Posted on
November 1, 2023
by
Emma Co
Home sales may be on a temporary dip in Canada!
But guess what? Canadians haven't lost their dream of owning homes! According to a recent survey by Dye & Durham Corp., 10% are planning to make their buying and selling dreams come true within the next year.
If you're one of those aspiring buyers or sellers, I'm here to help!
Let's make your dreams a reality by finding that perfect space or orchestrating a smooth sale.
Emma Co PREC*
604.618.3888
emmaco.realty@gmail.com
vancouverprivatehomes.com
Building VALUE With Every Move
Posted on
October 31, 2023
by
Emma Co
Want to turn your home into a rental property?
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Use the following tips to do just that!
Get the right insurance
As soon as a tenant moves into your rental property, you assume certain risks and liabilities not covered by a typical homeownerâs insurance policy.
Get the right permits
You must acquire the right permits that prove the property meets these regulations.
Make repairs and upgrades
As with selling your house, the better it looks and functions, the more likely someone will want to rent it.
Set a competitive rental rate
You have to charge a monthly rental rate that covers the cost of your mortgage, property taxes and any other costs associated with the home.
Decide if being a landlord is right for you
You can hire a property management company to take over the landlord duties.
Find a good tenant
Take some time to educate yourself on fair housing laws.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 30, 2023
by
Emma Co
Thinking of investing in a rental property? Here are several tips to help you make a good choice of property.
1. Do a thorough search
You can hire a property consultant to search available rentals but try to do some of the searching yourself, so you learn the market well.
2. Location is everything
Look for a community with a quality school system and try to choose a property thatâs close to an abundance of work opportunities.
3. Pay attention to supply and demand
Check rental listings in a given area to determine the supply and demand ratio for rentals in that area.
4. Know the going rate for rent in the area
Find out what the going rate for rent is in the area youâre looking to buy.
5. Know what the future holds for the area
Be leery of condos and other mass rental properties on the horizon, however, as they may be stiff competition in the future.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 26, 2023
by
Emma Co
In September, the Metro Vancouver housing market experienced a slowdown in price gains compared to earlier in the year. This was due to a decrease in sales and a slight increase in the number of homes available for sale in the region.
The Real Estate Board of Greater Vancouver reported that residential home sales totaled 1,926, which was a 13.2% increase from the same month last year but still 26.3% below the 10-year average.
One reason for this slowdown is homeowners' reluctance to list their homes because of high mortgage rates. As a result, inventory levels remained low, causing prices to rise throughout the spring and summer months.
Let's chat! I would love to guide you through the ins and outs of the Vancouver real estate market.
Emma Co PREC*
604.618.3888
emmaco.realty@gmail.com
vancouverprivatehomes.com
Building VALUE With Every Move
Posted on
October 25, 2023
by
Emma Co
⨠With these clever tricks, you can add color to your home without having to paint the walls
ď¸ Here are five ways to take that drab color up a notch!
1. For the walls
Choose large art pieces that feature bold, bright colors.
2. Get creative with your furnishings
If browns, beiges, and whites abound in your rental, add a little color by bringing in colorful pieces of furniture.
3. For the windows
If youâre lucky enough to have a few big windows in your apartment, dress them up with colorful curtains or shades to bring in warmth and personality.
4. Accent pieces
Pillows, throws over the back of your couch, area rugs, etc. can add the punch of color your drab room is looking for.
5. Plants are your friends
Another great way to add color to an otherwise neutral rental is to bring in several plants.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 24, 2023
by
Emma Co
Check Out These Smart Ways To Increase Your Rental Income
1. Use The Equity You Already Have
You can take out a Home Equity Line of Credit (HELOC), a home equity loan, or do a cash-out refinance on the first mortgage to get the funds you need to purchase another investment property.
2. Put Your Debt-to-income Ratio To Work For You
As far as the bank is concerned, if your first investment property is generating an income every month, or has the potential to generate an income every month, it is probably worth borrowing against for purchasing another investment property.
3. Increase Your Investment Portfolio
It stands to reason that the more you add to the number of investment properties you own without overextending your finances, the more rental income you stand to collect.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 23, 2023
by
Emma Co
Unsure what to charge your tenants for rent?
The tips below can help you figure out how to set the correct rent price for your rental properties!
1. Research listings
While it may be time consuming, knowing what other landlords are asking for rent in a given area goes a long way to letting you know what you should charge.
2. Ask someone who knows
Anytime you want to know something, itâs always best to talk to someone whoâs âbeen there, done that.â experience breeds success, so talk to others who have prior experience setting rent prices.
3. Compare actual rent prices in a given area
If you want to set the correct rent for your rental properties, you have to take the time to do your homework. The more you understand about the other rental properties in your area, the more able you will be in setting a price that generates you a profit while making your tenants happy. Use the information above to figure out how to set the correct rent price for your rental properties.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 20, 2023
by
Emma Co
Household chores are a part of life, but that doesnât mean you have to spend a lot of time or money on them.
