DOWN-SIZE TO SAVE DOLLARS AND SIMPLIFY YOUR LIFESTYLE

There are many reasons home owners may decide to downsize; retirement, empty-nesters (the kids have finally flown the coop:), or those joining the ranks of a growing number of hard-working, money-smart homeowners who just want to simplify their lives. For these individuals, downsizing is a savvy strategy that makes a lot of financial sense.

Downsizing is a huge financial and emotional decision, one that should include a lot of thought and careful future planning before you put the for-sale sign on your lawn. It’s a huge decision, but down-sizing doesn’t have to mean giving up your lifestyle. In fact, when done right, you can end up with an even better quality of life, with time to enjoy other pursuits: family vacations, hobbies, grandchildren and new interests (take up that painting or yoga class, or climb that mountain you’ve always dreamt about). It also makes sense that downsizing means reducing expenses, which can now be used for other endeavors.

Timing is everything when you are contemplating downsizing. There are a lot of moving parts to consider in addition to your new lifestyle goals. Current Fort McMurray housing values, the ever-evolving real estate market and interest rates are all important factors that one of our Lore Group Realtors can discuss with you to help you plan. Downsizing out of Fort McMurray?? We have many great connections with experienced professionals in other communities Canada Wide, that can assist you with your home search and help make the move seamless.

There are a few simple steps that will help you move toward your goal of living smaller and living well.

1. Take stock of what you really need by looking at how you live your daily life.
2. Declutter your home by focusing on your new life and what you need to take with you. Sell, donate or gift items in your home and closets that you don’t use. Chances are if you haven’t used something in years you just don’t need it (except grandma’s china, and maybe your platform shoes-that will come back in style for sure!) Think of downsizing your things as a process not a race. Enlist support from family and friends.
3. Think about the activities that are already a part of your daily routine and lifestyle, and those you’d like to add to your life, when consideration what type of home and the location you will move to. Do you enjoy outdoor activities, the foodie scene? Are you attending school?
4. Transportation: Are you downsizing the number of vehicles you currently own, would living near public transportation be important to you? How many parking stalls or how large of a garage will your new scaled down lifestyle require?
5. Prepare for selling Your Home:What do you need to do to get the highest possible price (painting, repairs, yard care, staging, other)? What is the right price for your home and why? How long will it take to sell your home, and when it the best time to list it? This is the perfect time to request a complimentary market evaluation from an experienced Lore Group Realtor who can answer all these questions. Don’t be afraid to do this well in advance of your lifestyle change. It is never too early to plan and get the information you need.
6. Start you search for a new home early: While there are certainly many online options available to you to for your home search, there is no substitution for talking with a knowledgeableLore Group Real Estate Agent and touring houses yourself. This is the fun part!
7. Crunch the numbers:  Don’t forget to factor in the selling and buying costs. Include items such as mortgage fees, legal fees, commissions, moving costs, title insurance, rpr and the like. Ask your Lore Group Realtor to review closing costs with you to help keep you on the straight and narrow financially. Inquire with us how you can reduce your moving costs by using the Coldwell Banker Fort McMurray moving truck for free.
8. Maintain a positive outlook: Downsizing your lifestyle and moving can be stressful. Be kind to yourself, take breaks from the packing and planning and enjoy.

There is no one-size fits all lifestyle. Down-sizing (just like up-sizing) is not the right choice for everyone! If you love your home and all the memories it holds, or you need the space that your larger home or yard affords, you may decide to stay- And that’s okay!

Report the Sale of Your Principal Residence

If you sell your home, it will need to be reported on your personal income tax return.

CRA will charge a penalty of $100 per month
to a maximum of $8,000, if not reported

In the past, you were not required to report anything if you sold a home that was designated as your principal residence and the gain was fully exempt. Although the gain is still exempt from tax, CRA has changed its policy. This means that if you sell your home, it now needs to be reported on Schedule 3 of you 2017 personal income tax return.

