People in Toronto find it difficult to get houses. As simple and sarcastic as it may sound, that is the truth. The discussion here is not about the availability of houses (which up until recently, it was), rather, it is about whether the properties available are affordable or not.
Till a few days ago, whiny industrialists everywhere were cribbing about the wide gap in supply and demand and how the government needs to formulate better policies to help stimulate real estate growth. But ever since the revelations in the recent census data have come to light, one thing is abundantly clear. It is not about the supply. Not at all.
For the census data released piece-wise translates into the fact that there is no shortage. Instead, new houses built exceeded the generic demand by almost 30,000 units over the specified period. So, the product was there. Which begs the question, what went wrong? Some of this disparity between required and available housing is definitely due to the construction plummet during the recent economic stagnation. But there are other prominent reasons as well.
At the root of it, there are two things:
- Due to increasing population and population density, there is a scarcity of land to build new properties on. Even more so, if the demand for stand-alone units soars high. And it does. Everyone wants to have their own piece of paradise with surrounding greenery. But Toronto being one of the major metropolitan centers in Canada, makes it almost impossible to carve out a piece of dirt anywhere below the million dollar mark.
- The speculation is the worst factor. Unrealistic drive in price rise has raised the cost of owning a property to such an extent that a major demographic sector just can’t think of buying their own turf. There is an overflow of these so-called, young adults, living with their parents who are at the edge of becoming home-owners if only the price tags were a bit more accommodating.
Now, the market should eventually come back to balance. But if the speculation game goes on as it is, prices are going to continuously skyrocket without any chance of a pent up. Add to that, the declining percentage of single stand-alone housing and there seems to be trouble ahead for sure. The city is facing a shortage of acreage to build the properties on and it is proving very hard to find a solution to it. Only realtors like Real Estate Agent Toronto can help to ease it up a bit.
Therefore, if the prices were to drop a bit, many of those from the young adult section would love to get out and have a place of their own. But for that, there is a need for some semblance of structured control and discipline on the part of those who must restrain their imagination from propelling prices even further up. This will definitely help to provide an opportunity to those millennials and working professionals who till now, are under pressure to defer starting a family and delaying ownership due to this real estate price boom. After all, the city was the destination for young couples and families in the past, even if the situation has been less than desirable for some time now.
Young people are the ideal demographic and are the prime factors for boosting growth. Realtors would definitely want to dip their fingers in this cash flow if they adjust their financial ratings just a little bit. Therefore, policies needed to help maximize this profitable segment must be formulated at the earliest so as to open the floodgates and let the reaping begin.
For good reasons, hardwood floors remain one of the most sought options. Aside from its durability and natural beauty, the installation of wood flooring is not as complicated as the other solutions. As a result, a do-it-yourself installation is possible if you are handy with tools and not afraid to get your hands dirty. Here are some of the reasons why hardwood flooring is one of the best choices.
Aside from the fact that it is a natural product and part of our everyday lives, wood comes in a variety of beautiful colors and grain patterns. As a result, there are enough choices to satisfy almost every unique taste and need. The natural and appealing beauty of wood will certainly add value to a home.
Wood flooring goes anywhere
As a flooring material, wood offers an unmatched level of versatility. While solid hardwood is an excellent choice for kitchens, offices, dens, and main living areas, engineered hardwood is more water-resistant and can, therefore, be used in basements and bathrooms.
Hardwood floors wear well
As a durable flooring option, hardwood is strong enough to handle heavy foot traffic, particularly if the load is not too heavy. Hardwood floors can look as good as new after many years of use, especially with routine cleanings and proper maintenance services such as the application of a high-quality sealer and protective coat.
A hardwood floor is easy to clean and maintain
For general cleaning and maintenance, you only need to sweep and mop using a slightly damp mop. Always use gentle wood cleaning products to spot clean your hardwood floor and a vacuum cleaning machine that features a wood floor setting or one with no beater bar to vacuum clean your hardwood floor. Apart from needing fewer chemicals, cleaning your wood floor will take less time than any other type of floor since most of them require vacuuming, scrubbing, or shampooing. Unlike tiles, wood does not grow mold in the grout. It also does not trap fumes and dust particles like carpets.
Refinishing is a possibility
You can refinish a solid hardwood floor 5-7 times before it needs replacing, which means it can last for more than 70 years. You can also refinish many engineered wood floors at least once. In comparison, the overall cost of a hardwood floor over a period of 50 years is significantly less than that of the other flooring options, most of which need replacing every 3-10 years.
Hardwood floors do not harbor allergens
Hardwood floors are not as tough on people with allergies or asthma as other flooring options because they don’t trap dander, dust and any other allergen that might make breathing difficult. Since you can easily clean a hardwood floor using a slightly damp mop, you can remove allergens quickly and on a regular basis.
