep walkways, cut the grass and pull weeds. A well-kept yard with attractive flowerbeds and an inviting front porch are appealing to buyers. Dead tree limbs, piles of leaves and overgrown lawns are not. In fact, they can be instant turn-offs.

2. Clean the gutters. This task is easy to forget about, but its neglect can lead to significant issues. Clogged gutters can cause drainage issues that damage your landscaping and your foundation. If buyers see puddling water and piles of debris on the roofline, they won’t get a good impression of your home. Let them know it’s a well-cared-for property by keeping gutters clear.

3. Check for critters. Uninvited guests are a sure turn-off for buyers. Make sure no pests have made your home their own this season. Inspect any attic, basement and crawl spaces. Cover vents with wire mesh and plug any holes or cracks that could allow animals access to your home.

4. Wash the windows. That’s right – this isn’t just a spring-cleaning project. To attract buyers, keep those panes sparkling all summer. Be sure to wipe them down after storms to keep windows looking sharp.

5. Stay in season. You never want to let your home look out of season. It gives the impression that you no longer care about the home and it is not well maintained. Be mindful of what is in the yard, on the deck or sitting on the front porch. Keep furniture, plants and decor in season. Let potential buyers know your property is well cared for by staying on top of these seasonal tasks.

Hey, That’s My Stuff! How to Avoid Mover Scams

According to the Better Business Bureau, the moving industry is one of the most complained-about industries in Canada. How can you avoid negative experiences? Be aware of common scams, and take steps to protect yourself from these fraudulent activities.

Get it in writing: It might be tempting to get a quick quote and schedule your move over the phone. Don’t do it. This is one of the easiest ways to get scammed. Since you have nothing in writing, the movers can easily charge whatever they want once they begin, and they may hold your belongings hostage until you pay an outrageous amount. Always schedule an in-house walk-through to get an accurate quote, and get the agreed-to amount in writing.

Read the fine print: When you sign a contract with a mover, read all the fine print. Make sure you understand the terms of payment before you sign. Unscrupulous movers may include terms that allow them to hijack your belongings after demanding more money. If you’ve signed anything that allows for these practices, the police will be unable to intervene.

Vet the movers: Before you agree to work with a moving company, research its reputation. Contact the Better Business Bureau to check the company’s rating. Ask for recommendations from friends. Read online reviews. Ask movers for proof of registration, proof of insurance and an office address. Take the time to vet the mover, so you know you are working with someone you can trust.

Try a hybrid approach: Consider renting and driving the truck yourself, and hiring movers for loading and unloading only. This will keep your possessions under your control to prevent hijacking scams. (It can also reduce the cost of the move!)

5 Things You Need to Know about Your Future Neighbourhood

Are you currently on the home hunt? You probably have a list of needs and wants. Have you included anything about the neighbourhood?

In addition to bedrooms, baths, and interior upgrades, it’s a good rule of thumb to ask a few questions about the potential neighbourhood you may want to call home. When you’re thinking about buying, here are some questions you can ask to help determine if the neighbourhood will be a good fit for you.

1. Is the area well-maintained? Take a walk around the block. Drive through the neighbourhood. Are properties well-maintained? Are roads in good condition? The appearance of the lawns, homes, and public spaces can reveal a lot about the area.

2. Are there any rules and regulations you need to be aware of before you commit? Do you mind if your renovations and landscaping are restricted by homeowner association bylaws? Find out if the neighbourhood has any rules and regulations, and what they are.

3. What is the reputation of the school district? Even if you don’t have children, the school district’s status can affect property values. Get the scoop on the district’s rankings in academics and financial stability.

4. What’s the crime rate? Oftentimes you can find maps provided by the city that show what crimes occur in the area and how often. The FBI may also have reports available for the area. Do a little research to make sure you’ll feel safe in your new home.

5. What amenities are nearby? For some homebuyers, access to public transportation is important. Others want to live near parks, shops, or restaurants. Find out what amenities the area offers to ensure that you choose a neighbourhood that suits your lifestyle.