The following information must be reported:

• Year of acquisition
• Description of the property
• Original purchase price
• Sale price (proceeds)
• Costs associated with the sale

WHY MOBILE HOME OWNERSHIP MAY BE A GREAT OPTION FOR YOU

The Lore Group is often asked by purchasers if buying a mobile home is a good investment. Here are a few points we think purchasers should consider:

YOU WON’T BREAK THE BANK WHEN PURCHASING A MOBILE
Many people view home ownership as an unattainable dream. When purchasing a mobile home, you get to enjoy the perks of home ownership without the often higher financial cost of a traditional single family home. In this regard, mobile homes can make homeownership easier to achieve. And since mobile homes usually cost less per square foot than a stick built home, you can get more space and amenities for your money. Mobile homes can be purchased new or used, with used homes often offering even greater savings. The money saved affords a buyer much more freedom to experience all that life has to offer.

LOCATION, LOCATION, LOCATION
The negative stereotype of mobile home parks couldn’t be further from the truth. Most Fort McMurray mobile home communities are gorgeous! Check out areas such as Morgan Heights, Westborough Heights & Cartier Park in Timberlea. Newly rebuild areas in Beaconhill and Waterways offer both resale and brand new homes built with the most up to date energy efficiency packages. These beautiful neighbourhoods feature parks, playgrounds, waterparks and are close to schools and amenities.

QUALITY, SAFETY & ENERGY EFFICIENCY
Modern mobile homes are built in controlled environments by professional tradesmen. This means they can be consistently built to a high standard.
Many of the well-known mobile home builders are well-regarded throughout the industry for creating excellent homes, solidly built to exacting standards that address every aspect of the home; heating, plumbing, air conditioning, thermal and electrical systems, structural design, construction, fire safety & energy efficiency. Inspectors ensure that all standards are met, along every step of the way, from design, to construction to assembly. Recent technology has driven design forward and further improved the quality of Mobile Homes in a streamlined, proficient way that makes this type of housing affordable, safe, custom and environmentally sustainable.

ENJOY YOUR OWN PRIVATE YARD
For those with a love of gardening or family gatherings around the fire pit, mobile home ownership may be a perfect fit. Mobile homes in Fort McMurray have the added benefit of their own private and spacious yards. Safe and fun space for your children and pets to play, in many cases without restrictions often imposed by conventional condominium life, many lots feature generous privately owned parking and room to store all those toys.Fort McMurray offers both bareland condominium, and non condominium neighbourhoods. It’s important in any neighbourhood to become familiar with any rules and restrictions when determining if it’s the right place for you to set roots.

EMBRACE YOUR FREEDOM
There are so many different types and configurations of mobile homes, you can embrace this freedom and choose a home layout and décor that suits your lifestyle and personal taste. With mobile home lots now available to purchase at a reasonable cost, you can choose and customize your own brand new home! The most desired features of site built homes including bathrooms with whirlpools, walk-in closets, bay windows, fireplaces and fully-equipped kitchens with top of the line appliances. On the outside, you can choose your siding material and even build features like patios, decks, awnings, out buildings and fire pits, and in some cases yards are large enough for a garage. You can personalize…upgrade, paint, or completely remodel anytime you want. An added benefit to mobile home ownership is no overly close neighbor’s. While it is nice to get to know your neighbors, it’s also nice to have your own privacy. Unlike apartments, when you live in a mobile home you don’t share walls or a yard with your neighbors.

RESALE VALUE
The Real Estate market in Fort McMurray has not been without its changes in the past few years. It may interest a purchaser to know that on a percentage basis mobile homes have retained the strongest values year over year in 2017.
Research, Research, Research
All things considered, when buying a new home is there any reason not to go the Mobile Home route? Whether you are a first-time home buyer, looking for a change from apartment life or making the transition from a traditional single family home the process can be daunting. With so many mobile home sizes, designs and locations to choose from, the options are seemingly endless. A Lore Group Realtor would be pleased to assist you with the research required to find you the perfect home in a location you will love.

THINKING OF SELLING YOUR MOBILE HOME??

If you are considering selling your Fort McMurray home and would like a FREE MARKET EVALUATION feel free to contact Micheal Cammock, Jamie Hewat, Tristan Parker or Susan Lore to find out how much your home is worth in today’s market and how The Lore Group, Coldwell Banker Fort McMurray, can help you.

WHY BUYING A HOME DURING THE WINTER MONTHS CAN BE A SMART MOVE.

Winter is usually when people are looking to deck their own halls—not buy new ones. But buying a Fort McMurray home in November, December and January can have some big advantages.

