Thinkstockphoto

Buying your first home before 30

We used your questions and comments as inspiration to talk about 2 things that especially concern young adults when it comes to housing.      

  1. I’d like to buy a home within 5 years, should I make sure to pay off my student loan first?

No. In fact, accelerated repayment is rarely advantageous because student loans are generally amortized over 10 years, the rate is low, and interest is tax deductible.

The debt you should prioritize is consumer debt (credit cards, lines of credit, personal loans, etc.). You can reconcile your big plans with debt repayment: Follow the guide.

Continue reading

Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInEmail this to someonePrint this page
iStock

The Promise to Purchase for Condominiums

As for any single home, you will have to write a promise to purchase to acquire the condo you wish to buy. Although the content of both forms is similar, the promise to purchase for condominiums includes some particularities. It is in your best interest to know them well.

In the case of a divided co-ownership property, the promise to purchase includes:

  • the cadastral description of your private portion;
  • if the parking lot and storage space are also private portions;
  • the cadastral designations of the parking lot and storage space;
  • the share and cadastral description of the common portions; and,
  • whether the parking lot and storage space are private portions, common portions for restricted use or other; and,
  • the area of the condo’s private portion described in the certificate of location.

Continue reading

Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInEmail this to someonePrint this page
iStock

How Important Is Your Home’s Exterior?

Spring is fast approaching. That means many buyers will be looking for their desired home. Sellers, on the other hand, will try to make their property look as alluring as possible. Where to start? With the exterior, of course.

Most sellers will instinctively renovate their home’s interior. However, the buyer’s first visual contact is with the exterior, either directly or through pictures on social media sites.

Most buyers will contact the seller or their real estate broker if they see a picture of a property they like. If the facade and landscaping are unattractive, the buyer may move to the next picture, unless the pictures inside are incredible. If the buyer is physically facing the house, he or she will keep on going and move on to the next property. Continue reading

Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInEmail this to someonePrint this page

New Trend: Glass Gardens

They are known as green terrariums, but their more elegant name is glass gardens. They are absolutely beautiful. Apart from being extremely decorative, they also permit you to admire the wonders of nature every day inside your very home.

The idea is to grow plants under a glass container from a substrate: soil, sand or gravel. The most ambitious people will choose a micro garden, a soothing landscape or even a real miniature forest.

iStock
iStock

While some floral creations are as modest as Japanese culture arrangements, like bonsai trees, others are more extravagant. They are full of shapes and colours.

Continue reading

Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInEmail this to someonePrint this page

Wallpaper Installation

The beauty of wallpaper is that no special skills are needed to install it. Although some wall coverings are more difficult to hang than others, you will need to follow these basic guidelines.

Vinyl wallpaper is the easiest to install. Embossed (or textured) wall coverings and metallic wallpaper are more difficult. Especially the metallic ones, which can be extremely frustrating to install for some.

iStock
iStock

The traditional wallpaper is somewhere in between.

You can install wallpaper in every room. However, thick vinyl wallpaper is usually best hung in the kitchen and in the bathroom. Vinyl does not trap dust mites and is resistant to mold and mildew. Note that some traditional wall coverings are more resistant than others. Some materials are preferable in humid conditions. Continue reading

Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInEmail this to someonePrint this page

Articles on home financing, home decor & renovations