Wednesday, December 11, 2013

Making Your Kitchen More Attractive to Buyers-


What's one of the most important rooms in your home? When it comes to
selling your property quickly, and for the best price, the answer is clearly the
kitchen. In fact, one of the most common explanations a particular buyer
gives for not making an offer is, "I liked the house, but I wasn't too keen on
the kitchen."
That doesn't mean you must do a major renovation. However, you should do
what you can to make the kitchen as attractive as possible to buyers.

Here are some ideas:
First, clear the countertops. Put away the toaster and other items. You want
to make the entire countertop area seem as spacious as possible.
If the cabinetry is old, you can spruce it up by installing new knobs, handles
and other hardware. A fresh coat of paint on the walls and ceiling can also
make the kitchen look like it has had a major renovation – and it will only cost
you a few hundred dollars. According to an article on the website HDTV.com,
"The fastest, most inexpensive kitchen updates include painting and new
cabinet hardware."
Replacing the countertops is a more expensive renovation, but it may be
worth it if the current counters are old and worn.
Finally, when preparing your kitchen for a viewing, make sure it's clean and
tidy. The garbage and recycling bins should be empty. Buyers will open
cabinets so make sure items on shelves are neatly organized with the front
labels facing forward.
There are many other ways to make the most important room in your home
look great to potential buyers. Call Ian 613-222-2662 or email ian@royallepage.ca today for more ideas.

Monday, September 09, 2013

Ottawa resale market on the up and up

Courtesy of the Ottawa Real Estate Board
OTTAWA, September 5, 2013 -
Members of the Ottawa Real Estate Board sold 1,219 residential properties in August through the
Board’s Multiple Listing Service® system, compared with 1,145 in August 2012, an increase of 6.5
per cent. The five-year average for August sales is 1,202. “It has been one year since the Canadian Government introduced the new mortgage rules, and although the Ottawa market has been slow moving since the beginning of the year, this month’s numbers are quite the opposite,” says Tim Lee, President of the Ottawa Real Estate Board. “With both residential and condo units sold up a respectable amount since last year, it breaks the downward cycle. In addition, average sale prices softened out in August, creating a welcomed lull in inflating property prices.” August’s sales included 272 in the condominium property class, and 947 in the residential property class.
The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, townhouse, etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties. The average sale price of residential properties, including condominiums,
sold in August in the Ottawa area was $348,519, a slight increase of 0.4 per cent over August 2012. The average sale price for a condominium-class property was $257,494, a decrease of 5.4 per cent over August 2012. The average sale price of a residential class property was $374,663, an increase of 1.8 per cent over August 2012. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have
increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. “Inventory on hand has decreased since last month, and is starting to return to more normal levels,” says Lee. “Ottawa continues to be a healthy, balanced market, and as always, a great city to live in. With a strengthening economy and historically low interest rates, Ottawa consumers remain in a very enviable position.” Talk to Ian an Ottawa area REALTOR® today for help with buying and/or selling a home.