While the cold, snow and short days may tempt you to hunker down and stay inside, winter could be a perfect time to find the home of your dreams for a great deal. Here are a few reasons why:

 REAL ESTATE SALES COOL DOWN

Traditionally during the winter there are fewer homes on the Fort McMurray market. As the weather cools, so does the Fort McMurray Real Estate market and many people wait to buy or sell until warmer weather hits. This means there are fewer buyers to compete with. It is simple economics-less buyers means lower demand, this can work in your favour and increase the odds that you find a house that ends up being a perfect fit. As things slow down, sellers and their properties get less action and this may make them more eager to work with you.

SKIP THE FORT MCMURRAY PEAK REAL ESTATE SEASON

Prices are normally at their highest during the spring and early summer months. Inventory rises, but there are a lot more buyers competing for properties and sometimes multiple offers. The laws of supply and demand are always a factor in Real Estate. This year due to the Fort McMurray wildfire rebuild, there are many awesome new homes coming to market for you to choose from.

SELLERS ARE MOTIVATED

Winter may not the ideal time for some to sell so sellers with properties in the market can sometimes be highly motivated by something urgent or time sensitive such as a new job, growing family or pending retirement. A winter sell can be a good indication of a seller’s motivation. For many people, it’s emotional. The end of the year brings closure and they want to tie up loose ends. Many sellers will want to get the deal closed.

NOTICE HOW A HOME WORKS IN HARSH WEATHER

Fort McMurray is known for long cold winters and brisk warming trends offering respite and fluctuations that will test the ability of a home to insulate and protect its residents. Serious problems are more likely to be detected such as drafty or frosted windows and doors, heating, plumbing, ice damning, roof and gutters issues. Winter is the ultimate litmus test of a home and most of its systems. This information is vitally important and can be useful when establishing price.

TAX MOTIVATIONS FOR WINTER BUYERS AND SELLERS

Year end is coming and many investors and corporations can take advantage of buying or selling properties to improve their tax situation. This could work to your advantage as timing is everything.

 MORTGAGE RATES MAY RISE IN 2018

This is no small matter. Scotiabank’s out with a new prediction. The nation’s #3 mortgage lender says rising rates will cause average mortgage carrying costs for new buyers to jump 8% in 2018 and another 4% in 2019 (assuming stable home prices). Now is a great time to prequalify for a mortgage and lock in to get the best mortgage rate you can. Buying during winter, before rates have a chance to increase, is a clear winning strategy if you want to save extra money.

THE HOLIDAYS MAY MAKE EVERYONE A LITTLE BIT MERRIER

As friends and family gather, many are in good spirits you may just get a better price based on holiday cheer.

THE LORE GROUP REALTORS LOVE THIS TIME OF YEAR

Don’t let winter put the chill on your house hunting efforts. If you are interested in viewing property a Lore Group Real Estate professional would love to tour with you , and walk you through the home buying process. Put on those cozy winter boots, bundle up, pack a warm cup of cocoa to go and let’s get out there.

FOR A LIST OF AVAILABLE FORT MCMURRAY PROPERTIES CALL OR TEXT SUSAN LORE, MICHEAL CAMMOCK, JAMIE HEWAT, TRISTAN PARKER OR SHERYL SCOTT AT 780 370 3325

Don’t put off searching for a new office space until the last minute

Tenants seeking Commercial space in Fort McMurray under 5,000 square feet should start a search at least 6 months ahead of time. Allow ample time for your Real Estate professional to search for a space that fits your requirements. You will need time to perform due diligence, negotiate and draft the lease. In cases where the space requires build out or remodelling plan for additional time to work with planners, architects and construction crews, this can take up to a year.

For large spaces businesses, should begin the planning process at least a year prior to expiry of their current lease. The larger the tenant the more complex their business needs may be. Big corporations need to start earlier to allow time to find the best possible fit.

Put together a team of professionals

Don’t go it alone. Putting together a team of qualified professionals may be your most important task. Choose a local experienced, full time Fort McMurray commercial agent who can share market trends, demographics, provide research on comparable rents and knowledge about the various areas for consideration. Many businesses make the mistake of not engaging the services of a local leasing agent. A Fort McMurray Real Estate agent can find you the optimal location assist you with finding the perfect commercial or industrial property, negotiate favourable terms and craft an offer to lease that will help you save time and money. Engage the services of a commercial Real Estate lawyer to review the finer details of the lease. You may need to enlist the services of professionals such as an architect, inspectors, accountant, various trades and in the case of larger businesses a project manager to serve as a single point of contact. Your Fort McMurray Real Estate professional can assist you with assembling a team.

