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Archive for the ‘Home Renovations’ Category

National survey confirms now is a good time to buy a home.

Wednesday, July 1st, 2009 by Dan Cooper

signs

If anyone was wondering about the state of real estate today, the answer may very well be found in a recent consumer survey by Canadian Mortgage and Housing Corporation. The survey, released in early June, provides the most positive outlook we’ve seen in months.

The CMHC’s survey indicates that 90 per cent of recent home purchasers across Canada believe that home ownership is a good long-term investment and that almost 70 per cent think that NOW is a good time to buy.

The survey results also indicate that recent purchasers are knowledgeable about the mortgage process and their lender’s assessment of eligibility. For example, 86 per cent are of the view that the level of total housing and other monthly payments should generally not exceed 40 per cent of gross household income, which is in line with generally accepted mortgage practices. That means most people have peace of mind that they can obtain a mortgage with the confidence that they will not be over extended – an important consideration given the recent economic climate.

The survey shows that recent purchasers are prudent mortgage managers. According to the survey, 75 per cent of respondents have a goal to be mortgage free sooner than their original amortization. In fact, according to CHMC, 20 per cent of recent home purchasers report having made a lump sum payment to their mortgage.

According to Diane Finley, Minister of Human Resources and Skills Development Canada and the Minister responsible for CMHC, “CMHC’s 2009 mortgage consumer survey results … indicate that Canadians feel positive about Canada’s housing market. As well, Canada’s Economic Action Plan’s home purchase and renovation incentives, and CMHC’s recent outreach campaign to help Canadians who may be facing difficulties with their mortgage payment, are clear actions to support homeowners and the housing market.”

Existing government incentives coupled with low mortgage rates make this an ideal time to jump into the housing market either as a first-time buyer, as a move-up buyer or to downsize. Your dream home may never be as attainable as it is today.

Dan Cooper is an award winning Broker with Royal LePage Real Estate Services Ltd., Brokerage. He can be reached at 905.338.3737 or direct line at 905.849.3303. For more information about Dan and his team please see his innovative website DanCooperTV.com, or be sure to catch the Dan Cooper Real Estate Education Series on DailyWebTV.com. For a free copy of his Guide to Oakville Real Estate or his booklet How To Sell Your House For Top Dollar, please call the Dan Cooper office.

Redesigning your kitchen

Wednesday, March 4th, 2009 by Dan Cooper

When it comes to designing your kitchen, it is important to have a clear idea of what you want your kitchen to look like. You need to know what type of features you want to include and how you’d like to utilize your space. It’s important to sit down and think about how you like to work in the kitchen and also about how your family uses the kitchen. Think about all the things that have annoyed you in your own and other kitchens, then think about all the things you loved. These things can make up a list of do’s and don’ts that will make your design choices easier. Many people consider the kitchen to be the heart of every home. As a fair amount of time is spent in the kitchen, you will want to spend some time considering its layout.

Leading kitchen designers think of the kitchen in terms of work centres. By thinking of your kitchen in terms of work centres, it will be easier to plan the layout. The four main work centres you want to consider are: cooking, clean-up, food storage, and food preparation.

A work centre for recycling and a work centre that incorporates an office are two new popular choices in kitchen design you may want to consider.

The cooking work centre includes your oven, stove, top/range, microwave, other cooking appliances, and storage space for cookware. In an efficient kitchen, the cooking centre is located in close proximity to the other four centres in a way that facilitates ease and use.

The clean-up centre is made up of your sink, dishwasher, and waste container. The use of an island or lots of counter top space between other work centres can provide for an excellent food preparation centre. Five feet of counter or island space is ideal for food preparation. As for the food storage work centre, it’s advisable to place your pantry cupboards near your fridge to save time in unloading groceries and preparing meals.

The addition of a special pull-out bin or cabinet easily adds a recycling centre to your kitchen. Today’s busy families often like to take advantage of having some office space in their kitchen. The most popular items in the office work centre are a telephone, built-in desk, and a computer. This work centre allows you to get some work done, jot down a recipe, return calls, write a letter or pay the bills while you keep an eye on dinner. Including an office centre complicates things a little as it should be away from the food preparation, cooking, and clean-up areas.

Once you have decided on the layout of your kitchen, you can move onto design choices like appliances, colour schemes, and cabinet selections. Keep in mind that you will need to consider which large appliance you want to include and whether they will be built-in or free standing units during the layout stage. Appliances aside, there are two main areas of consideration in this stage of kitchen design — appearance and utility.

Your kitchen is a reflection of you and so it will have a certain feel and appearance. You may have a particular impression you want to make and the wide range of cabinet styles and colours can combine to make a kitchen that is uniquely yours. However, beauty if only skin or “counter” deep and you need to consider utility as well.

There are a number of options that maintain appearances while maximizing utility. Some of the most common are: cabinets with decorative glass inserts, wine racks, mug racks, roll-out drawers, microwave cabinets, and appliance garages. An appliance garage that conveniently stores small appliances is something you might want to consider if you like to have clear counter tops. There are a wide range of options that allow you to design your kitchen to suite your needs.

Dan Cooper is an award-winning associate broker with Royal LePage Real Estate Services Ltd. Dan can be reached at 905-338-3737, direct line at 849-3360