Below, we share some of our best quick household tips.
1. Hide nicks in your flooring
This tip will help hide those problem areas until you can. Simply melt a crayon that closely matches the color of your flooring.
2. Donât waste those soap pieces
Collect the pieces and use them by cutting a slit in a sponge and putting them inside.
3. Keep those chip bags closed
Stop buying those expensive chip clips to keep your chip bags closed.
4. Keep throw rugs and mats in place
Cut rubber shelf liner into strips and sew them onto the back of the rugs.
5. Put those plastic bags to good use
Keep a stash of plastic bags near your gift wrap station. Use them in place of tissue paper around gifts. You can also use them in boxes to protect items you plan to mail.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 19, 2023
by
Emma Co
To help you find a buyer for your home quickly, use the four tips on how to sell your home fast listed above.
1. Be Reasonable About The Price From The Beginning
Whether itâs to make a profit or the outstanding balance is more than the property is worth, many sellers think starting high and then lowering the asking price later if it doesnât sell is a smart thing to do.
2. Up Your Homeâs Curb Appeal
Take the time to update the landscaping and take care of any repairs to the outside of the home that will make it look better.
3. Give Your Home A Modern Makeover
You can update your homeâs interior cheaply and easily by updating fixtures and giving the walls a fresh coat of paint.
4. Give Buyers A Chance To Imagine
Take down family photos and remove any religious items. Give it a good deep cleaning (carpets, windows, etc.) or hire a cleaning company to do it for you.
Bonus: Be Courteous And Accommodating
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 18, 2023
by
Emma Co
Disposing of leftover paint incorrectly can be dangerous to humans and the environment
You actually have several options for getting rid of your excess paint, so keep reading to find the one that works best for you.
-Save It For Later
If you end up with a good deal of paint left after finishing your project, you might want to save it for later use. You never know when one of your precious angels will decide to turn a wall into a canvas or when a piece of furniture will need a touch-up.
To save excess paint, always leave it in its original container and label it with the date you opened it and which room it was used.
-Donate It
If you donât plan to ever use the paint again, but you feel bad just tossing it out, try to find someone who might use it. Another option is to post your paint online to see if anyone in your local area can use it.
-Dry It Out To Throw It Out
You can, in most locations, throw away dried paint with your regular household garbage. Itâs always wise to check the laws in your neck of the woods first before throwing out any type of paint.
-Let The Pros Do It If Youâre Not Sure
If you just arenât sure of the proper way to dispose of your leftover paint, you can let the professionals do it for you. Many home improvement stores will take your leftover paint and dispose of it properly.
-Estimate How Much Paint Youâll Need
For future paint projects, you can get an accurate estimate of how much paint youâll need by heading to just about any brand-name paint website. Many of these sites have paint estimators that let you know how much paint to buy so there is very little left over. By using these estimators, you waste less money and contribute to a healthier environment for all.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 17, 2023
by
Emma Co
âď¸ Fixing small drywall holes is a cinch when you know what youâre doing. Hereâs how!
Fixing Small Holes In DrywallThe easiest way to repair small holes in drywall is to purchase a drywall repair kit from any home improvement store.
Step 1 â Purchase A Piece Of Drywall
First thingâs first. Head to your local hardware store and buy a small sheet of drywall thatâs the same thickness as the drywall you are repairing.
Step 2 â Measure & Cut
Measure the hole and cut a patch from the drywall sheet you just bought. Give yourself a couple of inches all the way around. Donât cut through the paper backing as this will be what holds your patch in place.
Step 3 â Clean The Hole
Using a utility knife (or drywall saw if you have one) clean the inside of the hole to fit the patch you just cut. Make sure the holeâs edges are as smooth and square as possible so the patch fits perfectly.
Step 4 â Insert The Patch
Apply joint compound to the underside of the patch, paying special attention to the paper surrounding the patch itself. This will be what holds the patch in place. Insert the patch into the hole and press firmly on the paper surrounding the patch.
Step 5 â Prep The Area For Painting
Feather the compound outward, making sure the entire patch is covered and then some. When the compound dries, sand the area with a fine-grit sandpaper. It may take two or three layers of compound to make the patch blend completely with the wall.
Repairing Large Holes In Drywall
The instructions are basically the same, except you may need to use drywall screws to hold the patch in place against the studs in the wall.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move
Posted on
October 16, 2023
by
Emma Co
Ever thought of buying a rental property.
If yes, consider these six features a profitable rental property should have!
1. Location
This feature determines what type of tenants the property attracts and how long they stay.
2. Property taxes
Itâs important to check with the area assessment office for the tax history on a property you are considering.
3. Rent
The rent you collect on your investment property is the whole reason for owning the property in the first place.
4. Schools
Tenants with children or those who plan to have children want to live in neighborhoods with good schools.
5. Crime rates
No one wants to live in a crime-ridden neighborhood.
6. Local amenities
The more a neighborhood has to offer, the more tenants it attracts.
Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888
Building VALUE With Every Move