3 Real Estate Myths Television Has Taught Us

Jim and Suzy Homebuyer just found their dream property for $50K and fixed it up in three weeks.

Stories like this have skewed viewers’ expectations of real estate reality.

Shows about home buying and renovation projects can be fun to watch, but we may not realize that they often don’t depict the realities of buying, selling, and owning a home.

Here are three common myths popularized by today’s TV lineup.

“Three homes will do.”

On TV, a couple looks at three homes and is able to find the property of their dreams. This isn’t how things work in the real world.

The number of homes buyers must look at before finding the right one for them differs in each situation. It’s not uncommon to look at 20 homes. It may even work out that you look at just one (but it’s not likely).

“I can afford that.” 

Shows that depict real estate purchases and renovations rarely reflect prices that are realistic for viewers. We may witness a bargain deal on TV and assume we could get something similar.

The fact is, markets vary greatly. The price of a home or a remodel in the area where the show is filmed may be completely different from what we can expect in our home town – either much higher or much lower.

“This will be a cinch.” 

While some DIY projects can be completed quickly, the amount of time most renovations take is longer than TV would have you believe. Homeowners shouldn’t expect to dive into a basement remodel on Friday and wake up Monday morning with the project behind them. Even if you hire professionals, they may encounter unexpected delays or simply need more time to do the renovation right.

If you’re considering buying, selling, or renovating, the more information you have, the better prepared you can be. Contact me for some professional input – I’m happy to help.

Modern Homes Are Getting Smarter by the Second

Innovative technology is transforming the real estate marketplace. As they design and select homes, today’s buyers are weighing options that were nonexistent for homeowners 20 years ago. Modern houses, enhanced with smart technology, have become more than rooms and walls. They are integrated systems of efficiency, entertainment, and security, designed to cater to a high-tech lifestyle.

These technological advances are adding value to homes in creative ways.

Convenience: Control centres allow owners to manage almost everything in the home remotely. They can turn up the heat, turn on the lights, or turn off the television from around the globe. With remote access, homeowners no longer have to worry about misplaced or stolen keys. They can even grant entry to others while they are away from home.

Security: Wireless technology and video surveillance options have transformed home security. Systems can be added without drilling holes and hiding wires. Cameras and video technology allow personal, remote observation of the home inside and out. In addition to securing their home against crime, owners can check on Fido, confirm a package delivery, or enjoy peace of mind that the kids arrived safely home from school.

Efficiency: Smart technology can provide greater efficiency for utilities, which can provide significant savings over the years. Improved temperature control technology, remote access to thermostats, and better utility sensors can create a highly efficient home.

Linkage: The internet of things has added multiple new features to homes. Homeowners can link smart appliances, security systems, and more to connect every facet of their lives. The connectivity a home offers can boost its value to plugged-in buyers who are seeking modern networking capabilities.

These smart technologies are becoming more affordable and more accessible. It’s likely that more and more buyers can expect to find high-tech options listed among standard home features.

If you’re considering a smart upgrade to your home, reach out to our office so you can get the best information to determine which innovations make the most sense for your market.

Real Estate Secrets: Why (and How) Kitchens Sell Homes

The kitchen is the heart of the home. It’s a bustling centre of activity where people gather to cook, eat, socialize, and entertain.

As the central hub, the kitchen is one of the most important rooms of the home. This space will immediately attract buyers or turn them off. It’s much easier to look passed a small bedroom or an outdated powder room than to get over an undesirable kitchen. The kitchen must be designed to meet the needs of their lifestyle. If it’s not a good match, the buyer will likely eliminate the home as an option.

To prevent this from happening, homeowners can make strategic efforts that will improve their property’s culinary appeal.

Refurbish rather than replace: Cabinetry is a significant factor in a kitchen’s appeal. Since replacing cabinets is an expensive endeavor, many homeowners are reluctant to take on this project. Fortunately, other options won’t break the budget. Consider repainting the cabinetry or replacing only the doors. New cabinet hardware can also create a brand-new look.

Invest in appliances: Modern, matching appliances offer immense appeal. They look sharp, offer convenient features, and typically provide high efficiency to reduce utility bills.

