You’ve decided to buy your very first home in 2017. You’re about to start looking for houses on the market. Let’s review your decision to ensure that you’re in fact ready for this step.[……]
Do you want to add a fireplace to your interior? We can already guess what your first question is: “Where do I start?” You may be good with your hands, but building a fireplace is not the same as renovating a hardwood floor or building a wall. Not many handymen can boast that they built a fireplace in their home.
If you’re looking for a guide to build or renovate a fireplace, Marie-Pierre Dubois Petroff, architect by training, shows the steps to take in her book, La cheminée, plus de 120 réalisations.
From the beginning, she obligates you to ask the fundamental question. Do you want a central fireplace, a fireplace connected to the wall, one that is built-in or suspended? Or do you want to install it in a corner of the bedroom, the kitchen or the living room?[caption id="attachment_12862" align="aligncenter" width="580"] iStockphoto[/caption]
All these fireplaces have their have their decorative charm, but each one imposes its limits on renovators, due to their location and the structure of the building, especially if the idea is to add a fireplace in an existing room. Questions arise as to the evacuation of the smoke, the air intake, the heat radiation if the fireplace is more oriented towards heating than the spectacle of the burning flames.[……]
We know a father who had the bright idea of introducing his two sons to the stock market. The kids’ ages? About 12. Oh, that’s so young, you think! But the father knew exactly what he was doing.[caption id="attachment_558" align="alignright" width="383"] iStockphoto[/caption]
The two sons were paperboys for years. The father said: “Give me part of your savings, and I’ll explain the selection criteria for companies. We’ll make choices together. If you make a profit, you keep it. If you lose money, I’ll reimburse you.” The two sons had made a tidy sum of money by the time their dad told us the story. And that doesn’t include the priceless knowledge that they acquired.
Can we teach children that young about how mortgages work? Yes, says author Gail Vaz-Oxlade, although the ideal age is around 14. As soon as a child shows an interest in owning a property in the future is the time to take action. Make the learning process like a game: You become the lender and your child becomes the future owner. [……]