SOLD! 246 Kenilworth Avenue – The Beaches

246 Kenilworth Ave has been purchased!

246 Kenilworth Ave - exterior

Our Buyers scooped up this beautiful Beaches home. We’re so excited for you to move in and call it home!

5 Things you can do today to increase your home’s value

Paint Supplies in a paint tray. 5 ways to increase your homes value

Start Rollin’

One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated. When selecting paint colours, keep in mind that light neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter’s tape, drop cloths and brushes. So buy a few gallons and get rollin’!

Get Dirty

The power of curb appeal is real. Keep your lawn looking good with regular mowing and clean-cut edging. Low-maintenance landscaping saves you money now and adds value when you sell. It’s no question that shrubs and colourful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you “think green.” Purchase plants that are native to our region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.

Garden tools leaning against a wall. 5 ways to increase your homes value
kitchen back splash being updated with white subway tiles. 5 ways to increase your homes value

Swap ‘em Out

Kitchen and washroom renovations can easily cost thousands, so focus on the smaller, more manageable projects. Consider painting your old cabinetry to instantly brighten the space. Replacing the hardware will also make your cabinets look newer and more modern. The backsplash is another design feature that resonates with buyers. When choosing tile, stick with neutral tones and an unfussy design — white subway tile is classic for a reason.

Set the Mood

Nothing kills a mood faster than bad lighting, and if you want to show your home in the best light you will have to do exactly that! A quick and affordable fix is to install light-control dimmers on switches. Not only does this add drama and ambiance in areas such as the dining room and bedrooms, it is also good for energy efficiency. Lighting is particularly important in the bathroom, where it should be warm and bright. Keep lighting even around mirrors to prevent unwanted shadows when you are shaving or applying makeup.

dimmer light switch. 5 ways to increase your homes value

Clean Up, Aisle 5

It seems obvious, but one of the most important things you can do to boost the value of your home is to clean it up. Remember that potential buyers want to see a blank canvas and picture themselves in it. Do a hardcore decluttering session and divide everything you truly don’t need or use into “donate,” “toss” and “sell” piles. With your “sell” items, throw a yard sale or post items on Kijiji to make some extra cash to fund your home improvement projects.

October 19th, 2018|Real Estate, ThurstonOlsen, Toronto|

Homegrown marijuana may have a real estate cost

Homegrown marijuana may seem like a good idea with legalization throughout Canada happening on October 17, 2018. Yes, it will be legal, but this doesn’t come without risk. Read on to see what the Globe and Mail has to say.

Homegrown Marijuana Plant Toronto

The national organization representing home appraisers is warning that growing cannabis at home will soon be legal, but it still comes with a risk.

The new law legalizing cannabis includes allowing Canadians to grow a maximum of four plants in their homes. Keith Lancastle, chief executive of the Appraisal Institute of Canada (AIC), is calling on the federal government to help educate homeowners on what he calls the dangers of growing at home.

“The challenge with cultivation of homegrown marijuana, is the ability of the plants themselves to get so large given the right amount of light and moisture,” Mr. Lancastle said. The impact of four cannabis plants is more akin to setting up a greenhouse for hothouse tomatoes, he says, than simply having four sizable houseplants. “Humidity is a byproduct of normal growth and it could well become an issue for the property. You either deal with moisture damage or potentially mould. If you had mould that ran amok … you hear the horror stories of people having to take houses right down to the studs and starting over again [for remediation] – although that would be an extreme case.”

Realtors, insurers, rental property owners and even some provinces have sounded off on the risks of homegrown marijuana in a residential spaces. Some have pressed for outright bans on the practice.

Alberta’s Boardwalk Communities, one of the province’s largest corporate landlords, recently banned not just growing but also smoking and even eating cannabis products in its apartments. The provinces of Manitoba and Quebec have included in their cannabis legislation provincial offences that would fine anyone who attempts to grow at home. The federal Minister of Justice, Jody Wilson-Raybould, has said the Liberal government would not take those provinces to court over their home-growing regulations, but said she couldn’t do anything about a private citizen choosing to contest those laws.

In Ontario, the cannabis bill introduced by the Progressive Conservative government focused on privatizing cannabis retailers, but it left aside the issue of homegrown marijuana.

“Our point of view is, let’s hit the pause button on legalizing grow-at-home operations until we have some foundational elements in place,” said Tim Hudak, president of the Ontario Real Estate Association and a former leader of the Ontario PC Party. Under Mr. Hudak, OREA has been lobbying hard to urge different levels of government to slow down the expansion of home cultivation until things such as home-inspector retraining and municipal registries for illegal grow operations can be increased.

He was unable to persuade the federal government to block tenants or owners in multi-residential buildings from home cultivation, but he hopes the Ontario government will join Manitoba and Quebec in an outright ban.

“There’s still a lack of clarity around how mortgages and insurance are going to work if you choose to grow marijuana in your home,” Mr. Hudak said. “And you can bet your bottom dollar that one of the first questions home buyers are going to ask, going forward, is if marijuana was grown in the home.”

Mr. Hudak also pointed to polling data from Nanos Research, which in a September, 2017, survey of 500 Ontarians found 60 per cent of respondents were “concerned” with the potential for property damage related to home-grown cannabis.

Mr. Lancastle says appraisers will have to tread a fine line in dealing with homes where cannabis is in cultivation. Appraisers are barred from sharing personal information about a homeowner discovered during a home inspection.

“The mere presence of marijuana could be considered private information and, therefore, should not be disclosed,” Mr. Lancastle said, citing directives the AIC has received from the Office of the Privacy Commissioner. There is one exception: “If there’s a detrimental condition – mould, water damage, so on and so forth – that is attributable to marijuana, it is acceptable to take a picture.”

One analogue for the kinds of personal or sensitive conditions appraisers would be able to report on might be a room with stripper poles or other acrobatic equipment.

“We’ve had situations where people have gone in and had trapezes and harnesses in the room and all sorts of toys,” said Mr. Lancastle. “If there’s a trapeze hanging from a joist and it’s clear it has caused buckling in the roof, that becomes something that’s a measurable adverse impact on the value, because there’s a cost associated with returning it to marketable condition.”

source: globe and mail

October 10th, 2018|Real Estate News|
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