Make it sparkle: Cluttered countertops have never helped sell a home. Buyers want to see the kitchen, not the mess. Keep counters clear and clean and ensure the entire space shines.

Consider the market: When considering kitchen improvements, homeowners should always consult with a trusted real estate agent to ensure upgrades are in alignment with their neighbourhood, the target buyer, and current trends. Reach out with your questions. We are happy to help.

Negotiation: There’s More to it Than You Think!

When you think of real estate negotiations, what comes to mind? For most buyers and sellers, price tops the list. While this is certainly an important part of any real estate deal, did you know there are at least six others areas of potential negotiation?

Closing costs: In addition to the price of the home, buyers must pay closing costs that cover lender fees and other charges. Buyers may ask sellers to help pay for these costs with a flat dollar amount or a percentage of the fees.

Closing date: Do you need to close on a home quickly? Perhaps you need a little more time to search for your next home. There are also different advantages to closing at the beginning and end of the month.

Personal property: What will be included with the four walls and roof? Negotiations will be worked out on whether the seller includes the washer and dryer, kitchen appliances, and even items such as living room furniture or that pool table in the basement.

Contingencies: Many real estate contracts are contingent on financing or other home sales. The buyer may need to complete their lender requirements by a certain date or complete their current home sale before the contract is in full force. These details must be worked out and agreed to up front.

Home repairs: Most contracts include a stipulation that the buyers can complete a home inspection. Once the buyers receive this report, they can ask the sellers to fix items that were found to be in disrepair. Each of these items must be negotiated.

Home warranty: This can be provided as an incentive to buyers to offer peace of mind. It can be particularly appealing for older homes. It typically provides coverage for the home’s HVAC system, appliances, and other major items in the event that they need repair soon after the purchase.

Does this sound like a lot to negotiate? It is. Fortunately, real estate agents are expert negotiators and can handle all of these points for you! Your agent will identify your top needs and work hard to get you the best deal.

Attention Sellers: What Buyers Want

Today’s television lineup is packed with shows about property ownership. From remodeling to purchasing to flipping homes, HGTV and other similar channels have inundated homeowners with ideas about real estate.

As a result, many buyers now have high expectations as they search for a potential home. They’ve seen the magazine-worthy houses on TV and that’s what they want to find when they view a home. Things should be picture perfect to grab their attention. Fresh paint, new kitchens and bathrooms, neutral décor, and modern conveniences top the lists of many buyers.

It’s important for sellers to keep these standards in mind as they prepare to place their homes on the market. To get that coveted buyer, sellers must give buyers what they want. If they are looking for a picturesque setting, then give them one.

Invest in upgrades for outdated interiors. Allow a professional to stage the home. Take the time to boost curb appeal. Ask a real estate agent for recommendations to decide what changes would make the best investment.

As sellers make these changes, one concept is essential to keep in mind: location. While upgrades can help sell a home, it’s important that sellers not price themselves out of their neighbourhood. Remodeling and redecorating should be appropriate for the location.

If a seller builds an addition and updates a kitchen with all the bells and whistles, the home might be beautiful, but also overpriced. The seller may have created a $250,000 home in a $150,000 neighbourhood.

Again, it’s important to consult with a local real estate agent who is familiar with the area. He or she can determine what projects should be completed to properly prep the home for the market.

With the right upgrades at the right budget, sellers are more likely to sell the home quickly and get top dollar for their property.

Big-Ticket Items: When’s the Best Time to Buy?

From furniture to refrigerators, big-ticket items are often a major consideration during the home-buying process. For sellers, investing in some upgrades could make their home more attractive than the competition. Buyers settling into a home may be on the hunt for good deals to fill their new space. On either side of the transaction, it’s helpful to know when and what to buy to get the most bang for your buck. Here’s the scoop.

Kitchens sell homes: Sellers, keep this in mind if you’re wondering where to invest your dollars to boost your home’s appeal. If your kitchen features outdated appliances, spend the budget here rather than in the laundry room or guest bedroom. Consult with your real estate agent to determine the best upgrades for your price range and budget.