Know your budget

Budget is important. Research all the costs to operate a space and your business. Many businesses wind up over budget because they didn’t review all the costs. Consult with your financial institution, accountant and review your business plan. While budget is important be open minded in your property search. Don’t let the rate be your only consideration. Bear in mind corporate image, visibility, parking, and the utility of the space and other complimentary businesses in the area that might create great synergy. Taking into consideration items such as this can help boost your corporate image, retain employees and attract new business.

Do your homework

Evaluate the buildings mechanical infrastructure to determine if it meets your business needs. Inspect the space or building inclusive of mechanical, electrical, plumbing and HVAC to ensure it is in good working order before you commence the lease. Be certain all building safety codes are met and the proper permits are up to date for any development in the space. Double check with the RMWB on zoning and ensure that your use will be permitted so that you can obtain a business license. Many businesses have made the huge mistake of assuming zoning alone is enough to ensure a business license. If your business requires a heath inspection check ahead to ensure you can meet applicable standards. Carefully review hours of operation, parking regulations, elevator access, security details, property tax and operating expenses. Did you know that many Landlords charge additional operating costs for running HVAC after normal operating hours?? Be in the know and avoid unplanned for costs that can affect your businesses bottom line.

Measure, Measure, Measure

When leasing commercial space, as a tenant, you must be 100% sure of the amount of space you are paying for. Do not rely on the landlords plans alone. Don’t be afraid to require the Landlord to prove it with a BOMA certified drawing. It could be a costly mistake if you do not have the space properly measured by a space expert.

Negotiate 

No term is too small to negotiate. Ask for favourable clauses that will benefit you. Explore Landlord incentives such as tenant improvement allowances, rent free periods and moving allowances. Carefully review options such as the option to sublease, terminate, extend and expand. Negotiate items such as designated parking and after- hours operation. Plan ahead for the future growth of your business. Address caps and terms for operating costs, pass through charges and negotiate the right to independently audit any charges.

If you would like to learn more about leasing or are considering leasing a commercial space for your business and contact Susan Lore, The Lore Group, Coldwell Banker Fort McMurray or visit our website theloregroup.com to view a list of available properties.

Let have a look at the documents that will be required when buying a Fort McMurray home:

Working with a real estate agent

This is a brochure that is provided to both sellers and buyers at their first meeting with a realtor. Regulations have made it mandatory for real estate agents to explain their relationship with clients.

Following a discussion with the realtor, you will sign a statement on the brochure to acknowledge that the discussion took place. The signed statement doesn’t give you any obligation to the realtor.

Property Disclosure Statement (PDS)

The seller is legally bound to provide accurate information concerning the property put on sale. The information will include knowledge about the property, any upcoming expenses, defects that the owner is aware of and other assessments in strata-titles properties.

All this information is filled out by the seller on the Property Disclosure Statement form. All answers should be complete and correct to avoid liability on the seller. The buyer must make other inquiries to ensure that every aspect of the property is covered. The realtor is prohibited from filling out the PDS on behalf of the seller.

Exclusive Buyer’s Agency Contract

An exclusive buyer agency contract is signed by the buyer with their realtor. In the contract, the services that you will receive from the realtor will be outlined as well as the obligations of the buyer and realtor in the transaction.

Most listing contracts on the MLS provide compensation for the agent who obtains a buyer for the property. The realtor will demand that you have a written agreement regarding compensation.

The remuneration of the agent will be derived from the transaction and will be financed as part of the mortgage. The commitment between the client and realtor ensure better service and a wider selection of property to choose from.

Limited Dual Agency Agreement

The limited dual agency agreement is completed where the agent represents both the buyer and the seller in a single transaction. The agreement will provide authorization to the agent to present the two parties in a limited capacity while maintaining the confidences of the parties with regard to negotiating positions and personal information. The form is particularly used where two salespersons from the same company are handling a transaction.

Contract of Purchase and Sale

It is the standard contract that is signed by the sellers and the buyers. The contract of purchase and sale outlines all aspects of the transaction such as price, handling of existing tenants, terms and conditions, dates, the deposit and increases, inclusions and exclusions, and other legal matters such as matters added to the preprinted contract and added clauses.

