real estate strategy

  • 22 Mar
    Home Buyers’ Tax Credit

    Home Buyers’ Tax Credit

    Purchasing a home is not only a crucial decision in your life, but also a major financial commitment. If are planning on purchasing your first home, you may be eligible to take advantage of the First-Time Home Buyers’ Tax Credit provided by the Economic Action plan.

    The HBTC assists first-time home buyers with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes, which are a particular burden for first-time home buyers, who must also save for a down payment.

    You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2013, if both of the following apply:

    • you or your spouse or common-law partner acquired a qualifying home; and
    • you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).

    For more information, please read the First-Time Home Buyers’ Tax Credit initiative and visit the CRA website.

  • 10 Jan
    What is Home Staging?

    What is Home Staging?

    Home Staging is not just an art of preparing and redecorating a home for sale, it is also a proven real estate strategy. Staging a home can have a significant impact on the appeal of your home and increase its market value. If done wisely, it can turn a cold looking property into a warm and inviting home in the potential buyer’s mind.

    Home staging Tips

    Studies have shown that most buyers make a decision about a house within minutes of walking in the door. Here are some simple tips to make the most effective first impression:

    • Make sure your home is spotlessly clean and eliminate unpleasant pet or food odours.
    • Keep all curtains and blinds open and turn on the lights.
    • Put fresh flowers in principal rooms.
    • Add a new shower curtain, fresh towels and new guest soaps to every bath.
    • Take one or two major pieces of furniture out of every room to create a sense of spaciousness.
    • Items that do not enhance the decor of the room should be put away or stored off-site.
    • Depersonalize the rooms by putting away family photos, mementos and distinctive artwork.
    • Don’t leave any rooms empty, rent some furniture if necessary.
    • Remove any clutter from the the kitchen counter top.
    • Maintain neat and tidy closets. Storage areas need to look clean and organized.
    • Apply neutral tones if you need to repaint walls or replace carpets.
    • If necessary re-grout the tiles in the kitchen and bathrooms. It can make a big difference.
    • The basement should be dry and clean. Use shelves or cabinets to store your materials.
    • Move your lawn and put away toys and yard equipment.

    Creating a positive first impression is crucial when selling your home. A staged home stands out from the competition, maximizes the selling price and sells faster!