• Dec2017

    Types of Houses

    December 31, 2017

    Types of Houses:

    There are various types of properties you can buy in Canada. In each case, you are responsible for making the mortgage payments as well as paying the bills for your specific unit (for example, property taxes and utilities such as electricity, gas, water, etc). Bylaws are local municipal rules and regulations that vary across Canada. You are responsible for following these bylaws in the care and maintenance of your property. Below is a list of several housing types.

    Condominiums

    Condominiums are a form of ownership that can apply to almost all types of housing. While condominiums are generally found in apartment buildings, other types of properties, for example, townhouses, may also have a condo ownership model. You own the unit, or “condo”, but you do not own the land it is built on or any common space outside your unit. You are charged monthly “condo fees” to maintain indoor and outdoor common areas shared by the condo owners, including parking areas, elevators, carpets, front entrances, and any recreation facilities. These monthly fees can vary widely and are in addition to your mortgage payments.

    Each condominium property has rules the owners of each unit must follow. Condo owners form a “condo corporation,” or members association, and elect members to their Board. This condo corporation’s committee members or Board meet to decide on issues related to the building and its unit owners, for example, whether or not the units can be rented out to non-members and if pets are welcome.

    Image result for what is condominium toronto

    Detached House

    This is a house that stands on its own. It is often referred to as a ‘detached’ home and tends to be the most expensive type of home to purchase due to the land costs. You own both the house and the land it is on. When your house needs repair or maintenance, you must pay for it yourself. House owners must also pay the monthly bills for water and heat, as well as their other bills (like telephone and cable television). Owners are free to make changes to their house, inside and out, but they must obey local bylaws and apply for renovation and building permits when necessary. Single houses appeal to a wide array of people, including families with children and generally provide more space and privacy than other unit types.

    Image result for what is detached homes toronto

    Townhouse

    A townhouse is a unit in a row of other units that look like houses, attached to each other. In each unit, you share a wall on either side with the people who live beside you. Often, especially in cities, there may also be a smaller unit above each townhouse, so there could also be someone living above you or below you. Townhouses (sometimes called row houses) are usually 2 or 3 levels tall (each level is called a ‘storey’). There are also stacked townhouses (3 Stories).

    Image result for what is townhouses toronto

    Semi-detached House

    This is a home joined to another on one side. Owners are only responsible for the care and maintenance of their own side, just like a detached house. Owners of semi-detached homes own their side of the property, including the land it is on, and are responsible for its care and maintenance, according to local bylaws. Semi-detached houses appeal to people who want to own their own house as well as the land it is on. Semi-detached houses are usually less expensive than fully detached houses, although, like all real estate, this depends on the area.

    Image result for what is semi detached homes toronto

    Duplex/Triplex

    A duplex/triplex is a building that is divided into multiple units. Like semi-detached houses, each household has its separate entrance and is responsible for the care of its own unit. Typically, you would buy the entire property and rent a unit to help offset your mortgage payments. Types of homes that are ‘duplexed’ or divided into two or more separate living units may be detached homes, semi-detached or even row houses.

     

    Sources: http://homeownership.ca/new-to-canada/types-of-housing/

     

  • Thermostats

    December 20, 2017

    • Conventional thermostats regulate temperature by trying to maintain one set temperature. When the temperature inside a building is above this set number the furnace turns off and when it is below, the thermostat turns the furnace on.
    • Set-back thermostats contain an electronic clock that allows the furnace to be automatically turned on or off at a certain time of day. It can lower the temperature at night, when you’re sleeping or during the day when you’re out of the house.  It can also be programmed to turn on the furnace before one awakes or returns home from work.
    • The same principals apply in reverse for the summer time use of the set-forward thermostat. In this case, temperatures are allowed to increase at times when people are not at home.
    • Research produced by the Canadian Centre for Housing Technology shows that the use of a set-back thermostat during the winter would result in energy savings ranging from five to fifteen percent.

    Disclaimer:Each office is independently owned and operated. Not intended to solicit properties listed for sale or buyers under contract. All information contained herein is from third parties. HomeLife Realty Services Inc. makes no warranty of the accuracy or fitness for a particular purpose of any information and expressly disclaims all warranties and liabilities relating to said information.

  • Nov2017
  • Are you a senior or someone living with a permanent disability? If so, the City of Brampton can help cover the cost of hiring someone to clear your snow. If you qualify, you can receive up to $200 for a non-corner lot, or $300 for a corner lot with sidewalks on two sides (If neither one is cleaned by the City).

    Visit www.brampton.ca/snowgrant to learn more and find.

  • Oct2017

    Tarion Checklist

    October 11, 2017

    Here’s a great checklist Tarion has provided for your Pre-Delivery Inspection. If lists everything in your home so you don’t forget anything but don’t stress out about the inspection because Tarion gives you 30 days to look over your home once you move in. Some of the items listed in this article are heating, mechanical, electrical, plumbing, doors, windows, kitchen etc.

    http://www.tarion.com/New-Home-Buyers/Your-Pre-Delivery-Inspection/Pages/PDI-Check-List.aspx

  • Sep2017

    We all know that searching for and viewing potential homes is the fun part of the home-buying process. The not-so-fun part? The mortgage.
    But if you don’t pay attention to the details, your mortgage can end up dragging down the enjoyment of your new home and cause some major regrets. Here are a few mistakes to avoid to ensure that you love your mortgage terms as much as your hew home.

    Don’t find your home first: Shopping around for the best mortgage rate should be the first step in the home buying process. You may even want to talk to a mortgage broker a full year before you plan to buy. It’ll give you time to get your affairs in order to qualify for the best rate, could save you thousands of dollars in the long run, and you won’t feel rushed to accept an unattractive loan because you’re worried you’ll miss out on your dream home.

    Don’t forget your real budget: There’s often a big difference between what a lender says you can afford and what you can actually afford. Your debt-to-income ratio doesn’t include the money you spend on hobbies, or the cost of commuting to work, or maintenance and utility costs. Really sit down and examine your spending before committing to the loan amount the lender is offering. You won’t enjoy your home nearly as much if it’s eating into your favorite hobbies.

  • Mar2017

    Blog Post Title

    March 8, 2017

    What goes into a blog post? Helpful, industry-specific content that: 1) gives readers a useful takeaway, and 2) shows you’re an industry expert.

    Use your company’s blog posts to opine on current industry topics, humanize your company, and show how your products and services can help people.

  • Aug2016

    What Is An Appraisal?

    August 16, 2016

    The Real Estate market is a key building block for Canadian Economic and affects all segments of the business, society and consumers.

    If you’re selling your home and you’re not sure what an appraisal is, you first need to understand this common real estate term.

    “An appraisal is the neutral estimate of the true market value of a home.”

    An appraisal is required anytime a borrower is going to be getting financing from a mortgage broker or lender in order to purchase a property.  An appraisal serves as a safeguard for the lender who is funding the money as it ensures that a borrower is not paying more for a property than it’s truly worth, which protects the lender from over funding.

    You can contact me anytime before selling your home. I will give you free estate value for your home and will suggest key points for selling home.

    Thanks for reading this article.

  • Jun2014

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  • www.alinkpost.com

    June 26, 2014

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