If you are opting for a new house, you may be deliberating on what kind of flooring to splurge on. You may be telling yourself that hardwood flooring is beautiful, but so hard to clean! Unlike rugs or carpets, there is no way to hide the dirt or absorb the grease. The maintenance is just too high!
Well, not anymore. Here are the best ways to keep your hardwood flooring as beautiful as the day it was installed.
Develop a Routine
No matter what you tell yourself, yes, the hardwood floor does need work. But the aesthetic is well worth it. A few minutes each day is all you need to make your floor, and in consequence your home, shine. Sweep and dust daily. Use a mop or a microfiber pad to trap the dirt in the cloth instead of allowing it to get trapped in the seams and edges. If you keep the dirt from accumulating you significantly reduce the chance of scratches.
Use a PH neutral cleaner
Acidic agents easily dissolves mineral deposits but does not work on grease and grime. On the other hand, alkaline cleaners are terrible for the floor as it dulls the finish. A neutral cleaner is your safest bet. Wood wash is a cleaning agent that has been specially formulated for treating hardwood floors. It is cheap, safe to use and gets your floor clean in no time.
Use a damp mop
Another PH neutral agent is of course, water. You can combine it with a mop to dissolve the dirt and grime that has accumulated. Dip your mop into a bucket of water, rinse it out completely and use the barely wet mop to sweep your floor. This is guaranteed to get all the hard to get at bits of dirt out.
Wax to get rid of scratches
It is inevitable that your floor will get scratches on it. You just need to accept it and prepare accordingly. Waxing is very easy nowadays with plenty of water based waxes available in the market for convenient use. Simply apply it on your floor and let it dry. You’ll soon have the original shine you see in commercials.
So don’t worry about how to keep it nice. Splurge on that floor and make that beautiful dream come true.
If you have decided to install hardwood flooring in your home, you are not alone. Whether you choose to install oak, maple, bamboo or another type of hardwood in your home, you can expect to enjoy many wonderful benefits as a result. For example, hardwood flooring has a timeless beauty that will enhance the interior décor of your home for decades to come. It is hypo-allergenic, eco-friendly and easy to care for. Whether your goal is to enjoy these or many other benefits associated with wood floors, you first need to shop around to find the right floor for your home and your budget. Put these easy shopping tips to work to help you make a great buying decision with minimal time and effort required.
Get Your Space Professionally Measured
Before you begin shopping for your new hardwood flooring, request a professional measurement from a flooring contractor. You may be able to easily determine the amount of square footage you need to cover with new floor, but the measuring process used by a professional flooring expert will take into account the number of cuts that need to be made and other factors. Such factors can affect the amount of material that needs to be used to complete the project. Therefore, professional measurements can be much more accurate to use when estimating costs.
Set a Realistic Budget
Another preliminary step to take before buying hardwood floors is to set a realistic budget. Many people eagerly search for the best wood flooring they can afford on their budget without giving thought to the labor costs of installation or removal of the existing floor. In addition, sub-flooring may also need to be added in some cases at an additional cost. Your budget should account for each of these things.
Choose Your Material With Care
The material that you choose to install in your home can affect desirability and appeal, interior ambiance, care and maintenance and more. The type of wood, for example, can affect how easily it is dented or scratched. The texture of the wood can influence how easily scratches are visible to others. The type of stain or seal on the wood can affect the care requirements. While you want to choose a material that looks fabulous in your home, you also need to focus on the practical aspects associated with it as a floor material.
Selecting wood floors can be exciting and fun for some people, and others find it frustrating to narrow down the options and to make the best buying decision for their space. You can enjoy an easier process and better results when you follow these helpful shopping tips.
One of the most common steps homeowners take when preparing to list a home for sale is to crunch numbers. As a homeowner, you want to ensure that you can get a reasonable price for your home so that you can pay off your existing mortgage and hopefully turn a decent profit. You may need to use the proceeds to pay for another house, to pay off debts or to accomplish other substantial goals. Many sellers will use the services of a real estate agent to list their home for sale as well, but real estate agent fees eat away at your profit from selling the house. Because of this, you may be wondering if you really need to hire a real estate agent Toronto to help you sell your house. Agents offer true value to sellers in a number of ways, and you may find that their services are well worth paying for.
Setting a Reasonable Asking Price
Many homeowners have a fair idea about how much their home is worth, but there is strategy associated with establishing a firm list price. For example, agents will review market data to determine a high and low end value for your home. Depending on if you want to get top dollar or you want to sell quickly, the agent can then advise you of a price that meets your objectives.