Addendum

A special preprinted addendum is added to the basic sales contract if there is financing to be cleared from the title before the seller is able to provide clear title or where financing is required after the title is registered in the buyer’s name.

Addendum (without printed clause)

The basic blank addendum is used to include additional clauses to the contract where there is insufficient space on the contract. The buyer signs the form to indicate removal of the clause.

Amendment to Contract of Purchase and Sale

The document serves to remove conditions (subject removal) when they have been satisfied such as where the buyer must find financing by a specific date.

Leases

The lease is commonly used in commercial transactions as opposed to residential transactions. Some tenants and landlords will prefer to use the lease to guarantee the stability of tenure.

The commercial lease is a complex document that must be drawn by experts in the field and should be reviewed by lawyers of each party.

The residential lease is not entirely complex since it is simply an outline of rules and regulations in the building, the expectations of the owner and the tenant not captured in the Residential Tenancy Act.

Consult Fort McMurray Realtor or lawyer if you encounter challenges in drawing up and in the interpretation of specific clauses.

Mortgages

Mortgages come in different formats depending on the lending institution. A simplified form is used whereas the larger form is used where deviations occur. Buyers are advised to check if document reflects the contents or terms agreed to when signing the commitment letter. Check and confirm the interest rate, the amortization period, the assumably of the mortgage if the property is sold, the prepayment privilege, the options (if any) for increasing the number of payments or making lump sum payments, and the portability of the mortgage if the seller wishes to use it on another property.

If you are a seller who is carrying financing for a buyer of your property, ensure that your lawyer reviews the documents before signing them. If you are a buyer who is asking a seller to carry financing, ensure that your own lawyer reviews the documents as well. It will help to avoid serious issues that may arise where the parties are unfamiliar with mortgage financing laws.

Today marks the longest day of the year and the official start of summer here in Fort McMurray, and we know you’re all excited to enjoy the long, warm days. But if you’re trying to sell your Fort McMurray home this summer, you’ve probably got other things on your mind besides camping trips and BBQs.

Selling a home in the summer can be a tricky affair for exactly the same reasons most people love summer so much: it’s warm, we’ve got vacation plans on the brain, our kids are out of school, and buying real estate is often the last thing on people’s To Do list. Fort McMurray home sellers often have fewer showings when they put their home on the market in the summer, and it’s vitally important to make the most of the showings you do get. Buyers are out there looking, and if you want your home to get noticed you’ll need to spend some extra time getting your home – and your yard – in tip-top summer shape.

Outdoor Appeal

Curb appeal and outdoor spaces are never more important than during the summer months, and sellers should make sure they keep their front and back yards impeccable to capitalize on a home buyer’s natural inclination to notice these spaces more this season.

• Mow your lawns regular: at least once a week, and when the grass is growing fast twice a week is a must. Reseed and sod any patchy bits of lawn, and water regularly to ensure it stays a rich, health green colour.
• Trim any trees, bushes or shrubs to make sure they’re neat and tidy.
• Plant colourful flowers in gardens, boxes and hanging baskets. It’s summer time, and your yard planters should look the part and be in full bloom. Make sure you weed and water regularly.
• Decks and patios should be cleaned and looking their best. Use a power washer to get off must and caked-on dirt, and if your deck has been stained it might be time for a fresh coat. If you have patio furniture make sure it’s clean and appropriately sized for your space. Staging is just as important for outside spaces as it is for indoor ones!
• If you have a pet who roams your back yard, make sure you clean up after it regularly: the last thing you want is for one of your buyers to step in something your dog has left behind!

Indoor Details

Make sure the inside of your house looks great and is kept clean all the time: you don’t always get much warning when it comes to showings, so it’s best to be prepared and accommodating to anyone willing to view your home.

• Pay attention to the temperature and adjust accordingly. If it’s been hot and you don’t have air conditioning, you may need to bring out a few fans to keep the indoor temperature down. When it comes to fans, remember to turn them down just before you leave for a showing: a gentle breeze is fine, but a fan on high can be noisy and annoying to prospective buyers.
• Pack away all your winter boots and clothing. In the heart of summer, the last thing a prospective buyer wants to think about is winter!
• Fresh flowers add a lovely summer quality to your rooms. Make sure they’re colourful and in good condition: wilting flowers should be tossed immediately.
• Open the windows. Unless it’s raining, it’s better to keep air moving and prevent rooms from getting musty. Keep blinds up and window treatments pulled neatly back to showcase your home’s summer views. Keep your winds clean and free of fingerprints and streaks.

