Is buying a vacation property right for me?

6 questions to ask before making a move.

As the weather warms up, a cottage by the lake may sound appealing ― but is owning a second home right for you? If you’re looking to purchase a place, prices will vary greatly depending on where you’re searching.

There are several important factors to consider before purchasing a vacation home, so don’t let the allure of a lake breeze or the excitement of water sports keep you from thinking it through. First, ask yourself these six questions:[……]

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Like most renovation jobs, a patient and meticulous do-it-yourselfer will have no problem laying ceramic. In case of doubt, leave it to a professional. Redoing a ceramic floor or even a part of a wall is quite unpleasant. Here are a few guidelines to help you determine if you should do the work yourself.

  • Laying ceramic is not as easy as pouring a concrete floor or laying a carpet. Especially if the choice of tiles requires various cuts.
  • The range of required tools and instruments is impressive. You will need to rent or borrow them.
  • Remember, generally speaking, the ceramic used to cover a wall is different from floor ceramic, as it is much more fragile. However, there is model of ceramic that applies easily to the floor, the wall and even the work surface in the kitchen. Lastly, there is a model reserved exclusively for floors, which is the sturdiest of all ceramics. [……]

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Ceramic is as old as the world. It has been manufactured and used for thousands of years. The ancient Greeks and Romans were crazy about it. Ceramic is found in every corner of the world.

Clay is the first material used to manufacture ceramic. It is baked at very high temperatures. Clay is abundant in nature, even if manufacturers have been using it for ages. From this aspect, ceramic is definitely an ecological material.

On top of that, ceramic is extremely durable once it is placed on the floor or walls. It can last for almost half a century. And it requires little maintenance, which in itself is a distinguishing feature of a sustainable material.

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The surface of ceramic is often vitreous, which means that there is no risk of toxic substances spreading in the air of a home. Even better: more and more manufacturers are resorting to recycled material, such as glass, to manufacture ceramic.

Is ceramic ecological. Not quite.[……]

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We see it as outdated, obsolete, even tacky at times and yet each time it is reborn to become even fresher and richer. Ceramic never ceases to amaze us. It’s the phoenix of decorative materials.

We were originally seduced by the practical side of ceramic: shock resistant, watertight, not affected by changes in temperature, easy to wash, perfectly hygienic. It was the ideal material for the kitchen (floor and work space), the bathroom (floor and walls) and the vestibule (floor).

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Years have passed and designers have recognized the potential of ceramic in terms of aesthetics. They have embraced it enthusiastically. The days when ceramic was associated with being poor are long gone. Today, ceramic offers almost infinite possibilities when it comes to decorating.

Ceramic imitates natural stones, wood, marble and concrete. Sometimes the designs are quite surprising, such as snakeskin. This explains its astonishing ability to make a floor come alive. And even make it sophisticated. Ceramic comes in so many colours, textures and motifs that you have an abundance of choice.[……]

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When you see how home insurance has gone up in recent years, it can be tempting to downgrade your coverage or shop around for a better deal. There may be good reasons for premiums going up, but who doesn’t want to spend less on insurance? The good news is you can! Here are a few reasons why home insurance rates are on the rise, and 13 tips to help you pay less.

Why home insurance premiums are going up

There are several reasons why your premiums go up when you renew your home insurance.

  • Your insurance amount generally increases by a certain percentage at each renewal to cover inflation (the cost of materials and labour) as well as new purchases you’re likely to have made.
  • Payouts on home insurance claims are increasing at an alarming rate (up 20% between 2009 and 2013, and 300% since 1990).
  • Payouts for natural disasters have increased six-fold since the 1990s.

So the two main reasons are that there are more claims, and those claims are more and more costly.

“But I haven’t made a claim!” That’s true, but remember that home insurance is like group insurance. You pay to protect other people’s property as well as your own. The premiums that you and other policyholders pay are pooled to pay for any losses incurred, which tend to cost a lot more than your monthly premium.

As a result, the more claims there are, the more you have to pay.

If you have made a claim yourself, there’s a good chance that your insurance will go up at your next renewal. Insurance is there to cover you in case of a loss, but making a low-value claim is not always in your best interest.[……]

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ADVICE FROM DESJARDINS

Relocating for work or school? If you are moving to start a new job, run a business or study full-time at a post-secondary level, you may be eligible to deduct some of your moving expenses from your income taxes.

Eligibility rules are the same for both the Canada Revenue Agency and Revenu Québec. If you want to deduct moving expenses, your new home must put you at least 40 km closer to your workplace or school.

Expenses you can deduct:

  • moving company fees
  • rental fees for a truck or trailer
  • storage costs for your household belongings
  • food and lodging expenses for you and your family during the trip to your new home
  • the cost of selling your old home or cancelling your lease
  • the cost of upkeep for your old home if it remains vacant for a time despite reasonable efforts to sell (maximum $5,000)

[……]

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From the 60s to the 80s, everyone was rushing to install wall to wall carpeting. Decorative, warm, comfortable, sometimes soft, they had everything. Synthetic fibres proliferated on Quebec floors.

Faced with the accelerated degradation of the environment, ecologists pushed carpets out of our houses. There are many reasons. Carpets cause a great deal of pollution, from manufacturing to use. Carpets are not biodegradable, don’t last long, can barely be recycled, contain numerous toxic chemicals and are made of petroleum products.

Health professional have added their grain of salt with a concrete argument: carpets can be dangerous for your health. They attract everything that floats in the air: dust, chemical residues, mites, humidity and even outdoor waste that sticks to soles. They also contain volatile organic compounds (VOCs) and sometimes turn into germ nests. That was the end for carpets. We see less and less.

Hardliners have tried to group rugs with enemies of the environment, but in vain. Today, certain rugs are made entirely of recyclable materials.[……]

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