Marketing Your Home
Agents also actively market your home, and their services include everything from placing a sign in the front yard to advertising it online and hosting open houses. Sellers typically will have to pay fees to market their property online, to create marketing flyers, to buy yard signs and more. Therefore, there is some cost to the homeowner to market the home on his or her own.
Negotiating With the Buyer
Once a buyer has made an offer, negotiations typically ensue. Negotiations may be for the sales price, who pays closing costs, repair items that need to be made to the house, when the closing date will be and more. Some homeowners are not comfortable with or skilled at negotiating, and the skills of a real estate agent can be invaluable in this area.
Working With Third Parties
Another service offered by agents relates to third parties, such as the appraiser, property inspector, title company, lender and more. Many different components have to come together to sell a house. Your agent will guide you through this process and typically will actively communicate with third parties on your behalf to reduce your stress level and to ensure that tasks are taken care of in a timely manner.
If you are thinking about selling your home, rest assured that you do not have to use the services of a real estate agent. However, as you can see, agents bring true value to the transaction through their efforts. Consider interviewing a few agents to learn more about how they can help you to sell your house.
If you have a house up for sale and are debating whether or not you should hire a real estate agent, consider the ways in which this professional can help get your house off the market and into the hands of a buyer much more quickly than you could without assistance.
Staging the House
You may think that you can just invite people to start looking at your house today; however, you really need to stage it so that it is inviting to others. For example, when you have pictures around the house of your family, potential buyers may have trouble picturing their own relatives living in the space. A real estate lawyer like Slavens RealEstate can help you to set up the dwelling in a way that is both inviting and filled with character.
Repairing Necessary Issues
While you just may want to sell the house without putting any more work into it, that isn’t always possible. If the house has serious issues with the electric or plumbing or if you cannot compete with all the brand new constructions in the area, you may have to take some time to make these repairs and upgrades. Keep in mind that by tackling these projects, you can also potentially increase the list price.
Posting Your House
You may also assume that you can just post your house in the proper listings by yourself. While you will likely have access to some listings, both online and in the physical world, you do not have the same access that real estate agents do. They can get your listing to a significantly wider audience than you could by yourself.
Once people find your postings, they will likely want to schedule a visit if they are interested. You can book these appointments with people yourself, but buyers are often uncomfortable looking at the house if the current owners are the ones guiding them. Real estate agents provide a greater level of objectivity. Also, having a person in the middle can help to better protect your safety and the safety of your house. Speak to your agent if you have concerns in that area.
Planning Open Houses
Inviting people who are interested in the home to come to take a look at an open house is a good idea. You can generate a decent amount of traffic that work. Coordinating one of these events without the guidance of an real estate agent Toronto can prove overwhelming and problematic. Let the real estate agents guide you through this process.
Whether you want to make your house look more appealing to prospective buyers or you want to increase the avenues through which individuals can view your home, working with an agent is a smart move to make.
If you are looking to buy or sell a home or condo, you should do so with the help of a real estate agent. Doing so can provide you with many benefits that can help you get the best possible deal whether you are looking to buy or sell. Let’s take a look at some of the specific benefits derived from partnering with a real estate professional.
Real Estate Agents Know How to Negotiate
Your agent has years of experience negotiating real estate deals, which will come in handy when it comes time to list your home or put in an offer on one. For example, your agent may be able to convince a buyer to forego an inspection or not hold you responsible for any issues that the buyer finds with the home. As a buyer, your agent may be able to negotiate sellers concessions or other concessions that save you money.
Real Estate Agents Can Show Homes for You
It is unlikely that you have the time to show your home whenever a potential buyer would like to see it. However, by hiring a Real estate agent Toronto, you have someone who can show your home and answer questions about it on the buyer’s schedule. This means that you don’t need to take off of work or otherwise give up your social schedule just because someone can only see the house on a Friday night or at some other time that isn’t convenient for you.
Real Estate Agents Can Discuss Financing Options With You
If you are looking to buy a home, you are going to need financing in the form of a mortgage. Your agent may be able to talk more about your financing options and which lenders or brokers to work with. While you never want to work with someone just because your agent suggested that person, it can be a good starting point for those who have never bought a home before or are new to the area.
Your Agent Is Your Advocate
As a general rule, your agent is your advocate regardless of whether you are buying or selling a home. He or she will make sure that the home you buy is the home that you want and need. If you are selling your home, your agent will make sure that you get a fair price and get the home off the market in a timely manner.
Never buy or sell a home without an agent by your side. While you may not look forward to paying this person a commission, the money you spend is well worth it considering all the guidance and advice that they give you throughout the buying or selling process.