Time to Show

When it comes time for potential buyers to view your home, it’s important to make sure they feel comfortable and can focus on the task at hand: falling in love with your home!

• Leave your home while buyers are viewing to ensure they feel comfortable in the space and don’t feel like they’re being watched.
• Take your pets with you. Take your dog to the park or for a drive while your home is being shown. Your pet might be adorable and friendly, but it’s best if buyers don’t have to navigate around pets or worry about accidentally letting them escape while they’re viewing your property. If your cat or dog must be at home during the showing, crate them or put them in a closed room and leave a note letting the agent and buyers know there is a pet in the house and where it can be found.
• Provide cool beverages for prospective buyers. A jug of ice water or lemonade on particularly hot and muggy days is always greatly appreciated and leaves a positive impression.

Curb appeal and staging your Fort McMurray home for a showing is never more important than during the winter. Getting the details right can make the difference between a sale and another week of waiting in the slower winter market.

Providing a clear path from the street and driveway to your front door encourages potential buyers to visit the home and it also shows a standard that the current owner keeps for his home. Shovel the snow and scrape the ice.
Access is important, and the worst first impression is a driveway or sidewalk that’s still covered with snow: a snow-free walkway and drive gives the impression lots of prospective buyers have been looking for. Watch for icy spots and make sure to keep slick areas regularly salted or sanded. Ensure decks and pathways to sheds or garages are shoveled in case your prospective buyer would like to view the yard, deck, garage or shed.
Take down the Christmas decor after the holidays have passed. If you usually keep your lights up but off all year round, take them down this year. You’re selling anyway, so consider it a jump-start on packing! We do encourage clients to keep up any winter-themed decorations they have such as welcoming winter door wreaths or table centerpieces. Think seasonal touches rather than holiday ones.

Remember every agent and buyer that comes into your home will have thick winter jackets and snow-covered boots. Provide a convenient place to remove wet footwear and hang coats immediately when buyers enter your home: additional thoughtful touches include slippers, a basket for scarves and gloves, and a chair or bench to sit on when taking off or putting on boots. Buyers will appreciate you protecting the floor of their prospective investment.

Make sure your home is warm when you know your agent is scheduling showings. In particular be mindful of the temperature of your floors: cold hardwood or tiles on the feet is an immediate turn off. If you’re leaving town for the weekend while your agent is showing your home, make sure to keep the thermostat up: buyers who aren’t comfortable won’t stay long. Keeping the temperature low might mean savings on your utility bill but will affect your final selling price.

Encourage showings during daylight hours and keep your blinds and curtains open to showcase your home in natural light. Make sure your windows are spotlessly clean: the angles of winter sunlight highlight grim on glass. If you’re showing at night turn on every light so agents and buyers aren’t spending time looking for switches, and clean lamps and fixtures to make sure everything looks its best. Set up timers to turn outdoor and select indoor lights on when you aren’t home for prospective buyers doing drive-bys in the evening.

Create an inviting and cozy atmosphere and make your home a retreat from the cold weather. Turn on gas fireplaces and place warm throw-blankets on couches or chairs. Provide warm cocoa or fresh brewed coffee and tea. If you enjoy baking, the aroma of cookies complete with a plate of fresh baking to snack on can endear you to potential buyers and make your home a welcome haven from the sub-zero temperatures.

Selling a home during the winter months can be trying: the weather is cold and gloomy, daylight hours are in short supply, and there are less buyers looking. It’s important to remember, however, that even though you may have less showings when selling your home in the winter months, house hunters who are keen enough to brave the cold tend to be serious buyers.

Home renovations come in two flavours: either homeowners are upgrading homes they plan to live in and enjoy for years to come, or they’re thinking about selling and want to improve their home’s market value.

If you’re renovating to sell your Fort McMurray home, your primary focus should be the return on investment (ROI) of these enhancements. Any upgrades you make while planning to sell should always be done with the bottom line in mind: if major changes, repairs or renovations don’t result in a significantly higher selling price, then you may loose money in the end.

Paint

A fresh coat of paint can do wonders for a home’s resale value. Consider having your home painted just before you put it on the market and make sure not to forget the baseboards and trims.