Seasons offer savings: If you have some flexibility with the timing of your purchase, look for big-ticket items when they are most likely to be on sale. Appliance manufacturers typically introduce new models in the fall, so consumers can often find good deals on previous models at this time. The exception to this trend is refrigerators, which are usually marked down in the spring. To furnish a new home, try to hold off until January or July. These months generally see the most furniture sales.

Discounts are available: As you shop, watch for potential discounts. If a store is selling floor models, you may be able to get a great deal. Many stores also offer competitor price matching. Lastly, look for savings even after you buy. Some retailers offer price adjustments if your item is reduced soon after your purchase.

Five Interior Design Disasters to Avoid

Beauty is in the eye of the beholder, and that saying rings true for how one chooses to decorate one’s home. Therefore, one person’s love of leopard print could be another person’s decorating disaster. If you are looking to sell your home this year, change up or avoid these top five no-nos.

Wall-to-wall carpeting. Having wall-to-wall carpet is the number one no-no. According to Jonathan Scott of the famed Property Brothers, no one is looking to buy a house with carpet – which can hold many of life’s unsavoury side effects like dirt, stains, and hair.

Mirrored walls. In theory, this decorating idea should make a small space appear larger. However, according to Scott, the effect can actually make your room look like an “’80s dance hall.” Let the dance hall die and opt for full-length mirrors instead.

Clutter. When it comes to decorating to sell, less is almost always more. Be particularly picky about the foyer, since this provides the initial impression of the interior. Keep shoes, winterwear, bags, and other daily-use items organized and out of sight. Rearrange or remove furniture and décor throughout the home to make each room appear as spacious and inviting as possible.

Loud wallpaper. Although wallpaper can add that pop of colour that a room desperately needs, a loud or dizzying pattern can turn off buyers. If you want to add appealing hues, stick with paint.

White on white. Although beautiful, the colour white is not realistic when it comes to life’s many mishaps. Realtor.com recommends that homeowners gravitate toward rich shades such as rust browns, black, and forest green.

What You Need to Know before Becoming a Landlord

Thinking of becoming a landlord? While this can be financially and personally rewarding, you must do your homework before you take the leap.

To help you learn the ropes and avoid any costly missteps, here are some handy tips of the trade.

It cannot be overstated how important it is for landlords to do their pre-closing homework.

During the home inspection, remember to take a thorough look at the property to see what will need to be repaired or replaced.

For example, you might want to change the toilets to low-flow models. You’ll also probably want to invest in essential upgrades to three common areas: water, door locks, and flooring.

Don’t make the rookie mistake of underestimating the costs of fixing and maintaining the property, both before and after a tenant has moved in.

Most landlords account for insurance and taxes, but it’s easy to miss expenses like garbage, gardening, and regular maintenance.

According to Money, you should set aside at least 35 to 45% of your annual rental income to cover these costs. (And when you’re calculating this income, it’s a good rule of thumb to account for only 10 or 11 monthly payments per year.)

When it comes to finding a tenant, don’t be too relaxed. Interview prospective tenants on the phone first to find out if they meet your requirements. Then, it’s important to check your potential tenants’ credit and speak to their references. Confirm the source and amount of their income. It should be at least 2.5 times the annual rent. You should also learn what’s legal in your town. For example, can you ban pets?

Once you’ve found a great tenant, act fast to get the lease signed. From there, never forget that you’re running a business and your tenant is a customer. Treat your customer right, and success is more likely to come your way.

 

Prepping Your Home for Sale: Get the Most Bang for Your Buck

Every seller wants to maximize his or her profit. Partnering with a real estate agent is a great start. Homeowners can further increase their bottom line with a few simple steps. To get the most out of your house, complete the following before you list.

Hire your own home inspector. If a buyer’s inspector finds issues with your home, you can expect your profit to shrink. Stay one step ahead by hiring your own home inspector to unearth any potential issues.

Invest in repairs. In addition to addressing any trouble the home inspection reveals, it’s a good idea to have cosmetic issues addressed. Prospective buyers notice things like cracked tile, chipped baseboards, or a squeaky floorboard, and this will be reflected in their offer.

