Karelyn Campbell

Cell: 250-618-8213 |

Categories

1. How do I pick a contractor?

Ideally, you want to build the same kind of relationship with your contractor as you do with your real estate agent: one built on trust that makes you want to go back to that person for any future needs. Your contractor should be a very good listener and communicator. You want them to “get” your vision for your home, and to keep you in the loop every step of the way. Do your due diligence by checking out contractors’ reputations, talking with other clients, and looking at work they have done previously before you make your selection.


2. How much will my project cost?

Of course, the answer depends upon the scope of your project, but in order to get the best estimate from your contractor, take time to write down each detail of your plan so that the contractor can include everything in their estimate. Renovations are famous for taking longer and costing more than originally planned, but this is often because the homeowner makes additions or changes along the way, or they don’t realize that, for example, if you move a wall in your home, you may have to then reroute electricity and outlets. One item often leads to another, so you have to look at everything piece by piece.


3. How long will renovations take to complete?

As we said above, this depends on the amount of work being done– and how many changes are made along the way. The more pre-planning you do, the better estimate your contractor can give you.


4. How do I prioritize projects?

If you are living in your home during renovations, you may want to plan out the project in phases, so you can live out of some rooms while others are being worked in. You may also need to phase projects based on cost and availability of funds.


5. Where do I begin?

You begin by conducting a lot of research. Start a look book for your home, either in a notebook or online, collecting pictures of the look and finishes you want. Talk to different contractors, and visit kitchen, bathroom, appliance, and flooring showrooms to get ideas on selections and pricing.


6. Do I need permits?

Your contractor will know what projects require permitting. Make sure that you do abide by permitting regulations, as failure to secure proper permits can come back to bite you if further work is needed down the road. As well, when you sell your home in BC you'll have to report any renovations made without a permit as a "material latent defect". 


7. How much will renovations increase my home value?

Every homeowner hopes that making improvements will increase their home’s value, and this is usually the case, but sometimes what homeowners view as improvement can turn out to be liabilities to future buyers. For example, don’t put so much money into the house that it becomes more expensive than the rest of the neighborhood. And be careful not to add personal style preferences that can’t be easily changed, like ornamental fixtures, radical architecture, or unusual landscape features.


8. How should I pay for renovations?

If you have the cash to pay for your renovations, that’s certainly a good way to go. Otherwise, you might consider a home equity loan with a manageable monthly payment or a revolving line of credit that you can use for renovations as well as emergencies that may arise later.

Read full post

Most people cringe at the thought of buying a home in December. Only the Grinch would want to pack up and moving during the holiday season! But hold on Cindy Lou Hoo, there are several reasons December can be a great time to buy.


1. Sellers are highly motivated. People who are listing their homes in December are usually on a timeline. They may be relocating for work, wanting to move over the school break, or need to sell their home before the end of the year.

2. You have less competition. Listings do go down in December, but many buyers also take a break during the holiday season. So while the overall number of homes available might be lower, you also have less competition looking.

3. You can get a better price. Motivated sellers and fewer lookers means you can make a better deal. If your seller needs to make a move before the end of the year, they will be willing to work with you on all other terms besides closing date.

4. Rates are staying low. Mortgage rates are forecast to remain low through the end of this year, and into 2021, so it’s a good time to buy.

5. Take advantage of tax benefitsIf you close on your home purchase by December 31st, you can take tax deductions for mortgage interest, loan points, and property taxes.

6. Schedules are more flexible. You might think December is too busy a month for moving, but most people tend to have more flexible schedules in December. Children’s activities are suspended, work schedules are more lax, for both you, your sellers, as well as your lender, home inspector, and moving companies, so scheduling all the parts of your transaction and move may actually become easier.


I’d love to help you find your next home. Let’s make your holiday wishes come true!

Read full post
Categories:   activities | activity guide | bc assessment | bc real estate | buyer | buyer tips | buyers | buyers agent | buyers tips | buying strategy | christmas activities | curb appeal | Du Ladysmith, Duncan Real Estate | events | explore nanaimo | first-time buyers | halloween | halloween safety | home | home buyers | home buyers tips | home buying tips | home decor | home decor tips | home equity | home m | home maintenance | home maintenance tips | home owner tips | home pricing | home sellers | home selling | home values | homeowner | kids activities | listing photos | local events | market udate | market update | market value | moving tips | Na Cedar, Nanaimo Real Estate | Na Central Nanaimo, Nanaimo Real Estate | Na Chase River, Nanaimo Real Estate | Na Departure Bay, Nanaimo Real Estate | Na Hammond Bay, Nanaimo Real Estate | Na North Nanaimo, Nanaimo Real Estate | Na South Nanaimo, Nanaimo Real Estate | Na University District, Nanaimo Real Estate | Na Uplands, Nanaimo Real Estate | nanai | nanaimo | nanaimo activities | nanaimo buyers | nanaimo home values | nanaimo homes | nanaimo homes for sa | nanaimo homes for sale | nanaimo houses | nanaimo market | nanaimo market update | nanaimo parks | nanaimo real | nanaimo real esate | nanaimo real estate | nanaimo real estate agent | nanaimo real estate market | nanaimo realtor | naniamo homes | new construction | real estate | real estate advice | real estate tips | renovations | safety tips | sell y | sell your home | sellers | sellers advice | sellers tips | selling | speculation tax | tip tuesday | tips | vireb | Z3 Ladysmith, Zone 3 - Duncan Real Estate | Z4 Cedar, Zone 4 - Nanaimo Real Estate | Z4 Chase River, Zone 4 - Nanaimo Real Estate | Z4 Diver Lake, Zone 4 - Nanaimo Real Estate | Z4 Hammond Bay, Zone 4 - Nanaimo Real Estate | Z4 North Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 Old City, Zone 4 - Nanaimo Real Estate
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.