It’s important to choose neutral colours when painting to sell; you may love bright orange or lime green, but when prospective buyers are walking through your rooms you want them to easily see their own life against the backdrop of your walls. What’s more, unusual colours or wild wallpaper may actually dissuade buyers and force you to lower your price since they will factor the cost of repainting when writing an offer.

Flooring

Hardwood flooring is extremely popular and becomes an instant selling feature of the home for most potential buyers, but beware expensive hardwood. New flooring does add value to your home, but you’ll barely break even if you pick high end floors or granite tile. Quality mid-grade hardwood in a medium tone at a reasonable price is the best option, but a nice, neutral coloured carpet or simple linoleum installed properly can also boost your resale price.

Kitchens & Bathrooms

Giving your kitchen or bathroom a face lift can definitely increase the value of your home, but be mindful of doing too much. Sometimes all it takes is new light fixtures, plates and updated hardware to make a big difference and get significant ROI. Before you tear apart your kitchen or gut your bathroom, bring a qualified Fort McMurray REALTOR® in for a consult: they can point you in the right direction and save you hundreds or even thousands of dollars by sharing which improvements will have the biggest impact.

Whatever renovations you choose to do, unless you have the expertise, don’t do them yourself: pay a professional. We’ve seen sellers accidentally lower the value of their home by trying to teach themselves how to tile or lay flooring. It doesn’t matter if the floor is new or the paint is fresh: buyers can spot poor craftsmanship a mile away, and if the work doesn’t measure up the price of redoing the work will ultimately hurt your bottom line, not theirs.

Remember: it’s important to do your homework when hiring professional tradesmen and contractors. Always check references and do price comparisons, even if you’ve been referred. Many people will instantly go with the most inexpensive option when it comes to contracted work, but if you’re hiring a professional it’s because you want a professional job done. Always call and speak to the references yourself and make your choice based on both price and quality.

The snow is melting, the sun is shining, and spring has finally sprung in Fort McMurray. If you’re planning on selling your home this spring you should know that curb appeal is never a more important factor than during the early spring months. Your home’s exterior and yard are the first things a prospective buyer sees, and you never get a second chance to make a first impression. A clean, well-kept yard with spring touches can make a huge difference when selling Fort McMurray real estate.

Spending just a little bit of time and money on your yard this time of year can make a big difference when it comes to how quickly your home will sell and how much you’ll get for it. Here are just a few ways you can give your Fort McMurray home for sale a spring facelift.

7 Ways to Get Your Home Ready for the Spring Fort McMurray Real Estate Market

Take down Christmas and winter-themed decorations

Any holiday or winter decor should come down ASAP if you’re trying to sell your home, including Christmas lights. Many people leave their lights up all year round even if they don’t turn them on: if you’re selling, this is the year to take everything down. You have to pack them anyway, right?

Spread the snow around

After a long winter of shovelling, most of us end up with snow piled high on certain parts of our lawns. Grab your shovel one last time to knock these piles down and spread the snow more evenly across the lawn. This will help those piles melt faster and prevent snow mould.

Get a jump on spring yard work

Get your spring yard work out of the way as early as possible. Pick up garbage and debris that has accumulated in the snow over the winter, and make sure your lawn is raked, fertilized and aerated as soon as possible. If you have active children who like to play outside, remember to keep your front and back yard clutter free. Find an unobtrusive place to store bikes, skateboards and other outdoor toys and equipment.

Wash siding and driveways

If your siding looks dirty, cleaning away months of grime can make a world of difference. Rent or borrow a power washer, or have professionals come and pressure clean your siding. Giving your driveways and sidewalks a good spray is also worthwhile: cleaning accumulated salt, oil spots and stains off your pavement can make your driveway look like new again.

Wash your windows

Nothing makes the the exterior — and interior — of your house shine better in the refreshing spring sunshine than crystal-clean window panes. Washing your windows inside and out can give your home a polished, well-kept look that attracts buyers.

Refresh decks and fences

While you’ve got that power washer out, give your deck and fences a good clean and, if needed, a fresh coat of paint or stain. A little bit of work goes a long way, and outdoor wood that looks well-cared for is an immediate draw.

Spring flowers

Nothing says spring better than blooming flowers, so get your flower beds cleaned and planted as soon as you can. If you’re worried about late frosts, plant in hanging baskets and movable pots that can be placed outside in the sun and easily brought in if temperatures drop.