Upgrade where it counts. You don’t have to renovate your whole house to turn a healthier profit. Make small, impactful swaps, such as switching out lighting, cabinet hardware, or shower heads for cleaner, more contemporary options.

Add a few new accessories. Fresh flowers and potted plants go a long way in making a room feel inviting. For a cozier living room, drape a cable-knit blanket over the couch. String Edison bulb lights over a patio and put an Adirondack chair on the front porch. These small touches add major warmth.

Treat it like a model home. To sell your house quickly and for the most money, treat it like a house you’ve been hired to stage. Put personal effects into storage, declutter, remove artwork that could be seen as too loud, and make sure the house is absolutely spotless.

Condo Life Is Now a Reality for Many Canadians

With the dwindling of land available for construction of detached and semi-detached single-family homes, Canadians are accepting the need for vertical living and high-density communities. Even naysayers are contemplating life in a “box.”

The reality is – as Canada’s most recent census numbers indicates – condo living is here to stay.

The 2016 census revealed that 13.3% of all Canadian households (approximately 1.9 million households) live in condominiums – an increase of 1.2 percentage points over the previous census conducted in 2011.

Of course, that differs across the country and from urban areas to suburbs and rural locations. In Vancouver, for example, some 30% of the population call a condo home. In Toronto, that number sits at 20.9%. But in both Halifax and Moncton, the number of condo dwellers drops to below 5%.

Notes a recent CBC article published after census results were released: “In other cities, meanwhile, condos barely rate as a living option. In Greater Sudbury, Ont., Saint John and St. John’s … less than one out of every 20 people live in a condo.”

The numbers, of course, correlate to population: Both Vancouver and Toronto boast larger populations, and wildly different real estate markets, than their smaller counterparts. The census reported that, by homeowner estimates, the cost of an average home in Vancouver totalled $1,005,920 compared to $734,924 in Toronto. And across Canada, the average value of a home was $443,058, up from $345,182 in 2011. And, interestingly, two-thirds of households owned their condos, while renters accounted for the remainder. Perhaps something to watch for in future?

‘Curb Appeal’ Renos a Growing Trend

As the winter thaw begins, and spring buying and selling fever heats up, there are certain renovations you can make on your home to ensure you get an optimal return on investment (ROI).

Whether you’ve been waiting for that perfect time to list, or are looking to flip fast, being strategic with your home renovations can make the difference between losing money and having extra cash in your pocket.

As a Houzz article points out, when it comes to home renovations, the “size of your space, the scope of work involved, your DIY abilities, the quality of materials you choose and even your geographic location all play a part.”

Invest in curb appeal

However, your renovations don’t have to be earth-shattering. According to Remodeling magazine’s 2017 Cost vs. Value Report, the trend of making “curb appeal” renovations to your home scored a higher ROI than larger renovations.

Boost energy efficiency

Surprisingly, installing loose-fill fiberglass insulation in the attic came in as number one on the report. Although it doesn’t seem as exciting as other home remodels, it makes your home more energy efficient, and it can be accomplished yourself, inexpensively. Plus, it returns an estimated 107.1% on your investment.

Interestingly, something as subtle as replacing your garage door could yield you as much as an 85% ROI. Landscaping is another tried, tested and true improvement that can return as much as 650% to 900%, according to Global National, on your investment. Installing new windows, adding high-efficiency appliances and repainting the exterior and interior of your home can make a huge impact for little cost.

Key to success

Bryan Baeumler, host of a variety of reno shows on HGTV Canada, tells Global National the keys to a successful home reno is: Fitting your plan into a budget and not your budget into a plan; cost vs. impact; and what makes the most sense for you.

Why Canadians Are Embracing the Trend of Smaller Homes

The small house movement may be coming to a neighbourhood near you, proving that “bigger is better” is not necessarily true.

Having a bigger space to fill, a bigger mortgage to pay, and a smaller disposable income make having a large home unrealistic for many young professionals and families.

In an article in homify.ca, the Canadian Home Builders’ Association suggests that Canadian homes have long been among the world’s largest, at 2,300 sq. feet (213.68 sq. meter) on average. And this hasn’t changed. In the same article, a 2017 report from consultant PwC suggests homes in Canada are the third largest in the world.

However, rising prices, dwindling space and an influx of immigration may make room for the small housing movement to gain a foothold in Canada. As the Canada Mortgage and Housing Corporation (CMHC) states: ” Home prices have risen ahead of economic fundamentals such as personal disposable income and population growth, resulting in overvaluation in many Canadian housing markets.”

In fact, cities such as Toronto and Vancouver have already witnessed the small housing phenomenon as limited space and affordability have forced developers to think small.

Paul Kealey, co-owner of EkoBuilt, near Ottawa, told The Ottawa Citizen that there are many positives to the small housing movement, as the houses are “cheaper to build and operate, less expensive to maintain and repair.” That also may mean lower taxes.

Sounds like the small housing movement is on the verge of packing a big punch in housing markets across Canada.

Make Your Home Buyer Friendly with Focused Staging

With the move to buyers’ markets in many areas, you’ll want your for-sale home to look its best. And that requires focus. Focused staging, that is.

Staging your home can increase the offer amount by up to 10%, according to the National Association of Realtors (NAR) 2017 Profile of Home Staging. But what if you haven’t the time or cash to stage the whole house?

You focus on the rooms that push buyers’ buttons. A messy mudroom may not kill your sale, but an unusable kitchen or master bedroom may be a deal-breaker.

Few buyers can see beyond your personal style, particularly in hot-button areas like the living room, kitchen and master bedroom. So concentrate on staging these.

This article – from RISMedia – may help:

According to the NAR Profile, the living room is one of the most popular to stage. Make it feel larger by replacing bulky furniture with smaller pieces. Help buyers to imagine their things here; leave lots of space on shelves and around furniture.

In the kitchen, declutter countertops, the fridge and inside cabinets (yes, buyers willlook). Add colour with a bowl of fruit.

“Most bedrooms don’t need much more than the bed, dresser, end tables, and a mirror,” the article suggests. Make the bed the focus with beautiful, but not necessarily expensive, linens.

A clean bathroom is a saleable bathroom. The master bath, especially, should gleam. Add attractive towels and battery candles for atmosphere.

And don’t forget to tidy the outside. You know what they say about first impressions.

Polishing the Crystal Ball: Real Estate in 2018

Whether you’re planning to become a home buyer in 2018 or hoping to sell your current property, it can be hard to forecast the way the real estate market will go. Here are some trend predictions, gathered from several sources, which maydominate in 2018:

A recent report from the Urban Land Institute and PricewaterhouseCoopers brings good news: the usual boom-and-bust cycle isn’t behaving typically, so what could have been a bust may be a gentle downturn instead.

Smartcitiesdive.com, which highlighted elements of the PWC/Urban Land Institute report, suggests the real estate industry has begun to take an interest in a new generation.

This is not to detract from the importance of millennials who, incidentally, are expected to become more interested in purchasing a home in 2018 than in previous years. A new generation, “Gen Z,” is indicating an even stronger interest in becoming homeowners at an earlier age than their millennial counterparts. Born after 1995, Gen Zers are enthusiastic about fixer-uppers and do-it-yourself projects and may lead the way in gentrifying distressed urban neighbourhoods.

The Internet of Things is changing everything, so why not real estate? Smart home automation is driving the industry to incorporate the latest tech in new home builds and attract tech-savvy buyers by focusing on tech amenities in listings. The PWC/Urban Land Institute report suggests the industry has been lagging behind, technologically speaking, so 2018 may well be the year of the high-tech home.

Little is known yet about the economic and political factors affecting the industry across Canada. Continued government intervention in selected markets, such as Vancouver and Toronto, remains a question mark as does the movement of interest rates. The Canadian economy appears stable, and ultimately it may be that stability that will impact real estate at the seller and buyer level. Continued concerns about affordability and household debt will remain issues to contend with in 2018.

Downsizing Happens at All Ages Now: Here’s How to Ace It

Downsizing is often associated with empty nesters and retirees, but as it turns out, more and more homeowners of all ages-including millennials-are looking for smaller residential footprints.

Currently, more than 40 per cent of Canadian millennials rent, and many say they prefer it. But those who are buying are lining up for small condos that will allow them to live in urban centres at affordable prices.

Downsizing dilemmas

Getting rid of belongings that won’t fit in your smaller space is challenging. The upside-of particular interest to millennials-is the opportunity to dump old inherited pieces for trendy modern furniture.

Measure your new home before moving day, and decide what to take before you start packing. If there’s a too-big item that you can’t bear to part with, store it. But not at mom and dad’s, say experts; they may be downsizing soon themselves.

Emotional attachment can make it hard to decide what you should throw out. Ask a straight-talking friend or family member to help with an unbiased second opinion on tough decisions-like whether your bookcase or king-sized bed is way too big for your new digs.

Once you’ve rounded up everything you won’t be taking, have a garage sale. You’ll feel less guilty about parting with so much, and you can make a surprising amount of money to help with moving expenses.

Trying to dispose of all the items you can’t sell can be overwhelming. Hiring a pickup service for junk removal or to take to a charity can be well worth the expense.

Wait and Save: We Still Believe in Homeownership

Do you dream of owning a home someday? If so, you’re not alone. The desire to put down roots and invest in a home is a common one.

And this dream is still strong across North America. The problem is, many can’t afford it.

To many, the dream seems elusive as a result of the significant cost not just of purchasing a home but also in carrying it. Many who would like to and can pursue the dream never will due to fears associated with the lack of affordability (“Will I be in over my head?” “Will I lose money?”).

Affordability is a concern

According to the RBC 2017 Home Ownership Poll, 80% of Canadians believe homeownership is a good investment.

However, only 25% plan to purchase a home this year. Why the discrepancy? Considering the average Canadian home price has climbed over the $500,000 mark, it’s understandable why many won’t find home-buying affordable just yet. And “yet” is the key word. For many, their plans to own a home someday have not changed. They’re simply delayed. For example, nearly 40% of Canadian millennials plan to buy a home in the next two years.

As some Canadians put their home-buying plans on hold, they cite three main reasons for the delay. More than half of those participating in the RBC poll believe that housing prices may come down. Others are uncertain about the state of the economy and also express concern that carrying costs continue to increase.

How are they dealing with it? As RBC vice president Nicole Wells suggests: “For many Canadians, buying a home is a financial and personal milestone – often the biggest investment one will make.

“In today’s market, the best advice is to start with understanding exactly how much you can afford, and focus on your wants and needs ahead of starting the house hunt. … Knowledge and education are key.”

Home Hungry: Why Not Co-Own a Home with a Co-Stranger?

Not unlike speed dating, the goal of a recent Toronto meet and greet was to discover a soul mate. Only the objective here was to find a soul mate with whom to buy a house. For many living in expensive urban centres, it might be the only way they’ll ever become homeowners.

Co-ownership of property has been around for years. However, with the housing price increases in some areas of the country, it appears to present a viable solution to home-hungry Canadians, particularly millennial wannabe-homeowners used to sharing.

That’s because you and your co-owner will jointly own a property purchased together. And you may or may not be friends or even acquaintances; these days many are looking to go halvsies with complete strangers.

At the Toronto meeting, a number of wishful homeowners “speed-interviewed” each other, hoping to find a compatible stranger. But even if the homeowner vibe is right, don’t go blindly into mutual homeownership without knowing the risks. As real estate lawyer Lauren Blumas told the CBC, it’s important that co-purchasers sign a legally binding agreement before they buy.

This agreement should detail the percentage of the property each individual owns, as well as the responsibility each has for maintenance and repairs. Also necessary is a resolution mechanism in case the co-owners decide to go their separate ways.

Says Blumas: “(The agreement) would … force you to sit down and think about how you want to structure your arrangement and then formalize it.”

Not to mention to decide if it’s worth the risk.